The numerous uses of malted barley in the pharmaceutical, food, beer, and distillery industries is one of the primary reasons anticipated to spur market expansion over the projection period. The primary component used to make beer is malted barley, and it is this element that gives beer its distinct flavour. Beer is in higher demand as a result of public awareness of its health advantages, better nutritional value, and ability to lower heart-related issues. The demand for malted barley is rising in tandem with the expansion of the beer market. The growth in the beer market is simultaneously increasing the demand for the malted barley.
The Malted Barley Market is estimated to surpass US$ 9.92 million by the end of 2028 in terms of revenue, exhibiting a CAGR of 2.3% during the forecast period (2021 to 2028).
Major Players in the Malted Barley Industry:
1. Graincorp
GrainCorp Limited operates as an agribusiness and processing company in Australasia, Asia, North America, Europe, the Middle East, North Africa, and internationally. It operates through two segments, Agribusiness and Processing. GrainCorp Limited was founded in 1916 and is headquartered in Sydney, Australia. In April 2019, Grain Processing Corp., (GPC) started a new expansion project in Daviess County. The company is investing $70 million to expand its Washington plant. GPC is growing its operations due to increasing demand for its MALTRIN products, which the company says are "high-quality, corn based ingredients used in numerous food, pharmaceutical, and personal care applications.
2. Rahr Corporation
Rahr was founded on the shores of Lake Michigan in 1847 by German immigrant and brewer, William Rahr. The company has headquarters situated in Shakopee, MN. In September, 2022 Brewers Supply Group (BSG), a wholly owned subsidiary of Rahr Corporation, announced a new distribution partnership today with the United Kingdom-based Totally Natural Solutions (TNS).
3. Malt Products Corporation
Founded in 1957 and headquartered in Saddle Brook, NJ, Malt Products Corporation (MPC) is a leading manufacturer and distributor of malted barley extract and natural sweeteners. MPC has grown from a regional supplier of malts to an international company offering a full line of natural sweeteners serving a wide range of industries, such as bakery, confectionary, beverages, snack foods and cereals, pet food, animal nutrition, and pharmaceutical. In May, 2020 Malt Products Corporation (MPC), a manufacturer of malted barley extract and other natural, nutritious sweeteners, has designed an Innovations Lab to help its food & beverage industry customers test ingredients, experiment with new formulations and gain insight into critical flavor and stability properties.
4. Barmalt
Established in 1967, Barmalt is now the leading manufacturer of malt and malt extracts in India. It has headquarters situated in Haryana, India.
5. Muntons plc
Muntons was founded in 1921 and remains a family owned company to this day. Muntons is a family-owned manufacturer, based in the UK, which supplies world-class malts and malted ingredients across the globe. It provides a full portfolio of brewing malts, from crushed malt in sacks to the whole malt in bulk. It has headquarters situated in Suffolk, UK. In September, 2022 Muntons Launched PlantMalt for Clean, Plant-Based Food Full of Flavour.
6. Imperial Malt Ltd
Established in the year 1981, Imperial Malt Ltd. is engaged in manufacturing of quality malt products and barley products. It has headquarters situated in Haryana, India.
7. Malteurope
Since 1984, Malteurope, we do more than malt; we support brewers in making the best beers, distillers the best spirits and food companies the best products. It has headquarters situated in European Union (EU).
8. IREKS GmbH
Founded in 1856, IREKS is an international family business with headquarters in Kulmbach, Germany, and customers in 90 countries worldwide. It has headquarters situated in Kulmbach, Bayern.
*Definition- Malted barley, also known as malt, is barley that has been steeped in water and allowed to germinate (or sprout).
