Malt Ingredients Market

Malt Ingredients Market Size, Share, Growth (2022-2027)

Malt Ingredients market was valued at USD 19.79 Billion in 2021 and is expected to grow till 2027 at a CAGR of about 5.3%. 

Overview:

Malting is the process by which cereal grains such as barley and wheat are converted into malt, which can be used in applications like brewing, distilling, and food production. By soaking in water, the cereal grains are germinated, causing them to sprout. They are dried with warm air after this. Grain starches are converted into simple sugars, including glucose and fructose, during the malting process. Malt components are used in the form of food additives by leading food and beverage companies, which give the end product a palatable taste and color. Using this ingredient also makes it easier to modify or stabilize the texture of different F&B products. In the malt Ingredients marketplace, the growing number of new food products introduced, particularly those incorporating organic elements, as well as the increasing demand for all-natural foods is creating new opportunities.As the growth in demand for clean-label products is a significant trend across nearly all food and beverage categories, consumers around the world are looking for food products with pure, natural, or fresh Ingredients. Malt is a crucial ingredient in baking formulations because it has the properties of dough conditioning and is increasingly being replaced instead of less natural or more expensive components, such as synthetic dough conditioners. In addition, malt and malt extracts in baked and culinary formulations are viable alternatives for natural color adjustment, as they display their color power when diluted in a solvent. 

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Similarly, malted rye has a sweet, slightly tangy rye flavor, and the resulting malt flavor in baked goods is particularly appealing. At the same time, the dough is smoother and has more elasticity. Moreover, according to Malt Products Association, barley extract is a natural active product that provides health benefits, including high levels of antioxidants, a comprehensive profile of amino acids, nutrients, minerals (phosphorus, calcium, and magnesium), and soluble fiber. The malt was also shown to be rich in hordenine, supporting cognitive function and weight management.Due to strict regulations on the sale and distribution of alcoholic beverages, non-alcoholic drinks have gained popularity in the Middle East region over the past few years. As a result, there has been a growing number of non-alcoholic brewing companies in the area. Companies also focus on developing new products in terms of flavors, including pomegranate, mango, and peach. 

Drivers 

The market for malt Ingredients is driven primarily by rising demand from the worldwide food and beverage industry. It is also expected that increased demand for dairy products and beer will fuel the demand for malt Ingredients in the years to follow. However, seasonal variations and the availability of cereal grains of good quality are likely to limit the growth of the global market. Nevertheless, shortly, it is expected that the emerging market for malt Ingredients will open up new opportunities.

Malt Ingredients Market Segmentation:

By Source:

• Barley

• Wheat

• Rye

• Others

By Grade:

• Special Grade Malt

• Standard Grade Malt

By Type:

• Flour

• Dry Malt

• Liquid Malt

• Others

Barley is the most popular grain used in alcohol production because it contains high starch content, starch-to-sugar enzymes, and yeast health proteins. The beer color depends on the malt quality used. Also, barley has gained importance in the bakery and confectionery industries over the past few years. It is expected that increased awareness of the health benefits of barley, such as the low risk of diabetes, hypertension, and diarrhea, will boost its demand for bakery products, thereby increasing segment growth.

In 2018, the segment of beverage applications led the market, accounting for more than 80% of the overall share. The main application in this segment was alcoholic beverages as malt Ingredients are essential raw materials in alcohol production. Growing demand globally for craft beer has increased the need for the product in this category. New beer flavors such as raspberry and peach are expected to be introduced to boost demand further. Besides, over the past few years, the number of small and independent breweries in the U.S. has increased significantly. So the rapid expansion of the demand for alcoholic beverages would drive the creation of the sector.

Due to the presence of a large number of breweries in countries like the UK, Germany, Spain, France, Italy, the Netherlands and Switzerland, Europe held the largest share of the global market in 2018. Due to the increasing popularity of craft beers in Eastern European countries, such as Russia and Poland, the region will maintain its dominant position over the forecast period. However, the Asia Pacific malt Ingredients market is expected to record the maximum growth rate between 2019 and 2025. In the near future, the Middle East & Africa is expected to see significant growth. In this region, manufacturers are introducing innovative flavored non-alcoholic malt beverages that are expected to be the key factor driving business growth.

Malt Ingredients Market Key Market Players:

1. Cargill

2. GrainCorp Limited

3. Muntons PLC

4. Soufflet Group

5. Heineken

6. Briess

7. BSG CraftBrewing

8. Rahr Corporation

9. Diamalteria