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Global Malt Ingredients Market Forecast 2023-2032

The Malt Ingredients Global Market Report 2023 by The Business Research Company, provides malt ingredients market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/malt-ingredients-global-market-report

According to The Business Research Company’s Malt Ingredients Global Market Report 2023, the global malt ingredients market size grew from $20.77 billion in 2022 to $21.93 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global malt ingredients is expected to grow to $27.07 billion in 2027 at a CAGR of 5.4%.

The increasing demand for beer is driving the malt ingredients market. Beer is a carbonated, fermented alcoholic drink with less than 5% alcohol concentration that is frequently brewed from malted cereal grains (mainly barley) and flavored with hops. Increased disposable income and consumer preferences are leading to an increase in beer consumption across the globe. Malt ingredients give color, flavor, and foam to the beer, provide the sugars for fermentation, and contribute to the health aspect of the beer.

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The malt ingredients market is segmented:

1) By Type: Dry Malt, Liquid Malt, Malt Flour, Other Types

2) By Raw Material: Barley, Wheat, Rye, Maize, Rice, Oat

3) By Application: Brewing, Distilling, Cereals, Bakery, Beverages (Non-Alcoholic), Confectionery

Strategic partnerships and joint ventures are a key trend in the malt ingredients market. Companies are entering into a partnership and collaborating with malt ingredients manufacturers to leverage each other’s resources and enter new markets. In July 2022, County Malt Group, a US-based manufacturer and supplier of crafted beverage ingredients partnered with AB Biotek, a UK-based AB Biotek producer of yeast and integrated fermentation solutions. Through this partnership, Country Malt Group aims to provide yeast for distilled spirits producers in the American marketplace.

The malt ingredients market report table of contents includes: