Malt is a product which is prepared from cereal grains through a process called malting. This process involves partial germination of the grains to modify the grains' natural food substances. Barley is commonly used to prepare malt, while rice, wheat, corn, and rye are also used in preparing malt. Malting grains develop the enzymes such as ?-amylase and ?-amylase, which are required for modifying the grains' starches into various types of sugar, including monosaccharide glucose, disaccharide maltose, trisaccharide maltotriose, and higher sugars called maltodextrine. Manufacturers are offering both the dry and liquid malt extract for the end-use industries. Due to the wider application of malt in various end-use industries, including food processing, beverages & brewing, pharmaceuticals, animal feeds, and others, the market for malt is growing.
MARKET DYNAMICS
The malt market has witnessed a significant growth owing to factors such as wider application of malt in food processing, beverage making, brewing, pharmaceuticals, and in animal feed. Malt is mainly used for the preparation of whiskey and beer. Its wide usage in alcohols beverages and food products makes it an important product in the food and beverage industry. Also, a rise in the disposable income of consumers and changes in taste & preferences are further driving the demand for the malt market. Moreover, the easy availability of different forms of malt in the market adds inputs to the growth of the malt market. However, Growing popularity of wine and other beverages is a challenge to the growth of this market, as this would reduce the consumption of beer. On the contrary, steady growth in the agriculture and food processing industry will provide the opportunity for the market players to invest in the malt market.
MARKET SCOPE
The "Global Malt Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the malt market with detailed market segmentation by source, form, application, and geography. The global malt market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading malt market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global malt market is segmented on the basis of source, form, and application. On the basis of source, the malt market is segmented into barley, wheat, rye, and others. Based on form, the malt market is bifurcated into dry extract and liquid extract. The malt market on the basis of the application is classified into food, beverages, pharmaceuticals, animal feeds, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global malt market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The malt market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the malt market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the malt market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global malt market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from malt market are anticipated to lucrative growth opportunities in the future with the rising demand for malt in the global market. Below mentioned is the list of few companies engaged in the malt market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the malt market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Archer Daniels Midland Company
- Axéréal
- Briess Malt and Ingredients
- Cargill, Incorporated
- COFCO
- Crisp Malting Group
- GrainCorp Limited
- Muntons Malt plc
- Simpsons Malt
- VIVESCIA Industries