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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 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.
Source Insights
Various sources contribute to malt extraction, including wheat, sorghum, rye, and other grains aside from barley. Barley, rich in protein, has been a traditional choice for malt production, notably in products such as malt vinegar, malted milk, beer, and whiskey. Its suitability for malting processes and associated health benefits have contributed to its continued use. Growing awareness of the health benefits, coupled with increased consumption of beer and nonalcoholic beverages by younger and middle-aged demographics, is propelling market growth. Barley-based beer extracts, renowned for their superior taste, are expected to drive significant growth in the forecast period.
Product Insights
The malt extract segment is anticipated to experience substantial growth, driven by various types of malt ingredients processed to obtain malt extracts. These extracts serve as sweetening agents derived from malt ingredients, with specialty malt extracts standing out for enhancing beverage flavors and having low enzymatic activities. Widely used in the pharmaceutical and bakery industries, specialty malt extracts contribute to improved flavor and color in bakery products. Alongside specialty malt extracts, standard malt extracts, light malt extracts, and dark malt extracts, derived from malt ingredients, contribute to the anticipated growth of the malt extract segment, particularly in the Asia Pacific region.
Application Insights
The beverages segment, driven by the use of malt extracts and ingredients in alcoholic and non-alcoholic drinks, is expected to dominate the market. Malt’s incorporation into beer manufacturing significantly influences the beer’s texture, flavor, and color. The alcohol content of beer is also dependent on the malt extract used, contributing to the segment’s growth. Increased demand for malt extracts to impart specific aromas to beer and other non-alcoholic drinks, coupled with the rising consumption of beer among the younger and middle-aged demographics, is expected to fuel the segment’s growth. Malt’s role as a base ingredient in spirits, including whiskey, further contributes to market expansion.
Form Insights
Malt extract is available in liquid and dry formats, with the dry-form segment expected to hold the highest market share due to its diverse applications. Natural enzymes present in malt flour, widely used in bakery products, drive growth in this segment. The concentrated malt flour with natural enzymes enhances product quality, particularly in the manufacturing of lightweight bakery products, improving yeast performance and fermentation. Dry malt is also available in flake form, providing a good source of fiber and finding application in the production of bread and rolls. Consequently, the dry format segment is poised for growth during the forecast period.
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
Segments Covered in the Report
By Product
By Source
By Grade
By Application
By Form
By Geography
Malt Extracts And Ingredients Market Report Scope | |
Report Attribute | Details |
Market Size value in 2023 | USD 22.18 billion |
Revenue Forecast in 2030 | USD 31.40 billion |
Growth Rate | CAGR of 5.09% from 2023 to 2030 |
Base Year for estimation | 2022 |
Historical Data | 2018 – 2021 |
Forecast Period | 2023 – 2030 |
Report Updated | Dec-23 |
Quantitative Units | Revenue in USD million and CAGR from 2023 to 2030 |
Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments Covered | Product Type, Source, Grade, Application, Form, Region |
Regional Scope | North America; Europe; Asia Pacific; Latin America; MEA |
Country Scope | 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. |
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID-19 Impact on Malt Extracts And Ingredients Market
5.1. COVID-19 Landscape: Malt Extracts And Ingredients Industry Impact
5.2. COVID-19 – Impact Assessment for the Industry
5.3. COVID-19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Malt Extracts And Ingredients Market, By Product
