South America Malt Ingredient Market - Growth, Trends, and Forecast (2020 - 2025)

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.

Key Market Trends

Growing Popularity of Craft Beer Boosting the Market Studied

Malt is a key ingredient in baking formulations, as it possesses dough conditioning properties, and thus is now increasingly being substituted in place of less natural or more costly ingredients, such as synthetic dough conditioners. Malt and malt flour hold the largest share of the market due to their direct consumption for beer, whiskey, and beverages manufacturing. Alcoholic beverage industries have a direct contract with the malt suppliers for two-row, four-row, and six-row malt grains or for malt flours, which creates an unbeatable demand in the market. Barley holds the largest market share due to its preferable malt consumption in the beverage industry. It has a unique enzyme property that makes it dominant over other grains.

Brazil Holds the Prominent Share in the Market Studied

The South American malt ingredient market is divided into Brazil, Argentina, and Rest of South America. The growing demand for alcoholic and non-alcoholic beverages and food products in the South American region drives this market. Brazil has the most significant market share in this region and has the highest growth rate as well, which is estimated to be over 40% among all the countries in South America. In the future it is projected to be the fastest-growing country in the region as a high adopting rate on their independent breweries is focusing on anticipating the highest growth in the malt ingredient market during the forecast period.

Competitive Landscape

The South American malt ingredient market is a highly competitive market with a few major companies holding the major market share. The increasing applications of malt are attracting more players to enter the market. The brewing industry is the major area of application of malt ingredients. Players are also expanding their ingredient sources to enter new applications. Some of the major players in the South American malt ingredient market are Axereal, Group Soufflet, Maltexco SA, Briess Malt, and Gusmer Enterprises Inc.

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