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Malt Ingredients Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033 | Deltamalt, Cargill Malt, GrainCorp Limited, Groupe Soufflet, Duerr Malzfabrik GmbH & Co KG, Dobele Malz GmbH & Co KG, Honeywell Specialty Grains LLC, IREKS G
As per the report, 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 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%.Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=7205&type=smp
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.
Forging Alliances For Market Expansion Strategic Partnership Unveils New Avenues In The Malt Ingredients Landscape
Strategic partnerships and joint ventures are a key trend in the malt ingredients market. Companies are entering into a partnership and collaborating with malt ingredients manufacturers to leverage each other's resources and enter new markets. In July 2022, County Malt Group, a US-based manufacturer and supplier of crafted beverage ingredients partnered with AB Biotek, a UK-based AB Biotek producer of yeast and integrated fermentation solutions. Through this partnership, Country Malt Group aims to provide yeast for distilled spirits producers in the American marketplace.
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
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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
Contents of the report:
1. Executive Summary
2. Malt Ingredients Market Report Structure
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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