Malt Ingredient Market To 2024 Record Stellar CAGR During Forecast Period

Transparency Market Research has recently published a new research report that gives intricate details about the workings of the global malt ingredient for bakery market. According to the research report, the malt ingredient for bakery market is projected to exhibit a stellar CAGR of 7.3% over the course of the given forecast period of 2016 to 2024. With such high rate of growth, the global market is expected to reach an overall valuation worth US$7.3 bn by the end of the forecast period.

The research report states the cookie segment is expected to dominate the global malt ingredient for bakery market in terms of its applications. Whereas, in terms of types of product, the global market is projected to be dominated by the dry malt segment. In terms of overall revenue generation, the global malt ingredient for bakery market is expected to be dominated by the malt flour segment.

Product Innovation is at Helm of Key Strategies for Big Companies

The malt ingredient for bakery market is estimated to gain solid momentum during the given forecast period on account of the growing consumption of bakery products across the globe. The market is on course to experience a huge influx of both large as well as small players. The vendor landscape of the market is thus expected to be more fragmented in the coming years due to the emergence of new players.

The companies in the global malt ingredient for bakery market are expected to adopt aggressive marketing strategies to remain competitive and ahead of their rivals. Established players in the market are now concentrating more on the development of innovative and attractive products to maintain their brand identity and loyalty. Mergers and acquisitions are also becoming increasingly common among the market players.

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The top three companies in the global malt ingredient for bakery market are Group Soufflet, VIVESCIA Industries, and Cargill Incorporated. Apart from these, some other prominent names in the global market include RAGLETH LTD, Axereal Group, Simpsons Malt Limited, Polttimo Oy, and GrainCorp Malt Group among others.

Changing Food Habits is Pushing Market Development

With a substantial rise in the disposable income and evolving lifestyle, people are trying to follow every small trend that pops up ranging from fashion to food. The growing trend of celebrating any big event by cutting a cake is still very popular. However, with changing times, the need for confectionaries and bakery have also increased. This has thus proved to be a key driving factor for the growth of the global malt ingredient for bakery market. In addition to this, the market growth is also boosted by the increasing preference of people for organic and natural food products.

In addition to this, the increasing popularity of ready to eat food products that are made from malt ingredients is also helping to drive the growth of the global malt ingredient for bakery market. These ready to eat food products include bread, pizzas, and others. The time required to prepare these food products is significantly less. This has added to their popularity and has ultimately helped in driving the global malt ingredient for bakery market.

In recent years, people have grown more aware of the kind of food they consume. They have become more health-conscious and are consuming food products with low carbs and sugar level. This has thus helped in driving the overall development of the global malt ingredient in bakery market. The market is expected to be driven by the growing preference for bakery products with low or no sugar content.

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MALT INGREDIENT MARKET TO REACH VALUATION WORTH US$7.3 BN BY 2024 WITH A SOLID CAGR OF 7.3%

Transparency Market Research has recently published a new research report that gives intricate details about the workings of the global malt ingredient for bakery market. According to the research report, the malt ingredient for bakery market is projected to exhibit a stellar CAGR of 7.3% over the course of the given forecast period of 2016 to 2024. With such high rate of growth, the global market is expected to reach an overall valuation worth US$7.3 bn by the end of the forecast period.

The research report states the cookie segment is expected to dominate the global malt ingredient for bakery market in terms of its applications. Whereas, in terms of types of product, the global market is projected to be dominated by the dry malt segment. In terms of overall revenue generation, the global malt ingredient for bakery market is expected to be dominated by the malt flour segment.

Product Innovation is at Helm of Key Strategies for Big Companies

The malt ingredient for bakery market is estimated to gain solid momentum during the given forecast period on account of the growing consumption of bakery products across the globe. The market is on course to experience a huge influx of both large as well as small players. The vendor landscape of the market is thus expected to be more fragmented in the coming years due to the emergence of new players.

The companies in the global malt ingredient for bakery market are expected to adopt aggressive marketing strategies to remain competitive and ahead of their rivals. Established players in the market are now concentrating more on the development of innovative and attractive products to maintain their brand identity and loyalty. Mergers and acquisitions are also becoming increasingly common among the market players.

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The top three companies in the global malt ingredient for bakery market are Group Soufflet, VIVESCIA Industries, and Cargill Incorporated. Apart from these, some other prominent names in the global market include RAGLETH LTD, Axereal Group, Simpsons Malt Limited, Polttimo Oy, and GrainCorp Malt Group among others.

Changing Food Habits is Pushing Market Development

With a substantial rise in the disposable income and evolving lifestyle, people are trying to follow every small trend that pops up ranging from fashion to food. The growing trend of celebrating any big event by cutting a cake is still very popular. However, with changing times, the need for confectionaries and bakery have also increased. This has thus proved to be a key driving factor for the growth of the global malt ingredient for bakery market. In addition to this, the market growth is also boosted by the increasing preference of people for organic and natural food products.

In addition to this, the increasing popularity of ready to eat food products that are made from malt ingredients is also helping to drive the growth of the global malt ingredient for bakery market. These ready to eat food products include bread, pizzas, and others. The time required to prepare these food products is significantly less. This has added to their popularity and has ultimately helped in driving the global malt ingredient for bakery market.

