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Malt ingredients market | Coherent Market Insights

Read here the latest updates on the u201cMalt ingredients marketu201d published by CMI team.

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Malt ingredients market | Coherent Market Insights

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  1. Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ Covid-19 Impact Tracker Coherent Market Insights

  2. Malt Ingredient Market, By Product Type (Dry Malt, Liquid Malt, Malt Flour, Others), By Source (Barley, Wheat, Others), By Application (Bread, Biscuits, Brownie, Cookies, Cakes & Pastries, Doughnuts, Pizza, Others), By Grade (Standard, Specialty), and By Region (North America, Latin America, Asia Pacific (APAC), Europe Middle East & Africa (MEA)) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027 MALT INGREDIENT MARKET ANALYSIS

  3. The global malt ingredient market is projected to reach around US$ 8467.6 million by the end of 2027, in terms of revenue, growing at CAGR of 4.7% during the forecast period (2019-2027).

  4. Growing demand for functional food among consumers is expected to foster the market growth of malt ingredients. According to the report published by the Institute of Food Technologists in April 2018, sales of natural and organic foods reached US$ 253 billion in 2017; functional/fortified foods totaled US$ 247 billion. Hence, the rising demand for functional food is expected to accelerate the market growth of malt ingredients. Drivers

  5. Increasing production of grains such as wheat and barley is expected to a major role in the overall growth of the malt ingredient market. According to the U.S. Department of Agriculture (USDA), the U.S. producers harvested 1.95 million acres of barley in 2017 with an average yield of 72.6 bushels/acre. Total production in 2017 was 141.9 million bushels. Therefore, the rising production of barley is expected to fuel market growth. On the basis of the region, North America dominated the global malt ingredient market in 2018, accounting for 38% share in terms of value, followed by Europe and Asia Pacific.

  6. Figure 1. Global Malt Ingredient Market, Revenue Share (%), By Region, 2018

  7. Non-availability of substitutes with the same characteristics as malts can lead to a shortage of malt ingredients is expected to hinder the market growth. However, the shortage meets by using other types of grains such as rice, this alternate does not contain the same nutritional as well as other qualities as that of barley and wheat. Hence, this is expected to restrict market growth over the forecast period. Market Restraints

  8. Increasing usage of malt in breweries is leading to a shortage of malt ingredients is expected to restrict market growth. Malt is a very crucial raw material used in the manufacturing of gluten-free beer. According to the Coherent Market Insights analysis, around 75%–78% of total barley malt produced globally is utilized by brewing industries, and hence a moderate volume remains for other applications such as bakery, pharmaceuticals, food, and distillery applications.

  9. Expanding food and beverage industry especially in the Asia Pacific region is expected to provide potential growth opportunities for the malt ingredient. India Brand Equity Foundation, the Indian food processing industry accounts for 32 percent of the country’s total food market, one of the largest industries in India and is ranked fifth in terms of production, consumption, and export. In 2017 India’s exports stood at US$ 1.3 billion. Hence, the growing food processing industry is expected to accelerate market growth. Market Opportunities

  10. Growing production of beer is expected to propel the market growth of malt ingredients. Barley malt is mainly used as a flavor in the production of beer. According to the National Beer Wholesalers Association, in 2018, the U.S. beer industry shipped (sold) 202.2 million barrels of beer – equivalent to more than 2.8 billion cases of 24-12 ounce servings. In addition, the industry shipped approximately 2.3 million barrels of cider, equivalent to more than 32.2 million cases.

  11. Figure 2. Global Malt Ingredient Market– Opportunity Analysis

  12. Rising consumption of non-alcoholic malt drink is expected to foster the market growth of malt ingredients. For instance, in August 2019, Coca-Cola has launched its global brand Barbican in India, a high-volume non-alcoholic malt drinks market. A non-alcoholic malt-drink is a high energy beverage, brewed in the same fashion as beer or ale. Hence, the rising demand for energy drinks is accelerating market growth. Market Trends

  13. Growing consumption of sugar-free bakery is expected to accelerate the market growth of malt ingredients over the forecast period. For instance, in November 2018, Ulrick & Short launches a gluten-free sugar replacer for bakery goods. Avanté 9 is the latest in Ulrick & Short's sugar reduction range and promises to reduce more than 20% of sugar in gluten-free bakery formulations while maintaining the volume, texture and crumb structure.

  14. Figure 3. Global Malt Ingredient Market, Revenue Share (%), By Application, in 2018

  15. Key players operating in global malt ingredient market includes Axereal Group, Cargill, Incorporated, RAGLETH LTD., GrainCorp Malt Group, IREKS GmbH, Dohler GmbH, VIVESCIA Industries, Muntons plc, PolttimoOy, Malt Products Corporation, Briess Malt & Ingredients Co., MalteriesSoufflet SAS, and Simpsons Malt Limited Competitive Section:

  16. Axereal Group Key Developments: In 2015, Axereal acquired all shares held by Ameropa in Agri-Négoce and its subsidiaries, which is expected to strengthen the company’s position in the grain business in France Few Recent Developments

  17. RAGLETH LTD. Key Developments: In 2016, Anglia Maltings (Holdings) Ltd. acquired Tivoli Malz GmbH (Tivoli) and its subsidiary GlobalMalt Group, which is expected to expand the company’s presence globally In 2015, EDME Ltd. established a mill in the U.K. to produce gluten-free flour for application in various food products that are high in fiber content and nutrition

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  19. Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: Customized Market Research Services Industry Analysis Services Business Consulting Services Market Intelligence Services Long term Engagement Model Country Specific Analysis About Us:

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