Malt Extracts and Ingredients Market to Flourish at 5.0% CAGR, Fueled by Rising Craft Beer Production, Health-Conscious Consumer Trends, and Bakery Sector Demand

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Malt Extracts And Ingredients Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $24.91 billion In 2028 At A CAGR Of 5.0% :

The malt extracts and ingredients market size has grown strongly in recent years. It will grow from $19.38 billion in 2023 to $20.5 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to traditional brewing use, industrial and food applications, diverse product offerings, shift in consumer preferences, evolving culinary and beverage trends, quality and consistency improvements..

The malt extracts and ingredients market size is expected to see steady growth in the next few years. It will grow to $24.91 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to market expansion and growth, consumer health awareness, product innovation and diversification, shift in dietary preferences, globalization and trade dynamics.. Major trends in the forecast period include health and wellness trends, diverse applications, clean label products, innovation in flavors and varieties, sustainability and sourcing practices..

Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=10451&type=smp

Malt Extracts And Ingredients Market Major Segments
The malt extracts and ingredients market covered in this report is segmented -

1) By Product: Extracts, Ingredients
2) By Source: Barley, Wheat, Rye and Rice, Oats, Sorghum, Millets, Corn
3) By Form: Dry, Liquid
4) By Product Type: Diastatic, Non-Diastatic, Brewery-Grade
5) By Application: Beverages, Food, Pharmaceuticals, Other Applications

Key Driver - The Surging Demand For Malt Extracts And Ingredients In The Craft Beer Boom

The growing popularity of craft beer is expected to propel the growth of the malt extracts and ingredients market going forward. 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. For instance, in 2022, according to the Brewers Association, a US-based trade group and national organization that represents the interests of small and independent craft brewers in America, retail sales of craft beer climbed by 5% from 2021 to $28.4 billion. Craft beer accounted for around 24.6% of the total beer market. The number of craft brewers in the United States has increased by 3.7% from 9,210 in 2021 to 9,552. As a result, the growing popularity of craft beer is driving the growth malt extracts and ingredients market.

Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=10451&type=smp

Prominent Trend - The Impact Of Product Innovations On Malt Extracts And Ingredients

Product innovations are a key trend gaining popularity in the malt extracts and ingredients market. Major companies operating in the market are introducing innovative products to sustain their position in the market. For instance, in May 2021, International Molasses, a leading US-based supplier of molasses and natural sweeteners, unveiled CaneRite Panela, a natural, free-flowing powder sweetener crafted from the freshly squeezed juice of the entire sugar cane plant; distinct from traditional raw sugar products, CaneRite Panela remains unrefined and non-centrifuged, preserving the authentic flavor and nutritional benefits of the entire cane plant, characterized by subtle toffee and caramel notes, offering a sweet but not overly sweet taste, and boasting an impressive nutritional profile with five times the vitamins and minerals of raw sugar.

Malt Extracts And Ingredients Market Players
Major companies operating in the malt extracts and ingredients market report are Muntons plc, Viking Malt AB, Diastatische Producten 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., United Malt Group Limited, GrainCorp Limited, Axéréal Group, Soufflet Group, Crisp Malting Group Limited, IREKS GmbH, Simpsons Malt Ltd., Cargill Incorporated, Briess Malt & Ingredients Co., Weyermann Malting Company, Thomas Fawcett & Sons Ltd., Mouterij Dingemans, Castle Malting SA, Bestmalz, Global Malt GmbH & Co. KG

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/malt-extracts-and-ingredients-global-market-report

Largest And Fastest Growing Region In The Market
Europe was the largest region in the malt extracts and ingredients market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global malt extracts and ingredients market duirng the forecast period. The regions covered in the malt extracts and ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Malt Extracts And Ingredients Market Report Structure
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
…..
27. Malt Extracts And Ingredients Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.