What Has Been Malt Ingredients Market in Recent Years?
The malt ingredients market has seen considerable growth due to a variety of factors.
• The size of the malt ingredients market has seen robust growth in the past few years. It is projected to expand from $23.06 billion in 2024 to $24.35 billion in 2025, showing a compound annual growth rate (CAGR) of 5.6%.
The remarkable growth during the historic phase is due to traditional brewing methods, the industrial development of brewing, cultural and regional effects, the formation of malt houses, and its historical significance in distilling.
What Are the Future Growth Projections for the Malt Ingredients Market?
The malt ingredients market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the malt ingredients market is projected to experience robust growth, reaching a valuation of $30.59 billion in 2029, with a compound annual growth rate (CAGR) of 5.9%.
This growth over the forecast period is due to factors such as changes in consumer taste preferences, globalization leading to international market expansion, innovations in functional beverages, a focus on sustainability and organic ingredients, and an increase in gluten-free and specialty malt products. Key trends for the forecast period involve changing consumer preferences, a rise in craft beer production and distillation, heightened health and wellness awareness, innovations in brewing methods, and the expansion in beverage options.
What Factors Are Driving Growth In The Malt Ingredients Market?
Malt ingredients market expansion is propelled by the growing beer demand. Often brewed from malted cereal grains, predominantly barley, and flavored with hops, beer is a fermented alcoholic beverage with a carbonation and less than 5% alcohol concentration. The rise in beer consumption worldwide is a byproduct of an increase in disposable income and shifts in consumer preferences. Malt ingredients, aside from contributing to the beer's color, flavor, and foam, also provide sugars required for fermentation and add health benefits. As reported by BeverageDaily.com, a UK-based online platform in April 2024, small and independent brewers together brewed 23.4 million barrels of beer in 2023. Craft beer's market share notably rose to 13.3% in 2023, compared to 13.1% in 2022 (by volume). Thus, it is anticipated that the heightened beer demand will further stimulate the malt ingredients market during the forecast period.
What Are The Major Segments Within The Malt Ingredients Market?
The malt ingredients market covered in this report is segmented –
1) By Type: Dry Malt, Liquid Malt, Malt Flour, Other Types
2) By Raw Material: Barley, Wheat, Rye, Maize, Rice, Oat
3) By Application: Brewing, Distilling, Cereals, Bakery, Beverages (Non-Alcoholic), Confectionery
Subsegments:
1) By Dry Malt: Malted Barley, Malted Wheat
2) By Liquid Malt: Liquid Malt Extract (LME), Malt Syrup
3) By Malt Flour: Diastatic Malt Flour, Non-Diastatic Malt Flour
4) By Other Types: Malt Extracts, Specialty Malts
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Which Trends Are Expected To Transform The Malt Ingredients Market?
One prevailing trend in the malt ingredients sector is the emphasis on strategic alliances and collaborations. Companies are embarking on joint ventures, aligning with malt ingredient producers to consolidate their resources and explore new market opportunities. An example of this happened in July 2022 when US-based crafted beverage ingredients supplier, the County Malt Group, partnered with AB Biotek, a UK-based company that produces yeast and integrated fermentation solutions. This partnership aims to supply yeast for the production of distilled spirits in the American market, thereby extending the outreach of the Country Malt Group.
Who Are the Key Players in the Malt Ingredients Market?
Major companies operating in the malt ingredients market include:
• Deltamalt
• Cargill Malt
• GrainCorp Limited
• Duerr Malzfabrik GmbH & Co KG
• Dobele Malz GmbH & Co KG
• Honeywell Specialty Grains LLC
• IREKS GmbH
• Grupo Huerga y CIA S.L.
• Haas Malz GmbH & Co KG
• Gerkens Malt BV
• Muntons PLC
• Gambrinus Malterie NV
• Malteurop Group S.A.
• Barmalt S.A.
• Briess Malt & Ingredients Company
• Imperial Malt Ltd.
• Dingemans BV
• Crisp Malt Limited
• Frey Malz GmbH & Co KG
• Farmos Oyj
• Eiselt Malz GmbH & Co KG
• Ernest Grain Ltd.
• Minnaar International BV
• Neville Maltings Ltd.
• Permalz GmbH & Co KG
• Provital Malt France
• Rehorst GmbH & Co KG
• Soufflet Malt Europe SAS
• Viking Malt Inc.
• Weyermann Malz GmbH & Co KG
What Is The Most Dominant Region In The Malt Ingredients Market?
Western Europe was the largest region in the malt ingredients market share in 2024. The regions covered in the malt ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
