Malt
ingredients are primarily those materials which are used for brewing
alcoholic beverages such as whisky and beer. Furthermore, malt
ingredients are also used for producing malt vinegar, malt shakes and
flavored beverages such as Milo, Horlicks and Ovaltine. Moreover,
malt ingredients are used in various baked products also such as malt
loaf, bagels. Malted barley is an essential ingredient in blended
flours primarily used for producing yeast breads alongside other
baked products. Malt ingredients market by type, has been segmented
into speciality malt and base malt. Furthermore, the market is
segmented by raw material into acidulated/sauer malt, wheat malt,
aromatic malt, wheat malt and biscuit malt among others. Moreover,
the malt ingredients also find application in alcoholic beverages,
food and non alcoholic beverages, pharmaceutical industry and pet
food and others.
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Full Report with TOC:
The
increasing popularity of food and beverages industry is creating a
positive impact on the demand for malt ingredients globally. Rising
preference for convenience and packaged food is driving the demand
for malt ingredients. With the rising health consciousness, consumers
are showing preference for food products with natural food
ingredients. Consumers are intentionally avoiding food products with
chemicals and synthetic elements. Rising health consciousness is one
of the prime reasons behind the growing popularity of malt
ingredients across various regions such as North America, Europe,
Asia Pacific and RoW.
Beer
industry is one of the major application areas for malt ingredients
globally. Malted barley is an essential source of starch and plays a
crucial role in the production process of beer. The usage of malt
ingredients are increasing with the growing popularity of alcoholic
beverages, followed by food industry. With the increasing production
of beer, foreign manufacturers are sourcing malt ingredients from the
industry. Furthermore, the growing popularity of local beer and craft
beer is fueling the demand for domestic malt.
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& Beverages
Markets:
Some
of the major challenges for the new entrants in this industry are
huge capital investment at initial stage. The industry demands a lump
sum amount of investment for establishing the processing plant, malt
house, purchasing machineries and equipments. Furthermore, increasing
popularity of wine is one of the threats for the beer industry, which
is one of the major application segments of malt ingredients. The
increasing consumer awareness towards the health benefits of
consuming wine than beer is also expected to affect the demand of
malt ingredients globally.
North
America dominated the market for malt ingredients market in 2014,
followed by Europe and Asia Pacific. The U.S. dominates the market
for malt ingredients market in North America. Central and Western
Europe are one of the promising markets for malt ingredients. Rising
demand for natural ingredients is expected to contribute in the
growing popularity of malt ingredients market in economies such as
China, Australia and South Korea across Asia Pacific. Botswana,
Zimbabwe of Africa is also expected to witness positive growth over
the forecast period, followed by Latin America across Rest of the
World.
Some
of the key players operating in the malt ingredients market are Crisp
Malting Group Ltd, Briess Malt & Ingredients Co., Malteurop
Group, Bairds Malt Ltd, Cargill Inc., Muntons Malt plc and Simpsons
Malt Ltd.
This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
North
America
Asia
Pacific
Europe
Middle
East and Africa
Latin
America
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