The global malt extracts and ingredients market is estimated to be valued at USD 17.6 billion in 2020 and is projected to reach USD 20.4 billion by 2025, recording a CAGR of 3%.
The malt extracts market was valued at US$ 815.79 million in 2018 and is projected to reach US$ 1,321.66 million by 2027; it is expected to grow at a CAGR of 5.6% from 2019 to 2027.
The syrup market is valued at USD 2,440.9 million in the current year and is projected to register a CAGR of 5.83% over the forecast period.
The malt extracts and ingredients market is segmented by product (extracts and ingredients), source (soy, wheat, and rye), grade (standard malt and specialty malt), application (beverages, food, and pharmaceuticals), form (dry and liquid), and region.
The syrup market is segmented by type (chocolate syrup, maple syrup, high-fructose corn syrup, rice syrup, malt syrup, tapioca syrup, honey, fruit syrup, and other types), distribution channel (supermarkets/hypermarkets, convenience stores, online retail stores, and other distribution channels), and geography.
The barley malt syrup market is segmented by type (organic and conventional), application (food industry, beverage industry, pharmaceutical industry, and others), and region.
The increasing popularity of craft beer, rising demand for organic malt extracts and ingredients, growing adoption of natural and organic food, increasing health-consciousness among consumers, and the flexibility in syrup formulation are some of the factors driving the market growth.
The presence of readily available substitutes such as spreads, low awareness among consumers regarding the availability, usage, and consumption of malt extracts and ingredients, high cost of organic malt extracts compared to conventional ones, and stringent regulations on the production and labeling of organic products are some of the factors restraining the market growth.
The rising demand for gluten-free products, increasing use of malt extracts in bakery products, growing preference for natural sweeteners over refined sugars, expanding application areas of malt extracts in various industries such as cosmetics and personal care, and the emergence of new flavors and innovations in product development are some of the opportunities and trends in the market.
Asia Pacific is estimated to account for the largest market share in the global malt extracts and ingredients market due to the upsurge in demand for beer among the youth, increasing disposable income, changing lifestyle preferences, growing urbanization, and rising awareness about the health benefits of malt extracts.
North America is expected to grow at the highest CAGR in the global malt extracts market owing to the increasing demand for functional food, increasing health-consciousness among consumers, a prime shift toward healthy lifestyle, and the presence of key players in the region.
Europe is expected to witness significant growth in the global syrup market due to the high consumption of bakery products, beverages, and confectionery items that use syrups as ingredients or toppings.
|Country or Region||Demand||Reason|
|China||High||Largest consumer of beer in the world; increasing demand for organic food products; growing health awareness; rising disposable income|
|US||High||Second-largest consumer of beer in the world; increasing demand for craft beer; growing preference for natural sweeteners; high consumption of bakery products|
|Germany||High||Third-largest consumer of beer in the world; increasing demand for organic food products; high consumption of bakery products; strong presence of malt extract manufacturers|
|UK||Moderate||Fourth-largest consumer of beer in Europe; increasing demand for organic food products; high consumption of bakery products; growing|
(1) The World Market for Malt Extracts & Ingredients, 2020-2025 – GlobeNewswire. https://www.globenewswire.com/news-release/2020/03/19/2003279/0/en/The-World-Market-for-Malt-Extracts-Ingredients-2020-2025-Increasing-Popularity-of-Craft-Beer-Rising-Demand-for-Organic-Malt-Extracts-Ingredients.html.
(2) Malt Extracts Market- Industry Share, Size and Forecast to 2027. https://www.theinsightpartners.com/reports/malt-extracts-market/.
(3) Syrup Market Size & Share Analysis – Industry Research Report – Growth …. https://www.mordorintelligence.com/industry-reports/syrups-market.
(4) Barley Malt Syrup Market Overview and Scope By 2030. https://www.marketwatch.com/press-release/barley-malt-syrup-market-overview-and-scope-by-2030-2023-04-26.
(5) The 7 Best Malt Syrup Substitutes For Your Recipes – Conscious Eating. https://myconsciouseating.com/malt-syrup-substitute/.