Global Malt Ingredient Market - Growth, Trends and Forecasts (2017 - 2022)
|出版商||Mordor Intelligence LLP||商品編碼||458510|
|出版日期||內容資訊||英文 180 Pages
|麥芽成分的全球市場:成長率、趨勢、未來預測 Global Malt Ingredient Market - Growth, Trends and Forecasts (2017 - 2022)|
|出版日期: 2017年03月01日||內容資訊: 英文 180 Pages||
The global malt ingredient market is driven by the increased consumption of alcoholic beer and alcoholic drinks across the globe. The market is highly consolidated with regional domestic, as well as, international players. The major players in the market are Cargill, Muntons Malt plc, Malteurop Group, Graincorp Limited, Simpsons Malt Ltd., Rahr, Briess Malt & Ingredients Co., among others.
The global malt ingredient market is expected to grow at a CAGR of XX % during the forecast period of 2017 - 2022. The market, estimated at USD XX billion as of 2016, is projected to reach USD XX billion by 2022. Malt is commercially known as the primary ingredient for beer production, which is obtained from dried germinated cereals. The malting of grains develops necessary enzymes for the conversion of starch into sugars, which assists the fermentation process in brewery and distillery industries. However, malt is widely used in other food products such as milk foods, snacks, flavor, etc.
The market has been segmented by the ingredient type, source, application, commercial grade type and geography. Malt produced from grains is available in various forms such as malt flour, dried malt extract, liquid malt extract, kibbled malt, malt flakes, malt vinegar, malt syrup and others. Malt and malt flour hold the largest share of the market due to their direct consumption for the manufacturing of beer, whisky and beverages. Alcoholic beverage industries have a direct contract with the malt suppliers for either two-row, four-row, six-row malt grains or for malt flours, which create an unbeatable demand in the market. Malt is obtained by various cereal sources such as barley, wheat, rice, oats, rye and others such as corn. Barley holds the largest market share due to its preferred malt consumption in the beverages industry. It has a unique enzyme property that makes it dominant over other grains. However, oats and rye are the fastest-growing segments due to their nutritional profile and the increasing application in various flavored food products. Malt has several end applications such as in brewery, distillery, bakery, cereals, confectionery, non-alcoholic beverages and others such as snacks, savories, etc. Brewery application consumes more than 90% of the malt and has dominated the market. Based on commercial grade type, the malt market is segmented into standard malt and specialty malt.
The global malt ingredient market is divided into North America, Europe, Asia-Pacific, South America and Africa. North America and Europe dominate the market with their massive production of brewery and malt products. Europe malt export accounts for about 60% of the global malted barley. Moreover, the market is fully captured by various small domestic companies, marking a significant position in the market. Asia-Pacific is growing at a fast rate, driven by beer consumption in China. China and Australia have dominant positions in Asia-Pacific, which has created a huge demand for the import of malt ingredients. Imported barley malt is mainly preferred for alcoholic beverages because of its high quality, which is the primary driving factor in developing nations.
The malt ingredient market has been dominantly driven by the huge demand from the brewery industry, especially the growing consumer trend for craft beer. In the US, craft beer is a growing segment, which makes up most of the breweries in the country and promotes the traditional beer style and small-scale domestic beer production. Developing countries, such as China, which is leading the world beer production and growing at a fast rate, are triggering the market demand. Other major drivers for the market are the innovation of new exotic and healthier malt products and increased application of malt into other food products such as biscuits, baby food, and floured malt beverages. However, the government taxes on the malt imported by major exporting countries such as China and Brazil has affected the market growth. The highly consolidated market of malt is another restraining factor for the market.
Muntons Malt plc
Recent Industry Insights
"Malteurop parent has acquired the barley trader Interbrau to extend its market presence."
Products designed based on the malt flavor, and kibbled malt in various food products are the future spotlight. Companies are focusing on different flavored malt beverage products such as fruity flavored malt beverage, specially targeting female consumers. Wild flavors and specialty ingredients in beer mix and malt beverages create opportunities for the market. Moreover, in developing regions, the introduction of healthier products made from malt, such as malt energy drink, has been a targeted product for the market.
Key Deliverables in the Study
Market analysis for the global malt ingredient market, with region-specific assessments and competition analysis on global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global malt ingredient market on both, global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions where this industry is growing and identify the regions that are still untapped.
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