About Malt Ingredients
Malt is considered as a primary source of ingredient for many breweries, with rising awareness regarding the benefits of malts has given the scope to the manufacturers to increase the production of malts as an additive, flavor, and ingredient in the food industry. Barely is considered a major source for malt ingredients, in which the beverage industry consumes the major segmentation by owing to increase in alcoholic beverages such as beer, vodka scotch, etc.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Malt Ingredients market is a highly competitive market with a few major companies. The increasing applications of malt are attracting more players to enter into the market. The brewing industry is the major area of application of malt ingredients. Players are also expanding their ingredient sources to enter into new applications Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Malt Ingredients market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Global Malt GmbH & Co. Kg (Germany), Cargill Incorporated (United States), GrainCorp (Australia), Simpsons Malt Ltd. (United Kingdom), Malteurop Groupe S.A. (United States), Boortmalt (Belgium), Muntons PLC (United Kingdom), Soufflet Group (France), Ireks GmbH (Germany) and Agraria (Brazil) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Bairds Malt (United Kingdom), Barmalt (India), Briess Malt & Ingredients (United States) and Cofco Malt (China).
Segmentation Overview
AMA Research has segmented the market of Global Malt Ingredients market by Type (Dry Extracts, Liquid Extracts and Malt Flour), Application (Bread, Biscuits, Brownie, Cookies, Cakes & Pastries, Doughnuts and Pizza) and Region.
On the basis of geography, the market of Malt Ingredients has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-User, the sub-segment i.e. Alcoholic & Non-Alcoholic Beverages Industry will boost the Malt Ingredients market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Grade, the sub-segment i.e. Standard will boost the Malt Ingredients market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Barley will boost the Malt Ingredients market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Usage of Alcoholic Beverages in Making Some Authenticated Dishes and Evolving Different Taste Preferences of Consumers Related to Alcohols
Market Growth Drivers:
Increase In Consumption of Alcoholic Beverages Globally and Multi Functionality of These Malt Has Increased the Demand for Malt Ingredients
Challenges:
Availability of Different Substitutes in Market and Issue Related With the Quality of Barely Coupled With Seasonal Variation of Environment
Restraints:
Fluctuating Price of Barley Affecting Malt Ingredients Manufacturers and Strict Food Regulations and Healthy Food Habits
Opportunities:
Growing Consumer Preference For Processed and Convenience Food Products in Developing Economies and Increasing Awareness Regarding the Health Benefits of Malt Coupled With Its Wide Range of Application in the Foods and Beverages Sector
Market Leaders and their expansionary development strategies
September 2022: Muntons launched barley and wheat malt ingredients for the manufacturing of plant-based meat. The company aimed to offer 100% environmentally sustainable ingredients for manufacturers to produce plant-based burgers, sliced deli beef, and sausages. Source: https://www.mordorintelligence.com/industry-reports/malt-ingredient-market
On 28th May 2019, Global Brands, an independent drink producer had developed two new drinks named Shake Baby Shake and Beviaoma, majorly for supermarkets. Beviaoma is an Italian drink which contains Italian wine and soda water while as Shake Baby Shake is released into two flavors such as Raspberry mojito and passion fruit Martini
Trade Correspondence (TC-225) issued April 11, 1940, included this statement,” This Administration has been holding that ‘malt syrup' without qualification, means barley malt syrup. If this name is used to designate any other product, in our opinion, it would be misleading under Section 403(a) of the Act. A product of this type made from barley and other cereal or cereals would be more appropriately named 'malted cereal syrup'.”
Key Target Audience
Malt ingredient manufacturers, Foods & beverages industry, Pharmaceutical industry, Raw material suppliers, Investment bankers, Traders, importers, and exporters and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.