The global malt ingredient market is projected to reach around US$ 8467.6 million by the end of 2027, in terms of revenue, growing at CAGR of 4.7% during the forecast period (2019-2027).
Growing demand for functional food among consumers is expected to foster the market growth of malt ingredients. According to the report published by the Institute of Food Technologists in April 2018, sales of natural and organic foods reached US$ 253 billion in 2017; functional/fortified foods totaled US$ 247 billion. Hence, the rising demand for functional food is expected to accelerate the market growth of malt ingredients.
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Global is expected to have high consumption in the next few years. For the demand for Malt Ingredient, the price and is expected to increase but on a small scale. Market Segment by Manufacturers, this report covers: Axereal Group, Cargill, Incorporated, RAGLETH LTD., GrainCorp Malt Group, IREKS GmbH, Dohler GmbH, VIVESCIA Industries, Muntons plc, Polttimo Oy, Malt Products Corporation, Briess Malt & Ingredients Co., Malteries Soufflet SAS, and Simpsons Malt Limited
The Global Malt Ingredient Market evaluated the report on the basis of various attributes such as manufacturing base, products or services, and raw material to understand the requirements of the businesses. This report would help stakeholders understand the competitive landscape and gain insights to better position their businesses.
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The malt is one of the most popular cereal grains that is produced by using barley in which barley is soaked in water then dried in the hot water, this process allows germination of barley. This process is called malting. Malting process enables the starches in the grains to convert into sugars, such as glucose and fructose and glucose. There are two types of malt powder available in the market called diastatic and nondiastatic. Diastatic malt product is used during baking in order to ensure the proper rise of the baked product. Nondiastatic does not contain any enzymes and thus mainly used as a flavor in the beverages. It is gaining huge demand as a functional ingredient in the preparation of functional food such as nutritional foods and drinks as it contains essential vitamin-B and amino acid and is also consider as a rich source of fiber.
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Years Considered to Estimate the Malt Ingredient Market Size:
History Year: 2015-2019
Base Year: 2021
Estimated Year: 2021
Forecast Year: 2021-2028
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