Asia Pacific Malt Ingredient Market Insights Forecasts to 2033

• The Market is Growing at a CAGR of 5.17% from 2023 to 2033
• The Asia Pacific Malt Ingredient Market Size is Expected to hold a significant share by 2033

The Asia Pacific Malt Ingredient Market is Anticipated to Hold a Significant Share by 2033, Growing at a CAGR of 5.17% from 2023 to 2033.

Market Overview

Malt is a grain product that adds flavor and minerals to meals and beverages and provides a foundation for fermentation. Cereal grains are converted to malt by allowing a portion of them to germinate and change their inherent nutritional composition. Several health advantages are associated with that, including lowering heart disease risk, raising insulin action, and regulating cholesterol. Malt extract is just half as sweet as sugar syrup and has several nutritional advantages. Malt extract from barley boosts the flavor of cereal-based products including bread, biscuits, and baby formula. Malt extracts are widely used as flavorings, colorants, and ingredients in manufacturing snack bars, flakes, milk powder, and healthy syrups. The market for malt ingredients is expected to drive the numerous food producers' efforts to provide consumers with natural ingredient-based foods with extra benefits. Growing demand for beer and other alcoholic beverages is the main factor driving the growth of the malt ingredient market.

Report Coverage

This research report categorizes the market for the Asia Pacific malt ingredient market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Asia Pacific malt ingredient market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Asia Pacific malt ingredient market.

Driving Factors

The possibility of future opportunities for the malt ingredient is anticipated, especially for the Asia Pacific region, where the food and beverage industry is expected to grow. The market expansion of malt components is anticipated to be helped by consumers' increasing demand for functional meals. The market growth for malt components is anticipated to pick up speed due to the growing demand for functional foods. The food and beverage industry's growing demand is the primary driver of the malt ingredient market. The rising demand for beer and dairy products is expected to drive the price of malt ingredients.   

Restraining Factors

Increasing raw material costs hinder market expansion. The quality of the crops utilized in this process also has an impact on the final product. It is expected that all of these reasons might restrict the growth in the malt ingredient market.

Market Segmentation

The Asia Pacific malt ingredient market share is classified into source and application.

• The barley segment is expected to hold the largest market share through the forecast period.

The Asia Pacific malt ingredient market is segmented by source into barley, wheat, and others. Among these, the barley segment is expected to hold the largest market share through the forecast period. Due to its high starch content, ability to convert starch to sugar using enzymes, and ability to support the health of yeast, barley is the most frequently used grain in the manufacturing of alcohol. The quality of barley used determines the color of the beer.

• The beverages segment is expected to dominate the Asia Pacific malt ingredient market during the forecast period.       

Based on the application, the Asia Pacific malt ingredient market is divided into food, beverages, pharmaceuticals, and animal feed. Among these, the beverages segment is expected to dominate the Asia Pacific malt ingredient market during the forecast period. The malt components are essential raw materials in the production of alcohol. Alcoholic beverages represent the majority of applications in the beverage sector. An increasing desire for craft beer is driving the market demand in the beverages segment.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Asia Pacific malt ingredient market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Puremalt Products Ltd.
• Muntons PLC
• Axereal
• Cryer malt
• Rahr Corporation
• VIVESCIA Group
• GrainCorp Limited
• Simpsons Malt Ltd
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In May 2022, one of the top producers of grains and oilseeds, GrainCorp Group, announced a major renovation and expansion of their east coast (ECA) grain receiving network. The company planned to build 1.5 million tonnes of additional storage capacity and upgrade the mobile fleet of equipment that services it to better manage deliveries. This would bring the company's total storage capacity to two million tonnes.

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