What is Global Liquid Malt Extracts Market?
The Global Liquid Malt Extracts Market is a vast and dynamic sector that encompasses a variety of malt extracts, including light, amber, and black malt extracts. These extracts are derived from malted grains, primarily barley, and are used in a variety of applications, including brewing, baking, and food production. The market is characterized by its global reach, with products being sold and used in various regions around the world. Light Malt Extract is a versatile ingredient that is used in a variety of applications. It is a popular choice for brewers, who use it to add flavor and color to their beers. It is also used in the food industry, where it is added to breads, cookies, and other baked goods to enhance their taste and texture. Amber Malt Extract, on the other hand, is darker and has a more robust flavor. It is often used in darker beers and stouts, as well as in certain types of bread and other baked goods. Black Malt Extract is the darkest and most flavorful of the three. It is used in a variety of applications, including in the production of dark beers and stouts, as well as in the creation of certain types of bread and other baked goods.
Light Malt Extract, Amber Malt Extract, Black Malt Extract in the Global Liquid Malt Extracts Market:
The Global Liquid Malt Extracts Market is not just limited to the brewing industry. It also finds extensive use in the production of malt beverages and in the food industry. In the brewing industry, liquid malt extracts are used as a base for the production of beer. They provide the necessary sugars for fermentation, as well as flavor and color. In the malt beverages industry, they are used to create non-alcoholic beverages that have the flavor of malt. These beverages are popular in certain regions around the world, particularly in the Middle East and Africa. In the food industry, liquid malt extracts are used as a natural sweetener in a variety of products, including breads, cookies, and other baked goods. They are also used in the production of certain types of confectionery, including chocolates and candies.
Beer, Malt Beverages, Food in the Global Liquid Malt Extracts Market:
The Global Liquid Malt Extracts Market was valued at US$ 424.9 million in 2022. It is projected to grow at a steady pace, reaching a value of US$ 502.6 million by 2029. This represents a compound annual growth rate (CAGR) of 2.4% during the forecast period from 2023 to 2029. Europe is currently the largest market for liquid malt extracts, accounting for approximately 37% of the global market share. However, China and other Asian countries (excluding China) are quickly catching up, with these regions collectively accounting for about 40% of the market share. The market is also highly competitive, with the top three companies accounting for about 25% of the total market share.
| Report Metric | Details |
| Report Name | Liquid Malt Extracts Market |
| Accounted market size in 2023 | US$ 424.9 million |
| Forecasted market size in 2030 | US$ 502.6 million |
| CAGR | 2.4% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Muntons, Associated British Foods, The Malt Company, Ireks, Doehler, Briess Malt & Ingredients, Maltexco, Barmalt, Northern Brewer, Harboe/Barlex, Malt Products, PureMalt Products, Huajia Food, Guangzhou Heliyuan Foodstuff |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
