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Strong Growth Projected in Malt Extracts and Ingredients Market Globally, Reaching $26.38 Billion by 2029 at a CAGR of 5.1%
Strong Growth Projected in Malt Extracts and Ingredients Market
What Is The Projected Market Size Of The Malt Extracts And Ingredients Global Market And Its Growth Rate?
• The malt extracts and ingredients market stood at $20.5 billion in 2024 and is projected to grow to $21.65 billion in 2025 at a CAGR of 5.6%.
• This growth can be attributed to the rise in traditional brewing use, industrial and food applications, and evolving consumer preferences among other factors.
• The market is predicted to further expand to $26.38 billion in 2029, growing at a CAGR of 5.1%.
• The anticipated growth during this period can be linked to market expansion, consumer health awareness, product innovation, globalization, and trade dynamics among others.
What Is Driving The Growth In The Malt Extracts And Ingredients Global Market?
The malt extracts and ingredients market's growth is primarily being driven by the growing popularity of craft beer. Specially, craft beer made by small, independent breweries using high-quality ingredients including malt extract as a key player. For instance, in 2022, the Brewers Association reported a 5% rise in retail sales of craft beer from 2021 to $28.4 billion, accounting for around 24.6% of the total beer market. The number of craft brewers in the United States has also increased by 3.7% from 9,210 in 2021 to 9,552.
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Who Are the Key Players Driving Malt Extracts and Ingredients Global Market Growth?
Major companies operating in the malt extracts and ingredients market include:
• 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.
What Are The Key Trends In The Malt Extracts And Ingredients Global Market?
There are several emerging trends in the market:
• Health and wellness trends
• Diverse applications
• Clean label products
• Innovation in flavors and varieties
• Sustainability and sourcing practices
What Are The Segments Of The Global Malt Extracts And Ingredients Global Market?
The malt extracts and ingredients market is segmented as follows:
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
Which Region Leads The Malt Extracts And Ingredients Global Market Report?
In 2024, Europe was the largest region in the malt extracts and ingredients market. However, during the forecast period, Asia-Pacific is expected to emerge as the fastest-growing region. The report covers several regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Malt Extracts And Ingredients Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Malt Extracts And Ingredients Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Malt Extracts And Ingredients Global Market Report 2025 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 Malt Extracts And Ingredients Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Malt Extracts And Ingredients Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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