Global Malt Ingredients Market 2016-2020
Outlook of the malt ingredients market
Technavio’s market research analysts have predicted the global malt ingredients market to grow at a CAGR of more than 6% during the forecast period. The increasing popularity of craft beer is one the key factors driving this market’s growth globally. Craft beer is brewed using traditional ingredients such as malt and has a better taste than ordinary beer. Consumers in the US are increasingly moving toward craft beer due its better taste, brewing techniques, and innovations. Moreover, young consumers are experimenting with new products and flavors offered by beer manufacturers. Therefore, in response to the growing interest artisanal flavors, unique taste, and local products, craft brewers will expand production. The increase in demand for locally alcoholic beverages, such as craft beer will bolster the growth prospects of the malt ingredients market in coming years.
In this industry research report, the analysts have estimated factors such as increasing product differentiation and innovation will contribute to the growth of this market over the predicted period. Most consumers usually stick to their preferred brand of choice when it comes to alcoholic beverages, but they also seek variety in terms of product offerings. Any differentiation in alcoholic beverages on the basis of its basic composition, determined by the malt ingredients, helps tap potential customers. Moreover, vendors invest heavily in research and development and focus on broadening their product range. A growing customer base that seeks for novel and innovative products will spur this market’s growth until the end of 2020.
Segmentation by application and analysis of the malt ingredient market
- Alcoholic beverages
- Non-alcoholic beverages
- Pharmaceutical and animal feed
The alcoholic beverages segment was the largest market segment in the global malt ingredient market and is expected to value at more than USD 19 billion by 2020. Malt is the key ingredient in alcoholic beverages and is used in the production of beer and whisky. The increasing consumption of alcohol around the world is likely to fuel this growth of this market segment in the coming years.
Geographical segmentation and analysis of the malt ingredient market
- North America
During 2015, Europe dominated the malt ingredient market and accounted for more than 47% of the market share by revenue. Europe is the largest market for alcoholic beverages and steady growth in Eastern Europe will impel the growth of the malt ingredients market in the region.
Competitive landscape and key vendors
The global market for malt ingredients is highly fragmented and is characterized by the presence of large and small vendors. The market is highly competitive, with all players competing to gain a greater market share. Intense competition and frequent changes in consumer preferences constitute significant risks for vendors. These vendors compete on the basis of numerous factors such as price, quality, product differentiation, distribution, and promotion. Vendor performance in the global malt ingredients market may be impacted by the changing consumer spending pattern and preferences due to the increase in disposable incomes and changing lifestyles.
Key vendors in this market are -
- Malteurop Group
- Soufflet Group
Other prominent vendors in the market are Agromalte Agraria, Axereal, Bairds Malt, Barmalt, Briess Malt & Ingredients, Cofco Malt, Country Malt, Crisp Malting, Dalian Xingze, EDME, Global Malt, Holland Malt, Ireks Malt Products, Muntons, PureMalt, Rahr Malting, Simpsons Malt, Supertime,Viking Malt, and Yancheng Chunlei Malting.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global malt ingredients market?
- What are the key market trends impacting the growth of the global malt ingredients market?
- What are the challenges to market growth?
- Who are the key vendors in the global malt ingredients market?
- What are the market opportunities and threats faced by the vendors in the global malt ingredients market?
- Trending factors influencing the market shares of the APAC, Europe, North America, and ROW.
- What are the key outcomes of the five forces analysis of the global malt ingredients market?
Technavio also offers customization on reports based on specific client requirement.
- Global Whiskey Market 2016-2020
- Global Alcohol Ingredients Market 2016-2020
- Global Alcoholic Drinks Market 2016-2020
- Alcoholic Beverage Market in the US 2016-2020
Malt ingredients are used to modify or stabilize the texture of food & beverage products. They are chiefly used for brewing alcoholic beverages such as whiskey and beer, and for manufacturing malt vinegar, malt shakes and flavored drinks such as Bournvita, Milo, Horlicks, Boost, and Ovaltine. Briess Malt & Ingredients, Cargill, and GrainCorp are some of the leading vendors in this market.
The global malt ingredients market report is part of Technavio’s food and beverage research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as alcoholic beverages, food, food service, and non-alcoholic beverages. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.