Global Malt Ingredients Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
Malt Ingredients play a role in the brewing industry and have been attracting significant attention across different sectors for their versatility lately! These ingredients are meticulously extracted from malted grains— barley—and undergo an oven drying process that activates enzymes to unleash a wealth of nutrients within them! The craft beer industry has been leaning towards using specialty malts of late to spark creativity and innovation, in brewing methods!
Market Key Insights
- The Malt Ingredients market is projected to grow from $28.5 billion in 2024 to $53.4 billion in 2034. This represents a CAGR of 6.5%, reflecting rising demand across Brewing, Pharmaceutical and Food and Beverage.
- Cargill Incorporated, Malteurop Group, GrainCorp Limited lead the market as major players who determine its competitive dynamics.
- U.S. and Germany are the top markets within the Malt Ingredients market and are expected to observe the growth CAGR of 4.2% to 6.2% between 2024 and 2030.
- Emerging markets including Vietnam, Brazil and South Africa are expected to observe highest growth with CAGR ranging between 7.5% to 9.0%.
- The Malt Ingredients market will experience $3.5 billion in additional growth through 2030 because of the transition toward organic malt ingredients.
- The Malt Ingredients market is set to add $25.0 billion between 2024 and 2034, with manufacturer targeting Brewery & Confectionery Application projected to gain a larger market share.
- With Rising demand for craft beers, and Changing consumer preferences, Malt Ingredients market to expand 88% between 2024 and 2034.
Opportunities in the Malt Ingredients
The world of alcoholic drinks is starting to incorporate malt components more and more as they can boost both taste and nutritional benefits effectively. Malt infused beverages are gaining traction among health conscious consumers due, to their abundance of vitamins and minerals.
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Rising Demand for Craft Beers, and Technological Advancements in the Malt Ingredient Sector
Health conscious consumers are also driving the rising popularity of malt based food products due to the perceived health advantages linked to malt usage in these items. The demand for malt ingredients in the food industry is also also on the rise because of the increasing focus, on gluten free diets.
Restraint: Volatility in Raw Material Prices
Opportunity: The Rise of Craft Beer Breweries and Expanding Functional Food Market
Given the growing focus on staying healthy and fit these days malt ingredients have a lot of promise in the food industry. They come with health perks such as enhancing bone health and aiding digestion and can be added to items, like cereals, snack bars and energy drinks to amp up their nutritional content.
Challenge: High Operational Costs
Supply Chain Landscape
Cargill Inc
GrainCorp Ltd
Boortmalt
Malteurop Group
Crisp Malting
Simpsons Malt
Muntons Malt
Briess Malt & Ingredients Co
Cargill Inc
GrainCorp Ltd
Boortmalt
Malteurop Group
Crisp Malting
Simpsons Malt
Muntons Malt
Briess Malt & Ingredients Co