Global Malt Ingredients Market Report 2022


New York, Oct. 07, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the “Malt Ingredients Global Market Report 2022” – https://www.reportlinker.com/p06325428/?utm_source=GNW
and Imperial Malt.

The global malt ingredients market is expected to grow from $19.66 billion in 2021 to $20.59 billion in 2022 at a compound annual growth rate (CAGR) of 4.7%. The malt ingredients market is expected to reach $24.79 billion in 2026 at a CAGR of 4.7%.

The malt ingredients market consists of sales of malt ingredients by entities (organizations, independent traders, and partnerships) that refer to products made from malt, which is a grain, typically barley, that has been dried after being soaked in water until it begins to germinate. Malt ingredients can be in solid or liquid form.

Malt ingredients are primarily used to create alcoholic beverages like beer and whisky.

The main types of malt ingredients are dry malt, liquid malt, malt flour and other types. Dry malt refers to a moisture-free wort, which is an aqueous extract of grain intended to be fermented into beer by yeast.

Raw materials used in the production of malt ingredients include barley, wheat, rye, corn, rice and oats. They are used in brewing, distilling, grain, bakery, beverage (non-alcoholic) and confectionery applications.

Western Europe was the largest region in the Malt Ingredients Market in 2020. The regions covered in the Malt Ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa.

The Malt Ingredients Market research report is one of a series of new reports that provide Malt Ingredients market statistics, including the global Malt Ingredients industry market size, regional shares, competitors holding Malt Ingredients market share, detailed Malt Ingredients market segments, market trends and opportunities, and any other data you may need to thrive in the Malt Ingredients industry malt. This Malt Ingredients Market research report provides a comprehensive perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Growing demand for beer is driving the malt ingredients market. Beer is a carbonated, fermented alcoholic beverage with an alcohol concentration of less than 5% that is frequently brewed from malted grains (mainly barley) and flavored with hops.

Rising disposable income and consumer preferences are leading to an increase in beer consumption around the world. Malt ingredients give color, flavor and head to beer, provide sugars for fermentation and contribute to the healthiness of beer.

For example, in 2021, according to national beer sales and production data from the Brewers Association, a national organization that represents the interests of small independent craft brewers in America, overall beer sales in the United States increased by 1% in 2021. , while craft brewer sales increased by 8%, bringing their volume market share to 13.1%. Hence, the growing demand for beer is expected to drive the demand for malt ingredients over the forecast period.

Strategic partnerships and joint ventures are a key trend in the malt ingredients market. Companies partner and collaborate with malt ingredient manufacturers to leverage each other’s resources and enter new markets.

In October 2019, Puratos Group, a Belgium-based company that supplies ingredients to bakers, pastry chefs and chocolatiers, entered into a joint venture with Estonian Malt. The joint venture will benefit from Puratos’ extensive network of distribution channels, purchasing power and buying power. services, as well as Estonian Malt’s knowledge and experience in malt flours and sprouted grains.

Estonian Malt is a rye malt producer based in Estonia.

In October 2019, Axereal, a France-based cooperative that grows and processes grains specifically for the brewing, baking and livestock industries, acquired Cargill’s malt business for an undisclosed amount. With this acquisition, Cargill’s Malt Division and its employees would have access to a global footprint and additional growth potential.

Cargill Inc. is an American producer and supplier of agricultural products, including malt ingredients.

The countries covered in the Malt Ingredients market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom and the United States.
Read the full report: https://www.reportlinker.com/p06325428/?utm_source=GNW

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