Dry Malt Extracts Market Size 2024 to 2031.

Market Overview and Report Coverage

A dry malt extract (DME) is a concentrated form of malt extract that has been dried into powder or flakes. It is commonly used in brewing beer, baking, and other food applications as a sweetener, flavor enhancer, and source of fermentable sugars.
The Dry Malt Extracts Market is expected to experience substantial growth in the coming years, with a projected CAGR of 12.20% during the forecasted period. This growth can be attributed to increasing consumer demand for convenience food products, rising popularity of craft beer brewing, and the expanding food and beverage industry globally. Additionally, the versatility and long shelf life of dry malt extracts make them an attractive ingredient for manufacturers looking to enhance the flavor profile and nutritional value of their products.
Furthermore, technological advancements in production processes, development of innovative product formulations, and growing awareness about the health benefits of malt extract are also expected to drive market growth. With the trend towards natural and organic ingredients gaining traction, the demand for clean label and natural sweeteners like dry malt extract is anticipated to further bolster market expansion in the foreseeable future.

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Market Segmentation
The Dry Malt Extracts Market Analysis by types is segmented into:
• Light Dry Malt Extracts
• Amber Dry Malt Extracts
• Black Dry Malt Extracts

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Dry Malt Extracts are available in different varieties based on their color and flavor profiles. Light Dry Malt Extracts are pale in color and have a mild flavor, making them suitable for brewing light beers. Amber Dry Malt Extracts have a richer color and flavor profile, adding depth to amber or red ales. Black Dry Malt Extracts are dark in color and impart a strong roasted flavor, ideal for stouts and porters. Each type caters to different brewing needs and preferences.

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The Dry Malt Extracts Market Industry Research by Application is segmented into:
• Bread
• Beer
• Milk Products
• Other

Dry malt extracts are widely used in various applications such as bread making, beer brewing, and milk products. In bread making, dry malt extracts serve as a natural sweetener and flavor enhancer. In beer brewing, they provide fermentable sugars for yeast to produce alcohol and carbonation. In milk products, dry malt extracts are used to improve flavor and nutritional profile. Additionally, dry malt extracts find application in various other markets such as confectionery, snacks, and cereals for their ability to enhance taste and aroma.

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In terms of Region, the Dry Malt Extracts Market Players available by Region are:

North America:
• United States
• Canada

Europe:
• Germany
• France
• U.K.
• Italy
• Russia

Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia

Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia

Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea


What are the Emerging Trends in the Global Dry Malt Extracts market?
The global dry malt extracts market is witnessing several emerging trends, including a growing demand for organic and non-GMO products. Consumers are increasingly seeking healthier and higher quality food and beverage products, leading to a rise in the demand for clean label ingredients such as dry malt extracts. Furthermore, there is a growing popularity of craft brewing and home brewing, driving the demand for dry malt extracts as a key ingredient in beer production. Additionally, the increasing popularity of convenience foods and beverages is also fueling the growth of the dry malt extracts market as a convenient and versatile ingredient for various applications.

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Major Market Players
Among the key players in the competitive dry malt extracts market are Cargill, Crisp Malting Group, Malteurop Group, and Muntons. Cargill, a global food and agriculture company, has a strong presence in the malt extract market with its range of high-quality products. The company focuses on sustainable sourcing and innovative solutions for its customers. Cargill's revenue in 2020 was $114.6 billion.
Crisp Malting Group is a leading maltster with a history dating back to the 19th century. The company has grown steadily over the years due to its commitment to quality and customer service. Crisp Malting Group's expertise in malting technology and production processes has helped it carve out a niche in the market. The company's revenue in 2020 was £134 million.
Malteurop Group is a major player in the malt industry, with a global presence and a focus on sustainable development. The company operates numerous malting plants around the world, serving a wide range of customers in the brewing and distilling industries. Malteurop Group's revenue in 2020 was €1.24 billion.
Muntons is a well-established malt and malted ingredients manufacturer, known for its extensive product range and innovative solutions. The company has a strong presence in the UK and exports its products to over 70 countries worldwide. Muntons' revenue in 2020 was £104 million.
Overall, these key players in the dry malt extracts market have demonstrated consistent growth and success in the industry due to their strong market presence, product quality, and commitment to customer satisfaction.

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