Malt Market Size, Share, Growth & Industry Trend Report 2031

Report Description

Malt Market Outlook 2031

The global malt market size was valued at USD 3.68 Billion in 2022 and is anticipated to reach USD 4.93 Billion by 2031, expanding at a CAGR of 3.3% during the forecast period, 2023-2031. Malt is a product made from grains by a malting process that requires partial germination to change the natural food components of the grains. Malt is mostly used in the production of beer.

Malt is typically made from barley, corn, and wheat, with rice, and rye being used less commonly. Being a vital ingredient for various food & beverage products, it is widely used in the production of alcoholic beverages such as Whiskey and beers. It is also used to make malt vinegar, malted shakes, flavored drinks such as Milo and Horlicks, and baked goods including malt loaf, bagels, and rich tea.

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Malt Market Trends, Drivers, Restraints, and Opportunities

• Extensive usage of malt in the brewing sector and its vast application in the food business are the primary drivers of the market expansion.
• Growing consumption of alcohol beverage and rapid use of natural malt in the production of breweries are propelling the market forward.
• Rising consumer knowledge of the benefits of malt and the growing use of malt-based non-alcoholic and alcoholic products are driving market expansion.
• Increasing popularity of wine as well as the presence of local businesses offering low-cost products are major challenges, projected to hamper the market growth in the coming years.
• Uncertain environmental conditions of bearing malt and its cultivation to ensure a proper supply chain for the food & beverage industry is projected to restrict the global malt market growth.
• Increasing development of hygienic ingredients as well as rising demand for malt-based drinks and snacks are expected to offer numerous opportunities for the market growth.

Scope of Malt Market Report:

The report on the global malt market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Malt Market Segment Insights

Types Segment Analysis

Based on types, the malt market is segmented into barley malt, malt extract powder, malt flour, rye malt, and wheat malt. The barely malt segment is projected to hold significant market share due to an increase in the demand for alcoholic beverages such as beer, whiskey, scotch, vodka, and nonalcoholic beverages.

Barley malt is primarily used in the manufacture of beer, malt vinegar, whiskey, and malted milk. Owing to its high protein content and simplicity of malting, barley is one of the most common and traditional sources of malt components. Moreover, barley is widely used in the beer business due to increasing awareness of the health advantages of barley-based beverages among a large number of consumers globally.

Forms Segment Analysis

On the basis of forms, the market is bifurcated into liquid and dry. The dry segment is anticipated to account for a substantial share as dry malt is extensively utilized in the most extreme applications and made into the following forms: flakes, flour, and powder. Malt flour is carefully conditioned with a high proportion of natural enzymes, which is mostly used in bread and confectionery items.

It boosts yeast performance by increasing air retention, improving fermentation, and increasing air retention. Malt flakes are an excellent source of fiber and taste. Malted flakes offer texture to baked goods such as rolls and bread.

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Applications Segment Analysis

In terms of applications, the malt market is fragmented into beer industry, beverages, food industry, pharmaceutical industry, and whisky distilleries. The beer industry segment is expected to register a healthy growth rate in the coming years. Malt is an important ingredient in the beer industry. It contains carbs and sugar, both of which are required to give beer its particular alcohol and flavor level.

Different types of malt are utilized to give the beer different flavors, colors, and textures. They are in charge of giving alcoholic beverages their texture and fragrance. Malt is the primary ingredient in many different alcoholic beverages, including whiskey and other spirits.

Regional Analysis

In terms of regions, the market is classified as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe is expected to dominate the market owing to the growing understanding of the people regarding the importance of good eating habits. The surge in craft breweries and increased beer consumption are the primary drivers driving growth in the region.

As a result of these circumstances, there has been an increase in the supply of malt ingredients in the region. There has been a rise in public awareness of the health advantages of malts and their use in a variety of culinary and beverage applications among a large number of the regional population.

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