North America Malt Extracts Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Form, Nature, and Application Food, Beverages, Pharmaceuticals, and Others

Beverages Segment to Dominate North America Malt Extracts Market during 2019-2027

According to a new market research study on “North America Malt Extracts Market Forecast to 2027 - COVID-19 Impact and Analysis - by Form (Liquid and Powder), Nature (Organic and Conventional), and Application (Food, Beverages, Pharmaceuticals, and Others)” the market is expected to reach US$361.87 million by 2027 from US$217.00 million in 2018; it is expected to grow at a CAGR of 6.0% from 2019 to 2027. The report provides trends prevailing in the North America malt extracts market, and the drivers and restraints pertaining to the market growth. Increasing adoption of malt extracts in the beverage industry is the major factor driving the growth of the market in North America. Moreover, Health and lifestyle trends are prompting the growth of the food and beverage industry in the North America region. Population in Canada and United States is enjoying a high standard of living, and have increased their spending capacity owing to the high per capita income. Aging population, robust growth of supermarket outlets, and increasing consumer’s appetite for healthy diets are creating lucrative opportunities for the malt extracts market in the region. Moreover, allergies associated with meat-based foodstuff is influencing the demand for malt extracts in the region. However, seasonal variations and quality of barley hinder its growth. Moreover, the COVID-19 pandemic has affected industries and economies in various countries due to lockdowns, business shutdowns, and travel bans. The US has the highest number of confirmed cases of coronavirus, as, compared to Canada and Mexico. This is likely to affect the rail transport in the region as, due to the COVID-19 outbreak, the supply and distribution chain is likely to get affected. In addition, the overall manufacturing processes, research, and development activities will also affect market growth.

The market for malt extracts is segmented into form, nature, and application. Based on form, the market is segmented into liquid and powder. In 2018, The North America malt extracts market was dominated by the liquid segment. Based on nature, the malt extracts market is divided into organic and conventional. Organic segment is expected to the fastest growing segment over the forecast period. Based on application, the malt extracts market is segmented into food, beverages, pharmaceuticals, and others. The beverages segment held the largest share in 2018 and it is projected to continue its dominance over the forecast period.

Maltexco S.A.; Malteurop Group; Ireks Gmbh; Malt Products Corporation; United Malt Group; Groupe Soufflet; Muntons Plc; Boortmalt N.V.; Rahr Corporation; Complementos Alimenticios, SA de CV; and Liotecnica are among the leading companies in the North America malt extracts market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, to be able to keep abreast of the constantly increasing demand for these aromatic natural products and to equip IREKS for the future, IREKS has invested a sum in the double figure million range in the new construction of a brew house which was commissioned this year.

The report segments the North America Malt Extracts Market as follows:

North America Malt Extracts Market - By Form

• Liquid
• Powder

North America Malt Extracts Market - By Distribution Channel

• Organic
• Conventional

North America Malt Extracts Market - By Application

• Food
• Beverages
• Pharmaceuticals
• Others

North America Malt Extracts Market - By Country

• US
• Canada
• Mexico

Reasons to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Malt Extracts Market
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the North America Malt Extracts Market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth North America market trends and outlook coupled with the factors driving the malt extracts market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution