The global Wheat Malt market is expected to reach a market valuation of US$ 1,293 million by 2023, recording a CAGR of 3.9% from 2023 to 2033.
A grain called wheat malt is renowned for having more protein than barley malt. The second most popular malted grain in brewing is wheat. Whisky and beer are both made from malted wheat. Malted milkshakes, malt vinegar, and sweets like Whoppers and Maltesers are also made with it. Malted malt has the ability to produce enzymes that break down the starches in grains to create different sugars including monosaccharide glucose and disaccharide maltose. Moreover, wheat grain contains high sources of vitamins, proteins, and minerals.
| Attribute | Details |
|---|---|
| Wheat Malt Market Size (2023E) | US$ 1,293 million |
| Wheat Malt Market Projected Size (2033F) | US$ 1,896 million |
| Value CAGR (2023 to 2033) | 3.9% |
| Top 3 Countries Marketing Share | 61.1% |
As wheat malt pairs well with light fare and seafood and because summertime consumption of wheat beer increases, it is also used to make beer. Unfortunately, white wheat malt has a high rate of perishability and a limited supply of raw materials.
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| Market Statistics | Details |
|---|---|
| Jan-Jun (H1), 2021 (A) | 3.3% |
| Jul-Dec (H2), 2021 (A) | 3.8% |
| Jan-Jun (H1),2022 Projected (P) | 3.8% |
| Jan-Jun (H1),2022 Outlook (O) | 3.5% |
| Jul-Dec (H2), 2022 Projected (P) | 3.9% |
| Jul-Dec (H2), 2022 Outlook (O) | 3.9% |
| Jan-Jun (H1), 2023 Projected (P) | 3.2% |
If the global consumption of beverages rises, there may be an increase in the demand for wheat malt. In order to boost the demand for and the accessibility of products made from wheat malt around the world, both the regional and global markets are crucial. The research of the manufacture of unconventional healthy wheat malt beverages that can act as an alternative to traditional soft drinks and alcoholic beverages is a result of the growing public awareness of the impacts of malnutrition. When compared to barley malt, wheat malt also contains more protein, which improves the beer's froth quality and other characteristics. The rise in disposable income has allowed for utilization of healthy wheat malt products.
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Worldwide, it has been noted over the years that wheat consumption has consistently lagged wheat output. This enables the production of wheat malt, which is then usable in the beverage and brewing industries. However, given that the human population is growing at a rapid rate and that wheat consumption will follow suit, this component may fluctuate in the future. Natural disasters like drought can have an impact on the amount of wheat produced, and weather variations can have an impact on the wheat's quality, which can have an impact on the brewing and beverage industries. Weather during the growing and harvesting seasons is crucial since it can impact the nutritional value of the crop.
As there is such a high demand for alcoholic beverages in the North American region, it is one of the most dominant regions in the market. The number of small, independent breweries, microbreweries, and brewpubs increased to 7,346 in 2018, according to data provided by the Brewers Association. Additionally, government initiatives to include new breweries have been boosting market growth, resulting in a double-digit growth in the United States up until 2017.
Throughout the course of the projected period, it is anticipated that the Asia Pacific area will grow at the fastest rate. The limits for baking ingredients are not nearly as rigorous in this region of the world as they are in Europe and the United States of America. In the markets of China, India, Japan, and Thailand, this is predominantly increasing demand for bakery and confectionery products. These countries also generate a significant amount of wheat, which will favorably affect the production of malted wheat as a result.
Europe held the top spot in the global market for malted wheat because there were so many global maltsters there, including Bairds, Simpsons, and Warminster in the United Kingdom. Europe is home to several nations with sizable drinking cultures, which helps to explain the high level of alcoholic beverage consumption in the continent as a whole. The trend toward healthier food products that is taking place among the European population may limit the usage of malted wheat to the manufacturing of brewed and distilled alcoholic beverages. As a result, it is projected that the market's growth will be affected throughout the aforementioned period.
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The highest demand for malted wheat was seen in the bakery and confectionery industries. The main bakery product that used this flour was bread because of its sweet flavor and humectant qualities. Hygroscopic substances called humectants help to keep food moist for a longer period of time. Because the finished product stays wet and fresh for a longer amount of time, this characteristic makes it perfect for creating bread. Because of a rise in demand for bakery items from significant developing nations in the Asia Pacific, Central America, and South America, this market sector is anticipated to maintain its dominance during the forecast period.
Due to changes in the brewing sector, the use of malted wheat in the food and beverage industry is predicted to rise at the quickest rate during the next seven years. Maltsters utilize malted wheat and malted barley to enhance the flavor of beer and boost alcoholic beverage consumption. Also, changing the combination of this flour and malted barley produces a variety of colorful alcoholic beverages. Such changes are anticipated to increase the use of alcoholic beverages, driving up product demand in both the food and beverage industries.
Wheat Malt market is only slightly fragmented. The major market players are concentrating on expansion tactics like mergers and acquisitions and extending their distribution networks to increase their market position. The manufacturers in the market used a variety of competitive methods, including product releases, free-from claims, and organic and natural origin claims.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ million for Value and Metric Ton for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and the Middle East and Africa |
| Key Countries Covered | United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others. |
| Key Segments Covered | Type, Form, End Use, Color, Process, and Region |
| Key Companies Profiled | Cargill; Briess Malt & Ingredients Co.; Valley Malt; Viking Malt; Great Western Malting; Barrett Burston Malting Co. Pty. Ltd; Simpsons Malt Limited; Gladfield Malt; Crisp Malting |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The Wheat Malt Market is valued at US$ 1,293 million for 2023.
The Wheat Malt Market valuation is expected to be US$ 1,896 million in the year 2023.
The value of CAGR for the Wheat Malt Market is estimated to be 3.9%.
The beverages segment would garner significant market value share by 2023.
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