What Has Been the Growth of the Malt Extracts And Ingredients Market So Far?
The malt extracts and ingredients market has seen considerable growth due to a variety of factors.
•The market size for malt extracts and ingredients has notably expanded in the past few years. The market value, which stood at $20.5 billion in 2024, is predicted to reach $21.65 billion in 2025, with a compound annual growth rate (CAGR) of 5.6%.
The surge during the historic period has been a result of factors including traditional brewing utility, industrial and food use, varied product availability, changes in consumer taste, emerging trends in food and beverage, and enhancements in quality and consistency.
What Are the Future Growth Projections for the Malt Extracts And Ingredients Market?
The malt extracts and ingredients market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, a substantial expansion is forecasted for the malt extracts and ingredients market as it is predicted to reach $26.38 billion in 2029, growing at a compound annual growth rate (CAGR) of 5.1%.
The anticipated growth for this period is correlated with various factors such as market development and proliferation, increasing consumer health consciousness, product novelty and variety, change in food habits, and global trade dynamics. Key trends projected for this period include health and wellness trends, varied applications, products with clear labels, innovation in flavours and varieties, as well as sustainability and procurement practices.
What Are The Core Factors Supporting Growth In The Malt Extracts And Ingredients Market?
The rising trend of craft beer is set to boost the advancement of the malt extracts and ingredients marketplace. Craft beer is a type of beer brewed by small, independent businesses employing traditional techniques and superior quality components. Malt extract, a primary ingredient in beer, is commonly used by many craft brewers to expedite the brewing process. For example, data from the Brewers Association, an American trade organization representing the interests of small and independent craft brewers, stated that in 2022, retail sales of craft beer increased by 5% from 2021, amounting to $28.4 billion. Additionally, craft beer represented roughly 24.6% of the entire beer market. The count of craft brewers in the United States rose by 3.7%, from 9,210 in 2021 to 9,552. Therefore, the increasing demand for craft beer is propelling the growth of the malt extracts and ingredients sector.
What Are The Major Segments Within The Global Malt Extracts And Ingredients Market?
The malt extracts and ingredients market covered in this report is segmented –
1) By Product: Extracts, Ingredients
2) By Source: Barley, Wheat, Rye and Rice, Oats, Sorghum, Millets, Corn
3) By Form: Dry, Liquid
4) By Product Type: Diastatic, Non-Diastatic, Brewery-Grade
5) By Application: Beverages, Food, Pharmaceuticals, Other Applications
Subsegments:
1) By Extracts: Liquid Malt Extract, Dry Malt Extract, Specialty Malt Extract
2) By Ingredients: Malted Barley, Malted Wheat, Malted Rye, Malted Oats, Other Grains
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Which Trends Are Expected To Transform The Malt Extracts And Ingredients Market?
Principal businesses in the malt extracts and ingredients industry are concentrating on innovative product introductions such as single malt whisky in order to improve their range and meet the changing preferences of the consumers. Single malt whisky is a specific type of whisky manufactured from malted barley in a single distillery, involving a pot still process and a minimum three-year maturation in oak barrels, recognized for its unique and rich taste. For example, Pernod Ricard, a company based in France dealing with beverages, made a significant stride in the cocktail ingredient sector by introducing Longitude77 in December 2023. This malt extract, derived from handpicked grains, promotes a sophisticated and intricate flavour, matching several spirits and mixers. By incorporating top-tier malt extracts in its product assortment, Pernod Ricard is targeting to fulfill the increasing need for innovative and artisanal cocktail ingredients, attracting both expert bartenders and DIY mixologists. The introduction of Longitude77 establishes Pernod Ricard as a pioneer in the malt extracts and ingredients industry, highlighting its dedication to excellence and ingenuity in its beverage assortment.
Who Are the Key Players in the Malt Extracts And Ingredients Market?
Major companies operating in the malt extracts and ingredients market include:
• Muntons plc
• Viking Malt AB
• Diastatische Producten B.V.
• Laihian Mallas Oy
• Rahr Corporation
• Malteurop Group
• Maltexco S.A.
• Malt Products Corp.
• Holland Malt B.V.
• Boortmalt N.V.
• Imperial Malts Ltd.
• Agraria Malte Ltd.
• Puremalt Products Ltd.
• Cerex B.V.
• EDME Ltd.
• United Malt Group Limited
• GrainCorp Limited
• Axéréal Group
• Soufflet Group
• Crisp Malting Group Limited
• IREKS GmbH
• Simpsons Malt Ltd.
• Cargill Incorporated
• Briess Malt & Ingredients Co.
• Weyermann Malting Company
• Thomas Fawcett & Sons Ltd.
• Mouterij Dingemans
• Castle Malting SA
• Bestmalz
• Global Malt GmbH & Co. KG
What Is The Most Dominant Region In The Malt Extracts And Ingredients Market?
Europe was the largest region in the malt extracts and ingredients market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global malt extracts and ingredients market during the forecast period. The regions covered in the malt extracts and ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
