The North America Malt Extracts and Ingredients Market size was calculated to be USD xx billion in 2022, and it is predicted that it will reach USD xx billion by 2028 at a notable CAGR during the estimated time frame. As the popularity of craft beers increases, the growth of the market accelerates. The special malt market is expected to grow at the highest CAGR during the projected period.
Malt is the remaining portion of 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. In this process, the starch present in the ingredients is converted to sugars such as glucose and fructose. Malt ingredients are broadly employed in the food and beverage industry. Malt ingredients help improve the taste and texture of various food products. These ingredients are mainly used to prepare various beverages and confectionery products. Barley is used in the must, as it increases the ability to process easily, creates a cascade of natural enzymes that are used for further processing, and converts the starch 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.
The high shelf life of powdered ingredients is the driving force that is encouraging manufacturers to easily distribute these products to remote areas, therefore, resulting in the growth of this market in the future.
The malt ingredient market in the North American region has been driven mainly by demand from the brewing industry, especially by the growing trend of consumption of craft beers. Craft beer is a growing sector in the United States, which makes up the majority of breweries. It is hardly considered the main source of malt ingredients. It is mainly used in the beverage industry due to its unique enzyme properties. Demand from the craft brewing and distillation industry has grown significantly in recent years. Consumers around the world are looking for a unique and tasty beer, which is expanding the market for malt ingredients into the beer market. Also, with the advent of new breweries and rising production of craft beer, the call for specialty malts is augmenting. It is foreseen that these craft brewers are touted to account for more than half of the malt used in the United States beer industry in the next five years, which will supplement the growth of the local malt extracts and ingredients market. Because malt has dough conditioning properties, it is a key ingredient in baking formulations and is increasingly being replaced instead of less natural or expensive ingredients such as synthetic dough conditioners. Additionally, malt and malt extracts can be an alternative to natural color control in baking and cooking formulations, as they change color when diluted in solvents. Additionally, according to Malt Products Corporation, barley extract is a natural functional ingredient that provides health benefits, including high levels of antioxidants, strong profiles of amino acids, vitamins, minerals and soluble fiber. Hordenine-rich malt has also been shown to promote cognitive function and weight control. Health awareness among the main local consumers has been an important factor in the growth of the North America Malt Extracts and Ingredients market. The local market is also supposed to be promoted by the demand for organic food and increasing awareness of the nutritional benefits of malt.
As demand for malt increases in the food and beverage sector, major malt producers export materials to increase the price of raw materials for local importers and users. Demand for North America Malt Extracts and Ingredients increased as lifestyle changed and consumers' purchasing power increased. 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 North America Malt Extracts and Ingredients markets. Increased consumption of alcoholic beverages is a major driver of growth in the North America malt ingredient market. Besides, the rising call for malt ingredients in bakeries and confectioneries to impart color and flavor to finished products is another factor that is expected to further support growth in the North America Malt Extracts and Ingredients market. Increased alcohol consumption is presumed to become a market for malt ingredients during the outlook period. Additionally, the increasing popularity of various craft beers has accelerated the growth of the North American market. Growth in R&D activities and investment by key players and innovative products offered by new players are assumed to create new opportunities in terms of revenue in the market, which will support the growth of the North America Malt Extracts and Ingredients market during the anticipated period.
The increasing popularity of wine and other beverages will hinder the growth of the North America Malt Extracts and Ingredients market as beer consumption declines. Strict government regulations regarding imports and fluctuations in raw material products are key factors that are supposed to hinder the growth of North American Malt Extracts and Ingredients market to some extent.
Geographically the North America Malt Extracts and Ingredients Market is segmented into US, Canada, Mexico and Rest of North America. The North American market is assumed to dominate the global market, continuing its dominance during the forecast period. The leadership of the region may be due to the increase in disposable income, the changing consumption patterns and the presence of the main companies operating in the emerging economies of the area. The country is strengthening its application base with an emphasis on the production and processing of malt ingredients.
Key Players in the Market:
Major Key Players in the NA Malt Extracts and Ingredients Market are
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