Europe Malt Extract Market, By Application (Bakery, Confectionary, Beverages (Alcoholic, Non-Alcoholic), Animal Feed, Pharmaceuticals), By Source (Barley, Wheat, Rice Rye), By Product Form (Dry, Liquid), By Product Type (Standard, Specialty), and By Region (Western Europe, Eastern Europe) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Published In : Aug 2020

Code : CMI4104

Pages :150

Formats :

Excel and PDF

Industry : Food and Beverages

Europe Malt Extract MarketSize and Trends

Malt extracts are majorly derived from barley but can be produced from other sources such as rye, oats, and sorghum. It is available in two forms: dry malt extract and liquid malt extract. Malt is a very crucial ingredient used in the production of beer as it provides sugar and carbohydrate in order to give a distinct flavor to it. Moreover, they are also used in the preparation of other food &beverages.

Europe malt extracts market is estimated to account for US$ 8,781.9 Mn in terms of value and 13,481,593.1 Tonnes in terms of volume by the end of 2019.

Western Europe region dominated the Europe malt extracts market in 2019, accounting for 82.5% share in terms of value, followed by Eastern Europe.

Figure 1. Europe Malt Extracts Market, Revenue Share (%), By Region, 2019

Market Trends/Key Takeaways

Shifting preferences for gluten-free malt extracts among health-conscious consumers is a trend in the market and is projected to provide immense growth opportunity to the market of malt extracts. This is attributed to the rising prevalence of joint-pain, obesity, and other health-related issues. Moreover, gluten-free malt extracts are also gaining huge demand across geriatric populations. The aforementioned factors are projected to foster market growth.

Increasing preferences for sugar-free label products is a growing trend in the market due to the rising adoption of a healthy lifestyle among consumers. Malt extracts remove the need for added sugars in the food products and also reduce the need for artificial additives. Use of malt-extracts allows bakery and beverages products to be labeled as sugar-free. This is one of the major factors growing demand for such products across health-conscious consumers.