In recent years, people have grown more aware of the kind of food they consume. They have become more health-conscious and are consuming food products with low carbs and sugar level. This has thus helped in driving the overall development of the global malt ingredient in bakery market. The market is expected to be driven by the growing preference for bakery products with low or no sugar content.

Malt Ingredient Market: Innovations and Advancements to Encourage Growth

The global malt ingredient for bakery market has been rising on account of advancements in the confectionery business. Several forms of malt are available in the market, and each of them are useful for the manufacture of different products. Hence, the demand within the global market for malt ingredient for bakery has been rising at a stellar pace in recent times. The food industry has been making strides of advancement over the past decade, and several sub-industries have gained from this rate of growth. The bakery industry has especially become an immensely popular industry across multiple regional pockets. New bakery products are being introduced at a rapid pace, and this factor is a key consideration for market growth. Hence, there is little contention about a starry rate of growth within the global malt ingredient for bakery market. 

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Cakes are in great demand across the globe for events, celebrations, and parties. It has become a common practice to distribute cakes at birthday parties and other events. This trend shall play a key role in the growth of the global market for malt ingredient in the years to come. There is also a high possibility of new confectioneries being added to the shelves of bakeries which has in turn propelled market demand. 

Transparency Market Research (TMR) predicts that the global malt ingredients for bakery market would expand at a stellar CAGR of 4.7% over the period between 2016 and 2024. The cumulative revenues of the global malt ingredient for bakery market are projected to reach a valuation of US$7.3 bn by 2024.

Doughnuts and Pizzas to Attract Commendable Demand 

The demand within the global malt ingredient for bakery has been rising on account of increased need for bread and biscuit across confectioneries. Based on end-product, the demand for malt ingredients for processing pizzas has been escalating to new heights in the years to come. Moreover, the malt ingredients are also extensively use for producing doughnuts and pastries. Furthermore, the need for biscuits is so omnipresent that all units including houses and hotels store cookies in huge amounts. Based on the type of product, the malt ingredient for bakery market is segmented into malt flour, dry malt, and liquid malt. The popularity of dry malt has been increasing on account of advancements in the field of bread manufacturing. The market for malt ingredient for bakery has is projected to expand alongside advancements in the global confectionery industry. 

North America to Emerge as Leading Regional Segment 

The malt ingredient market for bakery in North America has been expanding at a stellar pace over the past decade. This majorly owes to the presence of bakeries and confectioneries in the US and Canada. Furthermore, the popularity of cookies and pizzas in the US has also played a major role in propelling demand within the global malt ingredient market. The malt ingredient market for bakery in Europe has been expanding on account of the growing popularity of cookies and doughnuts. The new avenues that have emerged in the malt ingredient market including standard specialty products are also a key standpoint for growth. 

Some of the key vendors in the global market for malt ingredient market are Malt Products Corporation, VIVESCIA Industries, Malteries Soufflet SAS, and Simpsons Malt Limited.

Malt Ingredient Market: Growing Trend for Natural & Organic Food Products to Drive Growth

The global malt ingredient market is expected to grow rapidly in the coming years with massive increase in global consumption of bakery products all over the world. The market could witness a massive influx of both small and large players. The competitive landscape of the market is thus, seen to be fragmented because of the presence of a number of players. Large vendors are focusing on developing new strategies in order to attract more revenue into the market.

The top three players of the global malt ingredient market are Cargill Incorporated, VIVESCIA Industries, and Group Soufflet. Apart from them, other prominent players of the market are GrainCorp Malt Group, Polttimo Oy, Simpsons Malt Limited, Axereal Group, and RAGLETH LTD. Players are focusing on creating innovative products with new and unique ingredients in order to reach to the top and give tough competition to others. 

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According to the TMR reports, the global malt ingredient market is assumed to be valued at US$7.3 bn by the end of 2024. The market is prognosticated to exhibit a healthy CAGR of 7.3% within the forecast period of 2016 to 2024. As per the segmentation by application, the segment anticipated to dominate the overall market is the cookie segment. Based on classification by product type, the malt ingredient market is anticipated to be dominated by the dry malt segment, with respect to revenue, while malt flour segment will lead the segment with respect to volume. 

With the rise in disposable income and change in lifestyle of people, the world is making more efforts to try and follow every trend that comes in the market whether it be fashion and accessories or food and beverage culture. The trend of celebrating major life events by cutting cake is still continuing presently but with time and trend the need for bakery and confectionaries have also increased. One of the major factors to boost the malt ingredient market is the growing trend for natural and organic food products. This is owing to the rise in awareness for nutritional food and healthy eating habits. 

Another factor to boost the malt ingredient market is the ready to eat feature of food products made from malt ingredients like pizza, bread, and others. It takes less time and effort to get ready-to-eat food at our doorsteps, thus, creating lucrative opportunities of growth in the near future. 

Increase in the number of bariatric population has also created more demand for healthy food habits and especially food with low sugar and carbohydrate levels. This, in turn has boosted the overall growth of the malt ingredient market at large. Thus, the market is anticipated to be fueled with the increasing preference for low or no sugar food and bakery items. 

Strict Food Regulations and Healthy Food Habits to Hamper Future Market 

The global malt ingredient market may have to face restraints due to the stringent laws from food societies all around the world in relation to using food additives. Apart from that, these societies and health organizations are also making high preference for clean labelled products when it comes to food ingredients. Besides, the shortage of malt grains is also adding to the disadvantage of the global market in the years to come. People are switching from unhealthy food products to healthy and nutritional ones, thus creating barriers for the growth of the overall market for malt ingredients in the future years.

Malt Ingredient Market Exhibit a healthy CAGR of 7.3% during 2016-2024

The global malt ingredient market is expected to grow rapidly in the coming years with massive increase in global consumption of bakery products all over the world. The market could witness a massive influx of both small and large players. The competitive landscape of the market is thus, seen to be fragmented because of the presence of a number of players. Large vendors are focusing on developing new strategies in order to attract more revenue into the market.

The top three players of the global malt ingredient market are Cargill Incorporated, VIVESCIA Industries, and Group Soufflet. Apart from them, other prominent players of the market are GrainCorp Malt Group, Polttimo Oy, Simpsons Malt Limited, Axereal Group, and RAGLETH LTD. Players are focusing on creating innovative products with new and unique ingredients in order to reach to the top and give tough competition to others.

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According to the TMR reports, the global malt ingredient market is assumed to be valued at US$7.3 bn by the end of 2024. The market is prognosticated to exhibit a healthy CAGR of 7.3% within the forecast period of 2016 to 2024. As per the segmentation by application, the segment anticipated to dominate the overall market is the cookie segment. Based on classification by product type, the malt ingredient market is anticipated to be dominated by the dry malt segment, with respect to revenue, while malt flour segment will lead the segment with respect to volume. 

Changing Lifestyle and Food Habits to Boost Market 

With the rise in disposable income and change in lifestyle of people, the world is making more efforts to try and follow every trend that comes in the market whether it be fashion and accessories or food and beverage culture. The trend of celebrating major life events by cutting cake is still continuing presently but with time and trend the need for bakery and confectionaries have also increased. One of the major factors to boost the malt ingredient market is the growing trend for natural and organic food products. This is owing to the rise in awareness for nutritional food and healthy eating habits. 

Another factor to boost the malt ingredient market is the ready to eat feature of food products made from malt ingredients like pizza, bread, and others. It takes less time and effort to get ready-to-eat food at our doorsteps, thus, creating lucrative opportunities of growth in the near future. 

Increase in the number of bariatric population has also created more demand for healthy food habits and especially food with low sugar and carbohydrate levels. This, in turn has boosted the overall growth of the malt ingredient market at large. Thus, the market is anticipated to be fueled with the increasing preference for low or no sugar food and bakery items. 

Strict Food Regulations and Healthy Food Habits to Hamper Future Market 

The global malt ingredient market may have to face restraints due to the stringent laws from food societies all around the world in relation to using food additives. Apart from that, these societies and health organizations are also making high preference for clean labelled products when it comes to food ingredients. Besides, the shortage of malt grains is also adding to the disadvantage of the global market in the years to come. People are switching from unhealthy food products to healthy and nutritional ones, thus creating barriers for the growth of the overall market for malt ingredients in the future years.

Malt Ingredient Market: Changing Lifestyle and Food Habits to Boost Market

The report covers forecast and analysis for the global malt ingredient market for bakery on the global as well as regional levels. The study provides actual data of 2015 along with forecast for 2017 to 2024 based on volumes (metric tons) and revenue (US$ Mn). The study includes drivers, restraints, opportunities, and trends for the global malt ingredient market for bakery with their impact on demand during the forecast period. Market dynamics in the report are justified with the help of quantitative and qualitative data, which are verified by primary and secondary sources. The report includes segmentation, targeting & positioning (STP) analysis and value proposition analysis to enable clients to differentiate their strategy. 

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In order to provide users of this report with comprehensive view of the market, TMR have included detailed competitiveness analysis and profiles of company players with unique selling propositions. The competition dashboard provides detailed comparison of malt ingredient manufacturers on parameters such as strategic focus, unique selling proposition, and market share. The study also provides market attractiveness analysis by application, product type, by source, by grade and by region. 

Inflation is not part of pricing in this report. Prices of malt ingredient vary in each region. Hence, similar volume-to-value ratio does not follow for each individual region. Prices of malt ingredient across major regions have been taken into account while estimating and forecasting market revenue on the global basis. We have used bottom-up approach to arrive at the global market, considering individual product segments and integrating them to deduce global numbers. 

For this research report, we conducted in-depth interviews and discussions with key industry experts and opinion leaders. We reviewed key players’ product literature, press releases, white papers, annual reports, and relevant documents for competitive analysis and market understanding. Secondary sources include technical documents, statistical data from government websites, trade associations, and agencies. This has proven to be an effective, reliable, successful approach to deduce precise market data and recognize business opportunities. 

Key players in global malt ingredient market for bakery in the report include Simpsons Malt Limited, Malteries Soufflet SAS, Briess Malt & Ingredients Co., Malt Products Corporation, Polttimo Oy, Muntons plc, VIVESCIA Industries, Dohler GmbH, IREKS GmbH, GrainCorp Malt Group, RAGLETH LTD., Cargill, Incorporated and Axereal Group.

Malt Ingredient Market Expected to Reach US$7.3 bn by 2024

The global demand for malt ingredients used in the bakery sector has witnessed a massive rise in the past few years, thanks mostly to the massive surge in the global consumption of bakery products, especially the ones promising a high nutritious or ‘healthy’ quotient. With new products steadily being brought into the market, companies focusing increasingly on new target audience such as gluten-intolerant or vegan, and expansion of the gourmet bakery sector to emerging markets, the global malt ingredient for bakery market has further expanded. 

