MALTED BARLEY MARKET ANALYSIS

Malted Barley MarketSize and Trends

The global malted barley market is estimated to surpass US$ 11.3 Billion by the end of 2030 in terms of revenue, exhibiting a CAGR of 3.3% during the forecast period (2023 to 2030).

Market Trends

The food processing industry's increased demand for malted barley

The growing demand for malted barley in the food processing industry is driving the market growth. In food processing various types of malts are available in the form of extracts, syrups, liquid or dry, enzymatic or non-enzymatic, dark or light colored. Malts are used by many segments of the food industry and are used according to their solid content, enzymatic activity, color, pH factor, ability to reduce sugar level, protein, ash, and microbiological profiles. For instance, according to the report by the food navigator in 2020, food processing industries are using malted barley as a source of high protein and phytochemical content. The implication of phytochemicals in food products provides antioxidants and nutrition for the human body. The increased public knowledge of the health benefits of malted foods is expanding the market for malted barley.