Global Barley Malt Extracts Market – Industry Trends and Forecast to 2030

Global Barley Malt Extracts Market, By Source (Conventional, Organic), Form (Liquid, Powder), Product Type (Light Extracts, Ambe Extracts, Dark Extracts), Grade (Standard Malt, Specialty Malt), Application (Food, Beverages, Pharmaceuticals, Other) – Industry Trends and Forecast to 2030.

Barley Malt Extracts Market Analysis and Size  

The growing popularity of natural sweeteners is expected to fuel the global barley malt extracts market in the coming years. Furthermore, rising awareness of healthy dietary habits, as well as aggressive expansion measures by manufacturers, are expected to positively influence the global barley malt extracts market.

Data Bridge Market Research analyses that the global barley malt extracts market was valued at USD 465.10 million and is expected to reach the value of USD 829.49 million by 2030, at a CAGR of 7.5% during the forecast period of 2023 to 2030. “Organic segment” dominates the source segment of the global barley malt extracts market part owing to its use in the production of high-quality fabrics and its ability to blend with other materials in order to enhance wrinkle-free and stain-resistant qualities. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Barley Malt Extracts Market Scope and Segmentation

Market Definition

Barley malt extract is a pale-dark coloured natural sweetener derived from malted barley that is used in a variety of products due to its flavour and use as honey or sugar in a variety of recipes. To obtain a liquid, malted barley is first smashed and then strained. Evaporation is then applied to this liquid, resulting in a pale-dark coloured syrupy liquid known as barley malt extract.

Global Barley Malt Extracts Market Dynamics

Drivers

• Expansion and Innovation in Alcohol Industry

The key drivers associated with alcohol consumption among this age group are expected to be developmental transitions such as puberty and increasing independence. Furthermore, changing taste and preference patterns have resulted in an increase in demand for low alcohol content beverages, such as beer. Furthermore, the growing number of female drinkers around the world is increasing demand for alcoholic beverages and, as a result, the growth of the global malt extracts market.

• Barley as a Healthy Substitute in Food Industry

Barley malt extracts are minimally processed, clean-label ingredients that offer the ideal balance in bakery foods. They not only add colour and flavour to the bread, but they also contain antioxidants, essential amino acids, vitamins, and minerals. Furthermore, barley malt extracts derivative can be used as a sugar substitute in bakery foods, allowing them to be labelled as sugar-free. Rapidly rising population, changing food consumption habits, rising demand for go-to foods, and rising socialisation are expected to be key drivers for the bakery industry, contributing significantly to the malt industry.

Opportunity

• Emergence of Innovative Food Products

Factors influencing the barley malt extract market include increased awareness of the health benefits of barley-based foods and beverages, rapid urbanisation in developing countries, and changes in consumer preferences and lifestyle. Furthermore, the emergence of new food and beverage-related markets, an increase in demand for organic malt ingredients and extracts, and the growing popularity of craft beer provide market participants with profitable opportunities.

Restraint/Challenge

• Price Fluctuations

The fluctuation of the beer market and the quality of barley due to weather conditions, on the other hand, are factors that are expected to impede market growth. Pricing pressure on manufacturers due to distribution network complications and the supply of counterfeit malt and equipment are factors that are expected to challenge the global barley malt extracts market.

Recent Developments

• In February 2020, BSG announced a partnership with Leopold Bros. (US) to distribute a new line of small-batch, handmade malts. It will be able to enter the emerging craft brewing and handmade beer markets as a result of this
• In March 2019, Groupe Soufflet opened a malt house in Addis Abeba, Ethiopia. It aims to develop a local industry capable of increasing production capacity to 110,000 tonnes

Global Barley Malt Extracts Market Scope

The global barley malt extracts and ingredients market is segmented on the basis of source, form, product type, grade and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Source

• Conventional
• Organic

Product type

• Light Extracts
• Ambe Extracts
• Dark Extracts

 Application

• Chemical Process Beverages
• Alcoholic
• Non-Alcoholic Beverages
• Food
• Pharmaceuticals
• Others
• Personal Care Products
• Pet Food

Form

• Powder
• Liquid

Grade

• Carpets and Rugs, Standard Malt
• Crystal
• Roasted
• Dark
• Specially Kilned Malt
• Speciality Malt
• Others

Global Barley Malt Extracts Market Regional Analysis/Insights

The global barley malt extracts market is analysed and market size insights and trends are provided by country, source, form, product type, grade and application as referenced above.

The countries covered in the global barley malt extracts market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

North America leads the global barley malt extracts market due to high beer and whiskey consumption and the presence of high disposable income. The region is home to all of the major industry players, making it a hub for the global barley market.

Asia Pacific, led by China, South Korea, India, and Australia, is experiencing faster growth and is expected to lead the barley market over the forecast period 2023 to 2030 key. China is one of the world's largest beer consumers, despite having a small local product production relative to demand. India is expected to grow rapidly, making it one of the fastest growing barley markets. Globalization and rising per capita income contribute to the critical expansion of alcohol production.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Barley Malt Extracts Market Share Analysis

The global barley malt extracts market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global barley malt extracts market.

Some of the major players operating in the global barley malt extracts market are:

• GrainCorp (Australia)
• Malteurop (France)
• Rahr Corporation (U.S.)
• Boortmalt (Belgium)
• Groupe Soufflet (France)
• Maltproducts (U.S.)
• Holland Malt (Netherlands)
• Maltexco (Chile)
• Barmalt (India)
• IREKS (Germany)
• Muntons PLC (U.S.)
• Simpsons (U.K.)
• Viking Malt (Finland)
• Agraria (Argentina)
• Puremalt (Scotland)
• Cerex (Netherlands)
• EDME Ltd. (U.K.)
• Imperial Malt (India)
• Diastatische Producten (Netherlands)
• Laihian Mallas (Finland)