Asia Pacific Specialty Malt Enzyme Market

Asia Pacific Specialty Malt Enzyme Market Value and Growth Rate:

Asia Pacific Specialty Malt Enzyme Market was valued at USD billion XX. XX, with a CAGR of XX per cent, is expected to reach USD billion XX.XX by 2027.

Asia Pacific Specialty Malt Enzyme Market Scenario:

In Malting, the grains are caused to germinate by soaking them in water, and then their germination is stopped by drying them with hot air. Malting aids in the development of the enzymes required to convert starches to sugars in grains. Consumer demand for texturing and flavouring agents has risen over the years as it enhances the flavour of a plain dish, turning it into a scrumptious succulent. Specialty malt additives are one such additive that has important applications in the malted baking and brewing industries as a flavouring and texturing agent. The processed form of specialty grains, as well as a suitable amount of malt extracts, make up specialty malt components.

There are two types of malts: base malts and concentrated malts. Diastatic energy is used by base malts to convert their starch. In any case, claim to fame malts have less diastatic control and provide the last item with shading, body, taste, and surface. The remarkable quality and flavour of lager and beverages are due to the use of strength malt. Forte malt has a variety of uses, including improving the taste, surface, appearance, and flavour of lager and beverages. Strength malt is also available in chocolate, espresso, and caramel flavours, expanding its application areas in the food and beverage business. Grain is the primary raw material used to make claim to fame malt, however, wheat, rye, rice, and corn are also used.

Asia Pacific Specialty Malt Enzyme Market Growth:

Specialty malt components, in addition to flavouring and texture, impart a distinctive flavour to a variety of malted foods and beverages, such as soups, cookies, muffins, bread, wine, and beer. Specialty malt components are used in the food and food processing sectors all over the world because of this. They're used on a wide scale in some of the food and beverage industry's most important areas. Speciality malt products are used as a colouring and flavouring agent in alcoholic beverages. It is a key component in the brewing of beer and the production of malt-based beverages.

Asia Pacific Specialty Malt Enzyme Market Drivers:

Specialty malt is used in a variety of industries across this region. Clean label goods are becoming increasingly popular in the specialty malt sector. As a result of the numerous health benefits provided by such foods, the number of customers adopting natural and organic food items is steadily expanding. Furthermore, food manufacturers are concerned about government restrictions that limit the use of food additives. As a result, they're concentrating on producing clean-label products by reducing the use of food chemicals and boosting the use of natural flavours. Food businesses can take advantage of consumers' preference for health above product cost by adding specialty malt components to their goods. The market has risen because of this.

Modification of characteristics in food proteins and feed cost reduction are two important drives for the Specialty Malt Enzyme market. This sector will also benefit from an increase in the discovery of health values, enhanced nutritional content of poultry meals, and low allergic infant food in developing economies.

Asia Pacific Specialty Malt Enzyme Market Restraints:

The distribution network is experiencing difficulties, and raw material prices are fluctuating dramatically, creating a danger to the speciality malt enzyme market currently.

Recent Developments in the Asia Pacific Specialty Malt Enzyme Market:

GrainCorp upgraded its Arbroath facility and built a new state-of-the-art malting plant to serve the growth of the Scottish distilling industry.

Asia Pacific Specialty Malt Enzyme Market Segmentation: 

By Product Type:

• Caramelized Malt

• Roasted Malt

Under the category of malt market classified by product type, the Caramelized Malt market is the most significant section. Caramelized malt gives the beers a rich flavour. Beer consumption is increasing across this region, which is driving up demand for caramelized malt in this industry.

By Source:

• Barley

• Wheat

• Rye

• Others

According to the source, the specialty malt market is divided into four segments: barley, wheat, rye, and others. Due to the rising demand for barley-oriented speciality malt in the craft brewery industry due to its specialised flavour, the barley segment accounts for the largest proportion of the market. Furthermore, barley is readily available and abundantly grown in the APAC region.

Malt components are widely used in the Asia-Pacific market. Among these, barley malt is often utilized in alcoholic beverages. In many Asian countries, barley is the most prevalent staple food and cereal, only being outshone by wheat, corn, and rice. Households can benefit from barley malt syrup or extract as a nutritious food supplement. Barley malt extract is delicious and includes amino acids, vitamin B, and easily digestible protein. It's used as a sugar substitute in health foods and as a sweetener in tonic beverages. The combination of barley malt extract and cod liver oil can be utilized as a dietary supplement, particularly for youngsters.

By Extract:

• Dry
• Liquid

The specialised malt enzyme market can be divided into two categories according to the extract: dry and liquid. Due to an increase in beer consumption around the world and in this region, the dry malt segment has become the most dominating segment. The longer shelf life of dry malt also helps the market.

Asia Pacific Specialty Malt Enzyme Market Regional Analysis: 

The major regions fueling the growth of the Asia Pacific specialty malt enzyme market are:

• China 

• India 

• Japan 

• South Korea 

• Australia 

• Rest of Asia-Pacific 

Due to rising demand for flavoured health drinks such as Horlicks and Milo, as well as an increase in the consumption of malt-based beverages due to cross-cultural links, the Asia Pacific area is predicted to have the greatest CAGR during the forecast period.

In the APAC region, The extract of barley malt is also used as a laxative. Non-alcoholic beer, malt vinegar, confections, flavoured drinks, and some baked items are all made using it. In the production of yeast bread and other baked goods, a high-protein type of malted barley is frequently utilized as an ingredient in blended flours.

India, as the world's largest whiskey market, uses hundreds of tons of barley malt to make distilled spirits. In such an environment, price restriction of malt components is projected to boost the market's growth in the near future. India plans to import one million tons of Australian barley per year, which will help fulfil expanding demand and lower the price of alcohol in the country. Beer, whiskey, and flavoured alcoholic beverages will gain from the trade agreement since production costs will be reduced, resulting in increased income. Imported barley from countries other than Australia costs roughly INR 1,950-2,000 per quintal, compared to INR 1,875-1,900 for the Indian type. This is expected to boost the market in this region.

Asia Pacific Specialty Malt Enzyme Market Key Players:

1. Briess Malt & Ingredients

2. Cargill Inc.

3. Crisp Malting

4. Groupe Soufflet

5. Malteurop

6. Muntons plc

7. Rahr Corporation

8. Simpsons Malt Limited