Malt Ingredients Market worth $22.8 Billion by 2020
The global malt ingredients market is projected to reach a value of $22.8 Billion by 2020, growing at a CAGR of 6.8% from 2015.
Malt ingredients are food additives that are used for flavor and color enhancement, so as to modify or stabilize texture of food & beverage products. Growing food product innovations to incorporate natural ingredients such as malt ingredient, and increasing demand for health and wellness products are emerging opportunities for this market.
Increase in consumer awareness regarding the health benefits of malt ingredient and the wide range of applications in the food industry are driving the market. The increase in consumption of processed and convenience food products in emerging markets such as Asia-Pacific and Latin American countries have contributed to an increase in the sales of malt ingredients. The demand in developing regions is driven by the increase in disposable income.
Increase in consumption of beer and nutritional malt beverages is one of the key drivers for this market as malt is one of the main ingredients used in beer. Malt extract beverages, especially powdered varieties, contain vitamins B2, B3, B6, and B12; iron; zinc; calcium; magnesium; phosphorus; and some amino acids. Alcohol-based malt extract beverages, such as beer and whiskey, are much more dilute in terms of malt and contain far less mineral and vitamin content.
Alcoholic beverage beer, in particular accounted for the largest share in this market in 2014. As malt is one of the main ingredients for the brewing of beer, it provides the flavor, color, and other organoleptic compounds. Europe dominated the malt ingredient market in 2014, and is projected to grow at the highest CAGR of 7.4% from 2015 to 2020. The consumption of malt ingredients in the pharmaceutical sector, pet food, and personal care products is lesser when compared to its use in the food & beverage segment.
This report "Malt Ingredients Market by Type (Dry Extracts, Liquid Extracts, Malt Flour), Source (Barley, Wheat, Rye), Grade (Standard & Specialty), Application (Alcoholic & Non Alcoholic Beverages, Food & Pharmaceutical), & by Region - Global Trends & Forecast to 2020", defines and segments the malt ingredients market with analyses and projections of the market size, in terms of value and volume. The market has been segmented on the basis of types, source, grade, and application. The report also identifies the driving and restraining factors of the global market with an analysis of trends, opportunities, and challenges. The market is segmented and the market size is projected on the basis of key regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). The key countries are covered, and the market size and trends are projected for each region.
Browse 89 market data tables and 68 figures spread through 200 pages and in-depth TOC on “Malt Ingredients Market - Global Trends & Forecast to 2020"
This research report includes the market for malt ingredients used in beverage, food, pharmaceutical, and other applications. The market for malt ingredients is projected to reach a value of $22.8 Billion by 2020, growing at a CAGR of 6.8% from 2015. Trends such as increasing demand for natural ingredients, clean-label products, and products that boost health and wellness are driving the global malt ingredients market. Malt is one of the major ingredients in the brewing industry, which is a key driver for the market.
The European region is one of the leading global producers and consumers of malt ingredients. The malt ingredients market in this region is projected to grow at a CAGR of 7.4% from 2015 to 2020.
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