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).
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.
The research report studies the Malt Ingredient Market using different methodologies and analyzers to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market.
Top Key Players in Malt Ingredient market: 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
Regional Analysis:
The market research report on the global Malt Ingredient market offers complete analysis across various regions around the globe. The report contains detailed country-level analysis, market revenue, market value and forecast analysis for the following countries and regions: Geographically, the comprehensive analysis of ingestion, revenue and Market share and growth speed, historical and forecast (2021-2027) of these regions are covered.
Market Restraints
The shortage of grain supply is expected to hinder the market growth of malt ingredients. According to Coherent Market Insights analysis, in March 2016, owing to a poor harvest in most malt grain-producing regions of the world, beer, bakery, and pharmaceutical industries are beginning to face a shortage of grains required for malting. Thus, a shortage of grains is expected to hamper the market growth of malt ingredients over the forecast period.
Key Takeaways:
On the basis of the source, the barley segment dominated the global malt ingredient market in 2018 with a 58% of market share in terms of value, followed by wheat and others.
Market Trends
Increasing adoption of smart strategies such as partnerships and agreements for enhancing their market presence is expected to foster market growth. For instance, in October 2019, Puratos Group and Estonian Malt have announced the signature of a joint venture agreement launching ‘Puratos Malt’. The JV builds on that successful collaboration to allow both companies to shape the future of sprouted grains together. This is expected to augment the market growth.
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