The global Wheat Malt market is expected to reach a market valuation of US$ 1,293 million by 2023, recording a CAGR of 3.9% from 2023 to 2033.
A grain called wheat malt is renowned for having more protein than barley malt. The second most popular malted grain in brewing is wheat. Whisky and beer are both made from malted wheat. Malted milkshakes, malt vinegar, and sweets like Whoppers and Maltesers are also made with it. Malted malt has the ability to produce enzymes that break down the starches in grains to create different sugars including monosaccharide glucose and disaccharide maltose. Moreover, wheat grain contains high sources of vitamins, proteins, and minerals.
Wheat Malt Market Size (2023E)
US$ 1,293 million
Wheat Malt Market Projected Size (2033F)
US$ 1,896 million
Value CAGR (2023 to 2033)
3.9%
Top 3 Countries Marketing Share
61.1%
As wheat malt pairs well with light fare and seafood and because summertime consumption of wheat beer increases, it is also used to make beer. Unfortunately, white wheat malt has a high rate of perishability and a limited supply of raw materials.
In our new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights into key factors driving demand for Wheat Malt.
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How Has the Market Progressed So Far in 2022?
Market Statistics
Details
Jan–Jun (H1), 2021 (A)
3.3%
Jul–Dec (H2), 2021 (A)
3.8%
Jan–Jun (H1),2022 Projected (P)
3.8%
Jan–Jun (H1),2022 Outlook (O)
3.5%
Jul–Dec (H2), 2022 Projected (P)
3.9%
Jul–Dec (H2), 2022 Outlook (O)
3.9%
Jan–Jun (H1), 2023 Projected (P)
3.2%
Historic v/s Future Outlook Comparison for Wheat Malt?
If the global consumption of beverages rises, there may be an increase in the demand for wheat malt. In order to boost the demand for and the accessibility of products made from wheat malt around the world, both the regional and global markets are crucial. The research of the manufacture of unconventional healthy wheat malt beverages that can act as an alternative to traditional soft drinks and alcoholic beverages is a result of the growing public awareness of the impacts of malnutrition. When compared to barley malt, wheat malt also contains more protein, which improves the beer's froth quality and other characteristics. The rise in disposable income has allowed for utilization of healthy wheat malt products.
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Alternate Uses of Wheat Grain
Worldwide, it has been noted over the years that wheat consumption has consistently lagged wheat output. This enables the production of wheat malt, which is then usable in the beverage and brewing industries. However, given that the human population is growing at a rapid rate and that wheat consumption will follow suit, this component may fluctuate in the future. Natural disasters like drought can have an impact on the amount of wheat produced, and weather variations can have an impact on the wheat's quality, which can have an impact on the brewing and beverage industries. Weather during the growing and harvesting seasons is crucial since it can impact the nutritional value of the crop.
Comparative View of Associated Market
Wheat Protein Market:
Attributes
Wheat Protein Market
CAGR (2023 to 2033)
4%
Market Value (2023)
US$ 3,432 million
Growth Factor
The primary factors influencing the growth of the wheat protein market are the expansion and growth of the food and beverage industries, the increased emphasis on innovation in the food and beverage industry, the rising consumer awareness of high protein food and beverage products, and rising personal disposable income by major corporations.
Key Trend
In the food and beverage sectors, wheat protein is widely used, particularly in sports foods, nutritional supplements, dairy, baking, and confectionery. Examples include tenderizing, whipping, and foaming.
Specialty Malt Market:
Attributes
Specialty Malt Market
CAGR (2023 to 2033)
4%
Market Value (2023)
US$ 2,912 million
Growth Factor
Specialty malt is a crucial component in the brewing of beer and the creation of beverages with a malt foundation. It is widely used in alcoholic beverages as a flavoring and coloring agent, and it is in high demand.
Key Trend
Numerous key food and beverage sectors utilize specialty malt on a large basis. The main factor driving the expansion of the specialty malt market is the rise in consumption of alcoholic and non-alcoholic products made using malt.
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Country-wise Insights
How the Sales of Wheat Malt Market Shaping in North America?
