South 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 South 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$ 75.05 Million |
| Market Size by 2027 | US$ 117.89 Million |
| Global CAGR (2019 - 2027) | 5.2% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Form
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South 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 SAM is expected to reach US$ 117.89 million by 2027 from US$ 75.05 million in 2018; it is expected to grow at a CAGR of 5.2% from 2019 to 2027. The surging consumption of craft beer among the millennial population is the key factor driving the SAM malt extracts market. An increasing number of lounges, breweries, and bars is boosting the growth of this market. The rise in the millennial population is anticipated to create a lucrative opportunity for craft beer in the forecast period. The per capita consumption of beer is substantially high, and craft beer is no expectation. As from the total beer market, the craft beer market holds nearly 15% market share. The growth of the Gen Y and Gen X population has also incited the demand for craft beer. Depending upon the brewer’s formulation, the beer producers are adding a variable amount of malt extracts, which boosts the growth of the market. Besides, increasing demand for natural ingredients is expected to create high potential opportunities for malt extract manufacturers. Opportunities for market participants in the malt extract are rising due to the increasing demand for sugar substitutes. Competitive pricing and numerous manufacturing benefits are also boosting food manufacturers to opt for malt extract. However, seasonal variations and quality of barley is the major restraint for the growth of the malt extracts market.
COVID-19 pandemic has affected industries and economies in various countries due to lockdowns, business shutdowns, and travel bans. Brazil has the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina. The government of SAM has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that SAM will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the United States, which are important trade partners. Containment measures in several SAM countries will reduce economic activity in the manufacturing sectors for at least the next quarter, with a rebound once the epidemic is contained.
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 SAM 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 be 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 SAM 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., Ireks Gmbh, Groupe Soufflet, Malt Products Corporation, Muntons Plc, CALSA SA, and Liotecnica among others.
The South America Malt Extracts Market is valued at US$ 75.05 Million in 2018, it is projected to reach US$ 117.89 Million by 2027.
As per our report South America Malt Extracts Market, the market size is valued at US$ 75.05 Million in 2018, projecting it to reach US$ 117.89 Million by 2027. This translates to a CAGR of approximately 5.2% during the forecast period.
The South 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 South America Malt Extracts Market report:
The South America Malt Extracts Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Malt Extracts Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Malt Extracts Market value chain can benefit from the information contained in a comprehensive market report.
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