Malt Ingredients Global Market Report 2024

The malt ingredients market size has grown strongly in recent years. It will grow from $21.84 billion in 2023 to $23.06 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. Historical growth in the brewing industry can be attributed to traditional brewing practices, the industrialization of brewing, cultural and regional influences, the establishment of malt houses, and the historical role in distilling.

The malt ingredients market size is expected to see strong growth in the next few years. It will grow to $28.86 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The projected growth in the forecast period can be attributed to shifts in consumer taste preferences, globalization and international market expansion, innovations in functional beverages, an emphasis on sustainability and organic ingredients, and an increase in demand for gluten-free and specialty malt products. Major trends expected in this period include evolving consumer preferences, a rise in craft brewing and distilling, growing health and wellness concerns, innovation in brewing techniques, and an expansion of beverage choices.

The growing demand for beer is a key driver behind the expansion of the malt ingredients market. Beer, a carbonated, fermented alcoholic beverage with an alcohol concentration typically below 5%, is commonly brewed from malted cereal grains, primarily barley, and flavored with hops. The rising disposable income and evolving consumer preferences are leading to an uptick in beer consumption worldwide. Malt ingredients play a crucial role in beer production by imparting color, flavor, and foam to the beverage. They also provide the sugars necessary for fermentation and contribute to the nutritional profile of beer. For example, in 2021, the Brewers Association, a national organization representing small and independent craft brewers in the United States, reported a 1% increase in overall beer sales in the country, with craft brewery sales rising by 8%, resulting in a 13.1% volume share of the market. This trend underscores the growing popularity of beer, which is expected to drive the demand for malt ingredients in the foreseeable future.

The expansion of microbreweries and craft breweries is expected to drive the growth of the malt ingredients market in the coming years. Microbreweries and craft breweries are small-scale beer production facilities known for their unique, handcrafted, and often experimental brews, which prioritize quality, flavor, and traditional brewing methods. These breweries rely on malt ingredients to impart distinctive flavors, aromas, and character to their beers, highlighting the significance of high-quality malt in the brewing process. For example, in April 2023, the Brewers Association reported that the number of operational craft breweries reached a record high of 9,552 in 2022 in the United States, including 3,418 brewpubs, 2,035 microbreweries, 261 regional craft breweries, and 3,838 taproom breweries. The overall number of operating breweries in the United States increased to 9,709 from 9,384 in 2021. As a result, the expansion of microbreweries and craft breweries is a key driver behind the growth of the malt ingredients market.

Strategic partnerships and joint ventures represent a significant trend in the malt ingredients market. Companies are increasingly forming alliances and teaming up with malt ingredients manufacturers to harness their respective strengths and expand into new markets. For instance, in July 2022, County Malt Group, a US-based manufacturer and supplier of crafted beverage ingredients, forged a partnership with AB Biotek, a UK-based producer of yeast and integrated fermentation solutions. This collaboration aims to enable County Malt Group to offer yeast to distilled spirits producers in the American marketplace.

Leading firms in the malt ingredients sector are concentrating on innovative offerings such as grain, liquid, and powdered malt extracts, tailored for use in plant-based cooking, to better cater to their existing clientele. These extracts are diverse concentrated malt products derived from malted barley or other grains. For example, in September 2022, Muntons PLC, a UK-based manufacturer specializing in malts and malted materials for brewing and distillation, introduced PlantMalt, a new line of grain, liquid, and powdered malt extracts designed for use in plant-based cuisine to create superior meat alternatives. PlantMalt was developed to help producers achieve rich flavors, texture, color, and mouthfeel in meat substitutes. Muntons leveraged its extensive malt expertise in collaboration with alternative protein experts to develop the PlantMalt range. Muntons' grains undergo soaking, sprouting, kilning, and meticulous processing to produce a plant-based, clean-label, GMO-free product.

In December 2021, Invivo Group, a French agricultural cooperative specializing in milling and malt production, acquired Soufflet Group for an undisclosed sum. This acquisition is intended to tackle the economic, social, and ecological challenges encountered in France's agricultural sector by enhancing its presence in agriculture and food transition through the expansion of its solutions. Soufflet Group, also based in France, is a prominent player in the agriculture and food industry.

Major companies operating in the malt ingredients market report are Deltamalt, Cargill Malt, GrainCorp Limited, Groupe Soufflet, Duerr Malzfabrik GmbH & Co. KG, Dobele Malz GmbH & Co. KG, Honeywell Specialty Grains LLC, IREKS GmbH, Grupo Huerga y CIA S.L., Haas Malz GmbH & Co. KG, Gerkens Malt BV, Muntons PLC, Gambrinus Malterie NV, Malteurop Group S.A., Barmalt S.A., Briess Malt & Ingredients Company, Imperial Malt Ltd., Dingemans BV, Nordecon Oyj, Crisp Malt Limited, Frey Malz GmbH & Co. KG, Hopsteiner Inc., Farmos Oyj, Eiselt Malz GmbH & Co. KG, Ernest Grain Ltd., Minnaar International BV, Neville Maltings Ltd., Permalz GmbH & Co. KG, Provital Malt France, Rehorst GmbH & Co. KG, Soufflet Malt Europe SAS, Viking Malt Inc., Weyermann Malz GmbH & Co. KG.

Western Europe was the largest region in the malt ingredients market share in 2023. The regions covered in the malt ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the malt ingredients market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main types of malt ingredients are dry malt, liquid malt, malt flour, and others. Dry malt is a moisture-free wort used for fermenting beer by yeast. Raw materials for malt ingredients include barley, wheat, rye, maize, rice, and oats. These ingredients find applications in brewing, distilling, cereals, bakery, non-alcoholic beverages, and confectionery products.

The malt ingredients market research report is one of a series of new reports that provides Malt ingredients market statistics, including malt ingredients industry global market size, regional shares, competitors with malt ingredients market share, detailed malt ingredients market segments, market trends and opportunities, and any further data you may need to thrive in the malt ingredients industry. This malt 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 ingredients market consists of sales of cereals, baked foods, biscuits, bagels, bread rolls, waffles, pancakes. 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.