Barley Malt Extracts Market to Grow with a CAGR of 7.8% Globally through to 2028
Increasing demand for craft beers and
natural sweeteners, expansion and innovation in the alcohol industry are
factors driving the global barley malt extracts market in the forecast period
2024-2028.
According to TechSci Research report, “Global Barley
Malt Extracts Market - Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2028”, the Global Barley Malt Extracts Market stood at
USD 460.5 million in 2022 and is anticipated to grow with a CAGR of 7.8% in the
forecast period, 2024-2028. The global barley malt extracts market is expected
to grow significantly in the coming years, driven by the increasing demand for
craft beers and natural sweeteners. The expansion and innovation in the alcohol
industry and the use of barley as a healthy substitute in the food industry are
also driving the growth of the market.
The growing popularity of craft beers is
a major driver of the barley malt extracts market. Craft beers are brewed with
a variety of specialty malts, which provide unique flavors and aromas to the
beer. Barley malt extracts are also used in craft beers to improve head
retention and mouthfeel. The increasing demand for natural sweeteners is
another key driver of the barley malt extracts market. Barley malt extracts are
a natural alternative to refined sugars and can be used in a variety of food
and beverage applications.
Barley malt extracts have established themselves as
versatile and valuable ingredients in the food and beverage industry. This
summary provides an overview of the market for barley malt extracts,
highlighting its key aspects, including market size, growth drivers,
challenges, and emerging trends.
Consumers'
increasing awareness of health and wellness has prompted them to seek healthier
alternatives to refined sugars and artificial sweeteners. Barley malt extract,
with its lower glycemic index and natural composition, aligns with these
preferences.
It is anticipated that developmental stages like
puberty and growing independence will be the main factors influencing alcohol
intake within this age group. A rise in demand for liquids with low alcohol
content, like beer, has also been attributed to altering taste and preference
patterns. Additionally, the number of female drinkers worldwide is rising,
which is driving up demand for alcoholic beverages and, consequently, the
expansion of the international market for malt extracts. Barley malt extracts are
clean-label, lightly processed ingredients that provide the perfect balance in
bread goods. They not only provide the bread colour and flavour, but they also
have anti-oxidants, vital amino acids, vitamins, and minerals. Additionally, a
derivative of barley malt extract can be used in bakery products to replace
sugar, enabling the products to bear the designation "sugar-free."
The bread business is anticipated to be strongly impacted by the malt industry
due to the rapidly growing population, changing food consumption patterns,
expanding demand for staple foods, and rising socialization.
Browse over 26 market data Figures
spread through 183 Pages and an in-depth TOC on "Barley Malt Extracts Market”
Growing consumer interest in organic and
clean-label products has driven demand for organic barley malt extracts. These
products are produced without synthetic pesticides or GMOs and are processed
using organic methods. As plant-based and vegan diets gain popularity, barley
malt extracts are being used to enhance the flavor and nutritional profile of
plant-based alternatives to dairy, meat, and baked goods. The barley malt
extracts market is expanding into Asian markets like China and India, where
consumers are increasingly health-conscious and seeking nutritious, whole-grain
options. Barley-based products resonate with these preferences.
The Global Barley Malt Extracts Market is segmented
into type, application, source, form, regional distribution, and company.
Based on the application, The beverages segment
accounted for the largest share of the global barley malt extracts market in
2022. This is due to the extensive use of barley malt extracts in the
production of beer, ale, stout, malt whiskey, and non-alcoholic malt beverages.
Based on region, North America is the largest market
for barley malt extracts. This is due to the high consumption of beer and other
alcoholic beverages in the region. North America is also home to a number of
major craft breweries, which use a variety of specialty malts in their beers.
Major companies operating in Global Barley Malt
Extracts Market are:
- Cargill, Incorporated
- Archer Daniels Midland Company
- Malteurop
- Boortmalt
- Muntons plc
- Malteurop Group
- Soufflet
- Kerry Group plc
- Associated British Foods plc
- Briess Malt & Ingredients Company
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“The barley malt extracts market continues to grow due
to the craft brewing industry, health and wellness trends, bakery and
confectionery applications, the rise of non-alcoholic beverages, and global
market expansion. While challenges exist, such as competition from other
sweeteners, raw material availability, and regulatory compliance, emerging
trends like organic demand, plant-based applications, expansion into Asian
markets, innovation in barley varieties and processing, and functional food
adoption are driving the industry forward. As consumers seek healthier and more
natural alternatives, barley malt extracts are well-positioned to meet their
evolving preferences in the food and beverage landscape.,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“Barley
Malt Extracts Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Type (Light Extracts, Ambe Extracts, Dark Extracts), By
Application (Food, Beverages, Pharmaceuticals, Other), By Source (Conventional,
Organic), By Form (Liquid, Powder), By Region, By Competition, 2018-2028”,
has evaluated the future growth potential of Global Barley Malt Extracts Market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Barley Malt Extracts Market.
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