Malt Extracts and Ingredients Market Size, Share, Industry Trends, Growth Opportunities and Market Forecast 2023 - 2030

Global Malt Extracts and Ingredients Market is segmented By Product (Extracts, Ingredients), By Source (Soy, Wheat, Rye), By Grade (Standard malt, Specialty malt), By Application (Beverage, Specialty malt), By Form (Dry, Liquid), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023 - 2030

Malt Extracts and Ingredients Market Size

Global Malt Extracts and Ingredients Market reached USD 924.5 million in 2022 and is expected to reach USD 1.3 billion by 2030 growing with a CAGR of 4.4% during the forecast period 2023-2030. One trend in the malt extracts and ingredients market is the increasing adoption of malt-based ingredients in the health and wellness sector.

For instance, malt extracts are being utilized in the production of nutritional supplements, providing a natural and nutrient-rich source.

The malt extracts and ingredients market is a thriving industry catering to the brewing, baking, and food sectors. Derived from grains like barley and wheat, malt extracts offer flavor-enhancing properties and are widely used in beer production. Growing consumer demand for natural and healthy ingredients, along with the trend towards craft brewing, has fueled the market's expansion, making it a significant segment in the food and beverage industry.

Malt extracts and ingredients market is the expansion of the bakery and confectionery industry. For example, malt extracts are gaining popularity as natural flavoring and coloring agents in various baked goods and confectionery products. The use of malted barley flour and malt extract powder in bread, cookies, and snacks enhances their taste profiles, appealing to health-conscious consumers seeking wholesome ingredients.

Malt Extracts and Ingredients Market Scope

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Malt Extracts and Ingredients Market Dynamics

Growing Demand for Natural and Healthy Ingredients Fuels Malt Extracts and Ingredients Market Expansion

The malt extracts and ingredients market is experiencing a surge in demand due to the rising preference among consumers for natural and healthy ingredients in food and beverages. As awareness about the health benefits of malt-based products increases, there is a growing inclination towards products that use malt extracts and ingredients as a natural alternative to artificial additives and sweeteners. 

Malt extracts, such as barley and wheat malt extract, are sought after for their flavor-enhancing properties, while Malted Barley Flour is gaining popularity in baking applications. The malt extracts and ingredients market size is witnessing substantial growth as food and beverage manufacturers respond to consumers' demands for cleaner labels and nutritious products, driving innovation and diversification in the industry.

Brewing and Craft Beverage Boom Drives Malt Extracts and Ingredients Market Expansion

The malt extracts and ingredients market trend is witnessing significant growth propelled by its extensive applications in the brewing and craft beverage sectors. Barley and wheat malt extracts find widespread utilization in beer brewing, contributing distinctive flavors, colors, and fermentable sugars, enabling brewers to craft a diverse range of unique beverages. 

Furthermore, malt extracts are gaining momentum in the production of craft sodas, flavored malt beverages, and non-alcoholic drinks, catering to the surging demand for innovative and artisanal beverage options. The market is experiencing expansion, driven by the surging popularity of craft beverages worldwide, as malt extracts and Ingredients play a pivotal role in creating premium and one-of-a-kind beverages, emphasizing the versatility and importance of these ingredients in the evolving beverage industry.

Fluctuating Raw Material Prices Pose Restraint to Malt Extracts and Ingredients Market Growth

One restraint of the malt extracts and ingredients market is the potential impact of fluctuating raw material prices. As malt extracts and ingredients are derived from grains like barley and wheat, any volatility in the agricultural commodity market can lead to cost fluctuations, affecting the overall production costs for manufacturers. This, in turn, can influence the final product prices, potentially limiting consumer demand in price-sensitive markets. 

Moreover, the malt extracts and ingredients market size and share could be impacted if manufacturers struggle to maintain competitive pricing amidst volatile raw material costs. Companies may need to implement effective supply chain management strategies and explore alternative sourcing options to mitigate these challenges and ensure stable market growth.

Malt Extracts and Ingredients Market Segment Analysis

The global malt extracts and ingredients market is segmented based on product, source, grade, application, form, and by region.