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Other factors to have worked in favour of the market so far include the rising disposable incomes of people across developing economies, the increased expenditure on value-added food products, and the increased availability of organic and natural products and ingredients. In the next few years as well, the market is expected to perform at a promising pace. The report estimates that the global bakery industry will exhibit a promising 6.6% CAGR over the period between 2016 and 2024, rising to a revenue opportunity of US$7.3 bn by 2024. Over the same period, the demand for malt ingredients is expected to expand at a moderate 4.7% CAGR. 

In the report, the global market for malt ingredients for the bakery sector has been segmented based on the key sources of malt into wheat, barley, and other varieties. Of these, the segment of barley accounted for the dominant share of over 56.6% in 2015 and is likely to continue to account for the dominant share over the forecast period as well. The segment of wheat is also likely to expand at a favourable pace owing to the high production and usage of wheat in a number of regional markets.

In terms of the key products produces, the report segments the market into dry malt, liquid malt, and malt flour. Of these, the segment of malt flour is likely to account for the dominant share in the overall market, followed by the segment of dry malt. The dry malt segment is likely to emerge as the one with the most promising growth opportunities, exhibiting an impressive 5.2% CAGR over the forecast period in terms of volume. Based on application, the market has been segmented in the report into biscuits, bread, brownie, cakes and pastries, pizza, doughnut, and cookies. Of these, the segment of cookies is likely to account for the dominant share in the market in terms of volume owing to their high shelf life and popularity. The segment of cakes and pastries is likely to remain the most promising segment, exhibiting a CAGR Of 5.4% over the report’s forecast period.

Some of the leading companies in the global malt ingredient for bakery market are Briess Malt & Ingredients Co., Malt Products Corporation, Malteries Soufflet SAS, VIVESCIA Industries, Simpsons Malt Limited, GrainCorp Malt Group, Muntons PLC., RAGLETH LTD., Polttimo Oy, Cargill, Inc., Dohler GmbH, IREKS GmbH, and Axereal Group.

Malt Ingredient Market – Overview of Vital Industry Drivers

The global demand for malt ingredients used in the bakery sector has witnessed a massive rise in the past few years, thanks mostly to the massive surge in the global consumption of bakery products, especially the ones promising a high nutritious or ‘healthy’ quotient. With new products steadily being brought into the market, companies focusing increasingly on new target audience such as gluten-intolerant or vegan, and expansion of the gourmet bakery sector to emerging markets, the global malt ingredient for bakery market has further expanded.

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Other factors to have worked in favour of the market so far include the rising disposable incomes of people across developing economies, the increased expenditure on value-added food products, and the increased availability of organic and natural products and ingredients. In the next few years as well, the market is expected to perform at a promising pace. The report estimates that the global bakery industry will exhibit a promising 6.6% CAGR over the period between 2016 and 2024, rising to a revenue opportunity of US$7.3 bn by 2024. Over the same period, the demand for malt ingredients is expected to expand at a moderate 4.7% CAGR.

In the report, the global market for malt ingredients for the bakery sector has been segmented based on the key sources of malt into wheat, barley, and other varieties. Of these, the segment of barley accounted for the dominant share of over 56.6% in 2015 and is likely to continue to account for the dominant share over the forecast period as well. The segment of wheat is also likely to expand at a favourable pace owing to the high production and usage of wheat in a number of regional markets.

In terms of the key products produces, the report segments the market into dry malt, liquid malt, and malt flour. Of these, the segment of malt flour is likely to account for the dominant share in the overall market, followed by the segment of dry malt. The dry malt segment is likely to emerge as the one with the most promising growth opportunities, exhibiting an impressive 5.2% CAGR over the forecast period in terms of volume. Based on application, the market has been segmented in the report into biscuits, bread, brownie, cakes and pastries, pizza, doughnut, and cookies. Of these, the segment of cookies is likely to account for the dominant share in the market in terms of volume owing to their high shelf life and popularity. The segment of cakes and pastries is likely to remain the most promising segment, exhibiting a CAGR Of 5.4% over the report’s forecast period.

Some of the leading companies in the global malt ingredient for bakery market are Briess Malt & Ingredients Co., Malt Products Corporation, Malteries Soufflet SAS, VIVESCIA Industries, Simpsons Malt Limited, GrainCorp Malt Group, Muntons PLC., RAGLETH LTD., Polttimo Oy, Cargill, Inc., Dohler GmbH, IREKS GmbH, and Axereal Group.

Malt Ingredient Market: North America and Europe to Remain Strong Regional Markets

The global demand for malt ingredients used in the bakery sector has witnessed a massive rise in the past few years, thanks mostly to the massive surge in the global consumption of bakery products, especially the ones promising a high nutritious or ‘healthy’ quotient. With new products steadily being brought into the market, companies focusing increasingly on new target audience such as gluten-intolerant or vegan, and expansion of the gourmet bakery sector to emerging markets, the global malt ingredient for bakery market has further expanded.

