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Add to CartGlobal Malt Extracts Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product Type;
Standard, and Speciality.By Source;
Barley, Wheat, Rice, and Rye.By Form;
Dry, and Liquid.By Application;
Bakery, Confectionary, Beverages, Animal Feed, and Pharmaceuticals.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Malt Extracts Market (USD Million), 2021 - 2031
In the year 2024, the Global Malt Extracts Market was valued at USD 1,081.18 million. The size of this market is expected to increase to USD 1,501.16 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.8%.
The global malt extracts market has witnessed steady growth in recent years, driven by rising consumer demand for natural and minimally processed food ingredients. Malt extracts, derived from barley and other grains, are widely recognized for their unique flavor-enhancing properties, nutritional benefits, and versatility across various applications. The growing awareness of clean-label products and the increasing shift toward plant-based diets have further propelled the adoption of malt extracts in the food and beverage industry. From enhancing the taste and texture of bakery products to serving as a natural sweetener in beverages, malt extracts are becoming indispensable in the development of innovative and health-focused products.
Emerging trends in the global market indicate a significant rise in the use of malt extracts in health and wellness products, including nutritional supplements, sports nutrition, and functional foods. Their rich content of essential vitamins, minerals, and antioxidants makes them a preferred choice for consumers seeking healthier dietary options. Additionally, the increasing prevalence of lifestyle diseases such as obesity and diabetes has created a growing demand for sugar alternatives, wherein malt extracts serve as a natural and low-glycemic index option. Key players in the market are leveraging these trends to innovate and diversify their product portfolios, catering to the evolving preferences of health-conscious consumers.
Regionally, the malt extracts market is experiencing robust growth across North America, Europe, and Asia-Pacific, driven by diverse factors such as the popularity of craft beer, a burgeoning food and beverage industry, and rising disposable incomes. The rapid expansion of urbanization and the growing influence of Western dietary habits in emerging economies have also contributed to the market's growth trajectory. Technological advancements in the production and processing of malt extracts are expected to further enhance their quality and applications, providing lucrative opportunities for stakeholders in the market. As the global malt extracts market continues to grow, it is poised to play a critical role in shaping the future of the food and beverage industry.
Global Malt Extracts Market Recent Developments
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In February 2020, BSG entered into a partnership with Leopold Bros. (US) to distribute a new line of small-batch, handmade malts. Through this, it can enter into the emerging craft brewing and handmade beer markets.
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In March 2019, Groupe Soufflet established a malt house in Addis Ababa, Ethiopia. It is aimed at developing a local industry, which can increase the production capacity to 110,000 tons.
Segment Analysis
The product type segment of the global malt extracts market is divided into standard and specialty products. Standard malt extracts, widely utilized in traditional applications such as brewing and baking, dominate the market due to their affordability and extensive availability. On the other hand, specialty malt extracts are experiencing rapid growth driven by their tailored applications in premium products like craft beverages, artisanal bakery items, and health-focused offerings. The rising demand for unique flavors and textures in food and beverages is further propelling the growth of specialty malt extracts.
In terms of source, barley remains the most popular choice, accounting for the largest share of the malt extracts market. Its high enzymatic activity and adaptability in brewing and baking applications make it a preferred option. Wheat-based malt extracts are also gaining traction, especially in the health food and specialty bakery segments, owing to their protein content and mild flavor profile. Meanwhile, rice and rye malt extracts cater to niche markets, including gluten-free and region-specific products, which are expanding steadily due to rising consumer dietary preferences.
The market is segmented by form into dry and liquid malt extracts. Dry malt extracts are widely favored for their longer shelf life, ease of storage, and broad application in dry mixes and powders, such as baking and pharmaceutical products. Liquid malt extracts, though less commonly used, play a vital role in brewing and specialty beverage formulations due to their concentrated flavor and ease of integration into liquid products. The preference for each form varies by application, but both segments exhibit steady growth.
