According to Zion Market Research, the global demand for Malt Ingredients Market was valued at about USD 16.9 billion in 2019 and is expected to generate revenue of around USD 22.26 billion by the end of 2026, growing at a CAGR of around 4% between 2020 and 2026.
Malt is created from leftover cereal grains that have dried and germinated. Malt is typically manufactured from barley grain that has been soaked in water and allowed to germinate. This is known as malting. During this process, the starch in the components is converted to sugars such as glucose and fructose. Malt components have numerous uses in the food and beverage sectors. Malt additions enhance the flavor and texture of a wide range of foods. Maltesers and whoppers, beer, whisky, malted shakes, malt vinegar, Horlicks, Ovaltine, milo, malt bread, bagels, and rich tea biscuits are all made with these ingredients.
Read Report: https://www.zionmarketresearch.com/news/malt-ingredient-market
Global Malt Ingredients Market: Growth Factors
Increased demand from the food and beverage sectors is driving the worldwide malt ingredients market. In the next years, rising demand for dairy products and beer is expected to stimulate demand for malt components. The convenience food market is growing and is likely to grow even more, increasing demand for malt components. Growing health consciousness has also extended the range of products available in the food industry. Malt extracts are extensively used as colorants, flavors, and additions in the manufacture of snack bars, cookies, flakes, milk powder, and nutritional syrups. Beer is a popular beverage among the world’s young people, and as this aspirational group develops, so does the popularity of beer.
Global Malt Ingredients Market: Segmentation
The global malt ingredients market is segmented into three categories: source, applications, and geography. The source segmentation of barley, wheat, and rye malt is covered in this paper. Among the primary application segments addressed in this study are the food sector, alcoholic beverages, non-alcoholic beverages, the pharmaceutical industry (supplements), and others. Furthermore, for this section of the study, market size and estimates in terms of volume (kilo tonnes) and revenue (USD million) have been provided, with 2015 as the base year. Furthermore, the study provides the compounded annual growth rate (% CAGR) from 2016 to 2021.
Based on regional segmentation, the research covers a wide range of regions and countries, including North America, Latin America, the Middle East and Africa, Asia-Pacific, and Europe. The report is divided into significant countries, including the United States, Germany, France, the United Kingdom, China, Japan, India, and Brazil. This category includes demand for malt components in all regions and countries based on unique applications.
Global Malt Ingredients Market: Competitive Players
Some of the significant players in the global sales performance management market are Cargill, Inc.; Axéréal; Crisp Malting; Muntons PLC; VIVESCIA Industries (Malteurop); Simpsons Malt; Briess Malt & Ingredients; GrainCorp Ltd.; The Soufflet Group; BSG CraftBrewing; Politico.
Global Malt Ingredients Market: Regional Segment Analysis
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Contact US
Zion Market Research
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL-FREE +1 (855) 465-4651
Email: [email protected]
Read Also:
https://www.linkedin.com/pulse/global-asian-food-market-size-share-growth-trends-analysis-patil/