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Malt Extracts and Ingredients Market – Future Trends & Scenario

(Food-Beverage-News.Com, January 13, 2022 ) The global malt extracts and ingredients market size is projected to reach USD 20.4 billion by 2025, from USD 17.6 billion in 2020, recording a CAGR of 3.0% during the forecast period. The increasing production of craft beer, along with the adoption of malt-based food, is projected to drive industry growth during the forecast period.

Key Market Players:

Many domestic and global players provide malt extracts and ingredients of various types across the world. Major manufacturers have their presence in the North American and European countries. The key companies in the malt extracts and ingredients market are Groupe Soufflet (France), Muntons PLC (US), Viking Malt (Finland), Diastatische Producten (Netherlands), Laihian Mallas (Finland), Rahr corporations (US), Graincorp Limited (Australia), Malteurop Group (France), Maltexco (Chile), Malt products (US), Holland Malt (Netherlands), and Boortmalt (Belgium).

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Europe is projected to witness the highest growth in the malt extracts and ingredients market during the forecast period

Europe’s growth is attributed to the increasing awareness of people about healthy dietary habits. The key factors driving growth in the European region are the increase in the consumption of beer and the rise in craft breweries. These factors have led to a surge in demand for malt ingredients in the region. In addition, the different uses of malts in the food and non-alcoholic beverage industries is a key factor that is projected to drive the growth of the malt extracts and ingredients market. Established and local players have the opportunity to capitalize on the growth potential in the malt extracts and ingredients market. Malt is a primary ingredient used in breweries. However, since the past few years, an increase in the awareness pertaining to the health benefits of malts and their use in various food and beverage applications has increased. These factors have opened various opportunities for this region in the malt extracts and ingredients market.

The ingredients segment, by product, is projected to dominate the malt extracts and ingredients market due to their increasing use in beer production

Malt ingredients are mainly used for beer production. They are also preferred for the production of whiskey. Thus, the increase in the consumption of alcohol is expected to the market for malt ingredients during the forecast period. Ingredients are also available in both powdered and flaked forms. The high shelf life of powdered ingredients is also a driving factor, as manufacturers find them easy to distribute in remote areas. Furthermore, the rising popularity of various artisanal and craft beers is further propelling market growth.

Demand for specialty malt, by grade, to remain high during the forecast period

The market for specialty malt is projected to grow at the highest CAGR during the forecast period. This is owing to the high preference of specialty malt for food, pharmaceutical, pet food, and personal care products applications. There is a variety of standard malts in the market; these include crystal, roasted, dark, and specially kilned.

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The barley segment is projected to dominate the malt extracts and ingredients market, owing to its high adoption for beer production

Barley, as a source of malt extracts and ingredients, dominates the market, owing to its high preference for beer production. Barley is one of the most popular and traditional sources for malt ingredients due to its high protein content and ease of malting. This is due to the extensive use of barley in the beer industry and the rising awareness of consumers about the health benefits of barley-based beverages.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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