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Other factors to have worked in favour of the market so far include the rising disposable incomes of people across developing economies, the increased expenditure on value-added food products, and the increased availability of organic and natural products and ingredients. In the next few years as well, the market is expected to perform at a promising pace. The report estimates that the global bakery industry will exhibit a promising 6.6% CAGR over the period between 2016 and 2024, rising to a revenue opportunity of US$7.3 bn by 2024. Over the same period, the demand for malt ingredients is expected to expand at a moderate 4.7% CAGR.

In the report, the global market for malt ingredients for the bakery sector has been segmented based on the key sources of malt into wheat, barley, and other varieties. Of these, the segment of barley accounted for the dominant share of over 56.6% in 2015 and is likely to continue to account for the dominant share over the forecast period as well. The segment of wheat is also likely to expand at a favourable pace owing to the high production and usage of wheat in a number of regional markets.

In terms of the key products produces, the report segments the market into dry malt, liquid malt, and malt flour. Of these, the segment of malt flour is likely to account for the dominant share in the overall market, followed by the segment of dry malt. The dry malt segment is likely to emerge as the one with the most promising growth opportunities, exhibiting an impressive 5.2% CAGR over the forecast period in terms of volume. Based on application, the market has been segmented in the report into biscuits, bread, brownie, cakes and pastries, pizza, doughnut, and cookies. Of these, the segment of cookies is likely to account for the dominant share in the market in terms of volume owing to their high shelf life and popularity. The segment of cakes and pastries is likely to remain the most promising segment, exhibiting a CAGR Of 5.4% over the report’s forecast period.

Some of the leading companies in the global malt ingredient for bakery market are Briess Malt & Ingredients Co., Malt Products Corporation, Malteries Soufflet SAS, VIVESCIA Industries, Simpsons Malt Limited, GrainCorp Malt Group, Muntons PLC., RAGLETH LTD., Polttimo Oy, Cargill, Inc., Dohler GmbH, IREKS GmbH, and Axereal Group.

Malt Ingredient Market Anticipated to Rise up to US$7.3 bn by 2024

According to a recent research report by Transparency Market Research (TMR), players in the global malt ingredient for bakery market sector are concentrating extensively on developing high-quality malt ingredient products as well as striving to develop products which are free from gluten and also high on nutritional value. The report further adds that manufacturers within this market are changing their business method by realizing the importance of high-quality production rather than high volume production. Group Soufflet, VIVESCIA Industries, and Cargill, Incorporated, which were the top three players within the global malt ingredient market for bakery accounted for a 30% of the total market in 2015.

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According to TMR, by 2024, the sales of malt ingredients for the bakery market is anticipated to rise up to US$7.3 bn. On the basis of key application area, the cookies segment is anticipated to lead in the market and also be that segment which will witness the highest growth rate in the period from 2016 to 2024, expanding at 7.3% CAGR. On the basis of source, the barley segment is anticipated not only to lead but also to be the fastest growing segment. By geography, it is anticipated that North America will continue to lead in the years to come in the malt ingredient market for bakery. In terms of product type, it is anticipated that the dry malt segment will lead in terms of revenue, while in terms of volume consumption, it is anticipated that the leading segment will be malt flour.

As per the lead author of this report, “one of the biggest factors behind the high demand for malt ingredients in the market is the increasing preference for organic and natural foods on account of the raising awareness about the health benefits of foods and ingredients that are organic or natural. Malt barley extract is being used in place of sugar in bakery products on account of their health and nutritional value. With an increasing number of people suffering from obesity and diabetes as well as several lifestyle associated issues, there has been a rise in the health consciousness among consumers across the globe and a growth in the preference for food items with low sugar content or even sugar free content. This in turn is anticipated to bode well for the global malt ingredient market for bakery.

Another important factor which is impacting the malt ingredient market for Bakery in a positive manner is the emergence of strict regulations from concerned bodies regarding the usage of food additives, which in turn is a driving food manufacturers to pay attention and focus on producing clean label products. This is resulting in a switch from unhealthy ingredients to healthier ones and is driving the growth prospects of the malt ingredients market. On the other hand however, one of the key factors hampering the growth of this market is the shortage of malt grains. The growing use of malt ingredients in pharmaceutical and breweries sector is resulting in a shortage of malt ingredients for the bakery industry.

Malt Ingredient Market: Rising Demand for Organic & Natural Ingredients Behind Growth of Market

According to a recent research report by Transparency Market Research (TMR), players in the global malt ingredient for bakery market sector are concentrating extensively on developing high-quality malt ingredient products as well as striving to develop products which are free from gluten and also high on nutritional value. The report further adds that manufacturers within this market are changing their business method by realizing the importance of high-quality production rather than high volume production. Group Soufflet, VIVESCIA Industries, and Cargill, Incorporated, which were the top three players within the global malt ingredient market for bakery accounted for a 30% of the total market in 2015.

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According to TMR, by 2024, the sales of malt ingredients for the bakery market is anticipated to rise up to US$7.3 bn. On the basis of key application area, the cookies segment is anticipated to lead in the market and also be that segment which will witness the highest growth rate in the period from 2016 to 2024, expanding at 7.3% CAGR. On the basis of source, the barley segment is anticipated not only to lead but also to be the fastest growing segment. By geography, it is anticipated that North America will continue to lead in the years to come in the malt ingredient market for bakery. In terms of product type, it is anticipated that the dry malt segment will lead in terms of revenue, while in terms of volume consumption, it is anticipated that the leading segment will be malt flour.

