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Malt Ingredient Market Overview 2016-2024: Forecast Market Size, Top Trends and Opportunities as Per the Business Research Company's - US$ 7.3 bn Global Market Report 2031

03-07-2024 03:31 PM CET | Food & Beverage

Press release from: Transparency Market Research

Malt Ingredient Market

Malt Ingredient Market

The global malt ingredient market is witnessing robust growth, driven by factors such as the expansion of the confectionery business and the overall growth of the food industry, particularly in bakery and confectionery segments. According to Transparency Market Research, the market is projected to grow at a steady pace of 4.7% from 2016 to 2024, reaching a valuation of USD 7.3 billion by 2024.

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Key Players and Market Developments
Some of the major players that are helping the global malt ingredient market are Malt Products Corporation, VIVESCIA Industries, Malteries Soufflet SAS, Cargill, Boosrtmalt Group, and Simpsons Malt Limited

Market Segmentation and Trends:
The global malt ingredient market is segmented based on product type, source, application, and grade. Product types include dry malt, liquid malt, and malt flour, while sources comprise barley and wheat. Noteworthy applications of malt ingredients include doughnuts, cakes, pastries, cookies, brownies, biscuits, bread, and more. Doughnuts and pizzas are expected to drive significant growth in the market, fueled by the popularity of fast food and increasing disposable incomes.

Regional Dynamics:
North America emerges as the leading regional market, driven by the growth of bakery and confectionery industries in countries like the United States and Canada. Europe also shows promising growth, particularly in demand for cookies and doughnuts. Specialty ingredient manufacturers find ample opportunities in the malt ingredient market, especially with the rising popularity of non-alcoholic malt beverages and the incorporation of malt ingredients in gluten-free products.

๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ | ๐ˆ๐ฆ๐ฆ๐ž๐๐ข๐š๐ญ๐ž ๐ƒ๐ž๐ฅ๐ข๐ฏ๐ž๐ซ๐ฒ ๐€๐ฏ๐š๐ข๐ฅ๐š๐›๐ฅ๐ž ๐š๐ญ - https://www.transparencymarketresearch.com/checkout.php?rep_id=14447<ype=S

Impact of COVID-19 and Future Outlook:
The COVID-19 pandemic has led to disruptions in global healthcare systems, prompting a shift towards homecare and increased interest in nutraceuticals. This presents new opportunities for players in the malt ingredients market to meet evolving consumer needs. Adoption of new strategic frameworks and operational systems are enabling manufacturers to capitalize on emerging trends and consumer preferences.

About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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