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Malt Ingredients Market Size

  • Report ID: GMI6811
  • Published Date: Sep 2023
  • Report Format: PDF

Malt Ingredients Market Size

Malt Ingredients Market size was valued at USD 22.40 billion in 2022 and is estimated to witness 5.2% CAGR from 2023 to 2032. The production and use of malted grains, particularly barley, in brewing, distilling, and the creation of food and beverages define the industry, a dynamic sector. The rising demand from consumers for natural and clean-label ingredients, as well as the rise of the global beverage industry, are some of the key growth factors.

 

Malt Ingredients Market

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However, the industry encounters difficulties because to fluctuating raw material costs, competition from substitute components, and changing customer tastes, particularly about sugar intake and dietary constraints. Innovation is still essential to manage shifting market dynamics as well as meeting regulatory compliance and sustainability demands. Despite these challenges, the malt ingredients market continues to play an important role in boosting flavour, texture, and quality across a wide range of goods, adding to its resilience and development potential.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of malt ingredients reached USD 22.4 billion in 2022 and is set to cross USD 37.18 billion by 2032, due to the rising production and higher adoption in barley for brewing, distilling, and the creation of food and beverages worldwide.

The barley product segment was valued at USD 16.06 billion in 2022, on account of its higher popularity in brewing and baking.

U.S. market recorded USD 2214.40 million in 2022, owing to the presence of robust brewing sector and prominent craft beer movement in the region.

Cargill Incorporated, Malteurop Group, GrainCorp Limited, Simpsons Malt Limited, Boortmalt, and Crisp Malting Group are some of the major malt ingredient companies worldwide.

Malt Ingredients Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 260
  • Countries covered: 21
  • Pages: 210
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