As there is such a high demand for alcoholic beverages in the North American region, it is one of the most dominant regions in the market. The number of small, independent breweries, microbreweries, and brewpubs increased to 7,346 in 2018, according to data provided by the Brewers Association. Additionally, government initiatives to include new breweries have been boosting market growth, resulting in a double-digit growth in the United States up until 2017.
Why is there a Rising Demand for Wheat Malt in Asia Pacific?
Throughout the course of the projected period, it is anticipated that the Asia Pacific area will grow at the fastest rate. The limits for baking ingredients are not nearly as rigorous in this region of the world as they are in Europe and the United States of America. In the markets of China, India, Japan, and Thailand, this is predominantly increasing demand for bakery and confectionery products. These countries also generate a significant amount of wheat, which will favorably affect the production of malted wheat as a result.
How Big is the European Market for Wheat Malt?
Europe held the top spot in the global market for malted wheat because there were so many global maltsters there, including Bairds, Simpsons, and Warminster in the United Kingdom. Europe is home to several nations with sizable drinking cultures, which helps to explain the high level of alcoholic beverage consumption in the continent as a whole. The trend toward healthier food products that is taking place among the European population may limit the usage of malted wheat to the manufacturing of brewed and distilled alcoholic beverages. As a result, it is projected that the market's growth will be affected throughout the aforementioned period.
Category-wise Insights
Consumption by Bakeries
The highest demand for malted wheat was seen in the bakery and confectionery industries. The main bakery product that used this flour was bread because of its sweet flavor and humectant qualities. Hygroscopic substances called humectants help to keep food moist for a longer period of time. Because the finished product stays wet and fresh for a longer amount of time, this characteristic makes it perfect for creating bread. Because of a rise in demand for bakery items from significant developing nations in the Asia Pacific, Central America, and South America, this market sector is anticipated to maintain its dominance during the forecast period.
Alcoholic Beverages to Facilitate Growth
Due to changes in the brewing sector, the use of malted wheat in the food and beverage industry is predicted to rise at the quickest rate during the next seven years. Maltsters utilize malted wheat and malted barley to enhance the flavor of beer and boost alcoholic beverage consumption. Also, changing the combination of this flour and malted barley produces a variety of colorful alcoholic beverages. Such changes are anticipated to increase the use of alcoholic beverages, driving up product demand in both the food and beverage industries.
Competitive Landscape
Wheat Malt market is only slightly fragmented. The major market players are concentrating on expansion tactics like mergers and acquisitions and extending their distribution networks to increase their market position. The manufacturers in the market used a variety of competitive methods, including product releases, free-from claims, and organic and natural origin claims.
Scope of the Report
Attribute
Details
Forecast Period
2023 to 2033
Historical Data Available for
2018 to 2022
Market Analysis
US$ million for Value and Metric Ton for Volume
Key Regions Covered
North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa
Key Countries Covered
United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others.
Key Segments Covered
Type, Form, End Use, Color, Process, and Region
Key Companies Profiled
Cargill
Briess Malt & Ingredients Co.
Valley Malt
Viking Malt
Great Western Malting
Barrett Burston Malting Co. Pty. Ltd
Simpsons Malt Limited
Gladfield Malt
Crisp Malting
Report Coverage
Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing
Available upon Request
Wheat Malt Market by Category
By Type:
White Malt
Red Malt
By Form:
Powder
Liquid
By End Use:
Beer Industry
Whiskey Distilleries
Food & Beverages
Pharmaceutical
By Color:
White
Dark
By Process:
Base
Crystal
Raw
Roast
Roll/ Flake
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa
Frequently Asked Questions
What is the global Wheat Malt Market reported by FMI for 2023?
The Wheat Malt Market is valued at US$ 1,293 million for 2023.
What is the Wheat Malt Market valuation expected for 2033?
The Wheat Malt Market valuation is expected to be US$ 1,896 million in the year 2023.
What is the projected CAGR for the Wheat Malt Market from 2023 to 2033?
The value of CAGR for the Wheat Malt Market is estimated to be 3.9%.
Which segment type will garner significant value share by 2023?
The beverages segment would garner significant market value share by 2023.
