Overview:
Malt is generally a process of transforming cereal grains such as wheat and barley into malt which can be utilized in brewing, distilling as well as in manufacturing of food. Malt ingredients are basically utilized by food companies as an additive which adds color and flavors to final product as well as enhances the texture of food and beverages.
The global malt ingredients market is growing at a rapid pace and is anticipated to achieve significant growth over the next seven years till 2023. Rising population over the past few years has impacted the supply of food all across the globe. Besides this, increasing consumption of malt beer and nutritional malt based dairy products is anticipated to expand the growth of malt ingredients market till 2023. Apart from this, rising demand for malt ingredients from confectionery and bakery industry is further likely to impel the growth of malt ingredients market till 2023.
At present, Europe region captured the maximum share in revenue of malt ingredients market and is anticipated to dominate over the forecast period. Rising preferences for consumers towards packaged food and ready to eat food is anticipated to incline the growth of malt ingredients market over the forecast period.
The global malt ingredients market is mainly concentrated in Europe. Major players are adopting different market strategies to enter and enhance their market position and distribution network.
Global Malt Ingredients Market is segmented on the following bases:
Key Players Identified Across the Value Chain in the Malt Ingredients Market include but are not limited to:
Malteries Soufflet SAS, Malt Products Corporation, Simpsons Malt Ltd, Muntons Plc, Dohler GmbH, Cargill Incorporated, Polttimo Oy, and others.
This report offers:
