Press release
Malt Ingredients Global Market will Exceed $28.86 Billion with a projected CAGR of 5.8% By 2028 | Deltamalt, Cargill Malt, GrainCorp Limited, Groupe Soufflet, IREKS GmbH
Malt Ingredients Global Market
The Business Research Company presents an extensive market research report on the Malt Ingredients Global Market Report 2024 , furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The malt ingredients market size has grown strongly in recent years. It will grow from $21.84 billion in 2023 to $23.06 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to traditional brewing practices, industrialization of brewing, cultural and regional influences, establishment of malt houses, historical role in distilling.
The malt ingredients market size is expected to see strong growth in the next few years. It will grow to $28.86 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to shifts in consumer taste preferences, globalization and international market expansion, functional beverage innovations, emphasis on sustainability and organic ingredients, rise in gluten-free and specialty malt products. Major trends in the forecast period include evolving consumer preferences, rise in craft brewing and distilling, health and wellness concerns, innovation in brewing techniques, expansion of beverage choices.
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Key Market Players:
Major companies operating in the malt ingredients market report are Deltamalt, Cargill Malt, GrainCorp Limited, Groupe Soufflet, Duerr Malzfabrik GmbH & Co KG, Dobele Malz GmbH & Co KG, Honeywell Specialty Grains LLC, IREKS GmbH, Grupo Huerga y CIA S.L., Haas Malz GmbH & Co KG, Gerkens Malt BV, Muntons PLC, Gambrinus Malterie NV, Malteurop Group S.A., Barmalt S.A., Briess Malt & Ingredients Company, Imperial Malt Ltd., Dingemans BV, Nordecon Oyj, Crisp Malt Limited, Frey Malz GmbH & Co KG, Hopsteiner Inc., Farmos Oyj, Eiselt Malz GmbH & Co KG, Ernest Grain Ltd., Minnaar International BV, Neville Maltings Ltd., Permalz GmbH & Co KG, Provital Malt France, Rehorst GmbH & Co KG, Soufflet Malt Europe SAS, Viking Malt Inc., Weyermann Malz GmbH & Co KG
Market Drivers:
The increasing demand for beer is driving the malt ingredients market. Beer is a carbonated, fermented alcoholic drink with less than 5% alcohol concentration that is frequently brewed from malted cereal grains (mainly barley) and flavored with hops. Increased disposable income and consumer preferences are leading to an increase in beer consumption across the globe. Malt ingredients give color, flavor, and foam to the beer, provide the sugars for fermentation, and contribute to the health aspect of the beer. For instance, in 2021, according to the national beer sales and production data of the Brewers Association, a national organization that represents the interests of small and independent craft brewers in America, the overall sales of beer in the United States increased by 1% in 2021, while sales at craft breweries increased by 8%, bringing their volume share of the market to 13.1%. Therefore, increasing demand for beer is expected to boost demand for malt ingredients during the forecast period.
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https://www.thebusinessresearchcompany.com/report/malt-ingredients-global-market-report
The malt ingredients market covered in this report is segmented -
1) By Type: Dry Malt, Liquid Malt, Malt Flour, Other Types
2) By Raw Material: Barley, Wheat, Rye, Maize, Rice, Oat
3) By Application: Brewing, Distilling, Cereals, Bakery, Beverages (Non-Alcoholic), Confectionery
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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