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Malt Ingredients Market Trends

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

Malt Ingredients Market Trends

The increased popularity of craft and artisanal beverages, such as beer, spirits, and non-alcoholic alternatives, is fueling interest in specialized malt ingredients, stimulating innovation and unique flavor characteristics. Because of the growing consumer emphasis on health and wellbeing, there is a spike in demand for natural and clean-label ingredients, which positions malt ingredients favorably due to their perceived wholesomeness. 
 

Concerns about sustainability are causing businesses to embrace eco-friendly practices and investigate malt manufactured from locally obtained grains. The COVID-19 epidemic increased e-commerce and direct-to-consumer sales channels, which may continue to influence malt ingredient providers' distribution and marketing methods. These developments reflect shifting customer preferences as well as the industry's dedication to addressing increasing needs while focusing on quality, flavor, and sustainability.

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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