Malt Extracts and Ingredients Global Market Report 2024

The malt extracts and ingredients market has grown strongly in recent years. It will grow from $19.38 billion in 2023 to $20.5 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The expansion observed in the historical period can be attributed to traditional brewing applications, utilization in industrial and food sectors, a wide range of product offerings, changes in consumer preferences, evolving culinary and beverage trends, and improvements in quality and consistency.

The malt extracts and ingredients market is expected to see steady growth in the next few years. It will grow to $24.91 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The anticipated growth in the forecast period can be attributed to market expansion and growth, increased consumer health awareness, ongoing product innovation and diversification, shifts in dietary preferences, and the influence of globalization and trade dynamics. Key trends in the forecast period encompass the rise of health and wellness trends, the diversification of applications, the demand for clean label products, innovations in flavors and varieties, and a focus on sustainability and responsible sourcing practices.

The malt extracts and ingredients market is poised for growth, driven by the increasing popularity of craft beer. Craft beer, produced by small, independent breweries using traditional methods and premium ingredients, extensively relies on malt extract as a key component to expedite the brewing process. Notably, retail sales of craft beer in 2022, as reported by the Brewers Association, experienced a 5% surge from 2021, reaching $28.4 billion. Craft beer now constitutes approximately 24.6% of the total beer market, showcasing a 3.7% increase in the number of craft brewers in the United States, rising from 9,210 in 2021 to 9,552. This surge in craft beer's popularity is a significant catalyst propelling the malt extracts and ingredients market.

A major factor contributing to the anticipated growth of the malt extracts and ingredients market is the escalating demand in the food and beverage industry. Covering various sectors such as production, processing, distribution, and retailing of food and drink products, the food and beverage industry extensively utilizes malt extracts and ingredients for their versatile properties, imparting desirable flavors, colors, and nutritional benefits. Global food and beverage sales, according to reports by Common Thread Collective in April 2022, amounted to $506 billion in 2022, with expectations to reach $857 billion by 2025. Additionally, Statistics Sweden reported a 2.9% increase in food and beverage sales in 2021, totaling $30.74 billion (SEK 334 billion). This boost in demand from the food and beverage industry is a driving force behind the malt extracts and ingredients market.

A key trend in the malt extracts and ingredients market is the introduction of innovative products by major industry players, aiming to maintain their market standing. In May 2021, International Molasses, a prominent US-based supplier of molasses and natural sweeteners, unveiled CaneRite Panela. This natural, free-flowing powder sweetener is crafted from the freshly squeezed juice of the entire sugar cane plant, distinguishing itself from conventional "raw sugar" products by remaining unrefined and non-centrifuged. Retaining the authentic flavor and nutritional benefits of the entire cane plant, CaneRite Panela offers a unique taste with subtle toffee and caramel notes, featuring an impressive nutritional profile with five times the vitamins and minerals of raw sugar.

Major companies in the animal and pet food market are concentrating on innovative product launches, exemplified by the introduction of premium alcohol-free malt extract. Muntons, a UK-based supplier of brewing and distilling malts and malted ingredients, launched this product in May 2021. It serves as a concentrated, pre-hopped malt extract tailored for brewing alcohol-free beer. Crafted from high-quality pale brewing malt and hops, the premium alcohol-free malt extract retains the flavor and aroma of traditional beer without the alcohol content. This innovation addresses the growing demand for alcohol-free beer and showcases a commitment to both innovation and sustainability.

In September 2021, InVivo Group, a France-based seed and agricultural supplies manufacturer, acquired Soufflet Group. This strategic acquisition positions InVivo Group to address economic, social, and ecological challenges in French agriculture by expanding the use of its solutions. Soufflet Group, a France-based manufacturer of malt extracts and ingredients, among other agricultural products, complements InVivo Group's objectives in agricultural and food transition.

Major companies operating in the malt extracts and ingredients market report are Muntons plc, Viking Malt AB, Diastatische Producten B.V., Laihian Mallas Oy, Rahr Corporation, Malteurop Group, Maltexco S.A., Malt Products Corp., Holland Malt B.V., Boortmalt N.V., Imperial Malts Ltd., Agraria Malte Ltd., Puremalt Products Ltd., Cerex B.V., EDME Ltd., United Malt Group Limited, GrainCorp Limited, Axéréal Group, Soufflet Group, Crisp Malting Group Limited, IREKS GmbH, Simpsons Malt Ltd., Cargill Incorporated, Briess Malt & Ingredients Co., Weyermann Malting Company, Thomas Fawcett & Sons Ltd., Mouterij Dingemans, Castle Malting SA, Bestmalz, Global Malt GmbH & Co. KG.

Europe was the largest region in the malt extracts and ingredients market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global malt extracts and ingredients market duirng the forecast period. The regions covered in the malt extracts and ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the malt extracts and ingredients market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main categories of malt extracts and ingredients include extracts and ingredients. Malt extract, derived from malted grains such as barley, is a sweet and syrupy substance commonly used in beer brewing to provide essential fermentable sugars. It can be sourced from various grains such as barley, wheat, rye, rice, oats, sorghum, millets, and corn. Malt extract is available in dry and liquid forms, with diverse product types such as diastatic, non-diastatic, and brewery-grade. These products find applications in beverages, food, pharmaceuticals, and other industries.

The malt extracts and ingredients market research report provides malt extracts and ingredients market statistics, including malt extracts and ingredients industry global market size, regional shares, competitors with a malt extracts and ingredients market share, detailed malt extracts and ingredients market segments, market trends and opportunities, and any further data you may need to thrive in the malt extracts and ingredients industry. This malt extracts and ingredients market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The malt extracts and ingredients market consists of sales of pilsner, pale, amber, and dark extract. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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