Global Malt Raw Material Market Size By Type (Dry Extracts, Liquid Extracts), By Application (Alcoholic Beverage, Food), By Region, And Segment Forecasts, 2023 to 2032

The Global Malt Raw Material Market was valued at approximately USD 10.2 billion in 2023 and is projected to surpass USD 16.7 billion by 2031, growing at a CAGR of 6.1% during the forecast period from 2023 to 2031. Malt raw materials, including barley, wheat, and rye, are essential for various industries such as brewing, distilling, and food processing, owing to their enzymatic and flavor-enhancing properties. The market's growth is primarily driven by the expansion of the global brewing industry, increased demand for craft beverages, and the growing application of malt in food products.

Drivers:

Expansion of the Brewing Industry: The global demand for beer, particularly craft and specialty varieties, is driving demand for high-quality malt raw materials.

Rising Demand for Natural Ingredients: Consumers increasingly prefer natural ingredients, driving demand for malt-based products across food and beverage sectors.

Growth in the Food Industry: Malt is used as a flavor enhancer and preservative, fueling demand in food production for baked goods, confectioneries, and snacks.

Restraints:

Weather-Dependent Agriculture: The reliance on agricultural products like barley and wheat makes the malt market vulnerable to weather conditions and agricultural productivity.

High Production Costs: Advanced malting processes, including kilning and roasting, involve substantial operational costs, impacting profitability.

Opportunity:

Growing Demand for Plant-Based Nutrients: Malt extracts are increasingly used in plant-based products, offering significant growth opportunities as demand for vegan and natural products rises.

Expanding Applications in the Food Industry: The versatility of malt has led to its incorporation in diverse applications, including protein bars, nutritional supplements, and health drinks.

Market by System Type Insights:

Barley is the dominant segment within malt raw materials, accounting for the highest market share in 2023. Known for its enzymatic properties, barley is primarily used in brewing but also finds applications in food and beverage formulations. Wheat is another significant segment, gaining traction due to its unique malting properties that contribute to a smoother, lighter flavor profile in beverages.

Market by End-Use Insights:

The brewing industry emerged as the largest end-use segment in 2023, with craft breweries contributing significantly to the demand for specialized malt varieties. The food industry, however, is expected to exhibit substantial growth, driven by the increasing use of malt in bakery, confectionery, and nutritional products.

Market by Regional Insights:

Europe held the largest market share in 2023, owing to its established brewing industry and the presence of large malt producers. However, the Asia-Pacific region is projected to grow at the highest rate during the forecast period, driven by the growing popularity of malt-based products and the expansion of breweries in countries like China, India, and Japan.

Competitive Scenario:

Key players in the Global Malt Raw Material Market include Malteurop Group, Boortmalt, GrainCorp, Cargill, Inc., Rahr Corporation, and Soufflet Group. These companies are focusing on expanding production capacities, entering new geographical markets, and innovating product portfolios to meet the rising demand. Notable developments include new malting facility establishments and investments in sustainable farming practices for raw material sourcing.

Scope of Work – Global Malt Raw Material Market

Key Market Developments:

2023: Boortmalt invested in a new malting plant in France, enhancing production capacity for sustainable barley-based malts.

2024: Cargill announced a strategic partnership with a major brewing company to supply high-quality malt for craft beers, focusing on sustainable sourcing.

2025: Rahr Corporation introduced an organic malt line to cater to the rising demand for organic ingredients in beverages and food products.

FAQs:

What is the current market size of the Global Malt Raw Material Market?

The market was valued at approximately USD 10.2 billion in 2023.

What is the major growth driver of the Global Malt Raw Material Market?

The expansion of the brewing industry, especially the craft beer segment, is a primary driver.

Which is the largest region during the forecast period in the Global Malt Raw Material Market?

Europe holds the largest market share, though Asia-Pacific is expected to witness the highest growth rate.

Which segment accounted for the largest market share in the Global Malt Raw Material Market?

Barley, as a primary raw material, accounted for the largest share due to its widespread use in brewing and food applications.

Who are the key market players in the Global Malt Raw Material Market?

Major players include Malteurop Group, Boortmalt, GrainCorp, Cargill, Inc., Rahr Corporation, and Soufflet Group.

This report offers an in-depth analysis of the Global Malt Raw Material Market, structured to provide critical insights while adhering to the EETA principles.