Press release
Revving Up the Malts Market: Brewing Toward $15.09 Billion by 2029 With Consumers' Shift Toward Craft Beers and Changing Dietary Habits
Malts Market Share
What Is The Projected Market Size Of The Global Malts Market And Its Growth Rate?
• The malts market is expected to rise from $10.1 billion in 2024 to $11.01 billion in 2025, growing at a compound annual growth rate (CAGR) of 9.0%.
• This robust growth is linked to the craft brewing renaissance, beer industry growth, a shift in consumer preferences towards specialty and craft beers, changing dietary habits, and the globalization of the beer market.
• The market will further rally to $15.09 billion in 2029, with a compound annual growth rate (CAGR) of 8.2%, driven by factors like the rise in home brewing, health and wellness trends, sustainable and organic brewing practices, premiumization and specialty malt varieties, emergence of non-alcoholic and low-alcohol beverages.
What Is Driving The Growth In The Malts Market?
Increasing beer consumption is set to accelerate the malts market. Considered a staple ingredient for craft beer, malt is a grain meticulously processed for brewing. With beer consumption on the uptick globally, it's natural for the malts market size to expand. According to a report by Japan-based Kirin Holdings Company Limited, global beer consumption escalated by roughly 5.4 million kiloliters in 2022. This increase equates to approximately 8.5 billion 633ml bottles more than in the previous year, indicating the significant role of beer consumption in driving the malts market growth.
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Who Are the Key Players Driving Malts Market Growth?
• Crisp Malting Group Ltd.
• Muntons Malt Plc
• Malteurop Group
• Cargill Inc.
• GrainCorp Malt
• Boortmalt
• Heineken N.V.
• Rahr Corporation
• Malt Products Corporation
• Simpsons Malt Ltd.
• Viking Malt Group
• Pure Malt Products Ltd.
• Imperial Malts Ltd.
• Diastatische Producten BV
• Briess Malt & Ingredients Co.
• IREKS GmbH
• Weyermann Specialty Malts
• Bairds Malt Limited
• Great Western Malting Co.
• Soufflet Group
• Axereal Group
• Thomas Fawcett & Sons Ltd.
What Are The Key Trends In The Malts Market?
• Rising demand for organic and non-GMO malts
• Innovation in malting techniques
• Focus on single-origin and terroir-influenced malts
• Collaborations in malt development
• Diversification beyond brewing
What Are The Segments Of The Global Malts Market?
• By Type: Liquid Extract, Dry Extract, Malt Flour
• By Source: Barley, Wheat, Rye
• By Distribution Channel: Online, Offline
• By Application: Beer Industry, Whisky Distilleries, Food And Beverages, Pharmaceutical
Which Region Leads The Malts Market?
Asia-Pacific was the largest region in the malts market in 2024, with growth spurred on by the regions of Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Malts Market Global Market Report?
- Market Size Analysis: Analyze the Malts Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Malts Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Malts Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Malts Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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