Global Malt Extracts And Ingredients Market Size By Product Type, By Application, By Form, By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Global Malt Extracts And Ingredients Market Size By Product Type, By Application, By Form, By Geographic Scope And Forecast

Malt Extracts And Ingredients Market Size And Forecast

Malt Extracts And Ingredients Market size was valued at USD 21.77 Billion in 2024 and is projected to reach USD 33.67 Billion by 2031, growing at a CAGR of 5.60% from 2024 to 2031.

Global Malt Extracts And Ingredients Market Drivers

The market drivers for the Malt Extracts And Ingredients Market can be influenced by various factors. These may include

  • Growing Consumer Demand For Natural Ingredients Natural and organic products are becoming more and more in demand. Due to its natural flavourings and sweeteners, malt extracts are in high demand for a variety of food and beverage products.
  • Growth Of The Brewing Industry A key component in the making of beer are malt extracts. The demand for malt extracts is rising dramatically as craft beers and microbreweries gain popularity.
  • Trends In Health And Wellness Malt extracts are common in health foods since they are a good source of important vitamins and minerals. Malt extracts are becoming more and more popular in morning cereals, nutritious bars, and other health-conscious items as people adopt better eating habits.
  • Growing Market For Non-Alcoholic Malt Beverages Malt beverages are becoming more and more popular, particularly in areas like the Middle East and Africa where alcohol usage is either banned or less common. The demand for malt ingredients is growing as a result of this trend.
  • Growing Bakery Industry To improve flavour, texture, and shelf life, malt extracts are frequently utilised in bakery goods. The need for malt extracts is being driven by the global baking industry’s consistent rise.
  • Growth Of The Functional Food And Beverage Market Malt extracts are being utilised more frequently for their natural sweetening qualities and nutritional benefits as consumers become more aware of the advantages of functional foods and beverages that provide added health benefits.
  • Technological Advancements The efficiency and quality of malt production are being enhanced by developments in technologies related to malt extraction and processing. Because of this, producers are finding malt extracts more enticing, which is accelerating market expansion.
  • Growing Disposable Incomes As disposable incomes rise in emerging nations, there is a corresponding rise in the consumption of upscale and health-conscious food and drink items, many of which contain malt extracts.
  • Shifting Lifestyle Patterns The need for quick-to-eat food products is increasing due to urbanisation and hectic lives. Malt extracts profit from this development because they are utilised in many processed goods.
  • Trends In Sustainable And Ethical Sourcing As consumers’ awareness of sustainability and ethical sourcing grows, malt extracts—which are frequently made from barley—are seen as sustainable and ecologically beneficial, appealing to consumers who care about the environment.

Global Malt Extracts And Ingredients Market Restraints

Several factors can act as restraints or challenges for the Malt Extracts And Ingredients Market. These may include

  • Variable Raw Material Prices A variety of factors, including global supply and demand dynamics, agricultural policies, and weather patterns, can affect the price of barley and other grains used in the production of malt. The cost structure and profitability of producers of malt extract and ingredients may be impacted by this price volatility.
  • Availability Of Substitutes The demand for malt extracts may be constrained by the availability of substitute components and extracts, such as corn syrup, rice syrup, and other sweeteners. Manufacturers of food and beverages may choose to use these alternatives because of budgetary constraints or limitations related to product development.
  • Regulatory Obstacles Strict guidelines pertaining to food safety and quality apply to the malt extracts and additives sector. Adherence to these laws may result in elevated operational expenses and intricacy. Market players may face difficulties as a result of any regulatory changes, particularly in important markets.
  • Health Concerns Low-sugar and low-calorie goods are becoming more popular as consumers’ knowledge of health and wellness grows. Given that malt extracts are naturally sweet, there may be a perception problem that influences demand, particularly in regions where consumers prioritise health.
  • Supply Chain Interruptions A healthy supply chain, from grain production to processing and delivery, is essential to the malt extract industry’s operations. Natural disasters, geopolitical unrest, or logistical difficulties can all produce disruptions that affect the availability and cost of malt extracts.
  • Seasonal Variations There are seasonal differences in the production and use of malt extracts. For instance, there may be seasonal variations in the demand for particular malt-based products, such as during festivals and vacations. This could cause changes in the dynamics of the market.
  • Customer Preferences The market may be impacted by shifting consumer trends and preferences. For example, the market for malt extracts made from barley and other gluten-containing grains may suffer from a shift towards gluten-free products.
  • Technological Developments In Food components Conventional malt extracts may be replaced by newly developed food components and processing techniques. Food science advancements may yield novel components that surpass malt extracts in terms of affordability, usefulness, or health advantages.
  • Economic Downturns Consumer expenditure on luxuries, such as high-end food and beverage goods made with malt extracts, may be curtailed by economic instability and downturns. This may result in lower demand and have an effect on market expansion.

Global Malt Extracts And Ingredients MarketSegmentation Analysis

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

Malt Extracts And Ingredients Market, By Product Type

  • Extracts
  • Ingredients

When we look at the Product, the market kind of splits into two main areasExtract and Ingredients. We're expecting the malt extract part to grow pretty quickly over the next few years, because it's made up of things like malt extracts and other malt goodies. Think of it like thisyou take different malt ingredients and process them to create malt extracts – basically, sweeteners that come from malt. Now, these malt components are super versatile and used to create all sorts of malt extracts, including some really special ones. And these specialty malt extracts? They're the champions when it comes to boosting the flavor of drinks, and they don't mess with the enzymatic activity too much.

Malt Extracts And Ingredients Market, By Application

  • Beverage
  • Food
  • Pharmaceuticals

Based on Application, the market is bifurcated into Beverage, Food, and Pharmaceuticals. In the upcoming years, the market is anticipated to be dominated by the beverage segment. Alcoholic and non-alcoholic beverages are frequently made using malt extracts and additives. the process of making beer with malt extracts and components has a certain ratio of carbs and sugar, which is very useful for adding textures, aromas, and colors to the many different kinds of beers produced across the world.

Malt Extracts And Ingredients Market, By Form

  • Dry
  • Liquid

Based on Form, the market is bifurcated into Dry and Liquid. Due to its wide range of applications, the dry-form market segment is anticipated to have the largest market share. Malt flour’s natural enzyme content and its use in bread goods will accelerate this market’s expansion. The natural enzymes included in the malt flour used in bakery goods are highly concentrated and contribute to the product’s superior quality.

Malt Extracts And Ingredients Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

On the basis of a Regional Analysis, the Global Malt Extracts And Ingredients Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The demand for malt extracts and components is anticipated to rise in the European region as a result of an increase in the number of craft breweries. The European region consumes the most beer globally compared to other regions, and this trend is predicted to continue in the years to come.

Key Players

The major players in the Malt Extracts And Ingredients Market are

  • Groupe Soufflet
  • Muntons PLC
  • Viking Malt
  • Diastatische Producten
  • Laihian Mallas
  • Rahr Corporation
  • Graincorp Limited
  • Malteurop Group
  • Maltexco
  • Malt Products
  • Holland Malt
  • Boortmalt

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Groupe Soufflet, Muntons PLC, Viking Malt, Diastatische Production, Laihian Mallas, Rahr corporations

SEGMENTS COVERED

By Product Type, By Application, By Form, and By Geography

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