Dry Malt Products Market

Dry Malt Products Market Snapshot

The global dry malt products market size is expected to reach US$ 396.3 Million in 2022 and exhibit immense growth at a CAGR of 11.5% in the forecast period from 2022 to 2032. Rising demand for beer and other alcoholic beverages from both developed and developing countries is set to augment sales of dry malt products in future. As per FMI, the dry malt products market is likely to be valued at US$ 761.9 Million in 2032.

Report Attribute	Details
Dry Malt Products Market Estimated Base Year Value (2021)	US$ 248.1 Million
Dry Malt Products Market Expected Market Value (2022)	US$ 396.3 Million
Dry Malt Products Market Anticipated Forecast Value (2032)	US$ 761.9 Million
Dry Malt Products Market Projected Growth Rate (2022-2032)	11.5% CAGR

Dry malt is considered to be one of the most popular cereal grains that is produced by using barley. The barley is usually soaked in water and then dried in hot water, which enables germination of barley.

This process of malting allows the starches present in the grain to turn into sugars, such as fructose and glucose. Increasing demand for dry malt products for usage in animal feed, baby food, and pharmaceutical products is expected to boost the market.

Moreover, the easy availability of various types of malts with grains, such as rye, wheat, soybean, and barley is another crucial factor that is likely to spur growth. The moisture content of the liquid malt is usually taken out with the help of the unique spray drying equipment.

As compared to liquid malt, dry malt is long lasting and is available in the fine powder form. Ongoing expansion of the food and beverage industry and the high demand for organic colors and flavors in this industry are also anticipated to bode well for the global market.

How is the Food and Beverage Industry Pushing the Dry Malt Products Market Growth?

Increasing demand for natural and organic ingredients in food and beverages is a major factor that is set to push the global dry malt products market growth in the evaluation period. Rising awareness among consumers regarding the benefits of adopting healthy lifestyles is another crucial factor that is likely to aid growth.

Increasing usage of dry malt products in beer and alcoholic beverages for preventing the formation of cindery, thin, or dry flavors is also expected to bode well for the global market. Surging number of breweries across the globe owing to rising disposable income and changing lifestyles of people is projected to boost growth in future years.

Which Factors May Hamper the Dry Malt Products Market Growth?

The lack of knowledge about the availability of organic ingredients in underdeveloped countries is a crucial factor that may hamper the demand for dry malt products in the upcoming years. Besides, the excessive consumption of alcoholic beverages, such as beer can lead to obesity, heart diseases, and hypertension among people. These downsides of beer may decline its consumption, thereby obstructing sales in the market.

Is the High Demand for Premium Beverages Driving the North America Dry Malt Products Market?

Based on region, North America is likely to remain at the forefront by accounting for the largest dry malt products market share in the assessment period. This growth is attributable to the presence of a well-established beverage industry across the U.S. and Canada.

Rising demand for premium products and growing young–adult demographic in North America are a couple of other factors that are set to propel growth. In addition to that, increasing number of supermarkets/hypermarkets in major cities and rapid urbanization are expected to drive the North America market.

How is the Expansion of E-commerce Sector Propelling the Asia Pacific Dry Malt Products Market?

In Asia Pacific, sales of dry malt products are expected to surge at a fast pace over the forthcoming years. Increasing consumption of premium beers in full-service restaurants and bars by millennials and aging populations across China, South Korea, India, and Japan is projected to foster the regional market.

Apart from that, the rapid expansion of the e-commerce sector and the availability of various apps providing alcohol home delivery services are anticipated to augment the market. The low Alcohol by Volume (ABV) of beer and increasing development of the beverage in numerous innovative flavors are also projected to drive the market.

Market Competition

Some of the leading companies operating in the global dry malt products market include Viking Malt, Malteurop Groupe, Axereal Group, Mahalaxmi Malt Products Pvt. Ltd., Cargill, Crisp Malting Group Malt, Soufflet Group, GrainCorp Limited, Maltexco, Ireks GmbH, Simpsons Malt, and Muntons among others.

The majority of the companies present in the global market are increasingly focusing on mergers and acquisitions with start-up firms to co-develop innovative products and expand their customer base. Meanwhile, a few other key players are aiming to engage in partnerships, joint ventures, new product developments, and agreements to gain a competitive edge in the global market.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 11.5% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2015-2020
Forecast Period	2022-2032
Quantitative Units	Revenue in USD Million, Volume in Kilotons and CAGR from 2022-2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Source Type Application Region
Regions Covered	North America Latin America Western Europe Eastern Europe APEJ Japan Middle East and Africa
Key Countries Profiled	U.S Canada Brazil Argentina Germany U.K France Spain Italy Nordics BENELUX Australia & New Zealand China India ASEAN GCC South Africa
Key Companies Profiled	Viking Malt Malteurop Groupe Axereal Group Mahalaxmi Malt Products Pvt. Ltd. Cargill Crisp Malting Group Malt Soufflet Group GrainCorp Limited Maltexco, Ireks GmbH Simpsons Malt Muntons
Customization	Available Upon Request

Key Segments Profiled in the Dry Malt Products Industry Survey

By Source:

• Wheat
• Rye
• Barley
• Sorghum
• Rice
• Others

By Type:

• Light Dry Malt Extracts
• Amber Dry Malt Extracts
• Black Dry Malt Extracts

By Application:

• Alcoholic Beverages
• Energy & Health Drinks
• Food
• Pharmaceuticals and Animal Feed
• Bread and Bakery Product
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa