Malt Ingredients Market Research Report: Industry Analysis by Cargill, Inc.; Axéréal; Crisp Malting; Muntons PLC
The global Malt Ingredients Market size is expected to reach USD 28.41 billion by 2025 registering a CAGR of 5.3%, according to a new report by Grand View Research, Inc. Rising importance of malt in bakery, confectionary, and nutritional drinks production has been fueling the product demand across the globe. Furthermore, increasing popularity of alcoholic beverages, especially craft beer, is projected to be one of the key driving factors.
Barley
segment led the global market in 2018 and held over 48% of the total revenue
share. Barley is widely used in beer production as it has required enzymes,
proteins, and high starch content. It has gained popularity as a colorant and
flavor in the alcoholic beverages industry. Rye is gaining significant
importance in the bakery and confectionary production. Rye helps in maintaining
heart health and reducing blood sugar and pressure.
The
beverage application segment held the largest share of the global market in
2018 and will expand further at a steady CAGR from 2019 to 2025. Rapid growth
of the alcoholic beverage market is the key factor driving the segment. Rising
number of craft breweries across the globe is also likely to boost the product
demand in beverages segment. According to studies, the number of craft
breweries in U.S. crossed 7300 in 2018. The number of microbreweries brewpubs
and regional breweries has increased to around 4,521 2,594 and 231,
respectively.
Asia
Pacific is anticipated to be the fastest-growing regional market at a CAGR of
10.2% from 2019 to 2025. Increasing consumption of alcoholic beverages in
developing countries including China, Vietnam, Thailand, India, and Taiwan is
expected to be the key growth-driving factor.
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Ingredients Market Report
Malt
Ingredients Market Report Highlights
- Europe held
the largest market share in 2018 and is expected to retain its leading
position throughout the forecast period
- Barley was
the largest source segment in 2018 and is projected to expand further at
the fastest CAGR from 2019 to 2025
- Beverage is
estimated to be the largest as well as the fastest-growing application
segment during the forecast years due to increased consumption of
alcoholic beverages across the globe
- Some of the
prominent companies in the malt ingredients market include Cargill, Inc.;
Axéréal; Crisp Malting; Muntons PLC; VIVESCIA Industries (Malteurop);
Simpsons Malt; Briess Malt & Ingredients; GrainCorp Ltd.; The Soufflet
Group; BSG CraftBrewing; and Polttimo
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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