Overview of the global malt ingredients market

Market research analysts at Technavio predict that the global malt ingredients market will grow steadily at a CAGR of above 7% by 2021. This market research analysis identifies the rising demand for malt ingredients in the food sector as one of the primary growth factors for the global malt ingredients market. Malt ingredients offer good flavor, sweetness, and color and are a good source of easily digested carbohydrates, low sucrose content, vitamins, and enzymatically hydrolyzed proteins. As a result, they are widely used in cereals, pretzels, bagels, waffles, crackers, baked food, infant food, and imitation coffee. Additionally, malt is also added as nutritional supplements to infant and adult formulations.

EMEA accounted for the major shares of the malt ingredients market during 2016 and the region is projected to continue its market dominance during the forecast period as well. The growth in the tourism sector in the middle eastern countries such as Dubai and Egypt has resulted in the increased sales of alcohol in this region. Additionally, the rise in globalization, the improving economy, and the increased inflow of tourists, that will increase the demand for alcoholic beverages in the region will also drive the market’s growth prospects in EMEA.

Competitive landscape and key vendors

The malt ingredients market is highly fragmented due to the presence of numerous small and large vendors. The vendors in the market compete based on price, quality, product differentiation, distribution, and promotion. Intense competition and rapid technological changes pose as significant risk factors to vendor operations. According to the malt ingredient industry analysis report. to sustain and succeed in this competitive environment, it is imperative for vendors in the market to differentiate their product and service offerings through a clear and unique value proposition.

The leading vendors in the market are -

• Boortmalt
• Cargill
• GrainCorp
• Malteurop Group
• Sofflet Group

The other prominent vendors in the market are Agraria, Axereal, Bairds Malt, Barmalt, Briess Malt & Ingredients, Cofco Malt, Country Malt, Crisp Malting, Dalian Xingze, EDME, Global Malt, Ireks, Malt Products, Muntons, PureMalt, Rahr Malting, Simpsons Malt, Supertime, Viking Malt, and Yancheng Chunlei Malting.

Segmentation by application and analysis of the malt ingredients market

• Alcoholic beverage
• Non-alcoholic beverage
• Food sector
• Pharmaceutical sector and animal feed

During 2016, the alcoholic beverage malt ingredient market segment accounted for the major shares of the market. The increased consumption of alcohol around the world especially in the developing countries will be the major factor contributing to the growth of this market segment.

Segmentation by source and analysis of the malt ingredients market

• Barley malt
• Wheat malt
• Rye malt

Barley malt is used in alcoholic beverages, non-alcoholic beverages, malt vinegar, flavored drinks, confectionery, and few baked goods. It is often used as an ingredient in blended flour and in manufacturing yeast bread and other baked goods. Additionally, barley malt is also primarily used in beer brewing practices.

Key questions answered in the report include

• What will the malt ingredients market size and the growth rate be in 2021?
• What are the key factors driving the global malt ingredients market?
• What are the key malt ingredients market trends impacting the growth of the global malt ingredients market?
• What are the challenges to market growth?
• Who are the key vendors in the global malt ingredients market?
• What are the market opportunities and threats faced by the vendors in the global malt ingredients market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global malt ingredients market?

Technavio also offers customization on reports based on specific client requirement.