The Malt Extracts And Ingredients Global Market Report 2023, provides comprehensive information on the malt extracts and ingredients market 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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As per The Business Research Company’s Malt Extracts And Ingredients Global Market Report 2023, the global malt extracts and ingredients market size is expected to grow from $18.29 billion in 2022 to $19.38 billion in 2023 at a compound annual growth rate (CAGR) of 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 global malt extracts and ingredients market size is expected to reach $23.58 billion in 2027 at a CAGR of 5%.
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Product innovations are a key trend gaining popularity in the malt extracts and ingredients market. Major companies operating in the market are introducing innovative products to sustain their position in the market. For instance, in January 2020, Muntons, a UK-based malt and malt ingredients manufacturer, launched the EasySour malt extract blend, an innovative product to manufacture sour beers with the least hassle for brewers. The uniqueness of the product is that it’s a malt blend that quickly creates the souring effects that are most sought-after by athletes and other people. It is primarily used to help speed up the process, cut costs, and eliminate risk. This new item is made to be introduced either during or after fermentation. It imparts the reviving ‘soured’ flavor without the requirement for prolonged storage or the dangers connected with the employment of bacteria in the brewery.
The malt extracts and ingredients market is segmented:
1) By Product: Extracts, Ingredients
2) By Source: Barley, Wheat, Rye and Rice, Oats, Sorghum, Millets, Corn
3) By Form: Dry, Liquid
4) By Product Type: Diastatic, Non-Diastatic, Brewery-Grade
5) By Application: Beverages, Food, Pharmaceuticals, Other Applications
Europe was the largest region in the malt extracts and ingredients market in 2022.
The table of contents in TBRC’s malt extracts and ingredients market report includes:
- Executive Summary
- Malt Extracts and Ingredients Market Characteristics
- Malt Extracts and Ingredients Market Trends And Strategies
- Malt Extracts and Ingredients Market – Macro Economic Scenario
- Malt Extracts and Ingredients Market Size And Growth
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- Africa Malt Extracts and Ingredients Market
- Malt Extracts and Ingredients Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Malt Extracts and Ingredients Market
- Malt Extracts and Ingredients Market Future Outlook and Potential Analysis
- Appendix
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