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Global Malt Extracts and Ingredients Market Insight February 22, 2022 Comments

The Malt Extracts and Ingredients are forecast to moderate over the next few years. According to WK-chem Research, “Global Malt Extracts and Ingredients Professional Survey Report 2022, Forecast to 2027”, The Malt Extracts and Ingredients industry is growing rapidly with the increasing consumer demand. The compound annual growth rate ( CAGR) for the 2022-2027 period is projected to be 3.0% base on WK-chem Research regression analysis model.
Analysts’ Viewpoint:
“This is due to the widespread use of maltose extracts and ingredients in the beer industry and growing awareness of the health benefits of barley beverages. These factors are expected to positively impact the market over the forecast period.” said Eva Joy, Senior analyst, Chemical & Materia Market Research Center in WK-chem Research.
Market insight:
The global malt extracts and ingredients market are primarily driven by growing product demand. In addition, the importance of malt extracts and ingredients as functional ingredients in nutritional beverage and confectionery formulations is expected to increase due to the essential content of B vitamins and amino acids and fiber. Non-alcoholic malt beverages have gained popularity in the Middle East in recent years due to strict regulations on the sale and distribution of alcoholic beverages. As a result, the number of non-alcoholic beer companies in the region is increasing. The high shelf life of powdered ingredients is the driving force behind the ease with which manufacturers can distribute them to remote areas.
With the increasing demand for malt in the food and beverage industry, major malt producers are exporting the material, increasing the price of the raw material for local importers and users, restraining the market growth. Seasonal fluctuations and availability of high-quality cereal crops are likely to restrain the growth of the global malt extracts and ingredients market.
Competition Landscape:
Various types of malt extracts and ingredients are available around the world by many domestic and global players. Major manufacturers have operations in North America and European countries. Major players in the malt extracts and ingredients market are Groupe Soufflet (France), Muntons PLC (US), Viking Malt (Finland), Distatische Producten (Netherlands), Laihian Mallas (Finland), Rahr Corporation (US), Graincorp Limited (Australia) ), Malteurop Group (France), Maltexco (Chile), Malt products (USA), Holland Malt (Netherlands) and Boortmalt (Belgium). In February 2020, BSG entered into a partnership with Leopold Bros. (US) to distribute a new line of small batch artisanal malt products. Through this, it can tap into the burgeoning craft and craft beer market.
Segmentation of Malt Extracts and Ingredients Market:
On the basis of product type, the maltose extract and ingredients market is segmented into maltose extracts and ingredients, and the ingredients segment is expected to dominate the malt extract and ingredients market due to the increasing use of malt extracts and ingredients in beer production. Malt ingredients are mainly used in beer production. They are also the first choice for whisky production. Hence, the alcohol consumption in the malt ingredients market is expected to increase during the forecast period. The ingredients are also available in powder and flake forms. The high shelf life of powdered ingredients is also a driver, as manufacturers find them easy to distribute in remote areas. Moreover, the increasing popularity of various craft and craft beers are further driving the market growth.
On the basis of grade, the malt extracts and ingredients market is segmented into standard malt and specialty malt, and demand for specialty malt by grade will remain high during the forecast period. The specialty malt market is expected to grow at the highest CAGR during the forecast period. This is due to the high preference for specialty malts in food, pharmaceutical, pet food and personal care product applications. There are a variety of standard malts on the market; these include crystal, roast, dark and special fire.
On the basis of application, the malt extracts and ingredients market is segmented into beverages, food, pharmaceuticals, and others (pet food and personal care products). The use of malt extracts and ingredients in food applications will remain high during the forecast period. Food applications are expected to grow at the highest CAGR over the forecast period owing to the high preference of malt as a natural sweetener. Malt is an important part of the beer industry. It provides the carbohydrates and sugars needed to give beer its unique flavor and alcohol content. Different types of malt are used to give beer different flavors, textures and colors. They are responsible for imparting aroma and taste to alcoholic beverages. Many other alcoholic beverages, such as whisky and other spirits, are malt-based. Owing to this factor, the beverage segment is expected to hold the largest market share during the forecast period.
Malt Extracts and Ingredients Market: Regional Analysis:
By region, the global market can be segmented into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. With increasing demand for craft beer, Asia Pacific is expected to dominate malt extract and Ingredients Market. Changes in lifestyle and increased purchasing power of consumers have increased the demand for malt extracts and ingredients. Growth in the region is due to increased craft beer production and consumers’ increasing acceptance of convenience foods due to their busy lifestyles. In addition, Chinese millennials’ preference for natural food additives and natural sweeteners drives the malt-based food market in Asia Pacific, which in turn drives the demand for malt extracts and ingredients globally. In recent years, the rise of various application innovations has broadened the market’s horizons. This factor is also expected to drive the market growth.
Cagr: 3.0%
Largest share area: Asia Pacific
Largest share country: China
Product Type: Maltose Extract and Ingredients
Product Type (by grade): Quasi malt and specialty malt
Application: Beverages, food, pharmaceuticals and others (pet food and personal care products)
Leading Company: Groupe Soufflet (France), Muntons PLC (USA), Viking Malt (Finland), Distatische Producten (Netherlands), Laihian Mallas (Finland)