What is Global Malted Barley Market?
The Global Malted Barley Market is a vast and dynamic sector that plays a crucial role in various industries. Malted barley, a key ingredient in beer and whiskey production, is a grain that has been allowed to germinate, then dried in a kiln. This process develops enzymes that convert the grain's starches into sugars, which are then fermented by yeast to produce alcohol. The global market for malted barley was valued at a significant US$ 12420 million in 2023 and is projected to reach an impressive US$ 15630 million by 2030. This growth is driven by the increasing demand for malted barley in brewing and food industries, as well as other sectors. The market's expansion is also fueled by the rising popularity of craft beers and the growing consumer preference for malt-based food products.
Basic Malt, Special Malt in the Global Malted Barley Market:
The Global Malted Barley Market is segmented into Basic Malt and Special Malt. Basic Malt, also known as base malt, is the primary type of malt used in brewing and represents the largest share of the worldwide Malted Barley market, with an 84% share. It provides the sugars necessary for fermentation and contributes to the beer's flavor, color, and body. On the other hand, Special Malt is used in smaller quantities to add unique flavors and colors to the final product. These malts are often roasted or caramelized to create a wide range of flavors, from sweet caramel and toffee to dark chocolate and coffee. The choice between Basic and Special Malt depends on the specific requirements of the brewer or food manufacturer, and both types have a significant role in the Global Malted Barley Market.
Brewing, Food Industry, Others in the Global Malted Barley Market:
The Global Malted Barley Market finds its usage in various areas such as Brewing, Food Industry, and others. The brewing segment is the largest end-use industry segment of the market, with an 83% share of the global market. Malted barley is a key ingredient in beer production, providing the necessary sugars for fermentation and contributing to the beer's flavor, color, and body. In the food industry, malted barley is used in a variety of products, including bread, cookies, cereals, and malted milk. It adds a unique flavor and nutritional value to these products. Other uses of malted barley include distilling, where it is used to produce whiskey and other spirits, and animal feed, where it provides a valuable source of protein and fiber.
Global Malted Barley Market Outlook:
Looking at the Global Malted Barley Market outlook, it's clear that the market is on a growth trajectory. In 2023, the market was valued at US$ 12420 million and is expected to reach US$ 15630 million by 2030, growing at a CAGR of 3.3% during the forecast period 2024-2030. Basic Malt holds the lion's share in the product type category, accounting for 84% of the market. In terms of applications, the brewing segment dominates, holding an 83% share of the global market. Geographically, Europe holds the majority share in the market, accounting for 54% of the global market. This can be attributed to the region's strong brewing industry and the high demand for malted barley in food production.
| Report Metric | Details |
| Report Name | Malted Barley Market |
| Accounted market size in 2023 | US$ 12420 million |
| Forecasted market size in 2030 | US$ 15630 million |
| CAGR | 3.3% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Boortmalt, Malteurop, Groupe Soufflet, Viking Malt, United Malt, Rahr Malting Company, Avangard-Agro, Muntons Malt, COFCO, Shun Tai Mai bud Group, Beidahuang Group, Jiangsu Nongken, Dalian Xingze, Tsingtao |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
