Global
Malt Market: Overview
Malt
is what remains when a cereal grain is dried, allowed to sprout, air
dried again, and then subjected to heat. Several types of cereal
grains can be used to make malt, including rice, wheat, oats and rye,
but the most common one is barley as it the primary ingredient for
the production of beers and malted whiskeys. In the recent times,
malt made from rice, wheat, and corn is being used by several other
industries. For example, Malt is also used to make confections such
as malt vinegar, malted shakes, and flavored drinks such as Milo and
Horlicks, as well as some baked goods such as rich tea and bagels.
Malted barley is an ingredient in blended flours to manufacture yeast
breads. Consequently, the global malt market is projected to expand
at a healthy CAGR during the forecast period of 2016 to 2024.
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This
report presents a comprehensive analysis of malt market in its
current scenario, evaluating and estimating the opportunities
available for the global and regional players. This market can be
segmented on the basis of application, type, brewers, source, and
geography. By type, the malt market can be segmented into liquid
extract, dry extract, and malt flour. By application, the market can
be classified into beer industry, whiskey distilleries,
pharmaceutical industry, and food & beverages industry. By
brewers, the market can be divided into base Malt, standard malt, and
specialty malt. By source, it can be divided into barley, rye, and
wheat. Geographically, the report studies the lucrativeness of the
regional markets of North America, Europe, Asia Pacific, and rest of
the world. One of the key feature of this report is its section on
company profiles wherein several prominent names in the industry have
been analyzed for their market share, product portfolio, pricing and
margins, and recent strategic developments.
Global
Malt Market: Trends and Opportunities
The
surge currently experienced by the beer industry is the primary
factor that is augmenting the demand for malt. Beer is now considered
casual drink across the world, and less harmful in comparison to
other alcoholic drinks. The extended use of malt in the food and
beverage industry, wherein it is used for variety of products, is
further increasing the demand in the global malt market.
Additionally, the use of organic malt in making breweries is also
expected to favor the growth rate during the forecast period.
Conversely, factors such as growing popularity of wine and presence
of local players who offer low cost products, are expected to hinder
the growth rate of the global
malt market over the course of next few years.
Global
Malt Market: Region-wise Outlook
Currently,
North America makes for the most lucrative market for malt, owing to
high consumption rate of beer and whiskey and the presence of
disposable income. North America also rates high in the production of
malt, leading over the European region, which makes for second widest
market for malt. The report also expects the region of Asia Pacific
escalate the demand during the forecast period at a strong CAGR,
especially backed by the countries of China, India, South Korea, and
Australia.
Companies
mentioned in the research report
Cargill
Inc., Bairds Malt Ltd, Crisp Malting Group Ltd, Muntons Malt plc,
Malteurop Group, Simpsons Malt Ltd., Heineken, and Muntons Malt plc
are some of the prominent players in a highly competitive landscape
exhibited by the global malt market.
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