A
new report from Transparency Market Research, titled ‘Malt
Ingredients Market
- Global Industry Analysis, Size, Share, Growth, Trends and Forecast
2015 - 2023,’ states that the global malt ingredients market is
expected to expand rapidly during the period from 2015 to 2023 due to
the increasing application of malt ingredients in the food and
beverages and pharmaceuticals industries.
Malt
ingredients are materials used for the purpose of brewing alcoholic
beverages such as beer and whiskey. Malt ingredients are used for
producing malt shakes, malt vinegar, and numerous flavored beverages
such as Milo, Ovaltine, and Horlicks. Furthermore, malt ingredients
are utilized in various baked products such as bagels and malt loaf.
Malted barley, an essential ingredient in blended flours, is used for
making yeast bread and some other baked products.
The
global malt ingredients market is segmented on the basis of
application, geography, raw material, and type. Based on type, the
global malt ingredients market is classified into base malt and
specialty malt.
The
growing demand from the food and beverages industry is expected to
have a positive impact on the global malt ingredients market in the
next few years. Further, the rising preference for packaged and
convenience food products is expected to drive the global malt
ingredients market in the coming few years. People have become more
health-conscious in recent years and are thus showing more interest
in organic food. With the increasing health-consciousness, consumers
are avoiding foods with chemicals and artificial elements. By raw
material, the global malt ingredients market is divided into wheat
malt, acidulated/Sauer malt, aromatic malt, biscuit malt, and others.
Enquiry
before Buying @
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=5132
Malt
ingredients find their application in alcoholic beverages,
pharmaceuticals, and food and non-alcoholic beverages. The increasing
applications of malt ingredients in alcoholic and non-alcoholic
beverages are predicted to propel the global malt ingredients market
in the years to come. The beer industry, one of the major
applications of malt ingredients, is expected to contribute massively
towards the growth of the global malt ingredients market. Going
forward, the growing popularity of craft beer and local beer is
expected to fuel the demand for domestic malt. Due to the increasing
production of several varieties of beer, foreign makers are sourcing
numerous malt ingredients from the beer industry.
By
geography, the global malt ingredients market is divided into Asia
Pacific, Europe, North America, and Rest of the World. In 2014, the
global malt ingredients market was led by North America, followed by
Europe. Western Europe and Central Europe are expected to be
promising markets in the global malt ingredients market in the years
to come.
The
entry of new companies is expected to make the global malt
ingredients market highly competitive. High capital investment is the
major challenge predicted to be faced by the new entrants during the
initial stage of development. The malt ingredients market demands a
large amount of investment for establishing a malt house and
processing plant, and for purchasing the machinery. The increasing
demand for wine might hamper the growth of the global malt
ingredients market in the years to come.
Contact
Mr.
Sudip S
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
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