Transparency Market Research Report Added "Malt Ingredients Market" to its database.
Albany, NY -- (SBWIRE) -- 07/07/2015 -- Malt ingredients are primarily those materials which are used for brewing alcoholic beverages such as whisky and beer. Furthermore, malt ingredients are also used for producing malt vinegar, malt shakes and flavored beverages such as Milo, Horlicks and Ovaltine. Moreover, malt ingredients are used in various baked products also such as malt loaf, bagels. Malted barley is an essential ingredient in blended flours primarily used for producing yeast breads alongside other baked products. Malt ingredients market by type, has been segmented into speciality malt and base malt. Furthermore, the market is segmented by raw material into acidulated/sauer malt, wheat malt, aromatic malt, wheat malt and biscuit malt among others. Moreover, the malt ingredients also find application in alcoholic beverages, food and non alcoholic beverages, pharmaceutical industry and pet food and others.
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The increasing popularity of food and beverages industry is creating a positive impact on the demand for malt ingredients globally. Rising preference for convenience and packaged food is driving the demand for malt ingredients. With the rising health consciousness, consumers are showing preference for food products with natural food ingredients. Consumers are intentionally avoiding food products with chemicals and synthetic elements. Rising health consciousness is one of the prime reasons behind the growing popularity of malt ingredients across various regions such as North America, Europe, Asia Pacific and RoW.
Beer industry is one of the major application areas for malt ingredients globally. Malted barley is an essential source of starch and plays a crucial role in the production process of beer. The usage of malt ingredients are increasing with the growing popularity of alcoholic beverages, followed by food industry. With the increasing production of beer, foreign manufacturers are sourcing malt ingredients from the industry. Furthermore, the growing popularity of local beer and craft beer is fueling the demand for domestic malt.
Some of the major challenges for the new entrants in this industry are huge capital investment at initial stage. The industry demands a lump sum amount of investment for establishing the processing plant, malt house, purchasing machineries and equipments. Furthermore, increasing popularity of wine is one of the threats for the beer industry, which is one of the major application segments of malt ingredients. The increasing consumer awareness towards the health benefits of consuming wine than beer is also expected to affect the demand of malt ingredients globally.
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North America dominated the market for malt ingredients market in 2014, followed by Europe and Asia Pacific. The U.S. dominates the market for malt ingredients market in North America. Central and Western Europe are one of the promising markets for malt ingredients. Rising demand for natural ingredients is expected to contribute in the growing popularity of malt ingredients market in economies such as China, Australia and South Korea across Asia Pacific. Botswana, Zimbabwe of Africa is also expected to witness positive growth over the forecast period, followed by Latin America across Rest of the World.
Some of the key players operating in the malt ingredients market are Crisp Malting Group Ltd, Briess Malt & Ingredients Co., Malteurop Group, Bairds Malt Ltd, Cargill Inc., Muntons Malt plc and Simpsons Malt Ltd.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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