Global Malt Ingredients Market Anticipated To Grow At Around 5.3% CAGR During 2024 – 2032

As per the report by Zion Market Research analysts, the valuation of the global malt ingredients market in 2023 was about USD 23.64 Billion and is anticipated to grow at around 5.3% CAGR between 2024 and 2032. Few of the leading players active in the global malt ingredients market consist of Simpsons Malt Ltd, Global Malt GmbH & Co. Kg, Cargill Incorporated, Muntons PLC, Ireks GmbH, Crisp Malting Group, Axereal, and Malteurop Group. Likely mergers and acquisitions are anticipated to boost the market growth. To cite, in December 2019, Boortmalt Group headquartered in Belgium completed the procurement of malt business of Cargill. Boortmalt, through the deal, will be taking charge of 16 global malt units of Cargill and will upscale Boortmalt’s total capacity to 3 million tons with now 27 malting units across 5 continents.

Rising Demand For Malt Products To Boost The Growth Of Malt Ingredients Market

A momentous growth has been witnessed in the past years within the malt beer market across the globe which is anticipated to upsurge the demand for malt ingredients in the coming period. Moreover, the rising significance of malt extracts as useful components in the formulation of nutritional drinks and confectionery as a result of their essential amino acid & fiber contents and vitamin B is also expected to propel the growth of the malt ingredients market. The strict regulations in relation to alcoholic beverages in several parts of the world have brought in the trend of non-alcoholic beverages. Consequently, the digit of non-alcoholic brewing companies has been rising in these regions. Apart from this, manufacturers are also emphasizing the creation of new products, with regards to flavors, like raspberry, peach, and pomegranate. Such initiatives are anticipated to bring in new opportunities for the malt ingredients market. Furthermore, the market has been anticipated to witness robust growth during the forecast period owing to the increasing demand for diverse ready-to-eat products and packaged foods.

Rising Sales Of Non-Alcoholic Beverages To Help Europe Dominate The Market

The global malt ingredients market is bifurcated based on application, source, and region. The application segment of the market is divided into distilling, brewing, beverages, and bakery. Based on source, the global malt ingredients market is categorized into wheat, barley, and other sources. Regionally, Europe is expected to rule the global malt ingredients market during the forecast period owing to the rise inclination toward packaged foods and escalating sales of non-alcoholic beer. Further, the malt ingredients market in the Middle East & Africa and Asia Pacific are also projected to witness vigorous growth mainly driven by the rising demand for alcoholic and non-alcoholic drinks. Also, the new products in the pipeline in the dairy premixes and the towering recognition of malt-based drinks prepared for children are likely to propel the growth of the malt ingredient market.

Browse the full “Malt Ingredients Market, By Source (Barley, Wheat And Rye Malt), By Application (Food Industry, Alcoholic Beverages, And Non-Alcoholic Beverages, Pharmaceutical Industry (Supplements) And Others.), And By Region: Global Industry Perspective, Comprehensive Analysis And Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/malt-ingredient-market

The global malt ingredients market is segmented as follows:

By Application

• Distilling
• Brewing
• Beverages
  • Non-alcoholic
  • Alcoholic
• Bakery Services

By Source

• Wheat
• Barley
• Other Sources

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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