Global Malt Extract Market - 2020-2027
発行: DataM Intelligence
ページ情報: 英文 180 Pages
世界の麦芽エキス市場は、アルコール飲料の消費量増加に伴って拡大傾向が続くと見られています。他方、新型コロナウイルス感染症 (COVID-19) による原材料市場の混乱や価格変動が市場成長の妨げとなる可能性もあります。製品種類別では乾燥状の製品のシェア拡大が見込まれており、地域別ではアジア太平洋諸国が大きなシェアを占めています。
Malts are germinated cereal grains which, after soaking in water, are dried and processed. This method is referred to as malting, where the grains produce the enzymes that are further needed to turn them into starch and other sugar forms. Also, these enzymes develop peptides that break down the proteins into forms that can be used in yeast formation, which is the reason for its high usage in beverages and confectioneries. All these factors are encouraging the growth of malt extraction and hence a huge market growth in the future is expected.
The global malt extracts market size was worth US$ XX billion in 2019 and is estimated to reach US$ XX billion by 2027, growing at a CAGR of XX % during the forecast period (2020-2027).
Booming beer industry is fueling the malt extracts market
Malt is mostly produced from Barley and it is used for the production of malted vinegar and alcoholic beverages such as beer and whiskey. Alcoholic beverages being one of the highly consumed products globally, makes malt extraction highly growing market.
The global consumption of alcohol on an average is 6.4 liters by an individual above the age of 15, with 70% growth in the consumption since 1980. Hence, the growth of malt extract can be anticipated to grow along with the growth in demand of alcoholic beverages.
Uncertainties in the raw material availability is hindering the market growth
Declining barley production is one of the key restraints affecting the production of malt extract, particularly in North America region. Barley production has been continuously declining in the U.S. and Canada. The spread of novel coronavirus also led to significant increase in price and decline in availability of wheat and barley for malt industry. These uncertainties resulted in lower growth of malt extracts market
By Product Type
Based on product type, the market is segmented into dry malt extraction and liquid malt extraction. Currently dry malt is the proliferating segment in the market, owing to it's huge range of applications. Dry malt is available in the form of flakes, powder, flour and malt flour being enriched with natural enzymes makes it the primary ingredient in bakery products. Also, another reason of its high usage in bakery products and alcoholic beverages is that it improves fermentation, air retention and yeast production. Malt flakes, which are also a form of dry malt, are a natural resource for fibre, and for products like bread and rolls, malted flakes add texture. As a result of these factors, during the forecast period, the dry segment is expected to account for a larger market share.
Asia-Pacific emerging as the biggest consumer and producer of alcoholic beverages and confectioneries
Asia-Pacific region accounts for the largest share of malt extracts market. High demand of alcoholic beverages and confectioneries in these regions can be the major reason for the huge market of malt extracts. According to a research by Bank of America Merrill Lynch. India is the largest consumer of alcoholic beverages, with an estimated consumption 6.5 billion litres in 2020 while China and Japan are in the leading alcohol consumers list too, with their consumption crossing billion litres every year. Along with alcohol, the high production of confectioneries is also one the reasons for the growth of malt extracts market. According to the National Confectioneries Association of North America, Asia is the largest producer and supplier of confectioneries with a growth of 7.5% in volume every year, while North America ranks third in the list with a growth falling to -1.7% in volume every year. Europe lies second in the list, maintaining its consistency like every year.
COVID-19 Impact Analysis
The outbreak of Covid-19 pandemic has affected the malt extracts market negatively. The outbreak leading to lockdown and disruptions in productions, led to malt grains being left untreated for months post-harvest. This resulted in huge losses for the farmers and the malt extracts industry. For instance, India, being one of the largest producers of malt grains like wheat, barley and corn, lost nearly 10% of overall food grains post-harvest and this included malt grains as well. Since India is one of the biggest suppliers of malt, the losses faced by farmers during lockdown have impacted the countries which partnered with India for supply of malt.
The global malt extracts market is highly competitive owing to the huge list of competing countries with key players like Groupe Soufflet (France), Muntons PLC (US), Viking Malt (Finland), Diastatische Producten (Netherlands), Laihian Mallas (Finland), Rahr corporations (US), Graincorp Limited (Australia), Malteurop Group (France), Maltexco (Chile), Malt products (US), Holland Malt (Netherlands), and Boortmalt (Belgium) which adopted the strategy of acquiring small farms and investment in multiple supply chain sectors.
Company Profile- Groupe Soufflet
The Soufflet Group is a family-owned French company and also the top private cereal collector in France which focuses on the collection and value addition of agricultural produce. It is also one of the major players in the wine and winery industry.
Product Portfolio: The company's portfolio comprised of supplies of wheat, barley, rice etc.
The global malt extracts market report would provide an access to an approx. 75 market data tables, 66 figures and 300 pages.
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