September 2024
Malt Extracts and Ingredients Market (By Product: Extracts, Ingredients; By Source: Soy, Wheat, Rye; By Grade: Standard malt, Specialty malt; By Application: Beverage, Food, Pharmaceuticals; By Form: Dry, Liquid) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032
The global malt extracts and ingredients market size was estimated at USD 22.4 billion in 2022 and is projected to hit around USD 35.46 billion by 2032, growing at a CAGR of 5.2% during the forecast period 2023 to 2032.
Malt is a cereal grain that is soaked in water for germination and exposed to hot air in order to stop the seeds or the cereal from germinating further. Due to this process, certain enzymes develop in the malting grains like alpha-amylase and beta-amylase. These enzymes are extremely important for the conversion of the starch content in the cereal to glucose maltose and higher sugars. Malt contains fructose and sucrose in smaller amounts. Malted grains are used for making beer, whiskey, malted milk, and malt vinegar. Barley is the most commonly used cereal for this process. Barley in the form of high protein is used in the manufacturing of baked items. Diastatic malt is a malt in which there are active enzymes and nondiastatic malt contains inactive enzymes. There are two different types of malts specialty malts and base malts.
Base malts have the capability of converting their own starch and specialty malts have very less diastatic power and are largely used in the manufacturing of beer. Malt extract is a sweet substance which is used as a dietary supplement across the globe. Malt extracts are largely used in the manufacturing of beer. The main ingredient used is barley grain. Barley is soaked in order to encourage sprouting in order to activate the enzymes but then they are exposed to cold temperatures in order to stop the sprouting in barley these enzymes remain active during the base malt production. In order to make the grains diastatic these greens are exposed to high temperatures during the period of the machine in order to deactivate the remaining enzymes. Several other procedures are carried out in order to try out the mixture and this mixture obtained is known as a malt extract. Many different types of grains are used in this process. Wheat, oats, sorghum, or other sources of malt.
Barley is widely used as it has a high protein content and it is extremely compatible with the malting process. There are many health benefits associated with the consumption of barley-based beverages and increasing awareness regarding the health benefits of its consumption is driving the growth of the market. Apart from the specialty malt extracts and standard malt extracts, there are two other classes of malt extracts dark and light malt extracts. Malt extracts and ingredients are widely used in the manufacturing of beer. The alcohol content of beer is derived by the use of malt. The aroma of beer it's also imported due to the malt content. The carbohydrate and sugar content of malt provides a distinctive flavor to beer.
Across the globe, Europe has the maximum demand for malt ingredients other than increasing awareness amongst the people regarding healthy dietary habits. Apart from the use of malt extracts in the alcoholic beverages industry, it is widely used in the food and beverages industry which is expected to help in the growth of the market in the coming years. Due to a demand for beer and malt beverages through the young and middle-aged population, the market for malt extracts and ingredients is expected to grow in the future.
Report Coverage | Details |
Market Size in 2023 | USD 22.44 Billion |
Market Size by 2032 | USD 35.46 Billion |
Growth Rate from 2023 to 2032 | CAGR of 5.2% |
Base Year | 2022 |
Forecast Period | 2023 to 2032 |
Segments Covered |
|
Regions Covered |
|
An increase in the number of beer breweries and Boo pubs in developing as well as developed nations across the globe is increasing the consumption of beer among the young and old populations throughout the globe. The demand for malt extracts and ingredients is expected to grow in the coming years as an alcoholic, as well as nonalcoholic beverage manufacturers, see a great demand as the consumption of these products has increased greatly. There are many health benefits associated with the consumption of malt extract-based products. Consumers across the globe are seeking healthier options as the majority of the population is leading a sedentary lifestyle. There is extensive use of malt extracts in the form of dietary supplements and it is widely used in the nutraceutical market as it provides many health benefits.
The consumption of these supplements helps in promoting better heart health it helps in improving the digestive health of a person, these supplements are consumed by many athletes as it helps in improving performance. Apart from the use of malt extracts in beer breweries, the increased use of these extracts in the nutraceuticals market and pharmaceuticals market will also lead to growth in the coming years.
Drivers
The increase in the demand for malt extracts and ingredients is due to a demand for products that use malt extras and ingredients in its production. The presence of various functional ingredients in mold-based drinks and sweets is driving the growth of the market. Apart from B or other nonalcoholic malt beverages are also becoming popular in many countries across the globe. There's a high content of fiber and vitamin B in beverages containing malt extract Sandhills the market is expected to grow. Even though there are many regulations on the distribution of alcoholic beverages in many countries across the globe these companies are switching to manufacturing nonalcoholic beverages that use malt extracts and ingredients in their production. These products have a good shelf life and all of these factors are expected to drive market growth. manufacturers are focusing on providing products with various flavors in order to capture the market. Increased use of malt extracts in the production of bakery products is also expected to drive market growth the characteristic of malt extract is of providing a natural color and flavor to the products and hence it is largely used in the production of bakery items.
Restraints
The manufacturers of malt are gaining more business by exporting their products and hails the cost of these products become high and the local manufacturers find it difficult to earn huge profits from this industry. Increased costs of raw materials is inhibiting the growth of this market. The quality of the crops acquired for this process also affects the outcome. All of these reasons are expected to inhibit the growth of the market in the coming years period
Opportunities
With an increasing demand for the use of malt extracts in the nutriceutical and pharmaceutical market and this is expected to provide an opportunity for growth in the coming years. Manufacturers are focusing on providing healthier foods as there is a growing demand for these products by consumers. there's an increase in the demand for dietary supplements which provides a growth opportunity for this market. The major health benefits provided by malt-based supplements is it helps in increasing the performance of athletes and it is great for heart health he word in countries like Germany France and UK there's an increased demand for bakery products that make use of malt extracts and ingredients. Increased disposable income is also leading to the growth of the market.
Challenges
Seasonal fluctuations are affecting the quality of crops required for the manufacturing of malt extracts and ingredients and this is expected to be a major challenge in the growth of this market. The increased cost of raw materials due to the wide usage of malt extracts and ingredients in other industries apart from the beverages industry will also pause a challenge for the growth of this market.
There are many different sources for extracting malt. Wheat, sorghum, rye, and odds are some of the sources of malt apart from barley. Barley has been used in the production of malt vinegar, malted milk, beer, and whiskey since many years. Barley contains a high amount of protein which happens to be the main reason for its usage in the manufacturing of these products. Barley happens to be the most traditional source as it is extremely suitable for the process of malting. There are many health benefits associated with the consumption of beverages that are derived from barley.
Growing awareness regarding the health benefits provided by these beverages and increased consumption of beer and other nonalcoholic beverages by the young generation and the middle age generation is leading to a growth of the market. Most of the beers brewed using barley extracts Have come out to be the best in taste. Owing to all of these reasons the barley segment is expected to see good growth during the forecast period.
Depending upon the product which is the malt extracts and malt ingredients, the malt extract segment is expected to see a larger growth during the forecast period. There could be different types of ingredients or different types of malt ingredients which are processed in order to obtain malt extracts feared it is a sweetening agents derived from malt ingredients. Different type of malt extracts are derived from the malt ingredients which can be categorized as specialty malt extracts which have proven to be the best in order to enhance the flavor of the beverages and it has low enzymatic activities. It is widely used in the pharmaceutical industries due to its characteristic of being sweet theater it is used in the manufacturing of different bakery products as it helps in imparting better flavor and color to the bakery products.
Apart from specialty malt extracts, there are standard malt extracts light malt extracts and dark malt extracts derived from the malt ingredients. The malt extract segment will grow exponentially in the Asia Pacific region as there is a great demand for malt extracts in this region. Malt extracts are also being widely used in bakery products across the Asia Pacific region and this is expected to drive the market for the extracted segment.
On the basis of application, the beverages segment is expected to dominate the market in the coming years. Malt extracts and ingredients are widely used in the manufacturing of alcoholic and non-alcoholic drinks. Does it increase use of malt in the manufacturing of beer Malt extracts and ingredients have a particular amount of carbohydrates and sugar which are extremely beneficial in importing textures, flavors, and colors to various types of beers manufactured across the globe The alcohol content of the beer is also dependent on the malt extract used in the manufacturing of the beer. The segment is expected to grow due to an increased demand of malt extracts as it helps in imparting a specific aroma to here and other non-alcoholic drinks.
Malt is used as a base ingredient in different types of spirits. Apart from the use of malt extract ingredients in the beer industry, it is also used in the manufacturing of whiskey. Increased consumption of beer in the young generation and the middle-aged group people, the demand for beer is expected to grow in the coming years. Due to an increase in beer breweries and blue pubs across developed nations and developing nations the demand for beer is expected to grow. Increased consumption of malt extracts and ingredients in the manufacturing of various other non-alcoholic drinks will drive the growth of those segments in the coming years.
Malt extract is available in liquid and dry format. The dry-form segment is expected to have the heist market share as it has a large number of applications. The presence of natural enzymes in malt flour and it's increased usage in bakery products will drive the growth of this segment. The malt flour used in bakery products is highly concentrated with natural enzymes which help him enhance the quality of the product.
The use of this flower helps in the manufacturing of lightweight bakery products which improves the performance of yeast and fermentation. in the dry format malt is also available in the form of flakes which is a very good source of fiber. This dry format of malt is used in the manufacturing of bread and rolls. Owing to all of these reasons the dry format segment is expected to grow during the forecast period.
Due to an increase in the number of craft breweries across the European region the demand for malt extracts and ingredients is expected to grow in this region. Across the globe compared to all other regions the consumption of beer is the highest in the European region and it is expected to grow in the coming years. Apart from the use of malt ingredients and extracts in the beverages market it is also widely used in the manufacturing of food. Due to all of these reasons the market is expected to grow well in Europe during the forecast period.
The presence of major market players in the European region is providing a better opportunity for the growth of this market. there is a growing awareness related to the consumption of malt through various products as it provides many health benefits. And the use of malt as a base product in breweries will drive market growth in this region.
Segments Covered in the Report
By Product
By Source
By Grade
By Application
By Form
By Geography
If you have questions about this insights, please email at sales@precedenceresearch.com
No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client
September 2024
October 2023
May 2024
February 2024