Malt Ingredients Market Size, COVID-19 Impact and Recovery to 2027

Market Scope

The Malt Ingredients Market Size can project healthy growth at 5.1% rate from 2020 to 2027, confirms Market Research Future (MRFR). MRFR further adds that the market value by the evaluation period’s end should be USD 8.9 billion, given the strong demand for whiskey, beer, malted milkshake, crafted beer, and malt vinegar.

Growth Boosters and Deterrents

As living standards continue to improve, the preference for different processed food, as well as alcoholic and non-alcoholic drinks rises as well. Consumption of baked items and confectionary products infused with malt ingredients is bolstered by the surge in the number of occasions such as parties, marriages, and social gatherings. Mounting number of cafes, restaurants and hotels, in line with the surge in global tourism adds to the market worth as well.

Numerous brands are sensing the lucrative opportunity and are undertaking several social media marketing steps to gain the interest of tech-savvy young consumers seeking personalization, value for money, coupled with rising digital access. The significant growth in the number of netizens paired with the surging internet usage across the globe should also boost the sale of malt ingredients in the following years.

Emerging countries are proving to be attractive business spots for global manufacturers, thanks to the rising acceptance as well as consumption of alcohol. Another significant opportunity would be the strong impact of social media on millennials and the Gen Z population, resulting in higher spending on gin and various types of alcohol. 

Segmental Review 

The Malt Ingredients Market Size can be dissected in terms of form, source, as well as application.

The malt ingredients industry, with respect to form, has been considered for dry extract along with liquid extract.

Source-wise, the Malt Ingredients Market caters to rye, wheat, barley, and more.

The Malt Ingredients Market, depending on application, has been segregated into beverages, food, and others. The beverage-based sub-segments are alcoholic as well as non-alcoholic beverages.

Regional Insight

Europe forms the biggest market for malt ingredients, with France, the U.K, and Germany emerging as the leading performers. Europe benefits largely from the robust economic conditions, affordability, and the preference for alcohol in different occasions. Various types of malt ingredients are extensively used by the food processors, giving a substantial push to the market. The market demand gets a boost from companies increasingly forming joint ventures to enhance their market positions. Elite lifestyles, in line with high disposable incomes of the people in general should further elevate the demand for malt ingredients in subsequent years.

China and India contribute significantly to the growth of the APAC market, which is expected to garner the fastest advancement rate in the ensuing years. Soaring number of small-sized distilleries and the innovations based on quality, particularly in China would also have a remarkable impact on the regional market. Singapore, Australia, Hong Kong, and India are also promising markets in APAC, in view of the surging per capita income, western culture’s rising influence, and people’s mounting interest in luxury products.

Top Companies

Muntons plc (England), Pure Malt Products Ltd (UK), Cargill Inc. (US), Bairds Malt (UK), Ociété Coopérative Agricole Axereal (France), Vivescia (France), Simpsons Malt Ltd (UK), COFCO (China), Country Malt Group (New York), BARMALT MALTING INDIA PVT. LTD.(India), Dalian Xingze Malt Processing Co. Ltd. (China), EDME (UK), Briess Malt & Ingredients Co (US), GrainCorp (Australia), Soufflet Group (France), Crisp Malting Group Limited (UK), are the top producers of malt ingredients in the global market. 

Recent Updates

January 2022

Wonderland Distilling is about to introduce for the first time, on-premise distilled product, namely a single malt whiskey that has been aged in apple brandy barrels. The Single Malt Whiskey contains 100% Maris Otter Malt, utilizes conventional distilling techniques, and has been aged in apple brandy barrels, which gives it a unique character and richness.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York,

New York 10013,

United States of America

    

Comments

Post a Comment

Popular posts from this blog

Hemp Derivatives Market 2021; Region Wise Analysis of Top Players in Market and Its Segmentation

Hemp Derivatives Market The  Global Hemp Derivatives Market  is expected to cross  USD 17 Billion   by 2025  at a  CAGR of   30.0%  during the forecast period of  2019 to 2025 . The global market is expected to be lucrative for the active vendors owing to the rising use of hemp derivatives in animal feed, biofuel, and bioplastics, among others. Market players are investing in R&D and introducing pet food products such as pet treats made from hemp. For instance, in September  2018 , EastWest Bioscience, a Canadian hemp-based products manufacturer, launched the hemp-based pet products brand Natural Pet Science to cater to the rising demand for health-conscious pet treats. Additionally, the legalization of hemp in several countries has propelled market players to invest in the market and expand their presence across the globe. Growth Opportunities in the Market Growth of the Food & Beverage Industry : Intensive research on hemp and its effect on human and animal health has l
Read more

Shapewear Market Players, Demand, Revenue, and Forecast to 2030

Market Research Future Insights: By 2030, the shapewear market is anticipated to grow at a CAGR of 7.7% and reach USD 6.95 billion. Shapewears are a category of undergarments that are comprised of firm-yet-elastic materials. These shapewears' fabrics are made to tuck and nip the necessary body parts for a smooth figure. Shapewear specifically aids in reshaping the body as desired, lifting sagginess, flattening bulges, and improving posture. Shapewear is becoming more comfortable thanks to advancements in fabric manufacturing technology and the use of premium fabrics, which is further contributing to the market's appeal. Additionally, rising disposable income and easier shopping have made the market more approachable for consumers. Shapewear for lingerie is especially made to incorporate technology into intimate apparel. Shapewear's popularity is also greatly fueled by the camouflaging qualities of the shaping lingerie. The body briefs, seamless, control camisoles, long
Read more

Hemp Derivatives Market Size by Preparation Method, Form, Grade, End User, Geography, Competitive Analysis

Hemp Derivatives Market Forecast The  Global Hemp Derivatives Market Size  is expected to cross  USD 17 Billion   by 2025  at a  CAGR of   30.0%  during the forecast period of  2019 to 2025 . The global market is expected to be lucrative for the active vendors owing to the rising use of hemp derivatives in animal feed, biofuel, and bioplastics, among others. Market players are investing in R&D and introducing pet food products such as pet treats made from hemp. For instance, in September  2018 , EastWest Bioscience, a Canadian hemp-based products manufacturer, launched the hemp-based pet products brand Natural Pet Science to cater to the rising demand for health-conscious pet treats. Additionally, the legalization of hemp in several countries has propelled market players to invest in the market and expand their presence across the globe. Key Players of Hemp Derivatives Market : Hemp Oil Canada (Canada) GenCanna Global USA, Inc. (US) Ecofibre (Australia)
Read more