South America Malt Ingredient Market Size (2024 - 2029)

The South America malt ingredient market is experiencing growth driven by the rising demand for processed and convenience foods in emerging markets within the region. This growth is further supported by increased consumer awareness of the health benefits associated with malt ingredients and their diverse applications in the food industry. The market's expansion is also reflected in the consumer trend of purchasing premium beer products, particularly craft beer, which has gained popularity across South America.

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Market Size of South America Malt Ingredient Industry

South America Malt Ingredient Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.81 %
Market Concentration Low

Major Players

South America Malt Ingredient Market Major Players

*Disclaimer: Major Players sorted in no particular order

South America Malt Ingredient Market Analysis

The South America malt ingredient market is projected to register a CAGR of 6.81 %, during the forecast period of 2020-2025.

  • The increase in consumption of processed and convenience food products in emerging markets of South America has contributed to a growth in the sales of malt ingredients. An increase in consumer awareness regarding the health benefits of malt ingredients and the wide range of applications in the food industry are driving the market.
  • The region has been a very strong performer. Consumers have traded up, buying more expensive beer, which is evident in the rising popularity of craft beer.

South America Malt Ingredient Industry Segmentation

The South American malt ingredients market is segmented by source and application. On the basis of Source, the market is segmented into barley, wheat, and other sources. On the basis of application, the market is segmented into alcoholic beverages, non-alcoholic beverages, food, pharmaceuticals, and animal feed. The market is also segmented by geography.

Source
Barley
Wheat
Other Sources
Application
Alcoholic beverages
Non-alcoholic beverages
Food
Pharmaceuticals
Animal Feed
Geography
Brazil
Argentina
Rest of South America
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South America Malt Ingredient Market Size Summary

The South America malt ingredient market is experiencing significant growth, driven by the increasing consumption of processed and convenience foods in emerging markets within the region. This trend is further supported by heightened consumer awareness of the health benefits associated with malt ingredients and their versatile applications in the food industry. The region has shown robust performance, particularly in the alcoholic beverage sector, where there is a noticeable shift towards premium products like craft beer. Malt's role as a key component in baking formulations, due to its dough conditioning properties, is leading to its substitution for less natural or more expensive alternatives. The demand for malt, especially in the form of malt flour, is largely fueled by its direct use in the production of beer, whiskey, and other beverages, with barley being the preferred choice due to its unique enzyme properties.

The market is segmented into Brazil, Argentina, and the rest of South America, with Brazil holding the largest market share and exhibiting the highest growth rate. This growth is attributed to the rising demand for both alcoholic and non-alcoholic beverages and the increasing establishment of independent breweries in Brazil. The competitive landscape of the South American malt ingredient market is characterized by the presence of a few major companies, with players expanding their ingredient sources to explore new applications. The brewing industry remains the primary application area for malt ingredients, attracting more entrants to the market. Key players in this sector include Axereal, Group Soufflet, Maltexco SA, Briess Malt, and Gusmer Enterprises Inc.

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South America Malt Ingredient Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Source

      1. 2.1.1 Barley

      2. 2.1.2 Wheat

      3. 2.1.3 Other Sources

    2. 2.2 Application

      1. 2.2.1 Alcoholic beverages

      2. 2.2.2 Non-alcoholic beverages

      3. 2.2.3 Food

      4. 2.2.4 Pharmaceuticals

      5. 2.2.5 Animal Feed

    3. 2.3 Geography

      1. 2.3.1 Brazil

      2. 2.3.2 Argentina

      3. 2.3.3 Rest of South America

South America Malt Ingredient Market Size FAQs

The South America Malt Ingredient Market is projected to register a CAGR of 6.81% during the forecast period (2024-2029)

Axereal, Maltexco S.A, Briess Malt and Gusmer Enterprises, Inc. are the major companies operating in the South America Malt Ingredient Market.

South America Malt Ingredient Report Snapshots

South America Malt Ingredient Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)