Malting is the process of converting cereal grains like barley, wheat and others into malt which can be used in brewing, distilling and in food manufacturing. The cereal grains are germinated by soaking in water then allow to sprout and dried with hot air. During malting process grain starches are converted in simple sugars such as glucose and fructose. Malt ingredients are used in food industry as a food additives which imparts desirable flavor and color to finished product and it helps to modify or stabilize texture of food & beverages. Increasing new food product development to incorporate natural ingredients, and increasing demand for all natural food products is creating opportunities for malt ingredient market.
Malt Ingredients Market: Segmentation
Malt ingredients market is segmented on the basis of sources as barley, wheat and others (rye). Barley is commonly used raw material in malting process. Wheat grains are used for malting as it contains higher amount of proteins Malt ingredients markets is segmented on the basis of grade as special grade and standard grade malts (are also known as base malts). Out of these two types base malts have diastatic power to convert their starches while specialty malts have little diastatic power, and it contributes flavor, color to the final product. On the basis of types malt ingredients market is further segmented as dry malt, liquid malt, flour and others (flakes). Dry malt powder is used in bakery and powder premixes manufacturing. Liquid malts are used in syrup and ice cream toppings. Flakes are used as bakery toppings. The malt ingredients market is also segmented on the basis of end use applications as food products, bakery and confectionary products, dairy and frozen products, alcoholic and non-alcoholic beverages and others (pharmaceutical and animal feed).
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Malt Ingredients Market: Region-wise Outlook
Malt ingredients market can be segmented on the basis of region includes North America, Latin America, Eastern Europe, Western Europe, Asia Pacific except Japan, Japan and Middle East and Africa. The Malt ingredients market is expected to witness vigorous growth through 2025 due to the rising demand for ready-to-eat and packaged food preferences of consumer. With increasing packaged food consumption and non-alcoholic beer consumption, malt ingredient market is expected to grow at healthy rate. Europe is expected to dominate the market in forecast period. Asia-Pacific and Middle East and Africa will show the robust growth due to growing demand for alcoholic and non-alcoholic beverages. New product development in dairy premixes and malt based drinks for kids is motivational factor for malt ingredient market growth.
Malt Ingredients Market: Drivers
The increasing population globally has a strong impact on the food supply. Health conscious consumers are looking for clean label, food quality and safety. Increase in consumption of malt beer and malt based nutritional dairy products is key driver for malt ingredients market. Malt ingredients are used in bakery and confectionery products for dwell purpose as it imparts colour and flavor to finished products.
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Malt Ingredients Market: Key Players
The key international players operating in malt ingredients market includes Axereal, Cargill Incorporated, Crisp Malting Group, Global Malt GmbH & Co. Kg, Graincrop Limited, Ireks GmbH, Malteurop Group, Muntons PLC. Simpsons Malt Ltd, Soufflet Group