The Malt Extracts and Ingredients Market reached a valuation of USD 22.18 Billion in 2023, with a projected growth to USD 31.40 Billion by 2030, showcasing a CAGR of 5.09% from 2023 to 2030.
Malt Extracts and Ingredients Market Overview
Malt extract is a sweet, liquid-like material that resembles syrup and is mostly used as a dietary supplement. They fall within the dry malt extract and liquid malt extract categories. Unfermented, concentrated, and viscous syrup known as “liquid malt extract” (LME) is used to manufacture alcoholic beverages. Additionally, it is a frequently used ingredient in the production of confectionery, dairy products, breakfast cereals, and baked goods. It is a naturally occurring sweetener that dissolves readily in water. In addition, it is full of flavor and nutrients and can be used in place of sugar. The types of malt that are used in the production process have a significant impact on the flavor of the malt extract. LME is offered in several formulations that are excellent for home brewers since they can select from a large variety, including wheat and amber, among others. Small breweries also find LMEs to be an effective way to brew because they are less expensive to purchase than traditional brewing methods. Dry malt extract (DME) is a product with no moisture at all. In comparison to liquid malt extract, dry malt extract is also simpler to store. The product’s powder form makes it simple for food makers to use.
In the upcoming years, demand for malt components is anticipated to rise along with the demand for dairy products and beer. The demand for goods in the food business is also being driven by consumer preference for prepared foods. The food industry’s product offerings have been widened as a result of rising health consciousness. Numerous competitors in the baking market sell conventional bakery goods, but very few of them include malt components in their products.
The rising consumer demand for the product is what essentially drives the global market for malt extracts and ingredients. Additionally, it is anticipated that the significance of malt extracts and ingredients as a functional element in the formulation of nutritional drinks and sweets will grow due to vitamin B and the essential presence of amino acids and fiber. Due to stringent laws governing the sale and distribution of alcoholic beverages, non-alcoholic malt beverages have recently become very popular in the Middle East. As a result, there are more non-alcoholic beer businesses in the area. Powdered substances have a long shelf life, which encourages manufacturers to transfer them conveniently to remote locations. Additionally, the market expands faster due to the growing popularity of different craft brews. The malt ingredient market is primarily driven by growing demand from the global food and beverage industry. Manufacturers are also concentrating on producing new products in terms of taste like pomegranate, raspberry, and peach. On the other hand, due to their inherent health benefits, people are beginning to embrace foods with natural components more and more. This is a significant development that offers excellent potential for businesses that sell these products. Additionally, it offers new national companies the chance to enter the malt extract market to capitalize on the expanding demand in the brewery, bakery, food, and beverage industries for goods that are gluten-free, sugar-free, have a high nutritional value, and have clean labels.
Malt extract is frequently used in the production of snack bars, cookies, flakes, milk powder, and nutritive syrups as a colorant, flavoring, and additive. Consumers all over the world are looking for meals with simple, natural, or clean ingredients, and the demand for clean-label goods is rising across practically all food and beverage categories. Malt is a crucial component in baking formulas because of its dough conditioning capabilities; it is increasingly used in favor of less natural or more expensive components, including synthetic dough conditioners. These ingredients are used by the majority of food processors as a crucial part of food processing, which will drive the global market throughout the projected period. Additionally, malt extracts work as a replacement for synthetic colorants in baking and culinary formulas by adding natural color. Growing consumer health consciousness in important regions has been a primary driver of market expansion. It is anticipated that it will dominate the market for malt extracts as consumer demand for organic food rises and public knowledge of these components’ nutritional benefits rises. Additionally, the market for malt extracts and ingredients is expected to expand and create new opportunities soon.
Major malt producers export resources as the demand for malt rises in the food and beverage industry, increasing the cost of raw materials for local importers and consumers and stifling market expansion. The growth of the global market for malt extracts and ingredients is probably going to be constrained by seasonal variations and the availability of high-quality grain crops.
The Malt Extracts and Ingredients market is studied across North America, Europe, Asia Pacific, Latin America and the Middle East and Africa
The demand for malt extracts and components is anticipated to rise in the European region as a result of an increase in the number of craft breweries. The European region consumes the most beer globally compared to other regions, and this trend is predicted to continue in the years to come. Malt extracts and components are widely employed not only in the beverage industry but also in the production of food. All of these factors suggest that the market will experience strong growth in Europe during the forecast period.
Major market players’ presence in the European region is improving the chances for this market’s expansion. Malt consumption through various products is becoming more popular due to its numerous health advantages. Additionally, breweries’ usage of malt as a base component will fuel market expansion in this area.
Groupe Soufflet, Muntons PLC, Viking Malt, Diastatische Producten, Laihian Mallas, Rahr corporations, Graincorp Limited, Malteurop Group, Maltexco, Malt products, Holland Malt, and Boortmalt
- BSG and Leopard Bros. partnered in February 2020. The distribution of handcrafted malts is the goal of this partnership. This collaboration intends to seize the growing market for handcrafted beer.
Segments Covered in the Report
- Standard malt
- Specialty malt
- North America
- Latin America
- Middle East & Africa (MEA)
|Malt Extracts And Ingredients Market Report Scope
|Market Size value in 2023
|USD 22.18 billion
|Revenue Forecast in 2030
|USD 31.40 billion
|CAGR of 5.09% from 2023 to 2030
|Base Year for estimation
|2018 – 2021
|2023 – 2030
|Revenue in USD million and CAGR from 2023 to 2030
|Revenue forecast, company ranking, competitive landscape, growth factors, and trends
|Product Type, Source, Grade, Application, Form, Region
|North America; Europe; Asia Pacific; Latin America; MEA
|U.S.; Canada; UK; Germany; France; Italy; Spain; Denmark; Sweden; Norway; Japan; China; India; Australia; South Korea; Thailand; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE; Kuwait
|Key Companies Profiled
|Groupe Soufflet, Muntons PLC, Viking Malt, Diastatische Producten, Laihian Mallas, Rahr Corporations, Graincorp Limited, Malteurop Group, Maltexco, Malt Products, Holland Malt, Boortmalt, and others.