logo
logo
Sign in

Malt Extracts and Ingredients Market – Key Growth Trends

avatar
MarketsandMarkets™
Malt Extracts and Ingredients Market – Key Growth Trends

The global malt extracts and ingredients market size is projected to reach USD 20.4 billion by 2025, from USD 17.6 billion in 2020, recording a CAGR of 3.0% during the forecast period. The increasing production of craft beer, along with the adoption of malt-based food, is projected to drive industry growth during the forecast period.


Malt is an essential component in the beer industry. It provides carbohydrates and sugar, which are necessary to give beer its distinctive flavor and alcohol content. Different types of malt are used to impart different flavors, textures, and colors to the beer. They are responsible for imparting the aroma and mouthfeel to alcoholic beverages. Many other alcoholic beverages, such as whiskey and other spirits, have malt as their base ingredient. Due to this factor, the beverages segment is projected to account for the largest market share during the forecast period.


Dry malt is used for maximum applications. It is available in flour, flakes, and in the powder form. Malt flour is specially conditioned with a high concentration of natural enzymes majorly applied in the bakery and confectionery products. It improves fermentation, increases air retention, and enhances yeast performance. Malt flakes are a natural source of fibers and flavors. Malted flakes add texture to products such as bread and rolls. The downside of the dry malt is its hygroscopic property. Therefore, it should be stored in a dark and dry environment and should be protected from humidity. As a result of these factors, the dry segment is projected to account for a larger market share during the forecast period.


Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=97763660


The changing lifestyle and increasing buying power of consumers have increased the demand for malt extracts and ingredients. The growth of the region is owing to the increasing production of craft beer and the rising acceptance of convenience foods among consumers due to their hectic lifestyles. Also, the inclination of the millennial population toward natural food additives and natural sweeteners drives the Asia Pacific malt-based food market, which, in turn, is driving the demand for global malt extracts and ingredients. In recent years, the rise in innovation in various applications has increased the market’s horizon. This factor is also expected to propel the market growth.


This report includes a study of the development strategies adopted by the leading companies. The scope of this report consists of a detailed study of malt extract and ingredient manufacturers, such as Groupe Soufflet (France), Muntons PLC (US), Viking Malt (Finland), Diastatische Producten (The Netherlands), Laihian Mallas (Finland), Rahr corporations (US), Graincorp Limited (Australia), Malteurop Group (France), Maltexco (Chile), Malt products (US), and Holland Malt (Netherlands).

collect
0
avatar
MarketsandMarkets™
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more