Asia Pacific Malt Ingredient Market Size is Expected To Hold a Significant Share by 2033 | CAGR of 5.17 %
Category: Food & BeveragesAsia Pacific Malt Ingredient Market Size is Expected To Hold a Significant Share By 2033
According to a research report published by Spherical Insights & Consulting, The Asia Pacific Malt Ingredient Market Size is Expected to Hold a Significant Share by 2033, at a Compound Annual Growth Rate (CAGR) of 5.17 % during the projected period.
Get more details on this report -
Browse key industry insights spread across 190 pages with 110 Market data tables and figures & charts from the report on the "Asia Pacific Malt Ingredient Market Share, and COVID-19 Impact Analysis, By Source (Barley, Wheat, and Others), By Application (Food, Beverages, Pharmaceuticals, and Animal Feed), and by Asia Pacific (China, Japan, India, South Korea, Australia, Rest of APAC) Malt Ingredient Market Insights, Industry Trend, Forecasts to 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/asia-pacific-malt-ingredient-market
Malt is a grain product that serves as a base for fermentation and gives food and drinks taste and minerals. Allowing some cereal grains to germinate alters their natural nutritional makeup and turns them into malt. That has several health benefits, such as reducing the risk of heart disease, increasing the action of insulin, and controlling cholesterol. Malt extract has several nutritional benefits and is just half as sweet as sugar syrup. Malt extracts are frequently used as flavorings, colorings, and components in the production of milk powder, snack bars, flakes, and nutritious syrups. It is anticipated that the market for malt components will propel the various food manufacturers' endeavors to offer consumers foods based on natural ingredients that offer additional advantages. The primary driver of the malt ingredient market's expansion is the rising demand for beer and other alcoholic beverages. However, market expansion is hampered by rising raw material costs.
The barley segment is anticipated to hold the largest revenue share of the Asia Pacific malt ingredient market during the forecast period.
Based on the source, the Asia Pacific malt ingredient market is classified into barley, wheat, and others. Among these, the barley segment is anticipated to hold the largest revenue share of the Asia Pacific malt ingredient market during the forecast period. Barley is the most commonly used grain in the production of alcohol because of its high starch content, enzymes that can convert starch to sugar, and capacity to promote the health of yeast. The beer's color is determined by the quality of the grain used.
The beverages segment is anticipated to dominate the Asia Pacific malt ingredient market during the forecast period.
Based on the application, the Asia Pacific malt ingredient market is classified into food, beverages, pharmaceuticals, and animal feed. Among these, the beverages segment is anticipated to dominate the Asia Pacific malt ingredient market during the forecast period. The components of malt are necessary raw materials for making alcohol. The bulk of applications in the beverage industry are alcoholic beverages. The market demand in the beverages segment is being driven by consumers' growing preference for craft beer.
Major vendors in the Asia Pacific malt ingredient market include Puremalt Products Ltd., Muntons PLC, Axereal, Cryer Malt, Rahr Corporation, VIVESCIA Group, GrainCorp Limited, Simpsons Malt Ltd, and Others.
Recent Developments
- In February 2022, the VIVESCIA group collaborated with a start-up called My EasyFarm to deploy a diagnostic tool that would allow for an initial examination of the carbon footprint of over 8,000 active farmers across the cooperative's region (processing maize, milling, baking, and malting). This would swiftly create low-carbon grain solutions that would benefit farmers and be sought after by VIVESCIA Industries' food processing businesses.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at Asia Pacific, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Asia Pacific malt ingredient market based on the below-mentioned segments:
Asia Pacific Malt Ingredient Market, By Source
- Barley
- Wheat
- Others
Asia Pacific Malt Ingredient Market, By Application
- Food
- Beverages
- Pharmaceuticals
- Animal Feed
Asia Pacific Malt Ingredient Market, By Country
- China
- Japan
- India
- South Korea
- Australia
- Rest of the APAC
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?