According to Future Market Insights’ analysis, the worldwide malt market would expand at a CAGR of 3.3% during the predicted time period. According to projections, the market would be worth US$ 5,119.0 Million in 2032 as opposed to US$ 3,699.8 Million in 2022.
Its widespread use in alcohols, drinks, and food products makes it a key commodity in the food and beverage sector. It is also used to make malted shakes, malt vinegar, flavoured drinks like Horlicks and Milo, as well as baked goods like bagels, malt bread, and rich tea. Malted barley is an ingredient in blended flours used to make yeast breads and other baked items.
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Malt Market: Drivers & Restraints
The key driver for this market is the use of malt in the beer industry, which is growing at a fast rate. Its widespread use in the food industry is another impetus for the growth of this market. Opportunities for this market lie in the use of different types of malt extracts in food products. Growing popularity of wine and other beverages acts as a hindrance in the growth of this market, as this would reduce the consumption of beer.
Increase in the use of organic malt in making breweries is boosting the growth of the market. The major challenge to this market is the entry of local players in the market. They offer low cost product, and thus are able to generate a broader customer base.
Malt Market: Segmentation
The global malt market can be broadly segmented on the basis of type, application, brewers, and source. On the basis of type, the malt market can be classified into-Dry Extract, Liquid Extract, Malt Flour. On the basis of application, the malt market can be segmented into-Beer Industry, Whisky Distilleries, Food & Beverages, and Pharmaceutical industry.
On the basis of brewers, the malt market can be segmented into- Base Malt, Standard Malt and Specialty Malt. On the basis of source, it can be segmented into-Barley, Wheat, Rye.
Malt Market: Region Wise Outlook
Geographically, the acai berry market is segmented into seven regions which are ; North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific excluding Japan (APEJ), and Middle East and Africa (MEA) and Japan.
North America has been the largest market for malts, sharing superiority in both production as well as consumption. Western Europe and Central Europe are also one of the key malt markets. Countries in Asia Pacific such as, China, South Korea and Australia are showing relatively quicker growth and are expected to be the dominant markets over the coming years.
Countries in Africa such as, Zimbabwe and Botswana constitute of two of the most promising market potentials followed by Latin America.
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Malt Market: Key Players
Some of the major companies manufacturing malts in the global market are Bairds Malt Ltd, Cargill Inc., Crisp Malting Group Ltd, Malteurop Group, Muntons Malt plc, Simpsons Malt Ltd. Cargill Inc. Bairds Malt Ltd. Crisp Malting Group Ltd., Heineken, Muntons Malt plc and others.
The report covers exhaustive analysis on
- Malt MarketSegments
- Malt MarketDynamics
- Historical Actual Market Size, 2013 – 2015
- Malt MarketSize & Forecast 2016 to 2026
- Supply & Demand Value Chain
- Malt MarketCurrent Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
- Malt MarketDrivers and Restraints
Regional analysis for Malt Marketincludes
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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