Year | Value |
---|---|
2024 | USD 10.68 Billion |
2035 | USD 15.2 Billion |
CAGR (2025-2035) | 3.26 % |
Note โ Market size depicts the revenue generated over the financial year
In the meantime, the Malt Extracts Market is expected to grow at a steady rate, with a current value of $ 10.68 billion in 2024, projected to reach $ 15.2 billion by 2035. The average annual growth rate from 2025 to 2035 is 3.26 percent, which reflects the high demand for malt extracts from various industries, especially in food and beverage applications. The popularity of craft beers and malt beverages is a major driving force for the market. There are several factors driving the growth of the market, such as the development of malt extraction technology and the growing popularity of special malts with different flavor profiles. The introduction of new varieties of malts and brewing techniques has led to a more diverse product range and a wider customer base. The major players in the malt extracts market, such as AB InBev, Molson Coors Brewing Co., and Cargill, have been constantly launching new products and establishing new strategic cooperation to increase the competitiveness of their products. This not only helps them to maintain their market share, but also reflects the changes in consumers' tastes and the trend of the market.
Regional Market Size
The Malt Ingredients Market is growing at a dynamic rate in various regions, driven by the increasing popularity of craft beers, especially in North America and Europe. This market is characterized by a wide range of applications in brewing, distilling, and food, and a significant shift towards organic and specialty malts. The Malt Ingredients Market is a growth area, particularly in regions with strong brewing traditions and the emergence of the craft beer industry.
โDid you know that malt is not only used in brewing beer but also plays a crucial role in the production of various food products, including baked goods and breakfast cereals?โ โ Malt Ingredients Association
The malt extracts market is booming, thanks mainly to the growing popularity of special beers and the growing popularity of malt-based food products. Natural and organic products, which consumers prefer, are also a major driver of the market, as well as the increasingly popular craft beer industry, which is focused on quality and taste. Moreover, the regulatory framework in North America and Europe, which encourages the use of locally produced ingredients, is driving market growth. The current use of malt extracts is at a mature stage. AB InBev and Molson Coors are the leading players in terms of innovation. Whether in brewing, in the production of spirits, or in the food industry, malt is used primarily for its flavor, color, and functionality. The increasing focus of consumers on health and the development of a sustainable economy are also driving the market, as manufacturers seek to align their products with these trends. Enzymatic technology and improved malting methods are determining the evolution of the market, enabling manufacturers to increase the taste profile and reduce costs.
From 2024 to 2035, the global malt ingredients market is expected to grow steadily, with a CAGR of 3.26% from $ 10.68 billion in 2024 to $15.2 billion by 2035. The market is mainly driven by the rising demand for artisanal beverages, especially beer, where malt is an essential ingredient. It is also driven by the growing preference for local and artisanal products. In North America and Europe, where artisanal brewing has a long history, malt ingredients are expected to see a strong uptake. By 2035, specialty malts will represent up to 40% of the malt used in brewing, greatly improving the quality and taste of artisanal beers. Moreover, technological developments and government support will play a significant role in shaping the future of the malt ingredients market. The automation of the malting process and the precision malting process are expected to improve the efficiency and consistency of malting, which will encourage more brewers to use high-quality malt ingredients. Meanwhile, the use of organic and sustainable malt ingredients is expected to be encouraged by the introduction of new regulations and policies. And as consumers become more health-conscious, the demand for malt ingredients with nutritional and health benefits such as high dietary fiber and low glycemic index will increase. In short, the malt ingredients market is expected to grow steadily.
Covered Aspects:Report Attribute/Metric | Details |
---|---|
Market Size Value In 2023 | USD 6.8 Billion |
Growth Rate | 5.55% (2024-2032) |
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