According to the latest report by IMARC Group, titled “Malt Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, The global malt ingredients market share is expected to grow at a CAGR of around 5% during 2019-2024.
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Malt ingredients are food additives, which are employed for enhancing the flavor and color of different food products and beverages. As they are low in fat and rich in fiber, carbohydrates, protein and vitamins, they are widely utilized in the preparation of whiskey, beer, malt vinegar and malted shakes. Besides this, they are also used in the production of biscuits, cookies, snack bars, milk powder, pastries and nutritional syrups.
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The increasing consumption of alcoholic drinks, including beer, represents one of the major factors driving the global malt ingredients market growth. Additionally, malt ingredients such as barley are extensively utilized in the food and beverage sector in the preparation of cookies and cakes. Also, malt is a good source of enzymes and vitamins and aids in extending the shelf life of various food and beverage products. Rising disposable income of consumers, the rising trend of social gatherings and parties and the introduction of innovative flavor variants are some of the other factors that are further creating a positive outlook for the market.
Key Market Segmentation:
Breakup by Type:
1. Dry Malt
2. Liquid Malt
3. Malt Flour
Breakup by Source:
Breakup by Grade:
1. Standard Malt
2. Specialty Malt
Breakup by Application:
1. Alcoholic Beverages
2. Non-Alcoholic Beverages
3. Food Products
Breakup by Region:
2. Asia Pacific
3. North America
4. Middle East and Africa
5. Latin America
The report has also analysed the competitive landscape of the market with some of the key players in Malt Ingredients Market GrainCorp Limited, Axéréal Group, Malteurop Group, Soufflet Group, Crisp Malting Group, Ireks GmbH, Muntons PLC, Simpsons Malt Ltd., etc.
Key highlights of the report:
1. Market Performance
2. Market Outlook
3. Porter’s Five Forces Analysis
4. Market Drivers and Success Factors
5. SWOT Analysis
6. Value Chain
7. Competitive Structure
8. Profiles of Key Players
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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This post was originally published on Analytics News