Malt Extract Market Size, Share, Growth, and Industry Analysis, By Type (Standard, Specialty), By Application (Animal Feed, Pharmaceuticals, Bakery, Confectionary, Beverages), Regional Insights, and Forecast To 2032

MALT EXTRACT MARKET REPORT OVERVIEW

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global malt extract market size expanded rapidly in 2022 and the market is projected to grow substantially by 2032, exhibiting a prodigious CAGR during the forecast period.

Due to its flavor and capacity to serve as sugar or honey in an array of recipes, barley malt extract, a pale-dark colored natural sweetener made from malted barley, is utilized in a range of products. Malted barley is initially crushed and then filtered to produce a liquid. The liquid is then subjected to evaporation, producing barley malt extract, a syrupy liquid with a light to dark hue.

In the upcoming years, the demand for malt extract is anticipated to increase due to the rising popularity of natural sweeteners. Additionally, manufacturers' aggressive expansion plans and growing consumer awareness of healthy eating practices are anticipated to have a beneficial impact on the market for malt extract worldwide.

COVID-19 Impact: Production Interruptions to Diminish Market Share 

The global COVID-19 pandemic has been unprecedented and staggering, with the malt extract market experiencing higher-than-anticipated/lower-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is expected to generate substantial revenue by 2031, a robust CAGR during the forecast period.

The market for malt extract has suffered as a result of the COVID-19 outbreak. Malt grains were not treated for a while after harvest due to the infestation, which led to a lockout and production interruptions. This led to severe losses for growers and the malting extracts sector. Due to the widespread lockdowns, many bars and pubs, where most beer is consumed, had to close. Nearly half of all beer consumed in Europe is consumed in bars and pubs, and the closing of these venues led to a double-digit decline in consumption.

LATEST TRENDS 

"Rising Urbanization of Developing Nations to Stimulate Market Development   "

Increased knowledge of the health advantages of foods and beverages made from barley, the rising urbanization of developing nations, and changes in customer preferences and lifestyle are all factors affecting the malt extract market growth. Additionally, there are lucrative potential for market participants due to the development of new food plus beverage-related sectors, a rise in requests for organic malt components and gathers, and the popularity of craft beer.

MALT EXTRACT MARKET SEGMENTATION

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• By Type

Based on type; the market is divided into standard, speciality

Standard is the leading part of the type segment.

• By Application

Based on the application; the market is divided into animal feed, pharmaceuticals, bakery, confectionary, beverages

Animal feed is the leading part of the application segment.

DRIVING FACTORS

"Innovation in the Alcohol Sector to Aid Market Expansion  "

Developmental stages including puberty and growing independence are anticipated to be the main factors influencing alcohol use among this age group. Furthermore, the demand for beverages with low alcohol content, including beer, has increased as a result of shifting taste and preference patterns. Additionally, the number of women who drink is rising globally, which is driving up the need for alcohol and, consequently, the expansion of the worldwide market. 

"Barley as a Beneficial Replacement to Foster Industry Progress  "

In bakery foods, this extract provide the perfect balance because they are minimally processed and clean-label ingredients. They provide the bread with color and flavor in addition to antioxidants, important amino acids, nutrients, and minerals. Additionally, bakery products can be labeled as sugar-free by substituting barley malt extract derivative for sugar. The malt business is predicted to benefit greatly from the rapidly expanding population, changing eating habits, increased demand for staple foods, and rising socialization.

RESTRAINING FACTOR

"Price Pressure on Manufacturers to Stop Market Evolution  "

On the opposite hand, factors that are anticipated to restrain market expansion include the volatility about the malt extract market along with the overall quality of the barley owing to climatic conditions. The global market is anticipated to face challenges from factors such as price pressure on manufacturers brought on by difficulties with the distribution network and the availability of fake malt and equipment.  

MALT EXTRACT MARKET REGIONAL INSIGHTS

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"Asia Pacific to dominate the Market owing to the Large Consumption of Beer and Whiskey "

Due to the large consumption of beer and whiskey as well as the region's high level of disposable income, Asia Pacific dominates the malt extract market share. The area serves as a hub for the worldwide barley market because it is linked to all of the key industry players.

Despite having a tiny local manufacturing sector relative to demand, China ranks as one of the worldwide top consumers of beer. One of the markets for barley that is predicted to expand the fastest is India. The crucial increase in alcohol production is a result of globalization and increased per capita wealth.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

LIST OF TOP MALT EXTRACT COMPANIES

• Axereal (France)
• Cargill (U.S.)
• IREKS (U.S.)
• Doehler (Germany)
• VIVESCIA (France)
• Polttimo (U.S.)
• Malt Products (U.S.)
• Malteries Soufflet (France)
• Simpsons (India)
• Muntons (U.K.)

REPORT COVERAGE

This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.

In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.