Dry Malt Products Market Growth, Top Players, and Forecast by 2031

MARKET OVERVIEW

Malt processing is the process of converting raw grain into malt. Grains that are commonly used for producing malt are barley, wheat, rye, and others. Barley, is primarily utilized in the malting process. The moisture content in liquid malt is removed using spray drying equipment, leaving dry malt as the output. When compared to liquid malt, dry malt has a longer shelf life. Dry malt is mostly used in the food and beverage sector to manufacture beer. Moreover, dry malt is also used in pharmaceutical products, in baby food, and in animal feed products.

MARKET SCOPE

The "Global Dry Malt Products Market Analysis to 2031" is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the dry malt products market with detailed market segmentation by source, application, and geography. The report provides key statistics on the market status of the leading dry malt products market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   On the basis of source, the market is segmented into barley, wheat, rye, and others.
  
•   On the basis of application, the market is segmented into food & beverage, pharmaceutical, animal feed, and others.
  

MARKET DYNAMICS

Drivers:

•   Dry malt demand is being boosted by rising beer and alcoholic beverage consumption.
  
•   Furthermore, rising utilization of dry malt in nutraceutical products such as protein powders is also boosting the market growth
  
•   Additionally, rising demand for dry malt from animal feed industry is also expected to further propel the market growth over the forecast period.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The dry malt products market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the dry malt products market in these regions.

IMPACT OF COVID-19 ON DRY MALT PRODUCTS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products.

MARKET PLAYERS

The report covers key developments in the dry malt products market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Dry malt products market are anticipated to lucrative growth opportunities in the future with the rising demand for dry malt products in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the dry malt products market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Axereal Group
  
•   Cargill Inc.
  
•   Crisp Malting Group Malt
  
•   Graincrop Limited
  
•   Ireks GmbH
  
•   Malteurop Groupe
  
•   Muntons
  
•   Simpsons Malt
  
•   Viking Malt
  
•   Malt Company (India) Pvt Ltd.
  
•   Imperial Malts Ltd.
  
•   Malt Products Corporation
  
•   Barmalt
  
•   Riverbend Malt House
  
•   PureMalt
  
•   Charles Faram Ltd
  
•   Bairds Malt Limited
  
•   United Canadian Malt, Ltd.
  
•   Mouterij Dingemans
  
•   MALTING COMPANY OF IRELAND, LTD.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Dry Malt Products Report Scope