Extracts Segment Dominates the Malt Extracts and Ingredients Market with Diverse Product Offerings

The global malt extracts and ingredients market has been segmented by product into extracts and ingredients.

The extracts segment holds a 60% market share of the malt extracts and ingredients market by comprising various products like barley malt extract, wheat malt extract, and malted barley flour. Due to its ability to enhance flavor and color, barley malt extract is frequently utilized in the brewing and food sectors. Similar to that, wheat malt extract is made from wheat grains and used to make foods and drinks with wheat as an ingredient. 

Malted barley flour is a finely ground variety of grain that is used in cooking and baking. The extracts segment dominates the malt extracts and ingredients market with its diverse product offerings and widespread applications in brewing, baking, and the food industry. The malt extracts and ingredients market size in this segment is substantial, driven by the growing demand for natural and flavorful ingredients in various consumer products.

Malt Extracts and Ingredients Market Geographical Share

Europe Dominates Malt Extracts and Ingredients Market with Rising Demand for Specialty Malt Products in Brewing and Baking

The Europe region's malt extracts and ingredients market is a thriving and significant segment in the global industry. Key products include malt syrup, malt powder, and malt extract powder, catering to diverse applications such as brewing and baking. The malt extracts and ingredients market size in Europe is substantial, driven by the region's rich brewing tradition and growing demand for specialty malt products. 

The brewing industry extensively utilizes malt extracts in various beer formulations, while malt extracts in baking find application in bakery goods and confectionery products. As consumers seek natural and flavor-enhancing ingredients, malt extracts and ingredients have gained popularity. Europe holds a significant market share in this industry, with countries like Germany, the United Kingdom, and Belgium being major contributors to its growth, fostering innovation and enhancing product diversity.

Malt Extracts and Ingredients Market Companies

The major global players in the market include Muntons PLC, Viking Malt, Laihian Mallas, Rahr corporations, Graincorp Limited, Malteurop Group, Maltexco, Malt products, Holland Malt, and Boortmalt.

COVID-19 Impact Analysis

Global Recession/Ukraine-Russia War/COVID-19, and Artificial Intelligence Impact Analysis:

Covid-19 Impact:

The COVID-19 pandemic had a significant impact on the Malt Extracts and Ingredients market. The closure of bars, restaurants, and breweries during lockdowns led to a decline in demand for alcoholic beverages, affecting malt sales. Supply chain disruptions and labor shortages also hindered production and distribution. 

However, there was a surge in home baking and cooking, leading to increased demand for malt-based food products. Despite challenges, companies focused on online sales and product diversification to adapt to changing consumer preferences. As the pandemic subsided and the economy recovered, the market gradually rebounded, with a renewed interest in craft brewing and specialty malt products driving growth.

By Product

• Extracts
• Ingredients

By Source

• Soy
• Wheat
• Rye

By Grade

• Standard malt
• Specialty malt

By Application

• Beverage
• Food
• Pharmaceuticals

By Form

• Dry 
• Liquid

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • The U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• On November 18, 2020, Viking Malt Group, the number one malting group in Northern Europe, announced to build a new 85 000 tons malting house at a new site in Lahti, Finland. The company said it will spend about EUR 90 million (USD 107m) which makes the project one of the biggest investments in the country’s food and beverage industry in the past decade.
• On May 24, 2021, Muntons, one of the country’s leading suppliers of brewing and distilling malts and malted ingredients, officially launched its new Premium Alcohol-Free Malt Extract. The alcohol-free liquid extract is now available to commercial brewers both in the UK and abroad.

Why Purchase the Report?

• To visualize the global malt extracts and ingredients market segmentation based on product, source, grade, application, form, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development. 
• Excel data sheet with numerous data points of malt extracts and ingredients market-level with all segments.
• The PDF report consists of a cogently put-together market analysis after exhaustive qualitative interviews and an in-depth market study.
• Product mapping is available as Excel consists of key products of all the major market players.

The global malt extracts and ingredients market report would provide approximately 77 tables, 74 figures, and 190 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies