Malt Ingredients Market size is estimated to reach $25.87bn by 2025, growing at a CAGR of 5.24% during the forecast period 2020-2025. Malt is also known as germinated cereal grain formed by malting. It is a process in Malt Ingredients Marketwhich cereal grains are allowed to dry and then germinate. In this process, the starch present in ingredients is converted to sugars such as glucose, fructose, maltodextrine, maltose and others. These ingredients are used to prepare different drinks and confectionary. Food and beverage market have increased the usage of malt and malt ingredients owing to the health and nutritional benefits from them. This is set to drive the market in the near future.
Key Takeaways
- Geographically, Europe’s Malt Ingredients market accounted for the highest revenue share in 2019 and it is poised to dominate during the forecast period 2020-2025 owing to the high demand of whisky and beer products.
- Malt Ingredients based on application has beverage segment leading the market share in 2019.
- Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Malt Ingredients Market report.
- Concerns regarding the regulations related to imports act as challenge to hamper the growth for the forecast period 2020-2025.
By Source - Segment Analysis
The global Malt Ingredients Market based on Flavor has barley, maize, wheat, rye and others. The barley segment registers for the highest market share in 2019 and is set to continue for the forecast period (2020-2025). Barley has numerous health benefits, vitamins and minerals and used largely in alcohol production owing to its high starch content. Barley malt is primary ingredient and extensively used in beer and whiskey, which is set to help in growth of market globally. Besides, usage of barley is increasing in bakery and confectionery products owing to the increase in awareness of health benefits from it.
By Application - Segment Analysis
The Application segment of Malt Ingredients Market has food industry, beverages, Pharmaceutical industry and others. The beverage segments registers for the highest market share in 2019 and is set to continue for the forecast period (2020-2025). Beverage segment is growing with the help of beer industry; malt is an essential component in the beer industry. It provides carbohydrates and sugar, which give beer its distinctive flavor and alcohol content. Besides, other alcoholic beverages, such as whiskey and others too have malt as their base ingredient. Owing to this factor, the beverages segment is poised to account for the largest market share during the forecast period 2020-2025.
By Geography - Segment Analysis
The global Malt Ingredients Market by geography had the dominant share in Europe, in terms of revenue in 2019. Europe holds largest market share in different Malt Ingredients market. This region is dominant owing to the presence of a large number of breweries in countries including Germany, Spain, U.K., France, Italy and others. The market in Asia-Pacific is set to register highest CAGR owing to the increase in the manufacturers in the region, and increase in disposable income of the consumers in this region. In Asia-Pacific, manufacturers are focusing on flavors, which is set to act as a driver for the growth of market.
Drivers – Malt Ingredients Market
- Rising Demand For Healthy And Nutritious Food
The demand for Malt Ingredients is increasing owing to the change in lifestyles and the demand for healthy and nutritious food by consumers mostly in emerging countries, like China, India and other countries. Besides, the usage of malt ingredients in bakery and confectionery products to impart color and flavor is set to drive the market in the forecast period 2020-2025.
Challenges – Malt Ingredients Market
- Stringent Regulations and Seasonality
Production of malt is highly dependent on season and create hinder in demand owing to difference in production based on seasons. Besides, owing to the presence of stringent government regulations, the import of malt and malt products are affected and this is set to become a challenge for the growth of market for the forecast period 2020-2025.
Malt Ingredients Industry outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Malt Ingredients Market. Key companies of this market are GrainCorp, Malteurop, Rahr Corporation, Boortmalt, Groupe Soufflet, Maltproducts, Holland Malt, Maltexco, Barmalt, IREKS, Muntons PLC, Simpsons, Viking Malt, Agraria, Puremalt, Cerex, EDME Ltd., Imperial Malt, Diastatische Producten, and Laihian Mallas.
Acquisitions/Product Launches:
- In February 2020, BSG entered into a partnership with Leopold Bros. (US) to distribute a new line of small-batch, handmade malts. Through this, it can enter into the emerging craft brewing and handmade beer markets.
- In November 2019, Axereal acquired the malt business of Cargill on behalf of its subsidiary, Boortmalt.
- In September 2019, Malteurop constructed a new malthouse facility in Meoqui, Chihuahua, North of Mexico, which will be functional by 2021.
