South America Malt Extracts Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Form (Liquid and Powder), Nature (Organic and Conventional), and Application (Food, Beverages, Pharmaceuticals, and Others

  • Report Code : TIPRE00015422
  • Category : Food and Beverages
  • Status : Published
  • No. of Pages : 70
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The malt extracts market in SAM is expected to reach US$ 117.89 million by 2027 from US$ 75.05 million in 2018; it is expected to grow at a CAGR of 5.2% from 2019 to 2027.



Brazil, Chile and Argentina are the major contributors to the market in SAM. Brazil is expected to be the fastest growing market for the SAM malt extracts market with the largest market share during the forecast period. The growth of the malt extracts market in this country is primarily attributed to the increasing demand for malt extracts in various applications. There are several classes of malt extracts, such as standard malt extracts, specialty malt extracts, dark malt extract, and light malt extracts. These extracts are widely used in craft beers, non-alcoholic beverages and various baked goods such as bars, cereals, cookies, bars, and many others to enhance flavor, impart color and grant functionalities.

Increasing demand for malt extracts with clean label products is bolstering the growth of the malt extracts market. Today’s consumers have shifted their preference towards organic and natural food products, with a focus on the numerous health benefits such types of food offer. Moreover, strict government regulations on food additives are presently a major concern for food processers and manufacturers. Owing to this, companies operating in food and beverage industry are focusing on producing clean label products by not using or limiting food additives and increasing the adoption of natural food colors and flavors as substitutes to synthetic food additives. Food manufacturers are also focusing on leveraging the consumer preference towards wellness and health over cost of products and using malt extracts as an ingredient, besides others, to secure clean label approval for various food and beverage products. In addition to the clean label claims, malt-based ingredients enable food and bakers’ producers to replace high fructose corn syrup from product labels. Similarly, as diastatic malt is rich in enzymes and vitamins, it up surged the nutritional value of baked products and helps in increasing the shelf life of baked products. These positive properties of malt and awareness about its health benefits are increasing the demand for clean label products and hence fuelling the demand for malt extracts.

Based on nature, the malt extracts market is divided into organic and conventional. The SAM malt extract market was dominated by the conventional segment. Malt extract is essential in beer and whiskey production, but this only represents approximately 3% of the world's malt use. The rest is used as an essential ingredient in the food industry as natural flavoring, malted milk drinks, breakfast cereals, and malt vinegar. Although barley, wheat, and sorghum can be malted, barley malt is preferred for brewing. Both the liquid and powder malt extract are produced by using conventionally grown ingredients, which means while growing the crops such as barley, wheat, sorghum, and others, farmers use chemical fertilizers, pesticides, and other chemical ingredients to increase the yield. While comparing both the organic and conventional malt extract, it has been seen that conventional malt extract has been used much for preparing end-user products more than the organic malt extract. This is due to the comparatively lower price of conventional ingredients and easy availability in the market. Hence, most of the market players use conventional malt extract to deliver different products for food & beverage, pharmaceutical, and other industries.

COVID-19 pandemic has affected industries and economies in various countries due to lockdowns, business shutdowns, and travel bans. Brazil has the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina, among others. The government of SAM has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that SAM will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the United States, which are important trade partners. Containment measures in several countries of SAM will reduce economic activity in the manufacturing sectors for at least the next quarter, with a rebound once the epidemic is contained.

SAM Malt Extracts Market Revenue and Forecast to 2027 (US$ Million)

SAM Malt Extracts Market Revenue and Forecast to 2027 (US$ Million)
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SAM Malt Extracts Market Segmentation

SAM Malt Extracts Market – By Form

  • Liquid
  • Powder

SAM Malt Extracts Market – By Distribution Channel

  • Organic
  • Conventional

SAM Malt Extracts Market – By Application

  • Food
  • Beverages
  • Pharmaceuticals
  • Others

SAM Malt Extracts Market – By Country

  • Brazil
  • Argentina
  • Chile
  • Rest of SAM

 SAM Malt Extracts Market – Companies Mentioned

  • Maltexco S.A.
  • Ireks Gmbh
  • Groupe Soufflet
  • Malt Products Corporation
  • Muntons Plc
  • CALSA SA 
  • Liotecnica
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Form, Nature, and Application (Food, Beverages, Pharmaceuticals, and Others

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Brazil, Argentina

  1. Maltexco S.A.
  2. Ireks Gmbh
  3. Groupe Soufflet
  4. Malt Products Corporation
  5. Muntons Plc
  6. Calsa SA 
  7. Liotecnica

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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