The application and geography segments reveal the diverse utilization of malt extracts. The bakery and confectionery industries drive significant demand due to the growing preference for natural sweeteners and flavor enhancers. Beverages, particularly beer and non-alcoholic malt-based drinks, are also key contributors to the market. In terms of geography, North America and Europe lead the market due to well-established food and beverage industries and consumer preference for premium products. Asia Pacific is emerging as a lucrative region, driven by the increasing demand for bakery and health-oriented products, while Latin America and the Middle East & Africa present growth opportunities due to expanding urbanization and changing dietary patterns.
Global Malt Extracts Segment Analysis
In this report, the Global Malt Extracts Market has been segmented by Product Type, Source, Form, Application and Geography.
Global Malt Extracts Market, Segmentation by Product Type
The Global Malt Extracts Market has been segmented by Product Type into Standard and Speciality.
The global malt extracts market has been segmented into two main product types: standard and specialty. Standard malt extracts are widely used across various applications due to their cost-effectiveness, consistent quality, and versatility. They are commonly utilized in brewing, baking, and confectionery, offering a reliable ingredient for flavor and texture enhancement. These extracts cater to a broad range of consumers and industries, making them a staple in the market.
Specialty malt extracts, on the other hand, are tailored to meet specific needs and applications. They are designed to provide unique flavors, colors, or nutritional profiles, catering to niche markets such as craft brewing, premium baked goods, and health-focused food products. These extracts often appeal to manufacturers looking to differentiate their offerings and meet the growing demand for innovative and high-quality products.
The segmentation by product type allows market players to cater to diverse consumer demands and adapt to evolving industry trends. While standard malt extracts dominate in terms of volume due to their widespread applications, the specialty segment is witnessing significant growth driven by consumer preferences for unique and premium products. This dual segmentation ensures the market remains dynamic and responsive to both mainstream and specialized needs.
Global Malt Extracts Market, Segmentation by Source
The Global Malt Extracts Market has been segmented by Source into Barley, Wheat, Rice and Rye.
The global malt extracts market is categorized based on the source of raw materials used in its production. One of the key segments is barley, which is widely recognized as the most commonly used grain in malt extract manufacturing. Barley malt is highly preferred due to its optimal enzyme activity, rich flavor, and broad applicability in the food and beverage industries, particularly in brewing and confectionery products. Its versatility and robust processing properties have made it a cornerstone in the market.
Another prominent segment is wheat-based malt extracts, which have gained traction due to their mild flavor and ability to enhance texture and mouthfeel in various food applications. Wheat malt is commonly utilized in the production of baked goods, breakfast cereals, and non-alcoholic beverages. Its nutritional benefits, such as being a source of essential vitamins and minerals, have also contributed to its growing popularity, particularly in the health-conscious consumer market.
Additionally, rice and rye are other noteworthy sources in the malt extracts market. Rice-based malt extracts are valued for their light color and neutral flavor, making them ideal for use in light beers and gluten-free products. On the other hand, rye malt extracts offer a distinctive, robust flavor and are often used in specialty beers and artisanal bakery products. These alternative sources provide diversity and cater to niche market demands, expanding the overall appeal of malt extracts globally.
Global Malt Extracts Market, Segmentation by Form
The Global Malt Extracts Market has been segmented by Form into Dry and Liquid.
The global malt extracts market is categorized based on form into two primary segments: dry and liquid. Dry malt extracts are widely preferred in industries such as brewing, baking, and confectionery due to their long shelf life and ease of storage. These extracts are known for their concentrated flavor and are often used as a sweetener or flavor enhancer in various food products. Their powder form makes them convenient for transportation and integration into recipes without altering the texture of the final product.
On the other hand, liquid malt extracts are valued for their rich taste and natural sweetness, making them a popular choice in beverage production, especially in craft brewing. The liquid form allows for easier mixing in brewing processes and enhances the depth of flavor in beverages. Additionally, liquid malt extracts are used in health and nutritional products due to their high maltose content, which serves as an energy source. This form is also ideal for applications where maintaining a liquid consistency is essential.
