Malt Market Size - Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2024 – 2032
Report ID: GMI1483
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Authors:
Kiran Pulidindi,
Malt Market Size
Malt Market size is expected to grow substantially between 2024 and 2032, driven by the rapidly increasing production and consumption of beer across the world. The flourishing craft beer culture will drive the consumption of malt in breweries across the globe. According to the European Bear Trends report, the total number of active breweries in EU reached 9,684 in the year 2022. This rise in the number of breweries every year in the region is likely to escalate the demand for malt for beer production in the coming years.
Apart from beer, malt is also used in baked goods, such as biscuits, bread rolls, pancakes, and beverages among others. With the ongoing expansion of the bakery sector across emerging economies, the use of malt in baking is also predicted to go up at a notable pace. Despite an expanding application scope, the industry may face a major challenge in the form of a consumer exodus towards wine and other beverages due to rising health concerns related to increased consumption of beer.
Malt Market Trends
The high demand for malt-based beverages, particularly craft beers, is likely to escalate the market growth. Craft beer breweries are increasingly using specialty malts to differentiate their products and cater to evolving consumer preferences for unique flavors and varieties. The growing awareness of the health benefits associated with malt consumption, such as its nutritional content and digestive health properties is fueling its adoption in the food & beverage sector. Malt extracts and syrups are also utilized in various food products, including breakfast cereals, baked goods, and malted milkshakes.
The rising popularity of malt-based ingredients in the cosmetics and pharmaceutical industries can be accredited to their antioxidant and moisturizing properties. The expanding production capacity and the increasing investments in malt processing technologies will also complement the industry growth.
Malt Market Analysis
Based on type, the industry value from the liquid malt segment is anticipated to rise at substantial rate up to 2032, owing to their convenience and ease of use, especially in brewing applications. Liquid malt offers consistent quality and flavor profiles for ensuring product uniformity and enhancing brewing efficiency. The versatility of liquid malt also enables its use in various food & beverage applications, such as baking and confectionery. The increasing adoption of liquid malt in the manufacturing of malt-based beverages and food products will further f the market demand.
The beverages application segment will rise at notable pace from 2024 to 2032, on account of the rising popularity of craft beer. The increasing consumption of malt-based beverages, such as malted milkshakes and malted beverages is boosting the product demand. Malt extracts and syrups are used in the production of non-alcoholic beverages, including malted sodas and energy drinks. The growing preference for natural and nutritious ingredients in beverages will further fuel the adoption of malt-based ingredients.
Europe malt market is estimated to expand at commendable CAGR through 2032, due to the surging demand for craft beers and specialty malts. According to the European Beer Trends Report 2023, EU beer sales increased to 313 million hectolitres in 2022. Consumers in the region are largely seeking unique flavors and premium-quality beverages.
The growing awareness of the health benefits of malt consumption, such as its nutritional value and digestive health properties is increasing the product application in the food & beverage sector. The expanding applications of malt-based ingredients in food products, including bakery items and breakfast cereals along with favorable government regulations and support for the brewing industry will complement the regional industry expansion.
Malt Market Share
Leading players operating in the malt industry are adopting diverse business growth strategies, including mergers & acquisitions, partnerships, and launching new products to increase their market share.
Some of the major malt companies are:
Malt Industry News:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →