Global Malt Ingredients Market 2017-2021

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