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Increased beer consumption is likely to stimulate innovation in malt manufacturing, propelling the market during the forecast period.

The global malts market is expected to grow from $9.21 billion in 2022 to $10.14 billion in 2023 at a compound annual growth rate (CAGR) of 10.1%. The global malts market size is expected to reach $14.26 billion in 2027 at a CAGR of 8.9%.

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Global Malts Market Segments Include:

• By Type: Liquid Extract, Dry Extract, Malt Flour
• By Source: Barley, Wheat, Rye
• By Distribution Channel: Online, Offline
• By Application: Beer Industry, Whisky Distilleries, Food and Beverages, Pharmaceutical
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global malts market in 2021.

Major Market Players in the malts market include Crisp Malting Group Ltd., Muntons Malt Plc, Malteurop Group, Cargill Inc., GrainCorp Malt, Boortmalt, Heineken N.V., Rahr Corporation, Malt Products Corporation, Simpsons Malt Ltd.

Product innovations are a crucial trend that is gaining traction in the malts market. Major malts companies are concentrating on finding new innovative solutions to strengthen their market position. Muntons Malt Plc, a UK-based manufacturer of brewing and distilling malts and malted ingredients, for example, will introduce its premium alcohol-free malt extract in May 2021. It is a one-of-a-kind design that combines the heating and altering of wort sugars to recreate the normal qualities of beer. It is a good, versatile foundation upon which brewers can build to create an alcohol-free version of popular brewing techniques. It’s made with 100% sustainable malt acquired from farms.

The Malts Global Market Report 2023  provides a malts market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The malts market forecast analyzes malts market size, malts market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Malt is cereal grain that has been kiln-dried after being germinated in water and dried in a hot oven. It is employed in the brewing and distillation operations. Malting is the process of converting cereal grains, such as barley, into malt for use in food, beverages, or distillation.

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