According to Future Market Insights' analysis, the worldwide malt market would expand at a CAGR of 3.3% during the predicted time period. According to projections, the market would be worth USD 5,119.0 Million in 2032 as opposed to USD 3,699.8 Million in 2022.
| Attributes | Details |
|---|---|
| The market size value in 2022 | USD 3,699.8 Million |
| Market forecast value in 2032 | USD 5,119.0 Million |
| Forecast period | 2022 to 2032 |
| Global growth rate (CAGR) | 3.3% |
| Share of USA in malt market | 34.3% |
A product called malt is made from grains using the partial germination-based malting process, which modifies the grains' inherent food compounds. Malt is typically made from barley; less frequently, it is made from rice, wheat, corn, and rye. Making beer is the main application for malt. Whiskey and other beverages can also be made with malt.
Due to its extensive use in alcoholic beverages, drinks, and food products, it is a vital commodity in the food and beverage industry. Additionally, it is employed in the production of a number of baked goods, such as bagels, malt bread, and rich tea, as well as sweets like malted shakes, malt vinegar, and flavored beverages like Horlicks and Milo. Malted barley is one of the constituents in the blended flour used to make yeast bread and other baked goods.
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In 2017, the malt market had a value of USD 3,085.2 million. Between 2017 and 2021, the malt market is projected to expand at a CAGR of 3.7%. In 2021, the market for products containing malt was expected to be worth USD 3567.8 Million.
The use of malt in the rapidly expanding beer sector is the main factor driving this market. Another factor driving the expansion of this market is its extensive application in the food industry. Utilizing various malt extracts in culinary products presents opportunities for this sector. The expansion of this industry is hampered by the rising popularity of wine and other alcoholic beverages, which would reduce beer consumption.
During the forecast period from 2022 to 2032, the global malt market is supposed to grow at a CAGR of 3.3%.
The largest market for malts in the world has long been the USA of America. Among all the major players, the USA has the highest production and consumption rates. This expansion has mostly been fueled by the massive craft beer revolution in the USA. The demand for malt has increased as a result of American brewers using it more frequently as a taste and fragrance component. In addition, the popularity of contract brewing and private label companies has grown, further boosting the demand for malt.
The biggest market for malt is now in the Asia Pacific region. This is brought on by a number of elements, such as the expanding beer market in the area and the rising recognition of craft beer.
More than 4 billion people, or more than half of the world's population, live in the Asia-Pacific region. This indicates that the market for malt in the area has enormous potential. Additionally, the area's economy is expanding quickly, which is boosting beer demand.
Craft beer is getting more and more popular in the Asia Pacific region for a variety of reasons. First off, people tend to view craft beer as being more premium and authentic than mass-produced beer. Second, craft breweries can experiment with various flavors and ingredients, which attracts customers seeking out something novel and interesting.
In recent years, the demand for malt in the German market has grown significantly. This is due to a number of factors, including the increasing popularity of craft beer and the growing popularity of home brewing.
Malt is an essential ingredient in beer, and the German market is one of the largest in the world. As such, there is a strong demand for malt from brewers both large and small.
The growth in demand for malt has been driven by a number of factors. Firstly, the craft beer movement has seen a significant increase in popularity in recent years. This has led to more people brewing their own beer at home, as well as more breweries opening up across the country.
Secondly, the growth of online retail has made it easier for consumers to purchase malt online.
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The beer industry is booming and with that, the demand for malt is on the rise. Brewers are increasingly using wheat and rye malt to create their unique brews. The trend is being propelled by the growth of microbreweries and craft beer makers who are always looking for new flavours.
Malt is an essential ingredient in beer brewing. It provides the enzymes that convert starch into sugar, which is then fermented to produce alcohol. Malt also gives beer its colour, flavour, and body.
The increased demand for malt has led to a boom in the malt market. More and more farmers are planting wheat and rye to meet the needs of brewers. The market is expected to continue growing as more people discover the joys of craft beer making.
Malt is used in the pharmaceutical industry to make medicines and supplements that are essential for human health. Malt is a source of nutrients that are essential for the body, and it also has antiseptic and antibacterial properties. Malt extract is used in many different medicines, including cough syrup, tonics, and ointments. Malt syrup is also used as a sweetener in some medicines.
A rich source of B vitamins and amino acids is malt extract. The conversion of carbohydrates, protein, and fat from food into energy requires the presence of vitamin B.
Companies in the malt industry are always introducing new kinds of components to meet consumers' changing wants and capture the broadest market possible. Businesses are also concentrating on expanding their distribution networks in order to access new markets.
These are some of the major companies in the malt market:
In a recently published Research, FMI in-depth examined the pricing policies of malt producers positioned across geographies, sales growth, manufacturing capacity, and speculative production development.
The full report includes recent alterations that the FMI team has been keeping an eye on and that have affected malt suppliers.
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| Attribute | Details |
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| Forecast period | 2022 to 2032 |
| Historical data available for | 2017 to 2022 |
| Market analysis | USD million in value |
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| Key segments covered |
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| Key companies profiled |
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| Customization and Pricing | Available upon request |
The Malt market size is assessed to be USD 3,699.8 Million in 2022.
The Malt market is expected to rise at a CAGR of 3.5%.
USA, China, Canada, Germany, China, India, United Kingdom are the major countries driving demand for the malt market.
China's Malt market is projected to grow at a CAGR of around 5.6% over the next ten years.
Its market share of Germany in beef fat is about 27% of the global market.
Crisp Malting Group Ltd., Muntons Malt plc., Crisp Malting Group Ltd., Heineken, and Malteurop Group are expected to be the top players driving the market growth.
The global Malt market is forecasted to surpass USD 5,119.0 Million by the end of 2032.
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