North America Malt Extracts Market
Malt extract is a sweet substance extracted from malted grains which are germinated cereal grains dried during malting process. It is extensively used in the brewing of beer. It is produced in two forms dried and liquid malt extracts. The liquid malt extracts is a liquid with high viscosity used as a natural food ingredient. It is available in different color levels ranging from light to dark shades whereas the dry malt extract is made by further spray drying of liquid extract. Malt extract has been in use in multiple products for its unique flavor characteristics, and works as a sugar or honey substitute in many recipes such as baked good like bars, cereals, cookies, bars, and many others. It helps in enhancing flavors, aromas, and colors. It is also used as dietary supplement besides baking and brewing. Brewers prefer liquid malt extract since it requires fewer processing step and appeals to those who want purest form of the product. The malt extracts market is anticipated to grow in the forecast period owing to driving factors such as increasing demand for craft beer coupled with growing adoption of natural and organic food.
Strategic insights for the North America Malt Extracts provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 217.00 Million |
| Market Size by 2027 | US$ 361.87 Million |
| Global CAGR (2019 - 2027) | 6.0% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Form
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Malt Extracts refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The malt extracts market in North America is expected to reach US$ 361.87 million by 2027 from US$ 217.00 million in 2018; it is expected to grow at a CAGR of 6.0% from 2019 to 2027. Increasing demand for natural/organic extracts to create lucrative opportunities for the manufacturers is the key factor driving the North America malt extracts market. Although there are a large number of players in the bakery industry offering traditional bakery products, only a limited player uses malt ingredients in the products they offer. On the other hand, consumers all over the world are gradually preferring food with natural ingredients due to the inherent health benefits. This is a key trend creating high potential opportunities for companies offering such products. This is also creating opportunity for new domestic companies to enter the malt extract market to leverage increasing demand for sugar-free, gluten-free, high nutritional value, and clean label products from the bakery, brewery and food and beverage industries. Opportunities for market participants in the malt extract are on the rise owing to increasing demand for sugar substitutes. Competitive pricing, and numerous manufacturing benefits are also boosting food manufacturers to opt for malt extract. Rise in alcohol consumption owing to lifestyle changes worldwide has also fueled the demand of malt extract up. The opportunities for malt extract in nutraceutical industry are astonishing due to fewer market players. Easy availability of raw materials, and lower processing cost offers opportunities to new market players. Moreover, owing to rising demand for malted barley and malted wheat in various applications, the need for similar alternatives is gaining traction across North America. The shortage of barley and wheat malt can be averted by using other grains for instance rice; however, the substitute grains don’t hold the same nutritional or fermentation and other qualities such as that of wheat and barley, and hence cannot be incorporated as a straight substitute, thereby boosting the market growth to a greater extent. Additionally, today’s consumers have shifted their preference towards organic and natural food products, with a focus on the numerous health benefits such types of food offer. Moreover, strict government regulations on food additives are presently a major concern for food processers and manufacturers. Owing to this, companies operating in food and beverage industry are focusing on producing clean label products by not using or limiting food additives and increasing the adoption of natural food colors and flavors as substitutes to synthetic food additives.
COVID-19 pandemic has affected industries and economies in various countries due to lockdowns, business shutdowns, and travel bans. The US has the highest number of confirmed cases of coronavirus, as, compared to Canada and Mexico. This is likely to affect the rail transport in the region as, due to the COVID-19 outbreak, the supply and distribution chain is likely to get affected. In addition, the overall manufacturing processes, research, and development activities will also affect market growth.
The market for malt extracts is segmented into form, nature, and application. Based on form, the market is segmented into liquid and powder. In 2018, The North America malt extracts market was dominated by the liquid segment. Based on nature, the malt extracts market is divided into organic and conventional. Organic segment is expected to the fastest growing segment over the forecast period. Based on application, the malt extracts market is segmented into food, beverages, pharmaceuticals, and others. The beverages segment held the largest share in 2018 and it is projected to continue its dominance over the forecast period.
A few major primary and secondary sources referred to for preparing this report on the malt extracts market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Maltexco S.A.; Malteurop Group; Ireks Gmbh; Malt Products Corporation; United Malt Group; Groupe Soufflet; Muntons Plc; Boortmalt N.V.; Rahr Corporation; Complementos Alimenticios, SA de CV; and Liotecnica among others.
The North America Malt Extracts Market is valued at US$ 217.00 Million in 2018, it is projected to reach US$ 361.87 Million by 2027.
As per our report North America Malt Extracts Market, the market size is valued at US$ 217.00 Million in 2018, projecting it to reach US$ 361.87 Million by 2027. This translates to a CAGR of approximately 6.0% during the forecast period.
The North America Malt Extracts Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Malt Extracts Market report:
The North America Malt Extracts Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Malt Extracts Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Malt Extracts Market value chain can benefit from the information contained in a comprehensive market report.
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