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Global Malt Extracts And Ingredients Market 2023 Future Outlook, Growth Trends, Recent Development And Forecast To 2032 | Major Players Are Muntons PLC , Viking Malt AB, Diastatische Production B.V., Laihian Mallas Oy , Rahr Corporation
Malt Extracts And Ingredients Market
The Business Research Company's Malt Extracts And Ingredients Global Market Report 2023 identifies growing popularity of craft beer as the major driver for the Malt Extracts And Ingredients Market's growth in the forecast period. Craft beer refers to a beer that is made by small, independent breweries using traditional brewing methods and high-quality ingredients. Malt extract is a key ingredient in beer and is widely used by many craft brewers to speed up brewing.
The global malt extracts and ingredients market size is expected to grow from $18.29 billion in 2022 to $19.38 billion in 2023 at a compound annual growth rate (CAGR) of 6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global malt extracts and ingredients market size is expected to reach $23.58 billion in 2027 at a CAGR of 5%.
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Major competitors in the malt extracts and ingredients market are Muntons PLC , Viking Malt AB, Diastatische Production B.V., Laihian Mallas Oy , Rahr Corporation, Malteurop Group , Maltexco S.A., Malt products Corp., Holland Malt B.V., Boortmalt N.V., Imperial Malts Ltd., Agraria Malte Ltd., Puremalt Products Ltd., EDME Ltd., and United Malt Group Limited.
A key trend in the Malt Extracts And Ingredients Market includes Product innovations. Major companies operating in the market are introducing innovative products to sustain their position in the market. For instance, in January 2020, Muntons, a UK-based malt and malt ingredients manufacturer, launched the EasySour malt extract blend, an innovative product to manufacture sour beers with the least hassle for brewers. The uniqueness of the product is that it's a malt blend that quickly creates the souring effects that are most sought-after by athletes and other people. It is primarily used to help speed up the process, cut costs, and eliminate risk. This new item is made to be introduced either during or after fermentation. It imparts the reviving 'soured' flavor without the requirement for prolonged storage or the dangers connected with the employment of bacteria in the brewery.
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The Malt Extracts And Ingredients Market is segmented -
By Product: Extracts, Ingredients
By Source: Barley, Wheat, Rye and Rice, Oats, Sorghum, Millets, Corn
By Form: Dry, Liquid
By Product Type: Diastatic, Non-Diastatic, Brewery-Grade
By Application: Beverages, Food, Pharmaceuticals, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Malt Extracts And Ingredients Market.
The Business Research Company's "Global Malt Extracts And Ingredients Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Malt Extracts And Ingredients Market Include:
1. Executive Summary
2. Malt Extracts and Ingredients Market Characteristics
3. Malt Extracts and Ingredients Market Trends And Strategies
4. Malt Extracts and Ingredients Market - Macro Economic Scenario
5. Malt Extracts and Ingredients Market Size And Growth
……
26. Africa Malt Extracts and Ingredients Market
27. Malt Extracts and Ingredients Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Malt Extracts and Ingredients Market
29. Malt Extracts and Ingredients Market Future Outlook and Potential Analysis
30. Appendix
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