As per the lead author of this report, “one of the biggest factors behind the high demand for malt ingredients in the market is the increasing preference for organic and natural foods on account of the raising awareness about the health benefits of foods and ingredients that are organic or natural. Malt barley extract is being used in place of sugar in bakery products on account of their health and nutritional value. With an increasing number of people suffering from obesity and diabetes as well as several lifestyle associated issues, there has been a rise in the health consciousness among consumers across the globe and a growth in the preference for food items with low sugar content or even sugar free content. This in turn is anticipated to bode well for the global malt ingredient market for bakery.

Another important factor which is impacting the malt ingredient market for Bakery in a positive manner is the emergence of strict regulations from concerned bodies regarding the usage of food additives, which in turn is a driving food manufacturers to pay attention and focus on producing clean label products. This is resulting in a switch from unhealthy ingredients to healthier ones and is driving the growth prospects of the malt ingredients market. On the other hand however, one of the key factors hampering the growth of this market is the shortage of malt grains. The growing use of malt ingredients in pharmaceutical and breweries sector is resulting in a shortage of malt ingredients for the bakery industry.

Malt Ingredient Market for Bakery to Reach US$7.3 bn by 2024 due to Rising Demand for Low and Sugarless Bakery Items

According to a recent research report by Transparency Market Research (TMR), players in the global malt ingredient for bakery market sector are concentrating extensively on developing high-quality malt ingredient products as well as striving to develop products which are free from gluten and also high on nutritional value. The report further adds that manufacturers within this market are changing their business method by realizing the importance of high-quality production rather than high volume production. Group Soufflet, VIVESCIA Industries, and Cargill, Incorporated, which were the top three players within the global malt ingredient market for bakery accounted for a 30% of the total market in 2015.

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According to TMR, by 2024, the sales of malt ingredients for the bakery market is anticipated to rise up to US$7.3 bn. On the basis of key application area, the cookies segment is anticipated to lead in the market and also be that segment which will witness the highest growth rate in the period from 2016 to 2024, expanding at 7.3% CAGR. On the basis of source, the barley segment is anticipated not only to lead but also to be the fastest growing segment. By geography, it is anticipated that North America will continue to lead in the years to come in the malt ingredient market for bakery. In terms of product type, it is anticipated that the dry malt segment will lead in terms of revenue, while in terms of volume consumption, it is anticipated that the leading segment will be malt flour.

Rising Demand for Organic and Natural Ingredients Behind Growth of Market

As per the lead author of this report, “one of the biggest factors behind the high demand for malt ingredients in the market is the increasing preference for organic and natural foods on account of the raising awareness about the health benefits of foods and ingredients that are organic or natural. Malt barley extract is being used in place of sugar in bakery products on account of their health and nutritional value. With an increasing number of people suffering from obesity and diabetes as well as several lifestyle associated issues, there has been a rise in the health consciousness among consumers across the globe and a growth in the preference for food items with low sugar content or even sugar free content. This in turn is anticipated to bode well for the global malt ingredient market for bakery.

Strict Regulations Regarding Use of Additives to Bode Well for Market

Another important factor which is impacting the malt ingredient market for Bakery in a positive manner is the emergence of strict regulations from concerned bodies regarding the usage of food additives, which in turn is a driving food manufacturers to pay attention and focus on producing clean label products. This is resulting in a switch from unhealthy ingredients to healthier ones and is driving the growth prospects of the malt ingredients market. On the other hand however, one of the key factors hampering the growth of this market is the shortage of malt grains. The growing use of malt ingredients in pharmaceutical and breweries sector is resulting in a shortage of malt ingredients for the bakery industry.

Malt Ingredient Market: The Biggest Trends to Watch out for 2016-2024

The top three players in the global malt ingredient market for bakery, namely Group Soufflet, VIVESCIA Industries, and Cargill, Incorporated, accounted for a share of just under 30% in 2015, finds Transparency Market Research (TMR) in a new report. TMR states that emerging players play a major role in the development of this market, with a strong presence in North America, Europe, China, India, and Australia. “Manufacturers today are focused on developing high quality malt ingredient products and offer gluten-free products with high nutritional value,” the author of the report states. “The growing demand for value-added products has prompted manufacturers to shift focus from high volume production to high quality production instead,” says a TMR analyst.

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The global sales of malt ingredients for the bakery industry amounted to US$4.2 bn in 2015 and are expected to reach US$7.3 bn by the end of 2024. The sales revenue is expected to rise at a 6.6% CAGR over the course of the forecast period. The demand for malt ingredients, on the other hand, is projected to rise at a modest 4.7% CAGR.

Application-wise, Cookies Segment to Cross Billion-dollar Mark by 2024

Among the key applications, the cookies segment led the overall malt ingredient market for bakery and is estimated to cross the billion-dollar mark by the end of 2016 in terms of value. Exhibiting a 7.3% CAGR from 2016 to 2024, it is also projected to be the most rapidly expanding application segment during the forecast period. By source, the barley segment is anticipated to retain its dominance through 2024 in terms of both value and volume. It will also expand at a CAGR higher than any other source segment.

Geographically, North America is expected to present the highest value share as well as CAGR over the forecast period. This regional segment will register a 7.1% CAGR from 2016 to 2024. By revenue, dry malt is the leading product type in the malt ingredient market for bakery, while malt flour is the leading segment by volume consumption.

