Global Malt Ingredients Market 2017-2021
About Malt Ingredients
Malt ingredients are used to impart flavor and color to end products. These ingredients are also used to modify and stabilize the texture of food and beverages. They also find use in a wide range of beverages, especially in the production of alcoholic beverages. The demand for malt ingredients is expected to increase in developing regions where consumer spending on alcohol is rising.
Technavio’s analysts forecast the global malt ingredients market to grow at a CAGR of 7.08% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global malt ingredients market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Malt Ingredients Market 2017-2021
Technavio recognizes the following companies as the key players in the global malt ingredients market: Boortmalt, Cargill, GrainCorp, Malteurop Group, and Soufflet Group.
Other Prominent Vendors in the market are: Agraria, Axereal, Bairds Malt, Barmalt, Briess Malt & Ingredients, Cofco Malt, Country Malt, Crisp Malting, Dalian Xingze, EDME, Global Malt, Ireks, Malt Products, Muntons, PureMalt, Rahr Malting, Simpsons Malt, Supertime, Viking Malt, and Yancheng Chunlei Malting.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is evolving taste preferences of consumers. Consumers' taste preferences for alcoholic beverages are evolving. Consumers, especially younger population, are eager to experiment and constantly seek different and innovative flavors.”
According to the report, one driver in the market is growing demand for malt ingredients in food sector. One of the growth drivers of global malt ingredients market is the increasing demand for malt ingredients in food sector. Increasing consumer demand for balanced and fortified diet has forced food companies to come up with products with unique flavor, freshness, and reduced additives. Malt ingredients are a natural and good source of flavor, sweetness, and color.
Further, the report states that one challenge in the market is fluctuating prices of raw materials. The fluctuating prices of raw materials can have a significant impact on the prices of finished goods, i.e. alcohol beverages, which can hamper the consumption of these beverages. Low consumption leads to decreased production and consequently lowers the demand for malt ingredients. The raw materials used to manufacture alcohol ingredients are in limited supply.
Boortmalt, Cargill, GrainCorp, Malteurop Group, Soufflet Group, Agraria, Axereal, Bairds Malt, Barmalt, Briess Malt & Ingredients, Cofco Malt, Country Malt, Crisp Malting, Dalian Xingze, EDME, Global Malt, Ireks, Malt Products, Muntons, PureMalt, Rahr Malting, Simpsons Malt, Supertime, Viking Malt, and Yancheng Chunlei Malting.
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