Malt is a broad category of processed cereals that comes in a variety of market-specific varieties, including malt for brewers and beers (which includes both standard and specialty malts), malt for distilling, and malt for culinary uses. Wheat, rye, sorghum, and barley cereals work particularly well for this method. The latter is currently the grain that gets malted the most frequently. 90% of the 22 million tonnes of malt produced in 2015 came from barley. 108 million tonnes of the 144 million tonnes of barley produced worldwide in 2017 were used for malting. The global malt ingredient market was valued at $20.4 billion in 2021, and is projected to reach $29.4 billion by 2031, growing at a CAGR of 3.9% from 2022 to 2031.
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On the basis of region, North America had the dominating Malt Ingredient Market Size in the year 2021. U.S. was the most prominent Malt Ingredient Market in the region with the maximum Malt Ingredient Market Share and a notable CAGR of 4.1%. North America is a mature Malt Ingredient Market with high adoption of malt-based products. According to Beer Institute annual report The U.S. beer industry sells more than $119.3 billion in beer and malt-based beverages to U.S. consumers each year.
Leading Key Players Included:
The players operating in the global Malt Ingredient Market have adopted various developmental strategies to increase their market share, gain profitability, and remain competitive in the Malt Ingredient Market. The key players operating in the isolate whey protein market include – Axereal, Barmalt, Briess Malt & Ingredients, Cargill, Inc., CereX BV, Crisp Malting, GrainCorp Limited, Groupe Soufflet, Holland Malt, Imperial Malt Limited, Malteurop, Maltexco S.A., Maltproducts, Muntons plc, Puremalt, Rahr Corporation and Simpsons Malt Limited.
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