Malt Ingredients Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 2.98 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Malt Ingredients Market Analysis
The malt ingredient market is projected to register a CAGR of 2.98% during the forecast period.
- The global malt ingredients market is experiencing significant growth due to several factors. Firstly, the market is being driven by the rising demand for plant-based ingredients and natural sweeteners, as well as the growing demand for versatile and sustainable ingredients among brewers. Malt is a healthy alternative to traditional sweeteners, improves color, and enhances the taste and texture of food and beverage products, making it a popular choice among food and beverage manufacturers.
- The increasing demand for alcoholic beverages, such as whiskey, beer, vodka, scotch, and non-alcoholic beverages, is another factor contributing to the growth of the global malt ingredients market. Consumers are increasingly seeking distinctive and flavorful beers, which is further pushing the growth of malt ingredients in the beer industry. The demand for the craft brewing and distilling industries has experienced significant growth during the past few years, which signifies the vast expansion of the global malt ingredient market.
- The demand for low-alcoholic beverages has also been rising with the growing interest of health-conscious consumers. Key players in the market are offering a wider choice of new product ranges, with improved taste and low alcoholic content in beer for those of 2.8% ABV and less. This drives the demand for malt ingredients among beer manufacturers. Many local brewers are offering local, sustainable, innovative, and handcrafted beers to customers.
- Millennials prefer ethnic premium, super-premium spirits, and flavored spirits, which include craft and artisanal varieties. An increasing number of consumers are looking for new and more exciting offerings compared to their usual spirit options, pushing up the revenue generation of malt ingredients among alcoholic beverage manufacturers.
- The market is also benefiting from the growing number of breweries. According to the Brewers of Europe, the number of breweries in the European Union increased from 9,206 in 2020 to 9,436 in 2021. Overall, the global malt ingredients market is poised for robust growth due to several factors, including the rising demand for plant-based ingredients, growing demand for versatile and sustainable ingredients among brewers, increasing demand for low-alcoholic beverages, and the growing number of breweries.
Malt Ingredients Market Trends
Growing Popularity of Breweries Drives the Market Growth
- The demand for malt ingredients is on the rise, particularly among craft beer manufacturers, due to its essential role in producing unique and distinct flavor, color, and aroma in beer. With an increasing trend of social gatherings, office parties, and hangouts with friends in pubs or bars, the consumption of beer and other alcoholic drinks is also on the rise, thus accelerating the growth of the malt ingredient market.
- Another factor contributing to the growth of the market is the sustainable production of malt ingredients. Malt production is relatively sustainable, as it does not cause significant damage to water, land, air, soil, and forests. With the growing demand for sustainable ingredients among beer manufacturers, the sales of malt ingredients are further boosted.
- The increasing number of independent breweries and the growing popularity of domesticated brewed beer and craft beer among consumers are also driving the growth of the market. For instance, Sweden has around 400 active microbreweries crafting beers, according to the Brewers of Europe, in 2021. Craft breweries have been releasing innovative products with new and unique tastes and packaging to attract consumers, which has led to leading malt manufacturers providing a wide range of malt varieties suitable for various requirements of craft breweries.
- Cargill Inc., for instance, offers a range of craft malts, including Base Malts, Kilned Caramel Malts, and Roasted Malts, in varying color and flavor profiles, catering to the diverse needs of craft breweries. Overall, the increasing demand for unique and sustainable beer ingredients, the growing popularity of craft beer, and the rise of independent breweries are driving the growth of the malt ingredient market.
Europe Holds Significant Share
- Europe holds a prominent share in the malt ingredients market, primarily due to the rising consumption of alcoholic beverages and the increasing use of raw malt ingredients in breweries. In Germany, until the Middle Ages, nearly every malt grain was used for brewing. The region's rising number of craft breweries, along with the growing adoption of specialty malt among beer manufacturers, is boosting the sales of malt ingredients in Europe.
- Furthermore, the increasing demand for fine, locally brewed beers among Europeans is driving the demand for malt ingredients. Malt contributes to the sugars necessary for the fermentation process, and the residual sweetness from malt adds to the mouthfeel of the beer. Additionally, the wide application of malt ingredients in bakeries, meat and meat alternatives, snacks, sauces, and others is further driving the growth of the market.
- While the largest share of malt produced in the region is used as the main raw material for beer production, malt is highly used for the production of whiskey in Scotland. The rest of the malt produced is used as an ingredient in the food industry as natural flavoring, breakfast cereals, malted milk drinks, or malt vinegar, as well as in the pharma industry.
