Global Malt Market growing at a CAGR of 6.70% - Products like beer, whiskey, and malted milkshakes.

Market Overview

According to the marketresearch.biz Global Malt Market size is expected to be worth around US$ 25.9 Billion by 2023 from US$ 49.5 Billion in 2033, growing at a CAGR of 6.70% during the forecast period 2023 to 2033.

The malt market is the market for malted grains, which are cereal grains that have been sprouted and then dried. Malt can be found in many products like beer, whiskey, and malted milkshakes.

The global malt market is expected to experience significant growth over the coming years due to an increasing demand for beer and other alcoholic beverages, as well as malted milkshakes and other malted food items. Furthermore, factors like rising disposable incomes, shifting consumer preferences, and expansion within the food and beverage industry will all support growth within this space.

The market is dominated by several major players, such as Malteurop Groupe S. A., Soufflet Group, Société Coopérative Agricole Axereal, GrainCorp Limited, Crisp Malting Group Ltd., China Agri-Industries Holdings Limited, Muntons plc, Simpsons Malt Limited, Rahr Corporation, The Malt Company (India) Pvt. Ltd.. These firms are continuously striving to enhance their products and services as well as their production processes in order to maintain their competitive edge.

The malt market can be segmented based on type, application and region. Different varieties of malt include barley malt, wheat malt and rye malt; applications include brewing, distilling and food production. Geographically speaking, major markets include North America, Europe, Asia Pacific and beyond - as well as smaller ones throughout other regions around the world.

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Here are some key developments in the malt market:

In 2020, the malt market was negatively impacted by the COVID-19 pandemic, due to lockdowns and restrictions. On the other hand, home brewing supplies experienced an uptick as people spent more time at home brewing.

In 2019, the global malt market was valued at approximately USD 20 billion and projected to expand at a compound annual growth rate (CAGR) of 6.7% from 2020-2027 due to increasing demand for beer and other malt-based products.

In 2018, the malt market experienced increased consolidation, with mergers and acquisitions among major players. For instance, Some of these malt businesses combined to form one of the world's largest producers.

In 2017, the global malt market was negatively impacted by a shortage of barley due to poor harvests in major producing regions such as France and Australia. This resulted in higher prices and reduced availability of malt.

Overall, the malt market has experienced some ups and downs over recent years due to factors like market consolidation, shifting consumer preferences, and global events like COVID-19 pandemic.

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