Malt Extracts & Ingredients Market Size, Share & Industry Analysis, By Source (Barley, Wheat, Rye, Others), By Form (Dry, Wet), By Application (Beverages, Food, Pharmaceuticals, Other Applications) And Regional Forecast, 2024-2032

Malt extract are sweet, an uncrystallized syrup-like substance with is mainly used as dietary supplement. They are classified into two categories dry malt extract and liquid malt extract. Liquid malt extract (LME) is an unfermented, concentrated and viscous syrup used for brewing alcoholic beverages. It is also a common ingredient used in preparing baked goods, breakfast cereals, dairy products, and confectionary. It is a natural sweetener and is easily soluble in water. In addition, it is rich in nutrients and flavors due and is also used as a substitute of sugar. The flavor of the malt extract largely depends on the types of malt which is used in the production process. LME is available in various formulations suitable for home brewers as they can choose from wide varieties such as wheat, amber, among others. Small breweries also find it suitable to brew using LMEs as the purchasing cost associated with LME is less compared to the traditional brewing practices. Dry malt extract (DME) is a wort which is devoid of any moisture. Additionally, dry malt extract is easier to store compared to liquid malt extract. Due to its powder form, the product can be applied easily by food manufacturers.  

Malt extract has half of the sweetness of sugar syrup and has several nutritional properties. Malt extract derived from barley are used as to enhance the flavor of cereal-based food such as infant formula, biscuits, and bread. It is also used to reduce the bitterness associated with fiber-rich formulations.

In the baking industry, malt extract helps promote yeast activity, thereby reducing the baking time. It also helps in the production of biscuits and cracker; and contributes to improving the finished product's smoothness. Other applications of malt extract include its usage in ice cream formulations as a primary sweetener and as color enhancer in beer production.

There are several side effects associated with the consumption of malt extracts. This includes problems such as gas, bloating, and vomiting. It also causes allergic reactions in certain people; hence, proper consultation with a dietician is required before consuming malt-based extracts.

Key Players Covered:

The key players operating in the global malt extracts and ingredients market are Groupe Soufflet, Muntons PLC, Viking Malt, Diastatische Producten, Laihian Mallas. Other players include Rahr corporations, Graincorp Limited, Malteurop Group, Maltexco, Malt products, Holland Malt and Boortmalt.

Malt is one of the essential element, which is used for the production of beer. It adds a distinct flavor to the product and adds aroma to the beverage. Apart from the beer, other products such as whisky and other alcoholic drinks also use malt as an essential ingredient. Hence, the demand for malt ingredients in beverage industry is expected to increase in the coming years.

Barley is one of the major ingredients used for the production of malt. It is rich in protein, starch degrading enzymes and amylases. The presence of these enzymes helps to facilitate the fermentation of ethanol and helps the development of alcohol. barley-based beers are also rich in silicon and promotes bone build-up.  Hence, the demand for barley-based beverages is high among health-conscious beer lovers. This acts as a major factor that uplifts the demand for barley-based beer in the market.

Among the different forms, the demand for dry malt ingredients is expected to rise significantly. DME is easier to store and helps in enhancing the texture of food products such as bread and rolls. DME also needs to be stored in dry environment to protect it from humidity.

Regional Analysis:

Europe is expected to register significant growth in recent years due to the increasing beer consumption in the region. Countries such as Czech Republic, Austria, and Romania are some of the largest consumers of beer in the world. The Millennial population prefers to drink beer and is considered one of the major products that help communities bond with each other. Hence, the demand for malt extracts and ingredients is on rise in the region. As malt is the primary ingredient used in breweries, the companies are emphasizing on research and development of new varieties of malt extracts to enhance the color, texture and taste of the beer.

Segmentation

Key Industry Developments

In 2019, Axreal, a French-based grain cooperative acquired the Boortmalt, which is Cargill’s malt production unit. Boortmalt is one of the largest producer of malt with 27 malting plants producing 3 million tonnes production capacity