"Barley Malt Extracts Market Size And Forecast by 2031
Data Bridge Market Research analyses that the Global Barley Malt Extracts Market which was USD 465.1 Million in 2022 is expected to reach USD 829.49 Million by 2030 and is expected to undergo a CAGR of 7.50% during the forecast period of 2022 to 2030
Barley Malt Extracts Market research report provides a comprehensive analysis of the market. The report aims to provide insights into Barley Malt Extracts Market trends, growth opportunities, key drivers and challenges, competitive landscape, and other crucial factors that may impact the market in the forecast period (2024-2031).
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Which are the top companies operating in the Barley Malt Extracts Market?
The study report on the Global Barley Malt Extracts Market offers a comprehensive analysis of the industry, highlighting key trends, market dynamics, and competitive landscape. It profiles prominent organizations operating in the market, examining their successful strategies and market share contributions. This Barley Malt Extracts Market report provides the information of the Top 10 Companies in Barley Malt Extracts Market in the market their business strategy, financial situation etc.
**Segments**
- Based on type, the global barley malt extracts market can be segmented into liquid malt extract and dry malt extract. Liquid malt extract is anticipated to hold a significant market share owing to its ease of use and wide applications in the food and beverage industry. Dry malt extract, on the other hand, is witnessing growth due to its longer shelf life and convenience in storage.
- By end-use, the market is divided into food industry, breweries, pharmaceuticals, and others. The food industry segment is expected to dominate the market, driven by the increasing consumption of malt extracts in baked goods, confectionery, and breakfast cereals. Breweries are also a key end-user of barley malt extracts, contributing to the market growth with the rising demand for craft beer and malt-based beverages.
- Geographically, the global barley malt extracts market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is projected to lead the market share due to the long-standing tradition of beer consumption and the presence of established breweries in the region. The Asia Pacific region is witnessing significant growth with the changing consumer preferences towards healthier food options and the growing food processing industry.
**Market Players**
- Some of the key players in the global barley malt extracts market include Cargill, Incorporated, Malteurop Group, Axereal, Bairds Malt, Simpsons Malt, Muntons Plc, MaltProducts Corporation, GrainCorp Limited, Briess Malt & Ingredients Co., and The Malt Company (India) Pvt. Ltd. These companies are focusing on product innovation, strategic partnerships, and expansion of production facilities to gain a competitive edge in the market.
The global barley malt extracts market is poised for substantial growth in the coming years, driven by various factors influencing different segments of the industry. In terms of type segmentation, the market is witnessing a significant preference for liquid malt extract due to its ease of use and versatile applications across the food and beverage sector. On the other hand, dry malt extracts are gaining traction among consumers for their longer shelf life and convenience in storage, which is contributing to the overall market expansion.
When looking at the end-use segmentation of the barley malt extracts market, the food industry emerges as a dominant player, primarily fueled by the escalating consumption of malt extracts in baked goods, confectionery products, and breakfast cereals. Additionally, breweries play a vital role in the market landscape, fostering growth through the increasing demand for craft beer and other malt-based beverages. The pharmaceutical and other industries also form integral segments supporting the overall market progression.
From a geographical perspective, Europe stands out as a frontrunner in the global barley malt extracts market, predominantly due to its rich tradition of beer consumption and the presence of well-established breweries in the region. Meanwhile, the Asia Pacific region is experiencing significant growth momentum driven by shifting consumer preferences towards healthier food choices and the expanding food processing sector. North America, Latin America, and the Middle East & Africa regions also present opportunities for market players to explore and expand their presence.
In terms of market players, the global barley malt extracts market is populated by key industry participants such as Cargill, Incorporated, Malteurop Group, Axereal, and Bairds Malt, among others. These companies are actively engaging in product innovation, forging strategic partnerships, and expanding their production facilities to enhance their competitive positioning in the market. With a focus on catering to evolving consumer demands and incorporating advanced technologies in their operations, these players are shaping the future dynamics of the barley malt extracts industry.
In conclusion, the global barley malt extracts market is characterized by a diverse range of segments, each contributing to the overall growth**Market Players:**
- GrainCorp (Australia)
- Malteurop (France)
- Rahr Corporation (U.S.)
- Boortmalt (Belgium)
- Groupe Soufflet (France)
- Maltproducts (U.S.)
- Holland Malt (Netherlands)
- Maltexco (Chile)
- Barmalt (India)
- IREKS (Germany)
- Muntons PLC (U.S.)
- Simpsons (U.K.)
- Viking Malt (Finland)
- Agraria (Argentina)
- Puremalt (Scotland)
- Cerex (Netherlands)
- EDME Ltd. (U.K.)
- Imperial Malt (India)
- Diastatische Producten (Netherlands)
- Laihian Mallas (Finland)
The global barley malt extracts market is positioned for significant growth, driven by the preferences and demands within different segments of the industry. Liquid malt extract retains a dominant position, valued for its versatility in applications across the food and beverage sector and ease of use. Conversely, dry malt extract is carving its niche, supported by a longer shelf life and convenience in storage practices, contributing to the overall market expansion.
The food industry segment emerges as a key player in the market landscape, fueled by the increasing utilization of malt extracts in various products such as baked goods, confectionery items, and breakfast cereals. Breweries also hold substantial importance, propelling market growth with the rising interest in craft beer
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Regional Analysis For Barley Malt Extracts Market
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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This report provides Global Barley Malt Extracts Market :
- An in-depth overview of the global market for
- Barley Malt Extracts Market Assessment of the global industry trends, historical data from 2015, projections for the coming years, and anticipation of compound annual growth rates (CAGRs) by the end of the forecast period.
- Discoveries of new market prospects and targeted marketing methodologies for Global Barley Malt Extracts Market
- Discussion of R&D, and the demand for new products launches and applications.
- Wide-ranging company profiles of leading participants in the industry.
- The composition of the market, in terms of dynamic molecule types and targets, underlining the major industry resources and players.
- The growth in patient epidemiology and market revenue for the market globally and across the key players and Barley Malt Extracts Market segments.
- Study the market in terms of generic and premium product revenue.
- Determine commercial opportunities in the market sales scenario by analyzing trends in authorizing and co-development deals.
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