Emerging Sub-Segments Transforming the Malts Market Landscape

The malts industry is set for significant expansion over the coming years as it adapts to evolving consumer preferences and industry innovations. This sector is benefiting from a variety of growth drivers, including the rise of craft brewing and distilling, alongside expanding uses for malt in food products. Let's explore the market's size, key players, trends, and the segments shaping its future.

Strong Growth Forecast for the Malts Market by 2030
The malts market is projected to reach $14.69 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.6%. This upward trajectory is fueled by several factors: the increasing popularity of craft brewing and distilling, a surge in demand for premium malt ingredients, the growing incorporation of malt into functional foods, and investments aimed at sustainable grain sourcing. Additionally, digital advancements in malt production processes are streamlining operations. Anticipated trends include rising interest in specialty and craft malts, wider adoption of eco-friendly malting methods, expanding malt applications beyond traditional brewing, a sharper focus on quality and consistency, and improved traceability within malt supply chains.

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Key Players Dominating the Malts Market
A number of prominent companies lead the malts market, including Crisp Malting Group Ltd., Muntons Malt Plc, Malteurop Group, Cargill Inc., GrainCorp Malt, Boortmalt, 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, and Thomas Fawcett & Sons Ltd. In a significant development in November 2023, France-based Malteries Soufflet acquired United Malt Group Ltd. for $1.5 billion. This strategic move is designed to create a leading global platform by combining the strengths and assets of both companies, expanding their global reach and operational capacity. United Malt Group is a US-based malt manufacturer.

Driving Growth Through Strategic Partnerships and Innovation
Leading malts companies are increasingly entering into strategic partnerships to broaden their product portfolios and capitalize on combined expertise. Strategic partnerships allow firms to pool resources and capabilities for mutual benefit and market advancement. For instance, in August 2023, Voyager Craft Malt, a small Australian independent malthouse, teamed up with Cryer Malt, a supplier of brewing ingredients, to introduce Dexter Malt. This malt is crafted from fully certified sustainable Australian barley and offers a light caramel flavor profile that enhances brewing and distilling. Produced in small batches at Voyager Craft Malt's facility in Whitton, New South Wales, Dexter Malt exemplifies a blend of artisanal production and extensive brewing knowledge, emphasizing local, single-origin grains and sustainability. This collaboration highlights innovation and quality focus within the Australian malt market.

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Market Segments Reflecting the Breadth of the Malts Industry
This report breaks down the malts market into several key segments:
1) By Type: Liquid Extract, Dry Extract, Malt Flour
2) By Source: Barley, Wheat, Rye
3) By Distribution Channel: Online, Offline
4) By Application: Beer Industry, Whisky Distilleries, Food and Beverages

Further subcategories include:
- Liquid Extract: Light Liquid Malt Extract, Dark Liquid Malt Extract
- Dry Extract: Light Dry Malt Extract, Dark Dry Malt Extract
- Malt Flour: Whole Grain Malt Flour, Specialty Malt Flour

Each segment highlights the diverse applications and types of malt products catering to different industry needs, reflecting the market's complexity and evolving nature.

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This release was published on openPR.