Efforts by Manufacturers to Produce Clean Label Products a Major Growth Driver

The growing shift in preference for natural and organic foods and the surge in awareness about the health benefits of such food products and ingredients have fueled the demand for malt ingredients in recent years, TMR finds. Malted barley extracts, for instance, replace sugar needed in bakery products. “Health conscious consumers prefer sugar-free or low-sugar variants of bakery items and this factor is anticipated to spur the demand for malt ingredients in the bakery industry in the near future as well,” the author of the study states.

Apart from this, strict government regulations pertaining to the use of food additives has compelled food manufacturers to focus on the production of clean label products by using less additives than before, with several manufacturers opting to remove them entirely from their product line. This switch to healthier ingredients for the production of various bakery items has spurred the demand for malt ingredients.

On the flip side, the shortage of grains, especially in recent years, has hampered the global market for malt ingredients in the bakery industry. “In addition to poor harvest in several malt grain producing regions around the world, the shortage of malt grains also results from the growing usage of malt ingredients in breweries and pharmaceutical industries,” the lead analyst points out.

Malt Ingredient Market: Cookies to Continue Leading Demand for Market

Global Malt Ingredient Market for Bakery: Snapshot

Over the recent past, the global malt ingredient market for bakery has been experiencing a sturdier rate of growth. This factor is primarily attributed to the increasing rates of bakery goods consumption, especially the ones that claim health benefits. The unbroken chain of new products being introduced, including gluten-free malt for the bakery industry, has further driven the global malt ingredient market. Other top drivers of the market include the increasing volume of disposable income among consumers, the increased per capita expenditure on value-added products, and the rising penetration of natural and organic ingredients and products. The global malt ingredient market for bakery is, however, currently being restrained by factors including the growing use of malt in distilleries and breweries.

Based on market value, the global malt ingredient market for bakery is expected to expand at a CAGR of 6.6% within the forecast period from 2016 to 2024. It is likely to reach US$7.3 bn by the end of 2024. The demand for malt ingredients, on the other hand, is projected to rise at a modest 4.7% CAGR for the same forecast period.

APAC Malt Demand to Skyrocket

The global malt ingredient market for bakery is segmented on the basis of geography into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The North America malt ingredient market for bakery is expected to be the leading contributor to the global market in terms of value as well as volume, followed by Europe. These markets are expected to register high growth rates between 2016 and 2024.

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The malt ingredient market for bakery in Asia Pacific is expected to gain substantial growth over the course of the forecast period owing to an expected high demand for healthy products from India, Japan, and China. The growth can also be attributed to the high spending capacity of buyers in the region.

Cookies to Continue Leading Demand for Malt Ingredients

The main sources of malt to be used in the bakery industry are barley, wheat, and others. The barley segment led the mail ingredient for bakery market with a revenue share of 56.6% in 2015 and is projected to maintain its dominance through 2024. The wheat segment is expected to exhibit favorable growth over the forecast period.

By product type, the malt flour segment is estimated to contribute significantly in terms of volume to the global malt ingredient market for bakery, followed by dry malt. The dry malt product segment is expected to register a high growth rate in the overall market through 2024, registering a 5.2% CAGR based on volume.

Among the key applications, cookies are estimated to form the leading segment by volume, followed by the biscuits segment. The cakes and pastries segment, on the other hand, is expected to be report the leading growth rate of 5.4% from 2016 to 2024.

On the basis of grade, the malt ingredient market for bakery is led by the standard segment, which is estimated to be valued at US$5.1 bn by 2024. Specialty ingredients are forecast to witness substantial growth in the near future.

Key players in the global malt ingredient market for bakery include Malteries Soufflet SAS, Simpsons Malt Limited, Malt Products Corporation, Briess Malt & Ingredients Co., Muntons PLC., Polttimo Oy, Dohler GmbH, VIVESCIA Industries, GrainCorp Malt Group, IREKS GmbH, Cargill, Inc., RAGLETH LTD., and Axereal Group.

Malt Ingredient Market Driven by Growing shift in Preference for Natural & Organic Foods

Malt Ingredient Market for Bakery: Snapshot

The global malt ingredient market for bakery has been witnessing steady growth over the recent past, attributed mainly to the rising consumption of bakery products with health benefits. The continuous introduction of new products such as gluten-free malt, especially in the bakery industry, has further driven the market. Other key factors contributing to the global malt ingredient for bakery market include the growing affluence of consumers, the increased per capita spending on value-added products, and the rising penetration of products with natural ingredients. However, factors such as the wide usage of malt in breweries and distilleries worldwide is expected to restrain the global market during the forecast period.

In terms of value, the global malt ingredient market for bakery is anticipated to expand at a CAGR of 6.6% during the forecast period to amount to US$7.3 bn by 2024. The demand for malt ingredients, on the other hand, is projected to rise at a modest 4.7% CAGR.

Cookies and Biscuits to Contribute Significantly to Global Malt Ingredient Market for Bakery

The main sources of malt to be used in the bakery industry are barley, wheat, and others. The barley segment led the mail ingredient for bakery market with a revenue share of 56.6% in 2015 and is projected to maintain its dominance through 2024. The wheat segment is expected to exhibit favorable growth over the forecast period.

