Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6.55 Billion | USD 14.36 Billion | 8.95% | 2023 |
According to a report from Zion Market Research, the global Global Malt Beverage Market was valued at USD 6.55 Billion in 2023 and is projected to hit USD 14.36 Billion by 2032, with a compound annual growth rate (CAGR) of 8.95% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Global Malt Beverage Market industry over the next decade.
Malt beverage is a fermented drink in which the main ingredient is the grain, or seed, of the barley plant. The cereals are primarily kept in water for germination; later they are dried, boiled, and processed into dry powder. The malt is laden with B vitamins, lots of minerals, and some fiber and protein. Malt has around half sweet as normal sugar and is generally used as a healthier alternative sweetener. Malt beverages are also rich in calcium and it has been found that an adequate quantity of calcium intake protects against osteoporosis, colon cancer, and kidney stone and also helps to control blood lipid levels.
The market for malt beverages is gaining spurring growth owing to a swing in consumer preference toward flavored drinks and beverages. Due to a safer alternative than other alcoholic beverages, malt beverages in gaining significant demand. This, in line, is boosting the market growth. The rising count of health-conscious consumers is majorly pushing the organic malt beverage market uphill. However, high prices of malt beverages are likely to restrain the market growth. Moreover, the application of organic malt in making flavored products is also likely to contribute to the growth rate in the forecast period. The easy availability of flavored malted beverages in retail shops, supermarkets/hypermarkets, and online stores is another key factor to drive the demand for the malt beverages market.
Report Attributes | Report Details |
---|---|
Report Name | Global Malt Beverage Market |
Market Size in 2023 | USD 6.55 Billion |
Market Forecast in 2032 | USD 14.36 Billion |
Growth Rate | CAGR of 8.95% |
Number of Pages | 140 |
Key Companies Covered | Nestle, Mondelez International, Van Pur S.A., RateBeer, LLC., Harboe, the Three Horseshoes, GranMalt AG, Cody’s, United Brands Company, Inc., Malt Company (India) Pvt Ltd., Barbican, Monarch Custom Beverages, Danish Royal Unibrew Group, PureMalt, among others. |
Segments Covered | By Application, By Type, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
With reference to the application, malt beverages are divided into alcoholic beverages and non-alcoholic beverages. Alcoholic beverages dominate the market owing to the factors that large consumer preference across the globe and high usage in the beer industry.
The segment is further divided into flavored and unflavored, where flavored drinks include flavors like Apple, Peach, Lemon, Pomegranate, Raspberry, Strawberry, and Pineapple. Flavored drinks are demanded on a large scale and are now measured as an important part of human well-being globally, and are not harmful in comparison to alcoholic drinks. The main surge in the malt beverages market is because of the rising demand for flavored beverages.
The European region held a share of 35% in 2023. This is attributable to the presence of top companies such as Anheuser-Busch, Heineken, and Diageo, among others.
The Asia Pacific region is projected to grow over the forecast period. This surge is due to the increasing adoption of flavored drinks in the region. Additionally, adoption and increasing preference for organic drinks is expected to open new avenues for the malt beverage market over the coming years.
Some of the key players in the malt beverage market are
Companies are also focusing on launching new products to enhance their product offerings and gain a competitive advantage in the market. For instance, In April 2017, Carlsberg, one of the leading beverage producers in the world, launched scotch malts-based premium beer to the Indian malt beverage market.
FrequentlyAsked Questions
The global malt beverage market was valued at USD 6.55 Billion in 2023.
The global malt beverage market is expected to reach USD 14.36 Billion by 2032, with a CAGR of around 8.95% between 2024-2032.
Some of the key factors driving the global malt beverage market growth are increasing preference for flavored drinks and shift of consumer preference in organic drinks.
North America region held a substantial share of the malt beverage market in 2023. This is attributable to the presence of major players such as Molson Coors Brewing and Forman, among others. Asia Pacific region is projected to grow at a significant rate owing to the rising demand for malt beverages in developing economies such as China and India.
Some of the major companies operating in the global malt beverage market are Nestle, Mondelez International, Van Pur S.A., RateBeer, LLC., Harboe, the Three Horseshoes, GranMalt AG, Cody’s, United Brands Company, Inc., Malt Company (India) Pvt Ltd., Barbican, Monarch Custom Beverages, Danish Royal Unibrew Group, PureMalt, among others.
A malt beverage is a type of alcoholic drink that is crafted from grains like barley or wheat that have been subjected to the process of malting. The grains are first allowed to germinate, and then they are dried in a kiln as part of the malting process. During this process, the starches in the grains are converted into sugars, which then allow the grains to be fermented into alcohol. Malt can be brewed into a wide variety of beverages, such as beer, ale, and even malt liquor. The alcohol concentration, flavour, and even colour of these beverages might change based on the precise components that were used and the method that was employed to make them. Hops and other substances are sometimes added to malt beverages in order to give them their own distinctive flavours.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed