Europe Malt Extracts and Ingredients Market by Product (Extracts and Ingredients), Source (Soy, Wheat, and Rye), Grade (Standard and Specialty), Application (Food & Beverages and Pharmaceuticals), Form (Dry and Liquid) and By Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) – Size, Share, Trends, Growth, Forecast (2024 to 2029)

Updated On: June, 2024
ID: 9596
Pages: 135

Europe Malt Extracts and Ingredients Market Growth and Forecast (2023 - 2028):

The Europe Malt Extracts and Ingredients Market size was assessed to be USD xx billion in 2022, and it is estimated to reach a valuation of USD xx billion by 2028 at a considerable CAGR during the estimated period. Increased health awareness among consumers in major regions has been a key factor contributing to market growth.

Market Overview:

Malt is generally made from malt grade grains such as barley or wheat and other grains. Barley is used in wort, because it increases the ability to process easily, creates a cascade of natural enzymes used in post-processing, and converts starch (flour) to sugars, proteins, and amino acids. All of this is nutritious when used in brewing, distillation, or food manufacturing processes. Malt can also be used to produce other foods. Malt content is a nutritious ingredient in foods and beverages low in fat, fiber, carbohydrates, protein, vitamins and natural sugar ingredients. Malt is the rest of the cereal grains that can germinate after drying. In general, barley grain is used as a malt ingredient and germinates after soaking in water. This process is called malt. During this process, the starch present in the ingredients is converted to sugars such as glucose and fructose. Malt ingredients are widely used in the food and beverage industry. Malt ingredients improve the flavor and texture of various foods. This ingredient is mainly used to make various beverages and confectionery products.

Recent Developments in Europe Malt Extracts and Ingredients Industry:

  • In February 2020, BSG partnered with Leopold Bros to deploy small batch artisanal malt. This allows you to enter the emerging craft beer and craft beer markets.
  • In November 2019, Axereal took over the Cargill malt business on behalf of its subsidiary Boortmalt.

Europe Malt Extracts and Ingredients Market Growth:

As the demand for organic food increases and awareness of the nutritional benefits of malt increases, it is supposed to lead the malt extracts and ingredients market in Europe.

Drivers:

As consumption trends for craft beer consumption increase, Europe is a major producer and consumer. As awareness of the benefits of malt increased, the reach of the food industry has helped the food industry with additives, flavors, colors and ingredients. The malt is mainly served in beer, milk powder, bars, flakes, syrups and cookies. Increased consumption of alcoholic products worldwide is a major driver of growth in the global malt ingredient market. Also, the increased demand for alcohol in developing countries due to increased disposable incomes and changes in consumption patterns is another factor supporting the growth of global target markets. Besides, the increased demand for malt ingredients in bakeries and confectioneries to impart color and flavor to finished products is another factor that is expected to further support the growth of the target market, one of the main drivers of this market is the use of malt in the beer industry. It is growing rapidly. Widely used in the food industry is another driving force for the growth of this Europe Malt Extracts and Ingredients market. The use of malt in food and beverages is not limited to adding flavor or coloring. Malt is used as a primary product or raw material in many industries, such as baby food, dietary supplements, and protein-rich foods. As demand for these foods and supplements increases, the malt ingredient market is expected to grow at the same time. The most important motivations for choosing organic foods are health and environmental factors and animal welfare. The opportunity in this market is to use different types of malt extracts in food. Growth in R&D activities and investments by major players and innovative products offered by new players are expected to create new opportunities in terms of revenue, which is presumed to support the growth of the Europe Malt Extracts and Ingredients market during the calculated period.

Restraints:

The increasing popularity of wine and other beverages will hinder the growth of this market as beer consumption will decrease. The biggest challenge in Europe Malt Extracts and Ingredients market is the participation of local players. They offer low-quality products, allowing creating a broader customer base. Strict government regulations regarding the import of malt products are key factors that are expected to hinder the growth of the Europe malt extracts and ingredients market to some extent.

Europe Malt Extracts and Ingredients Market Segmentation Analysis:

By Product:

  • Extracts     
  • Ingredients

By Application:

  • Food & Beverages 
  • Pharmaceuticals    

By Source:

  • Soy   
  • Wheat
  • Rye

By Grade:

  • Standard     
  • Specialty

By Form:

  • Dry   
  • Liquid

Regional Analysis:

Europe is expected to occupy a significant part of imports in the target market, as there are large manufacturers from countries in this region. Furthermore, it is expected to support the growth of the European market as the trend for natural foods increases and the demand for ready-to-eat and packaged foods increases. Europe's growth is due to a growing awareness of people about healthy eating habits. The main factors driving growth are the increase in beer consumption and the production of homemade beers. These factors led to an increase in the demand for malt components in the region. In addition, other uses of malt in the food and non-alcoholic beverage industry are key factors that are supposed to drive growth in the malt extracts and ingredients market. These factors have opened up several opportunities in the region for the malt extract and ingredient market. The UK has the largest market share, with a wide range of applications for beer, traditional spirits and non-alcoholic malt beverages. As consumption of beer and non-alcoholic malt beverages increases in the UK, the use of barley in malt production increases due to its excellent flavor profile and various processing advantages in beer production. Additionally, the use of organic malt in brewery production is increasing, accelerating market growth. In addition, market forecasts are expected to be driven during the forecast period in the UK as demand in the industrial sector and coverage of the food and beverage industry expands.

Key Players in the Market:

Major Key Players in the Europe Malt Extracts and Ingredients Market are

  • Rahr Corporation            
  • Malteurop            
  • GrainCorp            
  • Groupe Soufflet              
  • Holland Malt         
  • Maltexco              
  • Barmalt                
  • IREKS         
  • Muntons PLC        
  • Simpsons

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