The Malt Ingredients Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Malt Ingredients Global Market
Report 2024, 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 growth in the historic period
can be attributed to traditional brewing practices, industrialization of
brewing, cultural and regional influences, establishment of malt houses,
historical role in distilling.
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%. The growth in the forecast period can be attributed to
shifts in consumer taste preferences, globalization and international market
expansion, functional beverage innovations, emphasis on sustainability and
organic ingredients, rise in gluten-free and specialty malt products. Major
trends in the forecast period include evolving consumer preferences, rise in craft
brewing and distilling, health and wellness concerns, innovation in brewing
techniques, expansion of beverage choices.
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.
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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
Major companies operating in the malt ingredients market are focusing on
innovative products such as grain, liquid, and powdered malt extracts to be
employed in plant-based cuisine and to better meet the needs of their existing
consumers. Grain, liquid, and powdered malt extracts are different kinds of
concentrated malt products made from malted barley or other grains. For
instance, in September 2022, Muntons Plc, a UK-based manufacturing company of
malts and malted materials for brewing and distillation, launched PlantMalt, a
new range of grain, liquid, and powdered malt extracts that are used in
plant-based cuisine to create a higher-quality meat alternative. PlantMalt was
created to assist producers in achieving succulent flavors, texture, color, and
mouthfeel in meat replacements. Muntons' considerable expertise in malts was
combined with that of alternative protein specialists to produce the PlantMalt
range. Muntons' grains are soaked, sprouted, kilned, and finally meticulously
processed to produce a plant-based, clean-label, GMO-free product.
The malt ingredients market report table of contents includes:
1. Executive Summary
2. Malt Ingredients Market
Characteristics
3. Malt Ingredients Market
Trends And Strategies
4. Malt Ingredients Market -
Macro Economic Scenario
5. Global Malt Ingredients
Market Size and Growth
.
32. Global Malt Ingredients Market Competitive Benchmarking
33. Global Malt Ingredients
Market Competitive Dashboard
34. Key Mergers And
Acquisitions In The Malt Ingredients Market
35. Malt Ingredients Market
Future Outlook and Potential Analysis
36. Appendix
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