What is Global Dry Malt Extract and Ingredients Market?
The Global Dry Malt Extract and Ingredients Market is a rapidly growing sector that encompasses a wide range of products derived from malted grains. These products are primarily used in the food and beverage industry, but they also find applications in pharmaceuticals and other sectors. Dry malt extract is a concentrated form of malt that has been dried to remove moisture, making it easier to store and transport. Ingredients derived from malt, such as malt flour, malt syrup, and malt vinegar, are used to enhance the flavor, texture, and nutritional value of various products. The market for these ingredients is driven by the increasing demand for natural and healthy food products, as well as the growing popularity of craft beers and artisanal baked goods. With advancements in technology and production methods, the quality and variety of malt-based ingredients have improved, further fueling their demand. The global market is also influenced by regional preferences and dietary trends, making it a dynamic and diverse industry.
Barley, Wheat, Rye, Others in the Global Dry Malt Extract and Ingredients Market:
Barley, wheat, rye, and other grains play a crucial role in the Global Dry Malt Extract and Ingredients Market. Barley is the most commonly used grain for malt production due to its high enzyme content and favorable malting properties. It is used extensively in the brewing industry to produce beer and other alcoholic beverages. Barley malt is also used in the food industry to make malted milk, malt vinegar, and various baked goods. Wheat, on the other hand, is known for its high protein content and is often used to produce malt for baking and brewing. Wheat malt adds a distinct flavor and texture to bread, pastries, and wheat beers. Rye is another important grain in the malt industry, known for its robust flavor and high fiber content. Rye malt is used in the production of rye whiskey, rye bread, and other specialty products. Other grains, such as oats, corn, and rice, are also used in malt production, each offering unique characteristics and benefits. Oats, for example, are used to produce oat malt, which is known for its creamy texture and is often used in brewing and baking. Corn malt is used in the production of certain types of beer and spirits, while rice malt is popular in Asian cuisine and brewing. The choice of grain depends on the desired flavor, texture, and nutritional profile of the final product. The versatility and adaptability of these grains make them essential components of the Global Dry Malt Extract and Ingredients Market.
Beverages, Food, Pharmaceuticals, Others in the Global Dry Malt Extract and Ingredients Market:
The usage of Global Dry Malt Extract and Ingredients Market spans across various industries, including beverages, food, pharmaceuticals, and others. In the beverage industry, malt extracts are primarily used in the production of beer, whiskey, and other alcoholic beverages. The enzymes present in malt help in the fermentation process, converting starches into sugars, which are then fermented by yeast to produce alcohol. Malt extracts are also used in non-alcoholic beverages, such as malted milk drinks and energy drinks, to enhance flavor and nutritional value. In the food industry, malt extracts and ingredients are used in a wide range of products, including baked goods, cereals, confectionery, and dairy products. They add flavor, color, and texture to these products, as well as improve their nutritional profile. For example, malt extract is used in bread and pastries to enhance their flavor and texture, while malted barley flour is used in breakfast cereals to add a rich, malty flavor. In the pharmaceutical industry, malt extracts are used as a natural sweetener and flavoring agent in various medicinal products. They are also used in the production of certain dietary supplements and health foods, due to their high nutritional content. Other industries, such as cosmetics and animal feed, also use malt extracts and ingredients for their beneficial properties. In cosmetics, malt extracts are used for their moisturizing and antioxidant properties, while in animal feed, they are used to improve the nutritional value and palatability of the feed. The diverse applications of malt extracts and ingredients make them a valuable commodity in the global market.
Global Dry Malt Extract and Ingredients Market Outlook:
The global Dry Malt Extract and Ingredients market was valued at US$ 23,750 million in 2023 and is expected to reach US$ 32,760 million by 2030, witnessing a compound annual growth rate (CAGR) of 4.7% during the forecast period from 2024 to 2030. This growth is driven by the increasing demand for natural and healthy food products, as well as the growing popularity of craft beers and artisanal baked goods. The market is also influenced by advancements in technology and production methods, which have improved the quality and variety of malt-based ingredients. Additionally, regional preferences and dietary trends play a significant role in shaping the market dynamics. The versatility and adaptability of malt extracts and ingredients make them essential components in various industries, including food and beverages, pharmaceuticals, cosmetics, and animal feed. As consumers become more health-conscious and seek natural and nutritious products, the demand for malt extracts and ingredients is expected to continue to rise. The global market for these products is dynamic and diverse, offering numerous opportunities for growth and innovation.
| Report Metric | Details |
| Report Name | Dry Malt Extract and Ingredients Market |
| Accounted market size in 2023 | US$ 23750 million |
| Forecasted market size in 2030 | US$ 32760 million |
| CAGR | 4.7% |
| 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 | GrainCorp, Malteurop, Rahr Corporation, Boortmalt, Groupe Soufflet, Maltproducts, Holland Malt, Maltexco, IREKS, Muntons PLC, Simpsons |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
