Kenneth Research, in its repository of market research reports, have recently added a report on Malt ingredient Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Malt ingredient Market products.
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By the end of 2050, the world’s population aged 60 years and above is anticipated to reach 2 billion, states the World Health Organization (WHO), in one of its statistics. Additionally, several manufacturers are increasingly showing interest for manufacturing healthy beverages, which is also anticipated to drive the growth of the market in the coming years.
Global Malt Ingredients Market was valued at USD 16.97 Billion for the year 2017. Malt Ingredient Market is further expected to grow at a CAGR of 6.21% from 2018 to reach USD 24.36 Billion by the year 2025. European region holds the major Market share whereas Asia Pacific region is considered as the fastest growing Market in the forecasted period. It is observed that the developing countries from an emerging Asia Pacific Market are anticipated to grow at a strongly in the next 5 years.
Major Players in Malt Ingredient Market are Cargill Inc., Axereal Group, Malteurop Group, Graincrop Limited., Crisp Malting Group, Global Malt Gmbh & Co. Kg, Soufflet Group, Simpsons Malt Ltd., Muntons Plc, Ireks Gmbh and other 10 more companies information is provided in research report. Better geographical reach at an operational level with the growing usage of innovative technology for ingredient processing is the assisting Market growth. Similarly, various growth strategies adopted by Tier 1 & 2 players such as merger and acquisition has provided comprehensive Market opportunities for a various stakeholder in the value chain.
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SWOT Analysis of Malt Ingredient Market
Strength
Growing usage of Malt ingredients in the food industry
Rising popularity of the Beer and its sub-product across the globe
Weakness
Maintaining quality of barley with an uninterrupted supply
Opportunities
Changing lifestyle in the emerging Market and increasing Per Capita Income
Growing inclination towards of organic & natural food by end users
Threats
Lack of Monitoring body for maintaining quality and authenticity of the product
Maintaining constant price for the Raw material
Malt is a key ingredient in the beer formulation. The alcoholic beverage beer holds the maximum Market share in 2017. It is observed that the malt ingredients are used extensively in food & beverages applications considering its popularity. Further, it offers the unique taste and color combination for the end product.
Malt Ingredient Market Overview By Type
Dry Malt
Liquid Malt
Malt Flour
Malt Ingredient Market Overview By Application
Alcoholic Beverages
Non-Alcoholic Beverages
Food
Pharmaceuticals
Malt Ingredient Market Overview By Source
Barley
Wheat
Rye
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Malt Ingredient Market Overview By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa
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