Global Malt and Malt Extracts Market Size By Type (Liquid Malt Extract, Dry Malt Extract), By Application (Bakery, Confectionary), By Geographic Scope And Forecast

Malt and Malt Extracts Market Size And Forecast

Malt and Malt Extracts Market size was valued at USD 27.03 Billion in 2021 and is projected to reach USD 37.49 Billion by 2030, growing at a CAGR of 3.70% from 2023 to 2030.

Growing demands for and increasing awareness regarding the nutritious benefits of malt are expected to drive the market for Malt and Malt Extracts Market. The Global Malt and Malt Extracts Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Malt and Malt Extracts Market Definition

Malts are germinated cereal grains that are dried and processed after soaking them in water. The process is termed malting where the grains develop the enzymes that are further required to modify them into starch and other types of sugar. Further, these enzymes develop proteases that break the proteins down into forms that can be used in the formation of yeast.

The use of malt in the beer industry is expected to be a potential driver for the market and is growing the market at a fast rate. Its widespread use in the food industry is another impetus for the growth of this market. The use of different types of malt extracts in food products is seen as an opportunity for the Global Malt and Malt Extracts Market. The growing popularity of wine and other beverages acts as a hindrance to the growth of this market, as this would reduce the consumption of beer.

Global Malt and Malt Extracts Market Overview

Malt is like a secret weapon for the food and drink world. It's got this magical ability to create a whole symphony of flavors, colors, and textures that make our taste buds dance. And it's not just a party trick—malt is also a nutritional powerhouse. It's got natural sugars to give you a little energy boost, but it's low in fat. It's also packed with fiber, those complex carbs that keep you feeling full and satisfied, protein, and a whole bunch of vitamins. That makes it a superfood for both your body and your taste buds. As for why young people are sipping on more drinks, it's got to do with those big life changes they're going through, like puberty and becoming more independent. And let's not forget the ever-changing tastes and preferences that keep us craving new and exciting flavors. That's why low-alcohol drinks like beer are becoming more and more popular.

As more women around the globe are enjoying alcoholic drinks, the demand for malt and malt extracts has surged, fueling the growth of this market. But malt's uses go beyond adding color and flavor. It's a foundation for various industries, including health supplements and protein-enriched foods. With the rising popularity of these products, the market for malt ingredients is expected to flourish. Malt extracts are natural, minimally processed ingredients that are a perfect fit for baked goods. Not only do they enhance color and flavor, but they also pack a punch of antioxidants, essential amino acids, vitamins, and minerals.

Hey there! First off, those malt extracts made from grains are a sweet alternative for baked goods, so you can have your cake and eat it sugar-free! The bakery industry is booming like crazy because people are eating more of these convenience foods on the go, and socializing is all the rage. And guess what? That's great for the malt industry too. Speaking of healthy choices, organic products are the real dealno bad stuff like fertilizers or pesticides. People are really into them for their health benefits, plus they're good for the planet and animals. The market for organic food is on the rise, so it's a winner all around!

People are becoming more health-conscious these days, especially in big cities. This has been a major reason why the market for malt and malt extracts has been growing. More and more people want organic food and know about how nutritious malt is. That's why the market for malt and malt extracts is expected to keep growing. Even though the market is growing fast and there's a lot of room for it to grow even more, there's a big problemthe cost of raw materials is going up. The food and beverage industry uses a lot of malt, so big producers of malt are selling it to other countries. This makes the cost of raw materials go up for both importers and local businesses.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Malt and Malt Extracts Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in the global Malt and Malt Extracts Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Global Malt and Malt Extracts MarketSegmentation Analysis

The Global Malt and Malt Extracts Market is segmented on the basis of Type, Application, and Geography.

Malt and Malt Extracts Market, By Type

• Liquid Malt Extract
• Dry Malt Extract

Based on Type, the market is segmented into Liquid Malt Extract and Dry Malt Extract. Liquid malt extracts dominated the market. On the basis of Application, the Malt and Malt Extracts Market were dominated by , , Food, Pharmaceuticals & Animal Feed.

Malt and Malt Extracts Market, By Application

• Bakery
• Confectionary
• Beverages
• Food

Based on Application, the market is segmented into Bakery, Confectionary, Beverages, and Food. In terms of source, the market was dominated by Bakery. was also the fastest-growing market. On the basis of application, the market was dominated by alcoholic beverages.

Malt and Malt Extracts Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

When it comes to the global market for malt and malt extracts, the world is divided into four key regionsNorth America, Europe, Asia Pacific, and the rest of the world. Among these, the Asia Pacific region is the biggest player, with the largest share of the market. According to a study by Bank of America Merrill Lynch, India is the biggest consumer of alcoholic beverages, gulping down around 6.5 billion liters in 2020. China and Japan are also major alcohol drinkers, each consuming over a billion liters a year. The huge demand for booze and sweets in these regions is driving the booming market for malt extracts. Apart from alcohol, the rising popularity of confectioneries is also fueling the growth of this market.

Key Players

The “Global Malt and Malt Extracts Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Axereal Group, Cargill Incorporated, Graincrop Limited, Malteurop Group, Soufflet Group, Crisp Malting Group, Global Malt Gmbh & Co. Kg, Ireks Gmbh, Muntons Plc, and Simpsons Malt Ltd.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• November 8, 2022, Cargill and CARE International joined for improving sustainable agriculture for rural communities in Dak Lak, Vietnam.
• October 28, 2022, Cargill, together with its partner Naturisa S.A., reached an agreement to partner with Skyvest EC Holding S.A. to create a new joint venture that will serve Ecuadorian shrimp farmers’ increasing demand for high-quality shrimp feed. Cargill will expand its shrimp-feed production capabilities to own and operate the shrimp-feed production facility currently owned by SkyWest subsidiary Empagran—located in Guayaquil, Ecuador. The feed plant that will be operated by Cargill was built in 2018, has a production capacity of 156,000 metric tons, and employs more than 200 people.
• July 22, 2022, Cargill and Continental Grain Company acquired Sanderson Farms, Inc. by a joint venture between Cargill and Continental Grain.
• June 30, 2022, Innovafeed and Cargill extend their partnership to bring healthy novel ingredients to aquafarmers. The aquaculture industry is focused on its role in ocean stewardship and addressing the sustainability of food systems. Cargill and Innovafeed are committed to actions that identify and grow planet-friendly ingredients, find new ways to reuse by-products, and develop fish nutrition that promotes and enhances the health of farmed fish.
• June 30, 2022, Muntons Launched PlantMalt for Clean, Plant-Based Food Full of Flavour. A comprehensive range of grain malts, liquid, and powdered malt extracts specifically applied for the plant-based world, PlantMalt is a clean, sustainable range of malted ingredients to achieve flavor, texture, color, and mouthfeel getting much closer to meat-based alternatives.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.