By product type, the malt flour segment is estimated to contribute significantly in terms of volume to the global malt ingredient market for bakery, followed by dry malt. The dry malt product segment is expected to register a high growth rate in the overall market through 2024, registering a 5.2% CAGR in terms of volume.

Among the key applications, cookies are estimated to form the leading segment by volume, followed by the biscuits segment. The cakes and pastries segment, on the other hand, is expected to be report the leading growth rate of 5.4% from 2016 to 2024.

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On the basis of grade, the malt ingredient market for bakery is led by the standard segment, which is estimated to be valued at US$5.1 bn by 2024. Specialty ingredients are forecast to witness substantial growth in the near future.

High Growth in Store for Asia Pacific over Forecast Period

The global malt ingredient market for bakery is segmented on the basis of geography into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The North America malt ingredient market for bakery is expected to be the leading contributor to the global market in terms of value as well as volume, followed by Europe. These markets are expected to register high growth rates between 2016 and 2024, TMR states.

The malt ingredient market for bakery in Asia Pacific is expected to gain substantial growth over the course of the forecast period owing to an expected high demand for healthy products from India, Japan, and China. The growth can also be attributed to the high spending capacity of buyers in the region.

Key players in the global malt ingredient market for bakery include Simpsons Malt Limited, Malteries Soufflet SAS, Briess Malt & Ingredients Co., Malt Products Corporation, Polttimo Oy, Muntons plc, VIVESCIA Industries, Dohler GmbH, IREKS GmbH, GrainCorp Malt Group, RAGLETH LTD., Cargill, Incorporated, and Axereal Group.

Global Malt Ingredient Market: Demand for Healthier Food Items Spikes Consumption, Observes TMR

VIVESCIA Industries, Group Soufflet, and Cargill, Incorporated collectively held a share of about 30% in the global malt ingredient market in 2015. Players in the market are expected to focus on developing good quality malt ingredient and other gluten-free products. The growing awareness about eating healthy is expected to be the undercurrent of the growth of the global market in the near future.

The research report states that the global malt ingredient market for bakery is likely to reach a valuation of US$7.3bn by the end of 2024 from US$4.2 bn in 2015. The steady progress of CAGR 6.6% will be due to changing lifestyle of consumers.

Cookies Segment to Lead Global Market due to High Penetration and Sales

The demand for malt ingredient in making bakery products is expected to rise in the coming years as the food habits are being characterized by natural and organic items. The awareness about health benefits of consuming malt over the sweeteners has also augmented the demand for this product in recent years. Furthermore, the fact that malt is rich in enzymes and vitamins, which translates into higher nutritional value of baked products, is also expected to favor the market growth. Additionally, increasing consumption of confectionary and bakery items has also spiked the demand for malt ingredients. The various types of malt ingredients available in the global market are liquid market, dry malt, malt flour, and others.

These products are predominantly being used for the production of cookies, which is closely followed by biscuits. “The convenience of consuming these items, relatively high nutritional value, and availability of a wide range of flavors is expected to keep the cookies and the biscuits segment in the lead,” states the lead author of this research report. The other applications of malt ingredient are seen in bread, brownie, cakes and pastries, doughnuts, and pizza production. Analysts expect that the cookies segment will expand at a CAGR of 7.3% CAGR between 2016 and 2024 due its penetration and high sales.

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North America Malt Ingredient Market for Bakery to Expand at CAGR of 7.1% 2016-2024

Geographically, the global malt ingredient market for bakery is segmented into North America, Europe, Latin America, and the Middle East and Africa. Of these, North America is anticipated to lead the pack as it promises to surge at a CAGR of 7.1% between 2016 and 2024. Analysts anticipate Asia Pacific to also show steady progress as the emerging economies in the region are poised to encourage the baking and confectionary industry. Additionally, demand for malt ingredient in Asia Pacific will be supported by countries such as China, Japan, and India with the improving purchasing power of consumers.

Inroads of Breweries and Pharmaceutical Companies on Malt Harvest to Impede Growth

Despite the steady market drivers, the global malt ingredient market for bakery is being hampered by the shortage of grains. The impact of protean weather conditions has exacerbated the harvest of malt grains, which has significantly restrained the market over the past few years. Furthermore, inroads of pharmaceutical companies and breweries into overall malt produce has also led to grain shortage to a noticeable extent. However, stringent regulations set by the governments about food additives has encouraged food labels to focus on packaging cleaner and healthier items. This factor is expected to offer several lucrative opportunities to the overall market.

The aforementioned analysis of the market is based on Transparency Market Research’s report, titled “Malt Ingredient Market for Bakery (Product Type - Dry Malt, Liquid Malt, Malt Flour; Grade – Standard, Specialty; Source - Barley, Wheat; Application - Bread, Biscuits, Brownie, Cookies, Cakes & Pastries, Doughnuts, Pizza) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”

Global Malt Ingredient Market for Bakery, By Product Type

• Dry Malt
• Liquid Malt
• Malt Flour
• Others

Global Malt Ingredient Market for Bakery, By Source

• Barley
• Wheat
• Others

Global Malt Ingredient Market for Bakery, By Application

• Bread
• Biscuits
• Brownie
• Cookies
• Cakes & Pastries
• Doughnuts
• Pizza
• Others

Global Malt Ingredient Market for Bakery, By Grade

• Standard
• Specialty