Malt Ingredients Market Size is Expected to Reach $28.86 Billion by 2028 at a CAGR of 5.8% within Forecast Period 2024-2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Malt Ingredients Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
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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Market Segmentation:
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

Major Driver - The Surging Demand For Beer Propels Growth In The Malt Ingredients Market
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.

Competitive Landscape:
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

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Top Trend - Innovative Strides Versatile Range Of Malt Extracts Catering To The Growing Demand For Plant-Based Cuisine
Major companies operating in the malt ingredients market are focusing on innovative products such as grain, liquid, and powdered malt extracts to be employed in plant-based cuisine and to better meet the needs of their existing consumers. Grain, liquid, and powdered malt extracts are different kinds of concentrated malt products made from malted barley or other grains. For instance, in September 2022, Muntons Plc, a UK-based manufacturing company of malts and malted materials for brewing and distillation, launched PlantMalt, a new range of grain, liquid, and powdered malt extracts that are used in plant-based cuisine to create a higher-quality meat alternative. PlantMalt was created to assist producers in achieving succulent flavors, texture, color, and mouthfeel in meat replacements. Muntons' considerable expertise in malts was combined with that of alternative protein specialists to produce the PlantMalt range. Muntons' grains are soaked, sprouted, kilned, and finally meticulously processed to produce a plant-based, clean-label, GMO-free product.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Malt Ingredients Market Characteristics
3. Malt Ingredients Market Trends And Strategies
4. Malt Ingredients Market - Macro Economic Scenario
5. Malt Ingredients Market Size And Growth
…..
27. Malt Ingredients Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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