Global Malt Extracts and Ingredients Market – Industry Trends and Forecast to 2029

Global Malt Extracts and Ingredients Market, By Product (Extracts and Ingredients), Source (Barley, Wheat, Rye And Rice, Oats, Sorghum, Millets and Corn), Grade (Standard Malt and Speciality Malt), Application (Beverages, Food and Pharmaceuticals), Form (Dry and Liquid) – Industry Trends and Forecast to 2029.

Malt Extracts and Ingredients Market Analysis and Size

Malt ingredients are used in a variety of industries, including food and beverage, pharmaceutical, personal care, and others. This is due to its numerous health benefits, such as cholesterol control, heart disease prevention, increased insulin activity, and so on.

Data Bridge Market Research analyses that the malt extracts and ingredients market was valued at USD 18.30 billion and is expected to reach the value of USD 25.04 billion by 2029, at a CAGR of 4.00% during the forecast period. 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.

Malt Extracts and Ingredients Market Scope and Segmentation

Market Definition

Malts are germinated cereal grains that have been dried and processed after being soaked in water. The process is known as malting, and it involves the development of enzymes in grains that are then used to modify them into starch and other types of sugar. Furthermore, these enzymes produce proteases, which degrade proteins into forms that can be used in yeast formation. Malts are commonly used in the production of beer, whisky, vinegar, and other confectionery and bakery items.

Malt Extracts and Ingredients Market Dynamics

Drivers.

• Rising demand for malt extract from food and beverage industry

The growing demand for malt extracts and ingredients in the food and beverage industries is propelling market expansion. Malt ingredients, on the other hand, help to improve the texture and flavour of a wide range of foods. These ingredients are mostly used to make beverages such as Maltesers, beer, whiskey, malted shakes, malt vinegar, whoppers, and rich tea biscuits.

• Rising awareness of the health benefits of malt-based foods and beverages

The product is widely used in the production of alcoholic beverages such as beer and whiskey, the demand for malt extract rises as the alcoholic beverage industry expands. Furthermore, rising awareness of the health benefits of malt-based foods and beverages, rapid urbanisation in developing countries, and changes in consumer preferences and lifestyle are all factors influencing the malt extracts and ingredients market

Opportunity

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 all contribute to the expansion of profitable opportunities.

Restraints

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 malt extracts and ingredients market.

This malt extracts and ingredients market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the malt extracts and ingredients market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Malt Extracts and Ingredients Market

During the COVID-19 pandemic, demand for barley, an important component of the malt extract market, Malt's applications in food and beverage are not limited to flavouring or colouring. Malt is a base product or raw material used in a variety of industries, including baby food, health supplements, and protein-rich foods. The Malt ingredients market is expected to expand in tandem with the growing demand for these food items and supplements.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• BSG announced a partnership with Leopold Bros. (U.S.) in February 2020 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.
• Axereal acquired Cargill's malt business on behalf of its subsidiary, Boortmalt, in November 2019.
• Malteurop broke ground on a new malthouse facility in Meoqui, Chihuahua, Mexico, in September 2019, which will be operational by 2021.
• Groupe Soufflet opened a malt house in Addis Abeba, Ethiopia, in March 2019. It aims to develop a local industry capable of increasing production capacity to 110,000 tonnes.
• BSG released NZH-107, a proprietary experimental release, in December 2019. It was created in collaboration with New Zealand Hops (New Zealand), Ltd.

Global Malt Extracts and Ingredients Market Scope

The malt extracts and ingredients market is segmented on the basis of product, source, grade, application and form. 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.

Product

• Extracts
• Ingredients

Source

• Barley
• Wheat
• Rye and Rice
• Oats
• Sorghum
• Millets
• Corn

Grade

• Standard malt
• Speciality malt

Application

• Beverages
• Food
• Pharmaceuticals

Form

• Dry
• Liquid

Malt Extracts and Ingredients Market Regional Analysis/Insights

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

The countries covered in the malt extracts and ingredients 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).

Europe is expected to dominate the malt extracts and ingredients market due to the highest growth, rising consumer awareness of healthy eating habits, increased beer consumption, and the rise of craft breweries.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact 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 Malt Extracts and Ingredients Market Share Analysis

The malt extracts and ingredients 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 malt extracts and ingredients market.

Some of the major players operating in the malt extracts and ingredients 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. (England)
• Imperial Malt (India)
• Diastatische Producten (Netherlands)
• Laihian Mallas (Finland)