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The malt extracts and ingredients market has witnessed robust growth in recent years, driven by diverse applications and evolving consumer preferences. This blog delves into the market dynamics, growth drivers, and emerging trends shaping the industry.

Market Growth Overview

Recent Growth Trends

• Market Size (2023): $19.38 billion
• Projected Size (2024): $20.5 billion
• CAGR (2023-2024): 5.8%
• Key Drivers:
  • Traditional brewing use
  • Industrial and food applications
  • Shift in consumer preferences
  • Culinary and beverage trends
  • Quality and consistency improvements

Future Growth Prospects

• Projected Size (2028): $24.91 billion
• CAGR (2024-2028): 5.0%
• Key Drivers:
  • Market expansion and growth
  • Consumer health awareness
  • Product innovation and diversification
  • Shift in dietary preferences
  • Globalization and trade dynamics
• Major Trends:
  • Health and wellness trends
  • Diverse applications
  • Clean label products
  • Innovation in flavors and varieties
  • Sustainability and sourcing practices

Read The Full Malt Extracts And Ingredients Market Report Here:
https://www.thebusinessresearchcompany.com/report/malt-extracts-and-ingredients-global-market-report

Driving Force: Craft Beer Boom

Role of Craft Beer

• Impact: Driving demand for malt extracts and ingredients.
• Definition: Beer produced by small, independent breweries using traditional methods and high-quality ingredients.
• Market Influence: Craft beer retail sales surged by 5% in 2022, accounting for 24.6% of the total beer market in the US.
• Brewers’ Choice: Increasing adoption of malt extracts to enhance brewing efficiency.

Key Market Players

• Companies: Muntons PLC, Viking Malt AB, Diastatische Producten B.V., Laihian Mallas Oy, Rahr Corporation, Malteurop Group, Maltexco S.A., Malt Products Corp., Holland Malt B.V., Boortmalt N.V., Imperial Malts Ltd., Agraria Malte Ltd., Puremalt Products Ltd., Cerex B.V., EDME Ltd., United Malt Group Limited, GrainCorp Limited, Axéréal Group, Soufflet Group, Crisp Malting Group Limited, IREKS GmbH, Simpsons Malt Ltd., Cargill Incorporated, Briess Malt & Ingredients Co., Weyermann Malting Company, Thomas Fawcett & Sons Ltd., Mouterij Dingemans, Castle Malting SA, Bestmalz, Global Malt GmbH & Co. KG

Innovations Driving Market Growth

Product Innovations

• Trend: Focus on innovative and sustainable product offerings.
• Example:
  • International Molasses’ CaneRite Panela
    • Features: Natural, unrefined powder sweetener.
    • Benefits: High nutritional value with vitamins and minerals.
    • Market Impact: Catering to health-conscious consumers.

Strategic Acquisitions

• Strategic Move: InVivo Group’s acquisition of Soufflet Group.
• Purpose: Strengthening agricultural and food solutions.
• Impact: Enhancing market position and capabilities in malt extracts and ingredients.

Market Segmentation

By Product

• Extracts
• Ingredients

By Source

• Barley, Wheat, Rye and Rice, Oats, Sorghum, Millets, Corn

By Form

• Dry
• Liquid

By Product Type

• Diastatic
• Non-Diastatic
• Brewery-Grade

By Application

• Beverages
• Food
• Pharmaceuticals
• Other Applications

Regional Insights

• Leading Region (2023): Europe
• Fastest-Growing Region (Forecast): Asia-Pacific

The malt extracts and ingredients market is set for continuous growth driven by innovations, expanding applications across various sectors, and a growing focus on sustainability. As consumer preferences and industry dynamics evolve, stakeholders can capitalize on emerging opportunities to foster further advancements and market expansion globally.

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The Malt Extracts And Ingredients Global Market Report 2024  provides an overview of the malt extracts and ingredients market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The malt extracts and ingredients market forecast analyzes malt extracts and ingredients market size, malt extracts and ingredients market share, leading competitor and their market positions.

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