Malt Extracts and Ingredients Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2027: Imperial Malts Ltd. and Muntons plc are key players.

Malt Extracts and Ingredients Market is expected to grow at a CAGR of 4.48% to reach a market size worth US$39.916 billion by 2027.

The prime factor propelling the growth of the malt extracts and ingredients market is the rise in consumer demand for malt beverages such as beer.

According to the study, the malt extracts and ingredients market is expected to grow steadily over the forecast period.

The increased demand for craft beer has led to increased breweries and brewpubs globally. However, beer production has numerous complex procedures that must be followed, necessitating a professional crew and appropriate quality assurance methods. As a result, it is forcing homebrewers to transition to utilizing malt extracts as they lack the necessary equipment, further encouraging breweries and brewpubs to use them to save time and cost. For instance, in May 2021, a leading malt ingredients manufacturing company, Muntons, launched a new premium alcohol-free malt extract to assist brewers without access to expensive machinery to produce non-alcoholic beverages. In addition, a wide range of malt-based drinks, including non-alcoholic beer, are witnessing high demand among young consumers by appealing to their palates, increasing demand for malt extracts and components propelling the expansion of the malt extracts and ingredients market.

Sample request or complete report can be purchased through the link below:
https://www.knowledge-sourcing.com/report/global-malt-extracts-and-ingredients-market

The malt extracts and ingredients market has been analyzed into source, product type, form, grade, application, and geography.

By source, the market has been classified into barley, wheat, rye, and others. However, barley contributes vastly to the malt extract market as most beer types are based on barley malt. In addition, the growing consumption of beer among the population above 18 years is increasing the need for barley malt extracts to manufacture beer.

Based on product type, the classification has been done into the diastatic, non-diastatic, and brewery-grade extracts. By form, the market has been divided into dry and liquid malt extract. Depending on the grade, the market has been segmented into standard malt extract and specialty malt extract. Based on its application across different industries, the categorization has been done into nutraceuticals and pharmaceuticals, food and beverage, and brewing and distilling. The nutraceuticals and pharmaceuticals sector is anticipated to experience substantial growth over the forecast period fueled by the spread of awareness of health benefits such as enhanced digestive power and reduced cholesterol levels associated with dietary supplements comprising malt extracts. In the food and beverage sector, certain leading companies are releasing products containing malt extracts. For instance, Nestle developed a product, Milo, with a unique malt extract formula generated using different micronutrients. In addition, the growing production of processed bakery products by major companies in the food and beverage sector provides an opportunity to consume varying malt extracts and ingredients, such as gluten-free barley malt extract, to offer a wide variety of flavors and textures in their products.

By region, North America is expected to retain a considerable market share due to the growth in the consumption of malt beverages with no alcohol content and the rise in beer consumption in the US. In addition, the Asia Pacific region is also predicted to notice significant growth due to the implementation of appropriate regulations and standards by respective authoritative departments. For example, the FSSAI has approved the BIS IS 204:1993 standards that were put in place by the Bureau of Indian Standards (BIS). In addition, key market players in the region are advertising and offering their products by adhering to appropriate quality assurance and compliance protocols. For example, Barmalt Malting India Pvt. Ltd., a leading producer and supplier of malt extracts and malt products in India, ensures that their products meet the requirements of ISO 9001:2008.

The major players covered in the malt extracts and ingredients market are Imperial Malts Ltd., Mahalaxmi, Malt Company (India) Pvt Ltd., Döhler GmbH, Briess Malt & Ingredients, Muntons plc, BARMALT, IREKS GmbH, Mangrove Jack's, BSGi NZ Ltd., and Senson.

This malt extracts and ingredients market has been analyzed into the following segments:

• By Source

o Barley
o Wheat
o Rye
o Others

• By Product Type

o Diastatic Extract
o Non-Diastatic Extract
o Brewery-Grade Extract

• By Form

o Dry Malt Extract
o Liquid Malt Extract

• By Grade

o Standard Malt Extract
o Specialty Malt Extract

• By Application

o Nutraceuticals and Pharmaceuticals
o Food and Beverage
o Brewing and Distilling

• By Geography

o North America

• United States
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• United Kingdom
• Germany
• France
• Spain
• Others

o Middle East and Africa

• UAE
• Israel
• Saudi Arabia
• Others

o Asia Pacific

• Japan
• China
• India
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others

Related Reports:

• Global Licorice Extract Market: https://www.knowledge-sourcing.com/report/global-licorice-extract-market

• Tea Extract Market: https://www.knowledge-sourcing.com/report/tea-extract-market

Contact Us:

Knowledge Sourcing Intelligence
Phone: +1-850-250-1698
E-Mail: info@knowledge-sourcing.com

Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies across ten industry verticals. KSI has a team of experienced and young professionals who focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports annually centering on the niche and latest technologies. In addition, we engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers, and challenges, and strategic recommendations for making informed decisions. Our success lies in our analysts' efforts to meet client expectations by delivering quality work within the stipulated deadlines.

This release was published on openPR.