The market for malt extracts in Europe is estimated at US $
SEATTLE, Aug 09, 2021 (GLOBE NEWSWIRE) – Malted milk and malt extracts are sweet and delicious drinks that have been enjoyed for hundreds of years. Malt extracts are used to give beers this unique and tasty taste. Malted barley, wheat, oats, and salt are combined to make beer, then the beer is fermented (fermented beer, not lagers) and then cooled to produce the alcoholic beverage known as beer. Malted milk and malt extracts are added during the maturing process to give the beer that sweet, biscuit taste. Malt extracts are basically just water, malted barley, oats and yeast thrown into the fermentation process.
the Europe malt extract market is estimated to represent 13 642.1 Mn in terms of value by the end of 2027, with a CAGR of 5.7% during the forecast period (2020-2027)
The increase in the production and consumption of craft beer in Europe is one of the key factors in the growth of European malt extracts. According to Eurostat, Germany was the top producer of beer in 2018 with a production of 8.3 billion liters (or 21% of total EU production). In addition, the Netherlands exported 1.9 billion liters of beer containing alcohol in 2018. This made it the largest exporter of beer of all EU member states.
The growing consumption of bakery products in Europe is supporting the growth of European malt extracts. In addition, the rapid growth of the food retail market in Germany is expected to further drive the growth of malt extracts in Europe. According to the German agency trade & invest, total food retail revenues increased significantly to reach € 243 billion in 2017. As a result, the rapid growth of the food retail sector is fueling the growth of the European malt extract market.
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The growing demand for clean label products due to the growing health awareness is expected to provide lucrative opportunities for the European malt extract market. In addition, the changing preferences for natural and organic food products along with the increasing demand for natural food flavorings and colorings from the food and beverage industry are also expected to drive the growth of the malt extract market.
The growing popularity of malt extract drinks is expected to open up new opportunities in the European malt extract market. In addition, the growing consumption of non-alcoholic drinks such as sports drinks and energy drinks among athletes is expected to support the growth of the European malt extract market again. The regional market is also expected to gain ground due to an increasing number of people participating in sporting activities. This creates a demand for healthy drinks, which in turn promotes the growth of the European malt extract market.
Growing consumer preferences for gluten-free malt extracts due to a growing number of health-conscious consumers is a trend in the market. This is attributed to the increasing incidence and prevalence of obesity, joint pain and other health problems. In addition, the growing geriatric population and gluten-free malt extracts are creating a huge demand among the geriatric populations. In addition, the growing demand for labeled sugar-free products is another major market trend. Malt extracts eliminate the need for added sugars in food products and also reduce the need for artificial additives.
The current market trend is increasingly focused on increasing the production capacities of malt products. For example, in October 2019, Puratos Group and Estonian Malt announced the signing of a joint venture agreement launching “Puratos Malt”. The joint venture is the result of six years of close collaboration between the two companies and combines Estonian Malt’s expertise in germinated and fermented whole grains with Puratos’ business knowledge and distribution network. Puratos Malt’s business objective is the production, sale and distribution of malt flours and sprouted seeds for the professional bakery, catering and food industry and their customers.
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The main players involved in the malt extract market in Europe are Axereal Group, Cargill, Incorporated, IREKS GmbH, Doehler Group SE, VIVESCIA Industries, Polttimo Oy, Malt Products Corporation, Malteries Soufflet SAS, Simpsons Malt Limited, Muntons Plc.
Market segmentation :
Europe Malt Extracts Market, By Application:
- Animal feed
Europe Malt Extracts Market, By Source:
Malt Extracts Market in Europe, by Product Form:
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