Malt Market is Projected to Expand at a Healthy CAGR during 2016-2024

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.

Malt Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019

Malt industry includes establishments that produce malt, primarily for the manufacture of alcoholic beverages, such as beer and whisky. They are also used to make confections such as malted shakes, malt vinegar, flavored drinks such as Ovaltine, Horlicks, and Milo, and some baked goods, such as bagels, malt loaf, and rich tea. Malted barley is an ingredient in blended flours specifically used in the manufacture of yeast breads and other baked goods.

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Malt is often divided into two categories by brewers such as base malts and specialty malts. These both are used to provide flavor, and color to the finished beer. Malt extract is frequently used in the brewing of beer. The malts are segmented by the raw materials they used such as acidulated/Sauer malt, aromatic malt, biscuit malt, cara munich, cara vienna, caramel wheat, chocolate malt, coffee malt, dextrin malt, flaked barley, flaked rye, flaked oats, honey malt, mild ale malt, pale 2-row malt, munich malt, smoked malt, special B malt, toasted malt, vienna malt. The key applications include breweries for beer production, distilleries for production of premium quality whisky, food industry for production of confectionary products and flavored drinks, and pet food, pharmaceuticals industry for production of tonics, health foods, and slim diets.

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Usage of the malts in beers is expected to account for a major chunk of the market followed by distilleries and food industry. Increased in global beer production is driving foreign breweries to source malt from industry. Also, the rising popularity of craft beer and the local beer is expected to further raise demand for domestic malt over the next five years. Craft beer accounts for about 18.0% of the global malt demand. Increased in organic malt in making breweries is boosting the growth of the market. The major challenge to entry for market entrant is huge initial capital investment in processing plant, equipment, a malting house and initial purchases. Growing wine popularity is also a threat to this industry. Widely accepted studies showing wine\'s health benefits are shifting consumer preferences from beer to wine thus lowering per capita beer consumption.

Traditionally, U.S. in North America has been the largest market for malts, sharing superiority in both production as well as consumption. Western Europe and Central Europe are also one of the key malts markets. Regions in Asia Pacific such as China, South Korea and Australia are showing relatively quicker growth and are expected to be the dominant markets over the coming years. Regions in Africa such as Zimbabwe and Botswana constitute of two of the most promising market potentials followed by Latin America.

Some of the major companies manufacturing malts in the market are Bairds Malt Ltd, Cargill Inc., Crisp Malting Group Ltd, Malteurop Group, Muntons Malt plc and Simpsons Malt Ltd.

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