MALT INGREDIENT MARKET ANALYSIS

Malt Ingredient MarketSize and Trends

Global malt ingredient market was valued at US$ 5,783.9 Mn in 2022, exhibiting a CAGR of 5.7% in terms of revenue over the forecast period (2023 to 2030) to reach US$ 9,044.6 Mn by 2030. Malt is one of the most popular cereal grains that is produced by using barley, which is soaked in water and then dried in hot water. This process allows the germination of barley. This process is called malting. The malting process enables the starches in the grains to be converted into sugars such as glucose and fructose and glucose. There are two types of malt powder available in the market called diastatic and nondiastatic. A diastatic malt product is used during baking in order to ensure the proper rise of the baked product. Nondiastatic does not contain any enzymes and is thus mainly used as a flavor in beverages. It is gaining huge demand as a functional ingredient in the preparation of functional foods such as nutritional foods and drinks as it contains essential vitamin B and amino acids and is also considered a rich source of fiber.

Global Malt Ingredient Market - Trends

Rising consumption of non-alcoholic malt drinks is expected to foster the market growth of malt ingredients. For instance, in August 2019, Coca-Cola launched its global brand Barbican in India, a high-volume non-alcoholic malt drinks market. A non-alcoholic malt drink is a high-energy beverage, brewed in the same fashion as beer or ale. Hence, the rising demand for energy drinks is accelerating market growth.

Growing consumption of sugar-free bakeries is expected to accelerate the market growth of malt ingredients over the forecast period. For instance, in November 2018, Ulrick & Short launches a gluten-free sugar replacer for bakery goods. Avanté 9 is the latest in Ulrick & Short's sugar reduction range and promises to reduce more than 20% of sugar in gluten-free bakery formulations while maintaining the volume, texture, and crumb structure.

Global Malt Ingredient Market - Segmentation

On the basis of the source in 2022, the barley segment has accounted for the largest market share of 61.70% in terms of value, followed by wheat and others. Barley is the most common source of malt ingredients. It is primarily used for malting due to its favourable characteristics such as high enzyme content and starch composition. Wheat is another significant source of malt ingredients. While not as commonly used as barley, it is employed in the production of certain malted beverages and food products.

Figure 2. Global Malt Ingredient Market, By Region, 2022

Global Malt Ingredient Market - Recent Developments

• In September 2022, Muntons introduced wheat and barley malt components for the production of plant-based meat. The company sought to provide 100% environmentally friendly ingredients to producers of plant-based sausages, sliced deli beef, and burgers. Muntons PLC is a manufacturing company. The company manufactures and supplies malt, malt extract, and malted ingredients. Muntons operates in the United Kingdom.
• In June 2021, Malteries Soufflet began making malt at its new facility in Ethiopia. The business sought to increase its market share outside of Europe. Malteries Soufflet manufactures malt products. The company specializes in agricultural goods, cereals, oilseeds, dairy products, lentils, rice, and vegetables. Malteries Soufflet serves customers in Europe.
• In May 2021, Muntons introduced a brand-new, premium malt extract without alcohol. According to the manufacturer, the extract is adaptable, simple to use, and created to add body, mouthfeel, and taste. The brewers can produce alcohol-free options without the need for expensive machinery thanks to the alcohol-free malt extract.
• In 2020, Boortmalt launched a new range of organic malts for craft brewers, made from barley grown using regenerative farming practices. Boortmalt N.V. produces malt. The Company specializes in the production and delivery of fine malts in large quantities to supply the specific demands of specialized breweries and distilleries around the world.