Malt Ingredients Industry Overview
The malt ingredient market is highly fragmented owing to the presence of many global, regional, and local players competing for a significant market share. The key players in the market are Axereal, Simpsons Malt Limited, GrainCorp Limited, VIVESCIA, and Soufflet Group, among others. Manufacturers are also expanding their ingredient sources to enter into new applications. Key players are adopting strategies such as product innovation, partnerships, mergers, and expansion, among others, to gain a competitive edge.
For instance, in June 2020, Cargill, Incorporated launched SweetPure M Barley and Wheat Malt Syrup, a label-friendly and unrefined sweetener for snack bars, cereal, and bakery applications. With this launch, the company aimed to expand its product portfolio. Furthermore, advanced distribution networks and manufacturing expertise give an upper edge to the manufacturers to expand their range of products worldwide.
Malt Ingredients Market Leaders
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Axereal
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GrainCorp Limited
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VIVESCIA
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Soufflet Group
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Simpsons Malt Limited
*Disclaimer: Major Players sorted in no particular order
Malt Ingredients Market News
- September 2022: Muntons launched barley and wheat malt ingredients for the manufacturing of plant-based meat. The company aimed to offer 100% environmentally sustainable ingredients for manufacturers to produce plant-based burgers, sliced deli beef, and sausages.
- June 2021: Malteries Soufflet started malt production in its new plant located in Ethiopia. The company started its production with a local supply chain for malting barley. The company aimed to expand its presence outside Europe.
- May 2021: Muntons launched a new premium alcohol-free malt extract. The company claims that the extract is versatile and easy to use and is designed to give body, mouthfeel, and taste. The alcohol-free malt extract allows the brewers to manufacture alcohol-free options without the use of expensive equipment.
Malt Ingredients Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables and Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
-
4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Source
- 5.1.1 Barley
- 5.1.2 Wheat
- 5.1.3 Other Sources
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5.2 Application
- 5.2.1 Alcoholic beverages
- 5.2.2 Non-alcoholic beverages
- 5.2.3 Food
- 5.2.4 Pharmaceutical
- 5.2.5 Animal Feed
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.1.4 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 Spain
- 5.3.2.2 United Kingdom
- 5.3.2.3 Germany
- 5.3.2.4 France
- 5.3.2.5 Italy
- 5.3.2.6 Russia
- 5.3.2.7 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 South Africa
- 5.3.5.2 United Arab Emirates
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Axereal
- 6.3.2 SCA VIVESCIA, Agricultural Cooperative Society
- 6.3.3 Rahr Corporation
- 6.3.4 Soufflet Group
- 6.3.5 Simpsons Malt Limited
- 6.3.6 GrainCorp Limited
- 6.3.7 Muntons PLC
- 6.3.8 Puremalt Products Ltd
- 6.3.9 Archer Daniels Midland Company
- 6.3.10 Cargill, Incorporated
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityMalt Ingredients Industry Segmentation
Malt is a grain product that is used as a key ingredient in a wide range of food and beverages to add nutrients and flavor to the product and as a basis for fermentation.
The scope of the malt ingredient market includes segmentation of the market based on source, application, and geography. By source, the market is segmented into barley, wheat, and other sources. By application, the market is segmented into alcoholic beverages, non-alcoholic beverages, food, pharmaceutical, and animal feed. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East and Africa.
For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
| Source | Barley | |
| Wheat | ||
| Other Sources | ||
| Application | Alcoholic beverages | |
| Non-alcoholic beverages | ||
| Food | ||
| Pharmaceutical | ||
| Animal Feed | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| Geography | Europe | Spain |
| United Kingdom | ||
| Germany | ||
| France | ||
| Italy | ||
| Russia | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | South Africa |
| United Arab Emirates | ||
| Rest of Middle-East and Africa |
Malt Ingredients Market Research FAQs
What is the current Malt Ingredient Market size?
The Malt Ingredient Market is projected to register a CAGR of 2.98% during the forecast period (2024-2029)
Who are the key players in Malt Ingredient Market?
Axereal, GrainCorp Limited, VIVESCIA, Soufflet Group and Simpsons Malt Limited are the major companies operating in the Malt Ingredient Market.
Which is the fastest growing region in Malt Ingredient Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Malt Ingredient Market?
In 2024, the Europe accounts for the largest market share in Malt Ingredient Market.
What years does this Malt Ingredient Market cover?
The report covers the Malt Ingredient Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Malt Ingredient Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Malt Ingredients Industry Report
Statistics for the 2024 Malt Ingredients market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Malt Ingredients analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
