Press Release-Malt Ingredients Market to Reach USD 39.6 Billion by 2032

According to analysts at Vantage Market Research, the Global Malt Ingredients Market size is worth USD 24.4 Billion in 2023 and is projected to reach USD 39.6 Billion by 2032, growing at a CAGR (Compound Annual Growth Rate) of 5.6% from 2024 to 2032. The Malt Ingredients Market is driven by the growing popularity of craft beers, increasing brewing industry, and rising demand for health-oriented and functional beverages. Opportunities include leveraging technological advancements in malting processes, tapping into new food applications, and catering to rising consumer preferences for premium and sustainable products.

Market Overview

The global malt ingredients market is witnessing major growth driven by the increasing demand for plant-based ingredients & natural sweeteners, coupled with the growing preference for versatile, and sustainable ingredients among brewers. Malt, recognized as a healthy alternative to traditional sweeteners, enhances the color, taste, and texture of food & beverage products, making it a favored choice among manufacturers. This trend is aligned with the broader consumer shift towards healthier and more sustainable food options.

The rise in demand for alcoholic beverages such as beer, vodka, whiskey, and scotch, along with non-alcoholic beverages, is another significant driver of the market. Consumers are increasingly seeking distinctive and flavorful beers, stimulating the growth of malt ingredients in the beer industry. The craft brewing and distilling industries have witnessed substantial growth in recent years, highlighting the market expansion. Furthermore, the growing interest in low-alcoholic beverages among health-conscious consumers is propelling manufacturers to offer a broader range of products with improved taste & low alcoholic content, further boosting the market demand.

The increasing food & beverage industry, particularly in the Asia Pacific region, is anticipated to present significant growth prospects for the global market. According to the India Brand Equity Foundation, the Indian food processing sector represents 32% of the country's total food market, making it one of India's largest industries and ranking fifth in terms of production, consumption, and export. In 2020, India's food processing exports reached $1.8 billion, highlighting the sector's potential to drive the market growth.

Malteurop Expands Global Presence with New Malthouse in Mexico

Malteurop is broadening its international reach by opening a new malthouse in Mexico. The VIVESCIA Group, which manages Malteurop's malting operations, marked the opening of the facility in Meoqui, Chihuahua. With an annual production capacity of 120,000 tons of malt, this new plant establishes Malteurop as a major global maltster poised to seize new business opportunities in Mexico. It is also the first investment in the country by a player in the malt industry.

Key Takeaways from the Report

• In 2023, Europe led the market with a 38.4% share, driven by increased consumption of alcoholic beverages and a growing use of raw malt ingredients in breweries
• The Asia Pacific region is projected to have the fastest growth rate from 2024 to 2032
• In 2023, the Brewing segment held the largest market share at 61.2% due to the crucial role of malt ingredients in beer production. Malt is essential for adding flavor, color, and body to beer, making it the leading application segment

Top Companies

• Cargill Incorporated
• Simpsons Malt Limited
• Boortmalt
• GrainCorp Limited
• Crisp Malting Group
• VIVESCIA (Malteurop Groupe S.A.)
• Briess Malt & Ingredients
• Polttimo
• The Soufflet Group
• Muntons PLC
• BSG CraftBrewing

Latest News

Boortmalt's Carbon-Reduced Malting Barley Supply Agreement

• In June 2024, Boortmalt reinforced its commitment to regenerative agriculture with a new supply agreement for carbon-reduced malting barley with Cefetra Ecosystem Services. This multi-year agreement, covering 60,000 metric tons, will source barley from UK and Irish farmers under the Cefetra Ecosystem Services Farming Program, aiming to cut Boortmalt's carbon emissions by over 10,000 tons of CO2e.

Simpsons Malt Ltd.'s Green Partnership

• In June 2023, Simpsons Malt Ltd. formed a long-term alliance with Yara UK and Varda to significantly reduce the carbon footprint of malting barley and distilling wheat production. The partnership will employ fossil-free fertilizers, precision farming techniques, and Global Field ID to achieve carbon neutrality by 2030, aligning with Simpsons Malt's goal to lower the carbon impact of leading global beer and whisky brands.

About Vantage Market Research:

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