Global Liquid Malt Extracts Sales Market Size By Type (Light Malt Extract, Amber Malt Extract), By Application (Beer, Malt Beverages), By Region, And Segment Forecasts, 2023 to 2032
Report Id: 11390 | Published Date: Feb 2023 | No. of Pages: | Base Year for Estimate: Feb 2023 | Format:
The Global Liquid Malt Extracts Sales Market was valued at USD 4.2 billion in 2023 and is projected to reach USD 6.7 billion by 2031, expanding at a CAGR of 6.0% during the forecast period (2023–2031). This market growth is primarily driven by the increasing demand for natural and functional food ingredients, rising consumption of craft beer and baked products, and the growing popularity of clean-label food items. Liquid malt extracts are widely used across the food & beverage industry for their rich flavor profile, nutritional value, and versatility in food processing.
Drivers:
1. Rising Demand for Functional and Natural
Ingredients:
Consumers are increasingly seeking natural
and nutrient-rich food products. Liquid malt extracts, known for being
minimally processed and additive-free, are experiencing higher demand as
clean-label trends continue to dominate the food and beverage sector.
2. Growth of the Craft Beer Industry:
The craft brewing movement is flourishing
globally. Liquid malt extracts provide a convenient, high-quality base for
small-scale and homebrewers, supporting the surge in microbrewery
establishments.
3. Expanding Application in Bakery and
Confectionery:
Liquid malt extracts enhance taste, improve
texture, and extend shelf life in bakery and confectionery products. This
multipurpose functionality has led to a sharp increase in its utilization
across artisanal and commercial bakery applications.
Restraints:
1. Limited Shelf Life and Storage
Challenges:
Liquid malt extracts are sensitive to
temperature and humidity, necessitating specific storage conditions to maintain
quality and prevent microbial contamination, thereby posing logistical
challenges.
2. Availability of Substitute Ingredients:
The availability of cost-effective
alternatives such as corn syrup, glucose syrup, and artificial sweeteners could
hinder the growth of the liquid malt extracts market, especially in
price-sensitive segments.
Opportunity:
1. Expansion in Nutraceutical and
Health-Focused Products:
The rise in demand for nutritional and
dietary supplements offers untapped growth potential for liquid malt extract
manufacturers. The product’s natural vitamin and mineral content can be leveraged
in health drinks and energy formulations.
2. Emerging Markets with Growing
Middle-Class Consumption:
Countries across Asia-Pacific and Latin
America are witnessing increased spending on premium and healthier food
choices, creating new opportunities for malt extract producers to expand
geographically.
Market
by System Type Insights:
Based on system type, the Barley-Based
Liquid Malt Extracts segment dominated the market in 2023 due to its widespread
use in brewing and baking. Barley-based extracts offer a rich source of enzymes
and fermentable sugars essential for beer production, making it the preferred
base among both industrial and artisanal brewers.
Market
by End-use Insights:
In 2023, the Food & Beverage segment
accounted for the largest share of the liquid malt extracts sales market. The
segment includes applications in bakery, confectionery, cereals, beverages, and
dairy. The demand is particularly strong for naturally sweetened and
clean-label formulations, which are widely gaining traction among
health-conscious consumers.
Market
by Regional Insights:
Europe held the dominant position in the
global liquid malt extracts sales market in 2023, driven by the region’s
deep-rooted beer culture and strong bakery sector. Meanwhile, the Asia-Pacific
region is expected to witness the fastest growth rate during the forecast
period due to increasing urbanization, rising disposable income, and growing
demand for processed food.
Competitive
Scenario:
Key players operating in the global market
include Muntons plc, Briess Malt & Ingredients Co., Barrett Burston Malting
Co., Maltexco S.A., Döhler Group, Cargill, Incorporated, GrainCorp Limited, and
Global Malt GmbH & Co. KG. These companies are actively engaging in
capacity expansion, innovation in product formulation, and geographic
diversification to strengthen their market positions.
Scope
of Work – Global Liquid Malt Extracts Sales Market
|
Report
Metric |
Details |
|
Market Size (2023) |
USD 4.2 Billion |
|
Projected Market Size (2031) |
USD 6.7 Billion |
|
CAGR (2023–2031) |
6.0% |
|
Market Segments |
By System Type (Barley-Based,
Wheat-Based), By End-Use (Food & Beverage, Pharmaceuticals, Animal Feed) |
|
Growth Drivers |
Rising demand for clean-label
ingredients, growth in craft brewing, increased use in bakery applications |
|
Opportunities |
Entry into nutraceuticals, emerging
markets expansion |
Key
Market Developments:
2023: Muntons plc launched a new organic
barley malt extract tailored for natural energy drink manufacturers.
2024: Briess Ingredients expanded its malt processing
capacity in Wisconsin to meet the rising demand from North American craft
breweries.
2025: Döhler Group announced a partnership
with an Asian food conglomerate to distribute liquid malt extracts for
functional beverages in emerging markets.
FAQs:
1) What is the current market size of the
Global Liquid Malt Extracts Sales Market?
The market was valued at USD 4.2 billion in
2023.
2) What is the major growth driver of the
Global Liquid Malt Extracts Sales Market?
The major driver is the increasing demand
for natural and functional ingredients in food and beverages.
3) Which is the largest region during the
forecast period in the Global Liquid Malt Extracts Sales Market?
Europe held the largest share in 2023,
while Asia-Pacific is expected to grow the fastest.
4) Which segment accounted for the largest
market share in Global Liquid Malt Extracts Sales Market?
The Food & Beverage segment accounted
for the largest market share in 2023.
5) Who are the key market players in the
Global Liquid Malt Extracts Sales Market?
Key players include Muntons plc, Briess
Malt & Ingredients, Döhler Group, Cargill Inc., and GrainCorp Limited.
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