8.1. Malt Extracts And Ingredients Market, by Product, 2023-2032
8.1.1. Extracts
8.1.1.1. Market Revenue and Forecast (2021-2032)
8.1.2. Ingredients
8.1.2.1. Market Revenue and Forecast (2021-2032)
Chapter 9. Global Malt Extracts And Ingredients Market, By Source
9.1. Malt Extracts And Ingredients Market, by Source, 2023-2032
9.1.1. Soy
9.1.1.1. Market Revenue and Forecast (2021-2032)
9.1.2. Wheat
9.1.2.1. Market Revenue and Forecast (2021-2032)
9.1.3. Rye
9.1.3.1. Market Revenue and Forecast (2021-2032)
Chapter 10. Global Malt Extracts And Ingredients Market, By Grade
10.1. Malt Extracts And Ingredients Market, by Grade, 2023-2032
10.1.1. Standard malt
10.1.1.1. Market Revenue and Forecast (2021-2032)
10.1.2. Specialty malt
10.1.2.1. Market Revenue and Forecast (2021-2032)
Chapter 11. Global Malt Extracts And Ingredients Market, By Application
11.1. Malt Extracts And Ingredients Market, by Application, 2023-2032
11.1.1. Beverage
11.1.1.1. Market Revenue and Forecast (2021-2032)
11.1.2. Food
11.1.2.1. Market Revenue and Forecast (2021-2032)
11.1.3. Pharmaceuticals
11.1.3.1. Market Revenue and Forecast (2021-2032)
Chapter 12. Global Malt Extracts And Ingredients Market, By Form
12.1. Malt Extracts And Ingredients Market, by Form, 2023-2032
12.1.1. Dry
12.1.1.1. Market Revenue and Forecast (2021-2032)
12.1.2. Liquid
12.1.2.1. Market Revenue and Forecast (2021-2032)
Chapter 13. Global Malt Extracts And Ingredients Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Product (2021-2032)
13.1.2. Market Revenue and Forecast, by Source (2021-2032)
13.1.3. Market Revenue and Forecast, by Grade (2021-2032)
13.1.4. Market Revenue and Forecast, by Application (2021-2032)
13.1.5. Market Revenue and Forecast, by Form (2021-2032)
13.1.6. U.S.
13.1.7. Rest of North America
13.2. Europe
13.2.1. Market Revenue and Forecast, by Product (2021-2032)
13.2.2. Market Revenue and Forecast, by Source (2021-2032)
13.2.3. Market Revenue and Forecast, by Grade (2021-2032)
13.2.4. Market Revenue and Forecast, by Application (2021-2032)
13.2.5. Market Revenue and Forecast, by Form (2021-2032)
13.2.6. UK
13.2.9. Germany
13.2.12. France
13.2.14. Rest of Europe
13.3. APAC
13.3.1. Market Revenue and Forecast, by Product (2021-2032)
13.3.2. Market Revenue and Forecast, by Source (2021-2032)
13.3.3. Market Revenue and Forecast, by Grade (2021-2032)
13.3.4. Market Revenue and Forecast, by Application (2021-2032)
13.3.5. Market Revenue and Forecast, by Form (2021-2032)
13.3.6. India
13.3.8. China
13.3.10. Japan
13.3.11. Rest of APAC
13.4. MEA
13.4.1. Market Revenue and Forecast, by Product (2021-2032)
13.4.2. Market Revenue and Forecast, by Source (2021-2032)
13.4.3. Market Revenue and Forecast, by Grade (2021-2032)
13.4.4. Market Revenue and Forecast, by Application (2021-2032)
13.4.5. Market Revenue and Forecast, by Form (2021-2032)
13.4.6. GCC
13.4.8. North Africa
13.4.10. South Africa
13.4.11. Rest of MEA
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Product (2021-2032)
13.5.2. Market Revenue and Forecast, by Source (2021-2032)
13.5.3. Market Revenue and Forecast, by Grade (2021-2032)
13.5.4. Market Revenue and Forecast, by Application (2021-2032)
13.5.5. Market Revenue and Forecast, by Form (2021-2032)
13.5.6. Brazil
13.5.8. Rest of LATAM
Chapter 14. Company Profiles
14.1. Groupe Soufflet
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Muntons PLC
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Viking Malt
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Diastatische Producten
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Laihian Mallas
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Rahr corporations
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Graincorp Limited
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Malteurop Group
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Maltexco
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Malt products
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
By Product
By Source
By Grade
By Application
By Form
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