Malt Ingredients Market Size, Share, Analysis, Trends, Growth, 2032

Malt Ingredients Market Insights

According to Zion Market Research, the global Malt Ingredients Market was worth USD 23.64 Billion in 2023. The market is forecast to reach USD 37.63 Billion by 2032, growing at a compound annual growth rate (CAGR) of 5.3% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Malt Ingredients Market industry over the next decade.

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Global Malt Ingredients Market: Overview

Malt is the leftover cereal grains that are allowed to dry and then germinate. Generally, barley grain is used as a malt ingredient which is soaked in water and then allowed to germinate. This process is known as malting. In this process, the starch present in ingredients is converted to sugars such as glucose and fructose. The malt ingredients have large scope in the food and beverages industry. Malt ingredients help to enhance the flavor and texture of various food products. These ingredients are mainly used to prepare different drinks and confectionary such as Maltesers and whoppers, beer, whisky, malted shakes, malt vinegar, Horlicks, Ovaltine, milo, malt loaf, bagels, and rich tea biscuits.

Global Malt Ingredients Market: Growth Factors

The malt ingredients market is primarily driven by rising demand from the food & beverage industry across the globe. Increasing demand for dairy products and beer is also expected to fuel the demand for malt ingredients in the years to come. The market for convenience food is growing positively and expects to grow further, and it is likely to add to the demand for malt ingredients. Increasing health consciousness has also widened the product application scope in the food industry. Malt extracts are widely used as colorants, flavors, and additives in the manufacturing of snack bars, cookies, flakes, milk powder, and nutritional syrups. Beer as a beverage is preferred by the young population across the world, and as this aspirational class is likely to grow in the forecast period demand for malt ingredients has better prospects in the future. However, seasonal variations and availability of good quality cereal grains are likely to limit the growth of the global ingredients market. Nonetheless, the emerging market for malt ingredients is expected to open new opportunities in near future.

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Global Malt Ingredients Market: Segmentation

The global malt ingredients market is segmented on the basis of source, applications, and region.

The source segmentation covered in this study includes barley, wheat, and rye malt.

The major application segment covered in this study includes the food industry, alcoholic beverages, non-alcoholic beverages, the pharmaceutical industry (supplements), and others. Moreover, the market size and forecasts in terms of volume (kilo tons) and revenue (USD million) for the period 2016 to 2021, considering 2015 as the base year, have been provided for this segment of the report. The report also provides the compounded annual growth rate (% CAGR) for the forecast period from 2016 to 2021.

Malt Ingredients Market: Report Scope

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Global Malt Ingredients Market: Regional Analysis

Based on regional segmentation, the study covers diverse regions and countries such as North America, Latin America, the Middle East, and Africa, Asia-Pacific, and Europe. The report also includes further bifurcation into major countries including the U.S., Germany, France, the UK, China, Japan, India, and Brazil. This segmentation includes demand for malt ingredients market based on individual applications in all the regions and countries.

In terms of regions, Europe was the leading regional market for malt ingredients market in 2024. Furthermore, Europe is expected to continue its dominance over the malt ingredient market throughout the forecast period due to the growing rate of packaged food consumption in the region. In addition, Asia Pacific is the fastest growing regional market for malt ingredients owing to the growing demand for non-alcoholic and alcoholic drinks. The Middle East & Africa are also other promising markets for malt ingredients in near future.

Global Malt Ingredients Market: Competitive Players

Some of the significant players in the global sales performance management market are

• Cargill, Inc.
• Axéréal
• Crisp Malting
• Muntons PLC
• VIVESCIA Industries (Malteurop)
• Simpsons Malt
• Briess Malt & Ingredients
• GrainCorp Ltd.
• The Soufflet Group
• BSG CraftBrewing
• Politico.

The global malt ingredients market is segmented as follows:

By Application

• Distilling
• Brewing
• Beverages
  • Non-alcoholic
  • Alcoholic
• Bakery Services

By Source

• Wheat
• Barley
• Other Sources

Global Malt Ingredients Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of The Middle East & Africa