Global Malt Ingredient Market - Growth, Trends, and Forecast (2018 - 2023)
|発行||Mordor Intelligence LLP||商品コード||458510|
|出版日||ページ情報||英文 110 Pages
|麦芽成分の世界市場：成長率・動向・将来予測 Global Malt Ingredient Market - Growth, Trends, and Forecast (2018 - 2023)|
|出版日: 2018年05月05日||ページ情報: 英文 110 Pages||
Global malt ingredient market is expected to register a CAGR of 7.1 %, during the forecast period of 2018-2023. Malt has been traditionally used for beer making through fermentation, along with whisky, which is driving the demand of malt. Malt ingredients are used in the food industry as food additives, which impart desirable flavor and color to the finished product.
The malt ingredient market is driven by the increased consumption of alcoholic beer and alcoholic drinks across the globe. The market is highly consolidated with regional domestic, as well as, international players. The demand in developing regions is driven by the increase in disposable income. Malt ingredients are used in bakery and confectionery products as it imparts color and flavor to the finished products. The growth can also be attributed to the increase in the spending capacity of buyers in the region. The major opportunities are the increasing demand for all natural food products and the rising demand for ready-to-eat and packaged food.
Global malt ingredient market has been segmented by ingredient type, source type, application type, and commercial grade type and by geography. Malt produced from malting grains is available in various forms, such as malt, malt flour, dried malt extract, liquid malt extract, and kibbled malt, malt flakes, malt vinegar, malt syrup, and others. Malt and malt flour hold the largest share of the market due to their direct consumption for beer, whisky, and beverages manufacturing. Alcoholic beverage industries have a direct contract with the malt suppliers for two-row, four-row, and six-row malt grains or for malt flours, which create an unbeatable demand in the market. Barley holds the largest market share due to its preferable malt consumption in the beverage industry. It has unique enzyme property that makes it dominant over other grains.
North America and Europe dominate the market with their massive production of brewery and malt products. Europe malt export accounts for about 60% of the global malted barley. Moreover, the market is fully captured by various small domestic companies, marking a significant position in the market. Asia-Pacific is growing at a fast rate, driven by beer consumption in China. China and Australia have dominant positions in Asia-Pacific, which has created a huge demand for the import of malt ingredients.
November 2017- Boortmalt announced to expand its malting capacity in Athy, Co. Kildare, by 30,000t to continue providing its Irish brewing and distilling customers with a 100% Irish supply chain.
October 2015 - Puremalt announced to expand its presence after securing 4.5 million EURO from HSBC. The firm will now roast 6,000 tonnes of malt on site each year, providing a key ingredient in 1,400 branded product lines.
Major players - BAIRDS MALT LTD., CARGILL INC., CRISP MALTING GROUP LTD., HEINEKEN, IMPERIAL MALTS LIMITED, MALTERIES SOUFFLET, MALTEUROP GROUP, MUNTONS MALT PLC., PUREMALT, RAHR, SIMPSONS MALT LTD., among others.
Reasons to Purchase this Report
Analyzing outlook of the market with the recent trends and Porters five forces analysis
Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
Market segmentation analysis, including qualitative & quantitative research incorporating the impact of economic & non-economic aspects
Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
Malt Milk Food