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Written by Elena Anderson » Updated on: November 19th, 2024
IMARC Group’s latest report, titled “Malt Ingredients Market Report by Type (Dry Malt, Liquid Malt, Malt Flour, and Others), Source (Barley, Wheat, Rye, and Others), Grade (Standard Malt, Specialty Malt), Application (Alcoholic Beverages, Non-Alcoholic Beverages, Food Products, Pharmaceuticals, and Others), and Region 2024-2032”, offers a comprehensive analysis of the malt ingredients market. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry. the global malt ingredients market size reached US$ 25.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 38.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032.
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Recent Developments in the Malt Ingredients Market:
The crisis has severely disrupted the malt ingredients market, but there are diverse regions where opportunities exist. With an increased focus on adopting healthy dietary habits among consumers, there has been a notable surge in diet-based, functional, organic, and naturally colored products across the beverage and food markets. Consequently, to differentiate their offerings, manufacturers are increasingly focused on developing new malt variants with exceptional flavor and functional properties that can be used across several product and beverage categories. Furthermore, expanding craft beer and whiskey markets, which flourished during the pandemic's alcohol consumption boom, have enough long-term growth potential to be seeking malt-based solutions for unique beverage formulation.
Growth Drivers in the Malt Ingredients Market:
The increasing global demand for functional and fortified foods remains a growth driver for malt ingredients. The striking health advantages of malt such as its antioxidant properties and digestive attributes are appealing to today’s health-oriented clientele. Furthermore, the increased growth in disposable incomes in the emerging markets gravitates consumers towards malt-based products with premium qualities across all the food and beverages segments. Moreover, the global boom of the craft beer market and the popularity of artisan drinks have carved malt’s place as an important component. In addition, the growth of malt demand due to its use in other industries such as cosmetics and pharmaceuticals also provides prospects for malt demand growth in the future. The implementation of some policies aimed at promoting sustainable agriculture and clean-label agriculture is increasing the use of malt ingredients, especially now, when a large number of consumers are concerned about the environmental aspects of food production. Collaborative approaches among producers, processors and food manufacturers are also facilitating competitive supply chains as well as the introduction of new and improved products.
Growth Opportunities and Future Trends of Malt Ingredients Market:
In the long term, demand for malt ingredients should continue to expand as new applications of the ingredient are discovered by the manufacturers. In the context of plant-based diets, malt has been shown to be an important component in vegan and vegetarian products as it adds flavor and nutritional benefits. There is also a noticeable trend towards the usage of malt-based substitutes which are gluten-free and sugar-free in response to the need for hypoallergenic and low-calorie products. The incorporation of AI-based analytics in the malt manufacturing and distribution process is improving supply chain performance and quality control standards. Furthermore, with the increasing health and ethical consciousness of consumers, there is a push for the integration of malt ingredients into the formulation of sustainable food systems that include plant-based protein alternatives and bioplastic containers among others. Enhancing research and development activities should enable the production of more cost-effective malt based products that are targeted to both established and emerging markets, thus ensuring steady growth.
Leading Key Players Operating in the Malt Ingredients Industry:
Malt Ingredients Market Trends:
A research conducted by published revealed that the demand for natural and functional food products is driving the expansion of the malt ingredients market, causing it to evolve rapidly. The ongoing clean-label trends are leading to the use of malt extracts and flours in bakery, confectionery products and non-alcoholic beverage formulations. The increase in craft beer sales progressively becomes one of the core factors, as brewers have unconstrained possibilities in using specialty malts to add flavors and create premium offers.
Furthermore, with more people seeking a healthy lifestyle, the impetus for malt based products has also increased due to their health factors such as mineral components, vast amount of fibers, enhanced digestive system, and the availability of antioxidants. Such trends as new applications of plant-based foods and decent integration of eco-friendly manufacturing processes are also factors affecting the industry. It is these trends that highlight the degree to which innovations in creativeness and versatility which ensures that malt ingredients continue to be a critical fit in the future of the food world as it evolves.
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Malt Ingredients Market Report Segmentation:
Breakup by Type:
Dry malt represents the largest segment by type due to its widespread use in the brewing industry and convenience in storage and transportation, making it a preferred choice for producers of beer and other malted beverages.
Breakup by Source:
Barley is the largest segment by source, as it is the traditional and most commonly used grain for malt production, offering a desirable balance of enzymes, nutrients, and flavor characteristics essential for brewing and food processing.
Breakup by Grade:
Specialty malt is the largest segment by grade, driven by the growing demand for craft and artisanal beers that require unique flavors and characteristics only specialty malts can provide.
Breakup by Application:
Alcoholic beverages constitute the largest segment by application, as malt is a fundamental ingredient in the production of beer, whiskey, and other alcoholic drinks, reflecting its critical role in the beverage industry.
Breakup by Region:
Europe is the largest market by region, attributed to its long-standing brewing traditions, high consumption of malt-based alcoholic beverages, and the presence of numerous craft breweries and malt producers.
Key Highlights of the Report:
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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