Both forms have distinct advantages and are utilized across a variety of applications, reflecting their versatility in the food and beverage industry. While dry malt extracts cater to the need for convenient storage and handling, liquid malt extracts provide superior flavor profiles and are often preferred in specialized production processes. The choice of form largely depends on the specific requirements of the end-use industry, with both segments contributing significantly to the growth of the global malt extracts market.
Global Malt Extracts Market, Segmentation by Application
The Global Malt Extracts Market has been segmented by Application into Bakery, Confectionary, Beverages, Animal Feed and Pharmaceuticals.
The global malt extracts market has been divided into several key application segments, each serving distinct industries and consumer needs. One of the primary applications is in bakery products, where malt extracts are widely used to enhance flavor, texture, and color. They are particularly valued in bread, biscuits, and pastries for their ability to impart a natural sweetness and contribute to a rich, appealing crust. This segment continues to benefit from the growing consumer preference for natural and wholesome ingredients in baked goods.
Another significant segment is confectionery, where malt extracts play a role in creating candies, chocolates, and other sweet treats. Their natural sweetness, combined with nutritional benefits such as vitamins and minerals, makes them a popular choice in premium and health-conscious confectionery products. Additionally, the beverages segment includes applications in beer brewing and non-alcoholic malt beverages, where malt extracts provide flavor, aroma, and fermentation benefits. The global demand for craft beers and health-focused beverages has further driven the growth of this segment.
Beyond food and beverages, malt extracts find applications in animal feed and pharmaceuticals. In the animal feed industry, they are used as natural flavor enhancers and nutritional supplements, improving feed palatability and supporting animal health. In the pharmaceutical sector, malt extracts are valued for their role in health supplements and tonics, leveraging their energy-boosting and nutritive properties. These diverse applications demonstrate the versatility of malt extracts across multiple industries, driven by consumer demand for natural and functional ingredients.
Global Malt Extracts Market, Segmentation by Geography
In this report, the Global Malt Extracts Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Malt Extracts Market Share (%), by Geographical Region, 2024
The North American region dominates the global malt extracts market, driven by the rising demand for craft beers and premium alcoholic beverages. The United States, being a significant player in this region, contributes heavily due to its well-established brewing industry and increasing consumer preference for natural and organic ingredients. Furthermore, malt extracts find applications in the health and wellness sector, including protein bars and nutritional supplements, reflecting the region's health-conscious trends. The growing popularity of homebrewing kits in North America also fuels market growth, bolstered by advanced brewing technologies and easy access to high-quality raw materials.
In Europe, the malt extracts market benefits significantly from its traditional beer culture and the presence of globally renowned breweries. Countries like Germany, Belgium, and the UK are leading contributors, with malt extracts being a staple ingredient in their diverse beer styles. Beyond beverages, malt extracts are extensively used in the region's bakery and confectionery industries, aligning with Europe’s strong culinary heritage. Moreover, the increasing adoption of clean-label and non-GMO products has driven demand for natural malt-based sweeteners and flavoring agents, making Europe a critical market for malt extracts.
The Asia-Pacific region is emerging as a high-growth market, attributed to rapid urbanization, changing consumer lifestyles, and the rising influence of Western food and beverage trends. China and India are key contributors, with expanding breweries and a growing preference for malt-based health drinks and snacks. The market is also bolstered by the region's burgeoning bakery and confectionery sectors, where malt extracts are favored for their nutritional and functional properties. Additionally, the rising disposable incomes and the younger demographic’s increasing inclination toward premium alcoholic beverages further amplify the demand in Asia-Pacific.
