Malt Ingredients Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032

The global malt ingredients market was estimated to be US$ 22.68 Billion in 2022 and is expected grow at a CAGR of 5.2% between 2023 to 2032.

Malt is an ingredient that is typically made from grains such as barley, wheat, or rye that have been allowed to sprout, and then dried and sometimes roasted. During the sprouting process, enzymes are activated that convert the grain's starches into simple sugars, which can then be used by yeast to ferment the sugars into alcohol.

Malt is commonly used in the production of beer, whiskey, and other alcoholic beverages. It can also be used in baking and cooking to add flavor and color to breads, cookies, and other baked goods.

Malt Ingredients Market Drivers

Growing demand for alcoholic beverages is driving the market growth

The global malt ingredients market is being driven by a variety of factors. Firstly, the increasing demand for beer and other alcoholic beverages is driving the popularity of malt ingredients. The trend towards craft beer and microbreweries has also led to an increase in demand for high-quality malt ingredients with unique flavor profiles.

Secondly, the growing consumption of bakery and confectionery products is leading to an increase in demand for malt ingredients. Malt ingredients are used to add flavor, color, texture, and enhance the nutritional value of these products.

Thirdly, consumers are becoming more health-conscious and are looking for natural, plant-based ingredients in their food and beverages. Malt ingredients are perceived as a natural, wholesome, and nutrient-dense ingredient, which is driving their popularity.

Fourthly, the expansion of the food and beverage industry is creating a larger market for malt-based nutritional supplements and animal feed. Finally, technological advancements in malt production processes are enabling manufacturers to produce high-quality malt ingredients that meet the growing demand for gluten-free and organic products.

As the demand for natural and healthy ingredients continues to grow, the market for malt ingredients is expected to continue to expand in the coming years. Malt ingredients are used in a variety of applications such as beer, bakery and confectionery products, nutritional supplements, and animal feed. With the rising demand for malt-based products and the availability of advanced technology for production processes, the global malt ingredients market is poised for growth in the years to come.

Sources segmentation of Global Malt Ingredients Market

Barley source segment holds the largest share

Based on the sources, the market is segmented into Barley, Wheat, Rye, and Other sources.

Among these, the Barley source segment holds the largest share in the global malt ingredients market because barley is the most commonly used grain in the production of malt. Barley has the ideal balance of enzymes, sugars, and proteins needed for malting, which makes it the preferred grain for the malt production process.

In addition, barley malt has a mild flavor that can be easily adjusted to meet the needs of different food and beverage applications, such as beer, bakery, and confectionery products.

The fastest-growing segment in the global malt ingredients market is the Other sources segment, which includes grains such as sorghum, corn, and rice. This segment is growing rapidly due to the rising demand for gluten-free products and the increasing popularity of non-traditional grains in the production of malt.

For example, in the beer industry, there has been a significant increase in the production of gluten-free beer made from non-traditional grains such as sorghum and rice. In addition, non-traditional grains are being used in the production of specialty malt products for use in bakery and confectionery products.

Overall, the Other sources segment is expected to continue to grow as manufacturers seek to meet the evolving needs of consumers for gluten-free and non-traditional grain-based products.

Application segmentation of Global Malt Ingredients Market

Pharmaceutical application segment is the fastest-growing segment in the market

Based on the application, the market is segmented into Food, Beverage, Pharmaceutical, and other applications.

Among these, the beverage application segment is the largest owing to the high demand for malt-based products in the beverage industry. Malt ingredients are a key ingredient in the production of beer, which is one of the most popular alcoholic beverages globally.

They are also used in the production of other alcoholic and non-alcoholic beverages, such as whiskey, malted milk, and energy drinks. The demand for these products is driving the growth of the beverage application segment in the malt ingredients market.

The pharmaceutical application segment is the fastest-growing segment in the malt ingredients market, and this is due to the increasing demand for malt-based nutritional supplements. Malt ingredients are a natural and nutrient-dense ingredient, making them a popular choice in the production of dietary supplements.

They are used in supplements to enhance their nutritional value and provide various health benefits. For example, malt-based supplements are used to improve digestive health, boost the immune system, and provide energy. The growing interest in natural and organic products is driving the demand for malt-based nutritional supplements, which is expected to drive the growth of the pharmaceutical application segment in the coming years.

Regional trends of the Global Malt Ingredients Market

Increasing demand for a popular alcoholic beverage in the North America

Geographically, the global malt ingredients market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America.

