North America Malt Ingredients Market

North America Malt Ingredients Market Size, Share, Growth (2023-2028)

North America Malt Ingredients Market was predictable at USD xx. xx million in 2023 and is anticipated to range over USD xx. xx million by 2028, with a CAGR of 8.59% 

North America Malt Ingredients Market Overview

Malt ingredients are a type of food additive used in a wide variety of food and beverage products to improve the color, flavor, and texture of products. Malting is converting cereal grains, such as barley and wheat, into malt, which is also incorporated in applications such as distillation, brewing, and food manufacturing. Malt extracts enhance the flavors, additives, and colors of powdered milk, snack bars, cookies, and other products. These ingredients contain many micro and macronutrients, such as vitamin B complex, calcium, protein, etc. The malt ingredients market covers many end-users, including the food industry, pharmaceutical industry, nutraceuticals, and others.

Recent Developments

1. Axéréal, one of France's leading cereal cooperative groups specializing in the cultivation and processing of cereals for the brewing, bakery, and animal industries, has completed the acquisition of Cargill's malt business on behalf of its subsidiary Boortmalt. Moreover, with this acquisition, Boortmalt will further acquire Cargill's malt activities, which include almost 16 malt plants in 9 countries, with atmost 600 employees, and a total production capacity of 1.7 million tonnes.

2. Craig Briess has been appointed Managing Director of Briess Malt & Ingredients. It represents the fifth generation of continued family leadership in the Chilton-based business. He succeeds Monica Briess, who became CEO in 2001 after the sudden death of her husband, Roger Briess. Briess will remain on the board and serve as a strategic advisor.

North America Malt Ingredients Market Drivers and Restraints:

The rapid development of the international malt beer market is a significant motivator for the growing demand for malt ingredients. Furthermore, the increasing importance of malt extracts as functional constituents in preparing nutritional beverages and confectionery due to their fiber, essential amino acids, and vitamin B fillers is expected to drive demand for the malt ingredients market in North America. The malt ingredients industry is driven primarily by increasing demand from the food and beverage manufacturing industry worldwide. Increasing demand for beer and dairy is also estimated to drive demand for malt ingredients in the coming years. However, the development of the malt ingredients market is likely to expose new opportunities in the coming years. The increasing number of state-of-the-art food products brought to the market, especially those comprising herbal and organic components, coupled with the growing demand for all-natural food products, are creating new opportunities in the malt ingredients market. Due to the strict guidelines applied to the sourcing and sale of alcoholic beverages in the Middle East province, the admiration for non-alcoholic malt beverages has increased dramatically in recent years. The number of non-alcoholic beer companies has increased in the region due to these strict guidelines. In addition, manufacturing companies are also developing new flavors, such as peach, raspberry, and pomegranate, which further propels the malt ingredients market during 2022 - 2027.

On the other hand, seasonal differences and the sourcing of grains of respectable class are expected to restrict the development of the world market for malt ingredients.

North America Malt Ingredients Market Segmentation:

By Source:

• Barley

• Wheat

• Rye

• Others

Barley is the most popular cereal used in alcohol production because it is high in starch, starch-sugar enzymes, and healthy yeast proteins. Moreover, the color of the beer depends on the quality of the malt used. In addition, barley has gained prominence in the bakery and confectionery industries in recent years, which drives the malt ingredients market in the upcoming years.

By Grade:

• Special Grade Malt

• Standard Grade Malt

Standard malts contain diastatic power, which aids in converting naturally existing starches, of the two types of malts. On the other hand, specialty malts have relatively low diastatic power, making them crucial to the final product's flavor and color.

By Type:

• Flour

• Dry Malt

• Liquid Malt

• Others

Dry malt powder can be found in a variety of powder premixes and pastry items. In addition, liquid malts are often used in ice cream toppings, syrups, and toppers. Furthermore, flakes are commonly used as toppings on baked goods. The malt components market can also be divided into bakery and confectionery products, food products, alcoholic and non-alcoholic drinks, dairy and frozen products, and others based on end-use applications.

Impact of covid-19 on North America Malt Ingredients Market

The COVID-19 pandemic has affected industries and economies in several countries due to lockdowns, business closures, and travel bans. The United States captures the highest number of confirmed COVID-19 cases compared to Canada and Mexico. Due to the COVID-19 outbreak, the supply and distribution chain is likely to be affected. In addition, the entire process of manufacturing, research, and development activities will also harm the market's growth.

Regional Analysis:

• Mexico

• Canada

• United States

The malt ingredients market dominance can be attributed to the increase in disposable income, the evolution of consumption patterns, and the presence of the main actors operating in the emerging economies of this region. Moreover, Craft beer is a rising segment in the United States, accounting for most breweries. Craft beer is becoming more dominant in the United States due to its superior taste, brewing processes, and innovations. The primary driver for the malt ingredients market in North America is an increase in malt beer and malt-based nutritious dairy products.

North America Malt Ingredients Market Key Players

The North America Malt Ingredients Market is concentrated with well-established players. Key players in the North America Malt Ingredients Market include

1. CARGILL Inc.

2. MALTEUROP GROUP

3. MALTERIES SOUFFLET

4. RAHR

5. SIMPSONS MALT Ltd.

6. MUNTONS MALT Plc

7. HEINEKEN

8. CRISP MALTING GROUP Ltd.

9. BAIRDS MALT Ltd.

10. IMPERIAL MALTS LIMITED