Malt Extracts And Ingredients Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the Malt Extracts and Ingredients market, covering market size, trends, segmentation, and performance by region from 2023 to 2033. It offers insights into growth projections and key market players and technologies shaping the industry.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $5.60 Billion |
| CAGR (2023-2033) | 7.2% |
| 2033 Market Size | $11.45 Billion |
| Top Companies | Muntons Plc, Cargill, Incorporated, Briess Malt & Ingredients Co. |
| Last Modified Date | 15 Nov 2024 |
Malt Extracts And Ingredients Market Report (2023 - 2033)
Malt Extracts And Ingredients Market Overview
What is the Market Size & CAGR of Malt Extracts And Ingredients market in 2023?
Malt Extracts And Ingredients Industry Analysis
Malt Extracts And Ingredients Market Segmentation and Scope
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Malt Extracts And Ingredients Market Analysis Report by Region
Europe Malt Extracts And Ingredients Market Report:
Europe, with a market value of $1.62 billion in 2023, is expected to reach $3.31 billion by 2033. The growing consumer preference for natural products and the popularity of artisanal food items are key growth drivers.Asia Pacific Malt Extracts And Ingredients Market Report:
In 2023, the Asia Pacific market is valued at $1.14 billion and is anticipated to reach $2.32 billion by 2033. Countries like China and India are witnessing heightened demand for malt ingredients in beverage production, spurring regional growth.North America Malt Extracts And Ingredients Market Report:
Valued at $1.93 billion in 2023, North America's market is projected to reach $3.95 billion by 2033. The presence of large brewing companies and an increasing trend towards organic malt products drive this region's growth.South America Malt Extracts And Ingredients Market Report:
The South American market is valued at $0.24 billion in 2023, expected to grow to $0.50 billion by 2033. The rising popularity of craft breweries and the incorporation of malt in traditional foods contribute to this growth.Middle East & Africa Malt Extracts And Ingredients Market Report:
The Middle East and Africa market is valued at $0.67 billion in 2023 and is anticipated to grow to $1.37 billion by 2033. The increasing focus on health and wellness is driving interest in malt-based ingredients in various sectors.Request a custom research report for industry.
Malt Extracts And Ingredients Market Analysis By Type
Global Malt Extracts and Ingredients Market, By Type Market Analysis (2023 - 2033)
The market is segmented into powdered, liquid, and granulated types. As of 2023, powdered malt extracts account for the largest market share at 64.09%, with a size of $3.59 billion, expected to increase to $7.34 billion by 2033. Liquid extracts follow with 26.64% market share, growing from $1.49 billion in 2023 to $3.05 billion by 2033, whereas granulated types constitute 9.27% and are projected to grow from $0.52 billion to $1.06 billion in the same period.
Malt Extracts And Ingredients Market Analysis By Application
Global Malt Extracts and Ingredients Market, By Application Market Analysis (2023 - 2033)
In terms of application, the food industry represents the largest segment with a size of $2.71 billion and a share of 48.35% in 2023. This segment is projected to grow significantly, reaching $5.53 billion by 2033. The beverage industry, with a market size of $1.18 billion (21.16% share), is also expected to see growth, reflecting increasing beverage innovation using malt ingredients.
Malt Extracts And Ingredients Market Analysis By Product
Global Malt Extracts and Ingredients Market, By Product Market Analysis (2023 - 2033)
Malt extracts, comprising dry and liquid types, dominate the market with a size of $4.49 billion, accounting for an 80.19% share in 2023. This segment is expected to expand to $9.18 billion by 2033, driven by enhanced product utilization in various food applications, while malt-based ingredients hold 19.81% share and are expected to grow from $1.11 billion to $2.27 billion.
Malt Extracts And Ingredients Market Analysis By End User
Global Malt Extracts and Ingredients Market, By End-User Market Analysis (2023 - 2033)
The brewing sector represents a significant end-user with a market size of $2.71 billion (48.35% share) in 2023, anticipated to reach $5.53 billion by 2033. Other end-users include the baking and confectionery sectors, witnessing projected growth from $1.18 billion to $2.42 billion over the same period.
Malt Extracts And Ingredients Market Analysis By Form
Global Malt Extracts and Ingredients Market, By Form Market Analysis (2023 - 2033)
Malt extracts are available in various forms, primarily liquid and powdered. Liquid extracts, making up 26.64% of the market, are preferred for beverage applications for their ease of use and excellent solubility. Powdered forms, accounting for 64.09% of the market, are favored for baking, contributing flavors and colors.
Malt Extracts And Ingredients Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Malt Extracts And Ingredients Industry
Muntons Plc:
A prominent player in the malt extract industry, Muntons specializes in providing high-quality malt extracts for food, beverage, and pharmaceutical applications, with a strong emphasis on sustainability.Cargill, Incorporated:
Cargill is a leading global provider of food ingredients including malt extracts, playing a significant role in driving product innovation and providing a diverse portfolio to customers.Briess Malt & Ingredients Co.:
Briess specializes in malt and malt-related ingredients, supplying to the brewing and distilling industry with an emphasis on quality craftsmanship and innovation.We're grateful to work with incredible clients.
