Coherent Market Insights

Malted Barley Market to Surpass US$ 11.3 Bn by 2030

Malted Barley Market to Surpass US$ 11.3 Bn by 2030 - Coherent Market Insights

Publish In: Aug 16, 2023

The Global Malted Barley Market is estimated to be valued at US$ 8.7 Billion in 2022, according to the Global Malted Barley Market Report, by Type (Basic Malt and Special Malt), By Form (Flakes, Pallets, Granular, Powder, and Liquid), by Application (Brewing (Beer, Whiskey), Food Industry, Pharmaceuticals, and Others) and by Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa), published by Coherent Market Insights.

The global malted barley market is expected to surpass US$ 11.3 Billion by 2030, exhibiting a CAGR of 3.3% during the forecast period (2023-2030). The global demand for malted barley is rising due to its growing demand from the food and beverages industry, which will fuel the global malted barley market demand. Malted barley is used to increase the nutrition and appearance of baked goods and quality of beverages. The fermentation process of barley grains leads to the production of various good enzymes which are essential for humans. Malted barley is used for the production of sweet meal which is a ground form of malted grain. Major malt producing companies are investing into the research and development of barley for the better and improved crop yield. For instance, Syngenta, a leading agriculture company working in the field of better crop production techniques and improved seed varieties, has developed two new crop varieties of barley, such as SY Canyon and SY Bronte Canyon, SY Canyon has good straw strength, lodging resistance, good specific weight and higher yield while SY Bronte combines very high treated yield, excellent grain quality, and strong agronomic characteristics. Both the varieties are approved by Agriculture and Horticulture Development Board (AHDB).

To know the latest trends and insights prevalent in this market, click on the link below:

https://www.coherentmarketinsights.com/market-insight/malted-barley-market-5026

Key Trends and Analysis of the Global Malted Barley Market:

Among regions, Asia Pacific accounted for the share of 2.9% in 2022 in the global malted barley market. The North America market has a high presence of some of the key players in the market. For instance, according to a press release, Boortmalt NV, the world’s largest malting company, announced it plans to reopen its malting facility at Cavan, South Australia (SA) from June 2021. Cavan malting plant was one of seven malt houses acquired in November 2019 and is now part of Boortmalt Asia Pacific, headquartered in Austrulia. The plant infrastructure and control systems will be extensively upgraded with a focus on quality improvements, sustainability initiatives, and efficient production. The reopening of this plant will support the growing demand for brewing and distilling malts in the Asia Pacific region and beyond.

Key Takeaways of the Global Malted Barley Market:

  • Among application, the food industry accounted for the highest market share of 6% in 2022, in the global malted barley market. The major application is in the beverage segment. Malt granulesare is a form of malted barley produced from malt, and it is used for the production of beverages and food products. Malt granules are dissolved in water before use, and have a range of different applications, especially in beverage production. Malt granules can be used in fermentation plants in the brewing or distilling industries, as well as for soft drink manufacture.
  • The applications of malted barley include the production of malt vinegar, which has seen a significant growth in the global malted barley market. Malt vinegar is a vinegar made from malted grains of barley. It has a tart flavor and can help to enhance the flavors of other foods. It ranges in color from light to dark brown. Some distilled varieties of malt vinegar are clear. Malt vinegar is made through a double fermentation process in which grains of barley are malted and brewed into ale. Malt vinegar is used for cooking.
  • The major players operating in the global malted barley market include Graincorp, Rahr Corporation, Soufflet Group, Malt Products Corporation, Barmalt, Muntons plc, Viking Malt PureMalt, Imperial Malt Ltd, Malteurope, BOORTMALT, Maltexco S.A., Holland Malt, IREKS GmbH, and Simpsons Malt
  • Technology launches, acquisitions, and R&D activities are the key strategies adopted by players in the global malted barley market. For instance, in November 2020, Briess Malt & Ingredients Co. an manufacture acquired a barley storage and processing facility in Ralston, Wyoming, U.S., and a seed plant in Powell, Wyoming, U.S., from Riverland Agri Corporation. Briess Malt & Ingredients Co. supplied specialty barley malts and ingredients to the U.S. beer and food industries, and it is the only malting company dedicated to the small scale production of specialty barley malts for American craft brewers. This acquisition helped grow the business of Briess Malt and Ingredient Company also malted barley.

Global Malted Barley Market - Impact of Coronavirus (COVID-19) Pandemic

The consequences of the COVID-19 pandemic have led to the slowdown of the malted barley production, demand, and trade. Malted barley is mostly utilized in beer manufacturing; the majority of beer is sold in restaurants, stadiums, and bars; however, due to COVID-19 regulations, beer sales have decreased significantly. According to a press release, the malt beverage business in the United States was down around 0.5 percent during the epidemic. Moreover, the unavailability of raw materials required for farming had further hampered the demand for malted barley. However, restarting of international trade and ease of trade restrictions are expected to generate the demand for malted barley in the upcoming years. Moreover, the loosening of restrictions and reopening of manufacturing facilities is expected to boost the demand for malted barley over the post-pandemic period.

Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports


Want to Buy a Report but have a Limited Budget?

We help clients to procure the report or sections of the report at their budgeted price. Kindly click on the below to avail


Logo

Credibility and Certifications

ESOMAR
DUNS Registered
Clutch
DMCA Protected

9001:2015

Credibility and Certifications

27001:2022

Credibility and Certifications

EXISTING CLIENTELE

Created billion dollars of revenue impact on thousands of clients

trusted clients logo
LogoCredibility and Certifications

Trusted Insights, Certified Excellence! Coherent Market Insights is a certified data advisory and business consulting firm recognized by global institutes.

Reliability and Reputation

860519526

Reliability and Reputation
Reliability and Reputation
Reliability and Reputation
ISO 9001:2015

9001:2015

ISO 27001:2022

27001:2022

© 2024 Coherent Market Insights Pvt Ltd. All Rights Reserved.