Global Malt Ingredient Market: Overview
Malt is commercially recognized as the most important ingredient for beer manufacturing, which is generated from dried roots of cereals. The malting of grains grows essential enzymes for the adaptation of starch into sugars, which helps in the fermentation procedure in distillery and brewery industries. On the other hand, malt is commonly used in other food commodities such as dairy products, flavors, snacks, and so on.
Global Malt Ingredient Market: Growth Factors
Malt is generally utilized in beer production, food industry, whiskey distilleries, beverages, and pharmaceutical sector. The beer industry is the major consumer of malt and is accountable for the major malt generated. Malt products are gradually being utilized in food products. This would certainly boost the development of malt ingredient market. The increasing demand for malt ingredients in the food division owing to the increase in customer preference for convenience and packaged foods are anticipated to have an optimistic impact on the global malt ingredient market in the future. Also, growing health-consciousness has actually resulted in customers staying away from food items that have artificial and chemical elements, thus positively increasing the demand for malt ingredients in the coming future. The global malt ingredient market has also witnessed numerous trends which are somehow influencing its expansion –vast demand for dark malt, product innovation, offering additive free items, increasing several breweries in different developing regions such as China and India, rising usage of convenience and processed foods, increasing gluten-free food products preferences, huge demand for malt-based dairy products and malt-based beverages, and huge demand for clean label food products will certainly boost the market growth.
Global Malt Ingredient Market: Segmentation
The global malt ingredient market can be segmented based on product type, source, application, and grade. Based on product type, the malt ingredient market is classified as malt flour, liquid malt, dry malt, and others. Based on the source, the market is divided into wheat, barley, and others. Based on application, the market is categorized into biscuits, bread, cakes & pastries, pizza, cookies, brownie, doughnuts, and others. Based on grade, the malt ingredient market is bifurcated into specialty and standard.
Global Malt Ingredient Market: Regional Analysis
Europe and North America are anticipated to dominate the malt ingredient market with their immense production of malt products and brewery. Europe is expected to grow at a major share in the future. The European malt ingredient market is anticipated to get dominated by different small-scale industries, thus positively affecting the market growth. Asia Pacific is projected to grow at a rapid rate, owing to the increased beer consumption in China. Australia and China are expected to hold a dominant position in Asia Pacific, due to which a huge demand is created for the import of malt ingredients. As barley malt is mostly preferred for alcoholic drinks due to its quality it is considered as the most important driving aspect in developing nations.
Global Malt Ingredient Market: Competitive Players
Some of the most important companies in the global malt ingredient market are, Cargill, Ireks GmbH., Dohler GmbH., Axereal (BOORTMALT NV), Shun Taimai bud Group Co., Ltd., The Soufflet Group, Vivescia Industries SCA, Grain Corp. Ltd., Holland Malt B.V., Malteries Soufflet SAS, Chunlei Malt Group Company, and Cooperativa Agraria Agroindustrial, among others.
Global Malt Ingredient Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- The UK
- France
- Germany
- The Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
What Reports Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.
