Malt Ingredient Market: The Biggest Trends to Watch out for 2016-2024
Download exclusive Sample of this report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=14447
The global sales of malt ingredients for the bakery industry amounted to US$4.2 bn in 2015 and are expected to reach US$7.3 bn by the end of 2024. The sales revenue is expected to rise at a 6.6% CAGR over the course of the forecast period. The demand for malt ingredients, on the other hand, is projected to rise at a modest 4.7% CAGR.
Application-wise, Cookies Segment to Cross Billion-dollar Mark by 2024
Among the key applications, the cookies segment led the overall malt ingredient market for bakery and is estimated to cross the billion-dollar mark by the end of 2016 in terms of value. Exhibiting a 7.3% CAGR from 2016 to 2024, it is also projected to be the most rapidly expanding application segment during the forecast period. By source, the barley segment is anticipated to retain its dominance through 2024 in terms of both value and volume. It will also expand at a CAGR higher than any other source segment.
Geographically, North America is expected to present the highest value share as well as CAGR over the forecast period. This regional segment will register a 7.1% CAGR from 2016 to 2024. By revenue, dry malt is the leading product type in the malt ingredient market for bakery, while malt flour is the leading segment by volume consumption.
Obtain Report Details @ https://www.transparencymarketresearch.com/malt-ingredient-market-for-bakery.html
Efforts by Manufacturers to Produce Clean Label Products a Major Growth Driver
The growing shift in preference for natural and organic foods and the surge in awareness about the health benefits of such food products and ingredients have fueled the demand for malt ingredients in recent years, TMR finds. Malted barley extracts, for instance, replace sugar needed in bakery products. “Health conscious consumers prefer sugar-free or low-sugar variants of bakery items and this factor is anticipated to spur the demand for malt ingredients in the bakery industry in the near future as well,” the author of the study states.
Apart from this, strict government regulations pertaining to the use of food additives has compelled food manufacturers to focus on the production of clean label products by using less additives than before, with several manufacturers opting to remove them entirely from their product line. This switch to healthier ingredients for the production of various bakery items has spurred the demand for malt ingredients.
On the flip side, the shortage of grains, especially in recent years, has hampered the global market for malt ingredients in the bakery industry. “In addition to poor harvest in several malt grain producing regions around the world, the shortage of malt grains also results from the growing usage of malt ingredients in breweries and pharmaceutical industries,” the lead analyst points out.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Malt Ingredient Market: The Biggest Trends to Watch out for 2016-2024 here
News-ID: 821688 • Views: 105
More Releases from Transparency Market Research
Water Meter Market Volume Analysis, Segments, Value Share And Key Trends; 2016 - …
TMR’s report offers a complete analysis of the global Water Meter Market with an in-depth analysis of facets such as notable developments, challenges, and key trends. The report also focuses on the drivers propelling the growth of the global Water Meter Market. Browse Our Report @ https://www.transparencymarketresearch.com/water-meter-market.html The global Water Meter Market is expected to show a promising CAGR over the course of the given forecast period. With the development of its
Collaborative Robot Market – Market Data, Industry Analysis, Size, and Share; …
TMR’s report offers a complete analysis of the global Collaborative Robot Market with an in-depth analysis of facets such as notable developments, challenges, and key trends. The report also focuses on the drivers propelling the growth of the global Collaborative Robot Market. Browse Our Report @ https://www.transparencymarketresearch.com/collaborative-robots-market.html The global Collaborative Robot Market is expected to show a promising CAGR over the course of the given forecast period. With the development of its
Computer Numerical Controls (CNC) Market : Segments, Opportunity, Growth And For …
TMR’s report offers a complete analysis of the global Computer Numerical Controls (CNC) Market with an in-depth analysis of facets such as notable developments, challenges, and key trends. The report also focuses on the drivers propelling the growth of the global Computer Numerical Controls (CNC) Market. Browse Our Report @ https://www.transparencymarketresearch.com/computer-numerical-controls.html The global Computer Numerical Controls (CNC) Market is expected to show a promising CAGR over the course of the given forecast
Temperature Sensor Market Global Industry – Key Players, Size, Trends, Opportu …
TMR’s report offers a complete analysis of the global Temperature Sensor Market with an in-depth analysis of facets such as notable developments, challenges, and key trends. The report also focuses on the drivers propelling the growth of the global Temperature Sensor Market. Browse Our Report @ https://www.transparencymarketresearch.com/temperature-sensors-market.html The global Temperature Sensor Market is expected to show a promising CAGR over the course of the given forecast period. With the development of its
More Releases for TMR
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
TMR - 3D Printing Materials Market by 2020
The global 3D printing materials market will exhibit a CAGR of 18.0% between 2014 and 2020. The market was valued at US$450 mn in 2013 and is expected to reach US$1.4 bn by the end of 2020, according to a research report released by Transparency Market Research. The report titled “3D Printing Materials - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” is available for sale
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the