Following are some of the major trends in these regions –

North America: The North American market for malt ingredients is driven by the increasing demand for beer, a popular alcoholic beverage in the region. Craft beer has gained popularity in North America, leading to an increase in demand for high-quality malt ingredients that can be used to create unique flavors.

The health benefits of malt ingredients are also contributing to the growing demand for these products. North American consumers are increasingly looking for natural and organic ingredients, making malt ingredients an attractive option for food and beverage manufacturers.

Furthermore, the increasing demand for malt ingredients in the pharmaceutical industry is also driving the growth of the North American malt ingredients market.

Europe: The European market for malt ingredients is driven by the increasing demand for healthy and natural ingredients. Malt ingredients are perceived as a natural and wholesome ingredient that can be used to create healthier food and beverage products. The growth of the beer industry in Europe is also contributing to the growth of the malt ingredients market.

The region is home to several well-known beer brands that use malt ingredients in the production of their products. The growing demand for non-alcoholic malt beverages is also driving the growth of the malt ingredients market in Europe.

Asia-Pacific: The Asia-Pacific market for malt ingredients is driven by the increasing demand for alcoholic beverages, particularly beer, in the region. The region has a growing population and a growing middle class, which is leading to increased consumption of beer and other alcoholic beverages. This is driving the growth of the malt ingredients market in Asia-Pacific.

The growing trend towards healthy and natural ingredients is also driving the demand for malt ingredients in the region. Furthermore, the demand for malt ingredients in the pharmaceutical industry is increasing in the region, which is further driving the growth of the malt ingredients market.

Key players and market strategies:

Companies operating in the global malt ingredients market have adopted several growth strategies to expand their market share and increase their revenue. One of the primary strategies is product innovation. Companies are focusing on developing new and innovative malt ingredients that cater to the changing needs and preferences of consumers. This includes developing malt ingredients that are healthier, natural, and have unique flavor profiles.

In addition, companies are investing in research and development to create new applications for malt ingredients in different industries like food, beverage, and pharmaceutical.

Another growth strategy adopted by companies in the malt ingredients market is mergers and acquisitions. Companies are acquiring or merging with other companies to expand their geographic reach, increase their market share, and acquire new technologies and products. This allows companies to leverage their strengths and resources to improve their operations and increase their competitiveness.

Moreover, companies are also expanding their distribution channels and investing in marketing and advertising to increase their visibility and brand awareness. By adopting these strategies, companies operating in the global malt ingredients market are expected to experience strong growth in the coming years.

Some of the biggest companies operating in the global malt ingredients market are Axéréal, Briess Malt & Ingredients, BSG CraftBrewing, Cargill, Inc., Crisp Malting, GrainCorp Ltd., Muntons PLC, Polttimo, Simpsons Malt, The Soufflet Group, VIVESCIA Industries (Malteurop), and many more.

Global Malt Ingredients Market Segmentation:

By Source:

• Barley
• Wheat
• Rye
• Others

By Application:

• Food
• Beverage
• Pharmaceutical
• Other Applications

By Region

• North America
  • United States
  • Canada
  • Rest of North America
• Europe
  • Germany
  • United Kingdom
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  
  • Japan
  • India
  • China
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Middle East & Africa
  •  UAE
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa
• South America
  • Brazil
  • Rest of South America

1. Introduction
   • Research Objectives
   • Report Assumptions
   • Research Methodology
   • Abbreviations
2. Preface
   • Market Definition
   • Report Scope and Market Segmentation
   • Research Highlights
3. Market Synopsis: Global Malt Ingredients Market
4. Global Malt Ingredients Market Qualitative Analysis
   • Trends
     • Market trends
     • Technology Trends
   • PESTLE Analysis (For 3 prominent countries)
   • Market Influencers
     • Driving Forces
     • Hindering Forces
     • Opportunities
   • COVID-19 impact
   • Porter’s Five Forces Analysis
   • Value Chain Analysis
5. Global Malt Ingredients Market Analysis and Forecast, by Source
   • Overview and definitions
   • Key segment analysis
   • Global Malt Ingredients Market Estimates (US$ Mn), by Source, 2019 – 2032
     • Barley
     • Wheat
     • Rye
     • Others

