Malt Ingredients Market Size To Reach $38.0 Billion By 2030

Malt Ingredients Market Growth & Trends

The global malt ingredients market size is expected to reach USD 38.0 billion by 2030 registering a CAGR of 5.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising importance of malt in bakery, confectionary, and nutritional drinks production has been fueling the product demand across the globe. Furthermore, increasing popularity of alcoholic beverages, especially craft beer, is projected to be one of the key driving factors.

Barley segment led the global market in 2018 and held over 48% of the total revenue share. Barley is widely used in beer production as it has required enzymes, proteins, and high starch content. It has gained popularity as a colorant and flavor in the alcoholic beverages industry. Rye is gaining significant importance in the bakery and confectionary production. Rye helps in maintaining heart health and reducing blood sugar and pressure.

The beverage application segment held the largest share of the global market in 2018 and will expand further at a steady CAGR from 2019 to 2025. Rapid growth of the alcoholic beverage market is the key factor driving the segment. Rising number of craft breweries across the globe is also likely to boost the product demand in beverages segment. According to studies, the number of craft breweries in U.S. crossed 7300 in 2018. The number of microbreweries brewpubs and regional breweries has increased to around 4,521 2,594 and 231, respectively.

Asia Pacific is anticipated to be the fastest-growing regional market at a CAGR of 10.2% from 2019 to 2025. Increasing consumption of alcoholic beverages in developing countries including China, Vietnam, Thailand, India, and Taiwan is expected to be the key growth-driving factor.

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Malt Ingredients Market Report Highlights

• Barley grains dominated the market and accounted for the largest revenue share of 49.4% in 2023. Barley is the primary source of malt due to its high enzyme content and starch composition, making it essential for brewing and food applications.

• Beverages led the market and accounted for the largest revenue share of 85.8% in 2023. Alcoholic and non-alcoholic beverages are generally processed using malt ingredients.

• The Europe malt ingredients market dominated the global market and accounted for the largest revenue share of 34.5% in 2023.

• Asia Pacific malt ingredient market is expected to grow at the fastest CAGR of 9.8% over the forecast period. This growth is attributed to the major players in the market contributing to market expansion strategies and product innovations to boost the market.

Malt Ingredients Market Segmentation

Grand View Research has segmented the global malt ingredients market on the basis of source, application, and region:

Malt Ingredients Source Outlook (Revenue, USD Million, 2018 - 2030)

• Barley

• Wheat

• Rye

• Others

Malt Ingredients Application Outlook (Revenue, USD Million, 2018 - 2030)

• Food

• Beverage

• Pharmaceutical

• Others

Malt Ingredients Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • Japan

  • China

  • India

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

List of Key Players of Malt Ingredients Market

• Cargill, Incorporated.

• Axéréal

• Crisp Malt

• Muntons Plc

• VIVESCIA

• Simpsons Malt

• Briess Malt & Ingredients

• ADM

• GrainCorp.

• InVivo