In Latin America, the Middle East, and Africa (LAMEA), the malt extracts market is gradually gaining traction, driven by an evolving food and beverage industry. Countries like Brazil and South Africa are witnessing increased adoption of malt-based ingredients due to their affordability and versatility. The Middle East showcases significant demand for non-alcoholic malt beverages, catering to religious and cultural preferences. Meanwhile, rising awareness of malt extracts’ nutritional benefits is encouraging their use in various health-focused products across these regions. Despite some challenges, such as limited infrastructure and economic volatility, LAMEA presents untapped potential for market players seeking expansion.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Malt Extracts Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunities Analysis
Drivers:
- Rising Demand for Natural Ingredients in Food and Beverages
- Increasing Health Awareness and Preference for Nutritional Products
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Growing Applications in Bakery, Confectionery, and Beverage Industries- The global malt extracts market is experiencing significant growth, driven by several key factors across diverse industries, particularly in bakery, confectionery, and beverages. One major driver is the increasing demand for natural ingredients, as consumers become more health-conscious and prefer clean-label products. Malt extracts, derived from barley, are considered natural sweeteners, offering an alternative to synthetic sweeteners in bakery and confectionery items. This trend toward natural and organic ingredients has spurred the use of malt extracts in various food products, as they provide a natural source of sweetness, flavor, and texture.
In the beverage industry, the growing preference for low-calorie, nutritious drinks is fueling the demand for malt extracts. These extracts are often used in the production of health drinks, energy drinks, and flavored beverages, owing to their ability to enhance flavor and act as a natural source of nutrients like vitamins and minerals. Moreover, the rise in craft brewing and the increasing popularity of non-alcoholic and alcoholic beverages made with malt-based ingredients have further stimulated the malt extracts market. The versatility of malt extracts in various beverage formulations continues to support market expansion.
The increasing trend of innovation in the bakery and confectionery sectors is another important driver. Manufacturers are incorporating malt extracts into new product formulations to meet consumer preferences for products with improved taste, texture, and nutritional profiles. Additionally, malt extracts contribute to the browning of products and the development of a desirable texture, making them popular in products such as cakes, cookies, and biscuits. As consumers seek convenience and high-quality products, the bakery and confectionery sectors are increasingly relying on malt extracts for better product formulations, further boosting the market.
Restraints:
- Fluctuations in Raw Material Prices
- Stringent Regulatory Standards on Food Additives
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Competition from Synthetic Alternatives- The global malt extracts market faces significant competition from synthetic alternatives, which act as a major restraint to its growth. Synthetic flavorings and additives, which can mimic the taste and functional properties of malt extracts, are widely available and often come at a lower production cost. These alternatives are particularly appealing to manufacturers in the food and beverage sector who are focused on reducing costs while maintaining product appeal. Their extended shelf life and ease of storage further enhance their competitiveness, making them a preferred choice for some producers over natural malt extracts.
The versatility of synthetic alternatives poses a challenge to malt extracts. Synthetic ingredients can be engineered to meet specific requirements, such as replicating malt’s sweetness, color, and texture, without the complexity of the malting process. This flexibility allows them to cater to a broader range of applications, including non-traditional uses, where natural malt extracts might not be suitable. Additionally, as consumer preferences shift towards more diverse and innovative products, manufacturers find synthetic options more adaptable, further hampering the demand for natural malt extracts.
The market for malt extracts still holds potential due to the rising trend of clean-label products and consumer preference for natural ingredients. Despite the competition from synthetic substitutes, the growing awareness about the health and nutritional benefits of malt extracts, such as their richness in vitamins, minerals, and natural sweetness, provides an opportunity for the market to counteract the restraints. By emphasizing the authenticity, sustainability, and health benefits of malt extracts, manufacturers can differentiate their offerings and carve a niche among health-conscious and environmentally aware consumers.
