[180 Pages Report] The Europe malt extract market is valued at USD 9.8 Billion in 2021. The market is likely to grow at a CAGR of 5.6% CAGR through 2026, reaching USD 12.9 Billion by 2026.
In 2021, beverages segment is the most lucrative, accounting for nearly USD 4.79 Billion from the global share. By 2026-end, this segment will reach USD 6.41 Billion.
Growing demand of gluten free bakery products leads to upliftment of malt extract market.
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Diastatic malt extract is derived from sprouted grains and is used as a substitute product replacing sugar and honey needed to feed yeast in bakery products. Another important feature of diastatic malt is that it can also reduce the need for additional artificial sugar in bakery products and thus can be labelled as sugar-free. Also, as diastatic malt is rich in vitamins and enzymes, it increases the nutritional value of baked products and also helps in extending the shelf life of baked products.
These positive properties of diastatic malt and awareness about its health benefits is fuelling the demand for malt ingredient based bakery products. To underscore this point, it should be considered that malted barley extract replaces sugar needed for feeding yeast at a ratio of three-fourth in bakery products; 12 oz of malted barley extract replaces 16 oz of sugar. Health conscious consumers of the present times prefer sugar-free or less sugary food products, and this factor is expected to fuel demand for malt ingredient based bakery products during the forecast period.
The consumers of today have shifted their preference towards natural and organic food products, with a focus on the various health benefits such types of food offer. Additionally, strict government regulations on food additives are currently a major concern for food manufacturers. Due to this, food manufacturers are focussing on producing clean label products by limiting or not using food additives and increasing the adoption of natural food flavours and colours as substitutes to synthetic additives.
Food manufacturers are also focussing on leveraging the preference of consumers towards health and wellness over cost of products and using malt as an ingredient, besides others, to secure clean label approval for various food products. In addition to the clean label claims, malt based ingredients enable bakers and food producers to replace high fructose corn syrup from product labels.
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Due to an increasing demand for malted wheat and malted barley in various applications, the need for similar substitutes is gaining traction globally. The shortage of wheat and barley malt can be averted by using other grains such as rice; however the substitute grains don’t possess the same nutritional as well as fermentation and other qualities such as that of barley and wheat, and therefore cannot be incorporated as a straight substitute. This is one of the main restraining factors impeding revenue growth of the Europe malt extract market.
Even though there are a large number of players in the bakery sector offering traditional bakery products, only a few players use malt ingredients in the products they offer. On the other hand, people all over the world are increasingly preferring food with natural ingredients owing to the inherent health benefits. This is a major trend creating high potential opportunities for companies offering such products.
This also creates opportunity for new domestic players to enter the malt extract market to leverage growing demand for gluten-free, sugar-free, high nutritional value, and clean label products from the brewery, bakery and food and beverage industries.
The Beverages segment accounted for a high value share of 48% in 2016 and is expected to register a relatively high CAGR of 6.0% during the forecast period. The Bakery segment is anticipated to register a CAGR of 5.5% in terms of value over the forecast period.
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There is a significant demand for gluten-free bakery products in countries such as the United States, United Kingdom, Japan, India and China, due to the increasing prevalence of diseases like obesity, joint pains and other health related issues apart from a growing aging population. The demand for gluten-free malt extracts that can be used as a specific flavour component and as a natural ingredient for a variety of products to impart natural colouring and sweetening is skyrocketing. This will lead to an increase in the demand for malt based products.
The Europe malt extract market is projected to reach a market value of US$ 12.9 billion by 2026.
The Europe malt extract market is expected to achieve a CAGR of 5.6% through 2026.
Rising demand for clean-label products in Europe has boosted malt extract's popularity as a natural ingredient choice.
In Europe malt extract market, dry products prevail due to their extended shelf life, storage convenience, and versatile usage in diverse food and beverage applications.
The beverages category commands market dominance and is projected to achieve a notable CAGR of 6.0% through 2026.
1. Executive Summary 2. Market Introduction 3. Europe Malt Extract Analysis Scenario 4. Market Dynamics 5. Europe Malt Extract Analysis and Forecasts, By Product Form 5.1. Dry 5.2. Liquid 6. Europe Malt Extract Analysis and Forecasts, By Source 6.1. Barley 6.2. Wheat 6.3. Rice 6.4. Rye 7. Europe Malt Extract Analysis and Forecasts, By Product Type 7.1. Standard 7.2. Specialty 8. Europe Malt Extract Analysis and Forecasts, By Application 8.1. Bakery 8.2. Confectionary 8.3. Beverages 8.3.1. Alcoholic 8.3.2. Non-Alcoholic 8.4. Animal Feed 8.5. Pharmaceuticals 9. Europe Malt Extract Analysis and Forecasts, By Region 9.1. Europe 10. Europe Malt Extract Analysis and Forecast 11. Competition Landscape 11.1. Competition Dashboard 11.2. Company Profiles (Details – Overview, Financials, Strategy, Recent Developments) 11.2.1. Axereal Group 11.2.2. Cargill, Incorporated 11.2.3. IREKS GmbH 11.2.4. Doehler Group SE 11.2.5. VIVESCIA Industries 11.2.6. Polttimo Oy 11.2.7. Malt Products Corporation 11.2.8. Malteries Soufflet SAS 11.2.9. Simpsons Malt Limited 11.2.10. Muntons Plc. 12. Assumptions and Acronyms Used 13. Research Methodology
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Europe Malt Extract Market
