Malt ingredients market is expected to grow at 4.5% by 2031. Malt is generally a process of transforming cereal grains such as wheat and barley into malt which can be utilized in brewing, distilling as well as in manufacturing of food. Malt ingredients are basically utilized by food companies as an additive that adds color and flavors to the final product as well as enhances the texture of food and beverages.
The global malt ingredients market is growing at a rapid pace and is anticipated to achieve significant growth over the next seven years till 2023. Rising population over the past few years has impacted the supply of food all across the globe. Besides this, increasing consumption of malt beer and nutritional malt-based dairy products is anticipated to expand the growth of malt ingredients market till 2023. Apart from this, rising demand for malt ingredients from confectionery and bakery industry is further likely to impel the growth of malt ingredients market till 2023.
At present, Europe region captured the maximum share in revenue of malt ingredients market and is anticipated to dominate over the forecast period. Rising preferences for consumers towards packaged food and ready-to-eat food is anticipated to incline the growth of malt ingredients market over the forecast period.
The global malt ingredients market is mainly concentrated in Europe. Major players are adopting different market strategies to enter and enhance their market position and distribution network.
Key Players Identified Across the Value Chain in the Malt Ingredients Market include but are not limited to:
Cargill Incorporated, Ireks GmbH, Dohler GmbH, Malteurop Group, Simpsons Malt Limited, Axereal (BOORTMALT NV), The Soufflet Group, Barmalt India Pvt. Ltd., Viking Malt Oy, Vivescia Industries SCA, Polttimo Oy, Malt Products Corporation, Muntons Plc., Crisp Malting Group, Holland Malt B.V., among others.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Malt Ingredients market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE | DETAILS |
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Research Period | 2022-2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Year | 2022 |
Unit | USD Million |
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Key questions answered in this report