Malt Ingredients Market to Represent a Significant Expansion at 5.3% CAGR from 2019 to 2025

The global malt ingredients market size is expected to reach USD 28.41 billion by 2025 registering a CAGR of 5.3%, according to a new report by Grand View Research, Inc. Rising importance of malt in bakery, confectionary, and nutritional drinks production has been fueling the product demand across the globe. Furthermore, increasing popularity of alcoholic beverages, especially craft beer, is projected to be one of the key driving factors.

Barley segment led the global market in 2018 and held over 48% of the total revenue share. Barley is widely used in beer production as it has required enzymes, proteins, and high starch content. It has gained popularity as a colorant and flavor in the alcoholic beverages industry. Rye is gaining significant importance in the bakery and confectionary production. Rye helps in maintaining heart health and reducing blood sugar and pressure.

The beverage application segment held the largest share of the global market in 2018 and will expand further at a steady CAGR from 2019 to 2025. Rapid growth of the alcoholic beverage market is the key factor driving the segment. Rising number of craft breweries across the globe is also likely to boost the product demand in beverages segment. According to studies, the number of craft breweries in U.S. crossed 7300 in 2018. The number of microbreweries brewpubs and regional breweries has increased to around 4,521 2,594 and 231, respectively.

Asia Pacific is anticipated to be the fastest-growing regional market at a CAGR of 10.2% from 2019 to 2025. Increasing consumption of alcoholic beverages in developing countries including China, Vietnam, Thailand, India, and Taiwan is expected to be the key growth-driving factor.

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Further key findings from the study suggest:

·       Europe held the largest market share in 2018 and is expected to retain its leading position throughout the forecast period

·       Barley was the largest source segment in 2018 and is projected to expand further at the fastest CAGR from 2019 to 2025

·       Beverage is estimated to be the largest as well as the fastest-growing application segment during the forecast years due to increased consumption of alcoholic beverages across the globe

·       Some of the prominent companies in the malt ingredients market include Cargill, Inc.; Axéréal; Crisp Malting; Muntons PLC; VIVESCIA Industries (Malteurop); Simpsons Malt; Briess Malt & Ingredients; GrainCorp Ltd.; The Soufflet Group; BSG CraftBrewing; and Polttimo

Grand View Research has segmented the global malt ingredients market on the basis of source, application, and region:

Malt Ingredients Source Outlook (Revenue, USD Million, 2015 - 2025)

·         Barley

·         Wheat

·         Rye

·         Others

Malt Ingredients Application Outlook (Revenue, USD Million, 2015 - 2025)

·         Food

·         Beverage

·         Pharmaceutical

·         Others

Malt Ingredients Region Outlook (Revenue, USD Million, 2015 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         Central & South America

·         Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com