Malt is the leftover of cereal grains that are allowed to dry and then germinate. Generally, barley grain is used as 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 food and beverages industry. Malt ingredients help to enhance the flavor and texture of various foods 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.
The malt ingredients market is primarily driven by rising demand from food & beverage industry across the globe. Increasing demand for dairy products and beer is also expected to fuel the demand for malt ingredient during the years to come. However, seasonal variations and availability of good quality cereal grains are likely to limit the growth of the global ingredients market. Nonetheless, emerging market for malt ingredients is expected to open the new opportunities during near future.
In order to give the users of this report a comprehensive view on the malt ingredients market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the malt ingredients market has also been included. The study encompasses a market attractiveness analysis, wherein product segments and application segments are benchmarked based on their market size, growth rate, and general attractiveness.
The global malt ingredients market is segmented on the basis of source, applications, and region. The source segmentation covered under this study includes barley, wheat and rye malt. The major application segment covered under this study includes 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 2016 to 2021.
Based on regional segmentation, the study covers the diverse region 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 U.S., Germany, France, 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 leading regional market for malt ingredients market in 2015. Furthermore, Europe is expected to continue the dominance over the malt ingredient market throughout the forecast period due to growing rate of packaged food consumption in the region. In addition, Asia Pacific is a fastest growing regional market for malt ingredients owing to growing demand for non-alcoholic and alcoholic drinks. The Middle East & Africa is also another promising market for malt ingredients in near future.
Some of the major players of global malt ingredients market includes Axereal, Ireks GmbH, Cargill Incorporated, Muntons PLC, Crisp Malting Group, Malteurop Group, and Simpsons Malt Ltd.
The report segments the global malt ingredients market into:
Malt Ingredients Market: Source Segment Analysis
- Barley malt
- Wheat malt
- Rye malt
Malt Ingredients Market: Application Segment Analysis
- Food industry
- Alcoholic beverages
- Non-alcoholic beverages
- Pharmaceutical industry (supplements)
Malt Ingredients Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East & Africa