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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