Opportunities:
- Emerging Markets with Growing Food and Beverage Industries
- R&D in Developing Gluten-Free and Organic Malt Extracts
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Increasing Demand for Plant-Based and Vegan-Friendly Ingredients- The growing consumer preference for plant-based and vegan-friendly diets presents a significant opportunity for the global malt extracts market. As individuals become more health-conscious and environmentally aware, there is a rising demand for natural, sustainable, and non-animal-derived ingredients in food and beverages. Malt extracts, derived primarily from barley and other cereals, align perfectly with these dietary preferences. They are not only plant-based but also rich in essential nutrients, making them a favored ingredient in vegan and plant-based products such as snacks, baked goods, and beverages. This shift in consumer behavior creates an expanding market segment for malt extracts.
In addition, the clean-label trend has bolstered the appeal of malt extracts in plant-based formulations. Modern consumers demand transparency about the ingredients in their food, favoring products free from artificial additives, preservatives, and animal-derived components. Malt extracts serve as natural sweeteners, flavor enhancers, and sources of color, fulfilling these requirements while enhancing the sensory appeal of plant-based products. Manufacturers in the malt extracts market are increasingly exploring collaborations with plant-based food and beverage brands, aiming to capitalize on this synergy and drive growth.
The surge in veganism and flexitarian diets is influencing innovation in alternative protein and dairy-free products, where malt extracts can play a critical role. For example, malt extracts are being used to enhance the taste and texture of plant-based meat and dairy substitutes, ensuring they mimic traditional counterparts while adhering to vegan-friendly standards. As the plant-based food sector continues its exponential growth, the demand for versatile and functional ingredients like malt extracts is likely to accelerate, opening new avenues for market expansion globally.
Competitive Landscape Analysis
Key players in Global Malt Extracts Market include:
- Axereal
- IREKS GmbH
- Dhler GmbH
- VIVESCIA
- Polttimo Oy
- Malt Products Corporation
- Ets J. Soufflet
- Simpsons Malt
- Muntons Plc.
- GrainCorp
- Malteurop
- Crisp Malt
- Nestl S.A.
- Harboes Bryggeri A/S
- HuajiaFoodTechnology (Shanghai)Co,Ltd.
- PUREMALT PRODUCTS LTD.
- Senson
- CereX
- Briess Malt & Ingredients
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By Source
- Market Snapshot, By Form
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Malt Extracts Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Rising Demand for Natural Ingredients in Food and Beverages
- Increasing Health Awareness and Preference for Nutritional Products
- Growing Applications in Bakery, Confectionery, and Beverage Industries
- Restraints
- Fluctuations in Raw Material Prices
- Stringent Regulatory Standards on Food Additives
- Competition from Synthetic Alternatives
- Opportunities
- Emerging Markets with Growing Food and Beverage Industries
- R&D in Developing Gluten-Free and Organic Malt Extracts
- Increasing Demand for Plant-Based and Vegan-Friendly Ingredients
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Malt Extracts Market, By Product Type, 2021 - 2031 (USD Million)
- Standard
- Speciality
- Global Malt Extracts Market, By Source, 2021 - 2031 (USD Million)
- Barley
- Wheat
- Rice
- Rye
- Global Malt Extracts Market, By Form, 2021 - 2031 (USD Million)
- Dry
- Liquid
- Global Malt Extracts Market, By Application, 2021 - 2031 (USD Million)
- Bakery
- Confectionary
- Beverages
- Animal Feed
- Pharmaceuticals
- Global Malt Extracts Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Malt Extracts Market, By Product Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Axereal
- IREKS GmbH
- Dhler GmbH
- VIVESCIA
- Polttimo Oy
- Malt Products Corporation
- Ets J. Soufflet
- Simpsons Malt
- Muntons Plc.
- GrainCorp
- Malteurop
- Crisp Malt
- Nestl S.A.
- Harboes Bryggeri A/S
- HuajiaFoodTechnology (Shanghai)Co,Ltd.
- PUREMALT PRODUCTS LTD.
- Senson
- CereX
- Briess Malt & Ingredients
- Company Profiles
- Analyst Views
- Future Outlook of the Market