6. Global Malt Ingredients Market Analysis and Forecast, by Application
   • Overview and definitions
   • Key segment analysis
   • Global Malt Ingredients Market Estimates (US$ Mn), by Application, 2019 – 2032
     • Food
     • Beverage
     • Pharmaceutical
     • Other Applications

7. Global Malt Ingredients Market Analysis and Forecast, by Region
   • Overview and definitions
   • Key segment analysis
   • Global Malt Ingredients Market Estimates (US$ Mn), by Region, 2019 – 2032
     • North America
     • Europe
     • Asia Pacific
     • Middle East & Africa
     • South America

8. North America Malt Ingredients Market Analysis and Forecast
   • Overview and definitions
   • Key segment analysis
   • North America Malt Ingredients Market Estimates (US$ Mn), by Source, 2019 – 2032
     • Barley
     • Wheat
     • Rye
     • Others
   • North America Malt Ingredients Market Estimates (US$ Mn), by Application, 2019 – 2032
     • Food
     • Beverage
     • Pharmaceutical
     • Other Applications
   • North America Malt Ingredients Market Estimates (US$ Mn), by Country, 2019 – 2032
     • United States
     • Canada
     • Rest of North America

9. Europe Malt Ingredients Market Analysis and Forecast
   • Overview and definitions
   • Key segment analysis
   • Europe Malt Ingredients Market Estimates (US$ Mn), by Source, 2019 – 2032
     • Barley
     • Wheat
     • Rye
     • Others
   • Europe Malt Ingredients Market Estimates (US$ Mn), by Application, 2019 – 2032
     • Food
     • Beverage
     • Pharmaceutical
     • Other Applications
   • Europe Malt Ingredients Market Estimates (US$ Mn), by Country, 2019 – 2032
     • Germany
     • United Kingdom
     • Italy
     • France
     • Spain
     • Rest of Europe

10. Asia Pacific Malt Ingredients Market Analysis and Forecast
    • Overview and definitions
    • Key segment analysis
    • Asia Pacific Malt Ingredients Market Estimates (US$ Mn), by Source, 2019 – 2032
      • Barley
      • Wheat
      • Rye
      • Others
    • Asia Pacific Malt Ingredients Market Estimates (US$ Mn), by Application, 2019 – 2032
      • Food
      • Beverage
      • Pharmaceutical
      • Other Applications
    • Asia Pacific Malt Ingredients Market Estimates (US$ Mn), by Country, 2019 – 2032
      • China
      • Japan
      • South Korea
      • India
      • Australia
      • Rest of Asia Pacific

11. Middle East & Africa Malt Ingredients Market Analysis and Forecast
    • Overview and definitions
    • Key segment analysis
    • Middle East & Africa Malt Ingredients Market Estimates (US$ Mn), by Source, 2019 – 2032
      • Barley
      • Wheat
      • Rye
      • Others
    • Middle East & Africa Malt Ingredients Market Estimates (US$ Mn), by Application, 2019 – 2032
      • Food
      • Beverage
      • Pharmaceutical
      • Other Applications
    • Middle East & Africa Malt Ingredients Market Estimates (US$ Mn), by Country, 2019 – 2032
      • UAE
      • Saudi Arabia
      • South Africa
      • Rest of MEA

12. South America Malt Ingredients Market Analysis and Forecast
    • Overview and definitions
    • Key segment analysis
    • South America Malt Ingredients Market Estimates (US$ Mn), by Source, 2019 – 2032
      • Barley
      • Wheat
      • Rye
      • Others
    • South America Malt Ingredients Market Estimates (US$ Mn), by Application, 2019 – 2032
      • Food
      • Beverage
      • Pharmaceutical
      • Other Applications
    • South America Malt Ingredients Market Estimates (US$ Mn), by Country, 2019 – 2032
      • Brazil
      • Argentina
      • Rest of South America

13. Competition Analysis – Global Malt Ingredients Market
    • Market Composition
    • Market Share Analysis (%), by Supplier (2022)
    • Company Profiles
      • Axéréal, Briess Malt & Ingredients
        • Business overview
        • Geographic presence
        • Product portfolio
        • Financial facts
        • Relevant news and strategic view
      • BSG CraftBrewing
      • Cargill, Inc.
      • Crisp Malting
      • GrainCorp Ltd.
      • Muntons PLC
      • Polttimo
      • Simpsons Malt
      • The Soufflet Group
      • VIVESCIA Industries (Malteurop)

14. Conclusion & Recommendations