The malt extracts market in APAC is expected to reach US$ 272.26 million by 2027 from US$ 166.42 million in 2018; it is expected to grow at a CAGR of 5.7% from 2019 to 2027.
China, India and Japan are the major contributors to the market in APAC. China is expected to be the fastest growing market for the APAC 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.
Surging demand for organic /natural extracts to create profitable opportunities for the manufacturers is bolstering the growth of the malt extracts market. Although there are a large number of players in the bakery industry offering traditional bakery products, only a limited player uses malt ingredients in the products they offer. On the other hand, consumers all over the world gradually prefer food with natural ingredients due to the inherent health benefits. This is a key trend creating high potential opportunities for companies offering such products. This is also creating opportunity for new domestic companies to enter the malt extract market to leverage increasing demand for sugar-free, gluten-free, high nutritional value, and clean label products from the bakery, brewery and food and beverage industries. Opportunities for market participants in the malt extract are on the rise owing to increasing demand for sugar substitutes. Competitive pricing and numerous manufacturing benefits are also boosting food manufacturers to opt for malt extract. Rise in alcohol consumption owing to lifestyle changes worldwide has also fueled the demand of malt extract up. The opportunities for malt extract in nutraceutical industry are astonishing due to fewer market players. Easy availability of raw materials and lower processing cost offers opportunities to new market players. Moreover, owing to rising demand for malted barley and malted wheat in various applications, the need for similar alternatives is gaining traction across APAC. The shortage of barley and wheat malt can be averted by using other grains for instance rice; however, the substitute grains don’t hold the same nutritional or fermentation and other qualities such as that of wheat and barley, and hence cannot be incorporated as a straight substitute, thereby boosting the market growth to a greater extent.
COVID-19 pandemic has affected industries and economies in various countries due to lockdowns, business shutdowns, and travel bans. The COVID-19 is anticipated to cause a loss of more than 3 Billion in the APAC region. The consequence and impact can be even worse and totally depends on the spread of the virus. The government of APAC is taking possible steps to reduce its effects by announcing lockdown, and thus, impact the revenue generated by the market. The Airports Council International (ACI) Asia-Pacific warned that the prolonged duration of the coronavirus (COVID-19) outbreak would drastically impact the region’s airports’ connectivity and economic sustainability, significantly restricting them from achieving previously forecasted growth prospects. Such closures are anticipated to negatively impact market growth in the coming period. Till now, China has the highest number of COVID -19 confirmed cases.
APAC Malt Extracts Market Revenue and Forecast to 2027 (US$ Million)
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APAC Malt Extracts Market Segmentation
APAC Malt Extracts Market – By Form
- Liquid
- Powder
APAC Malt Extracts Market – By Distribution Channel
- Organic
- Conventional
APAC Malt Extracts Market – By Application
- Food
- Beverages
- Pharmaceuticals
- Others
APAC Malt Extracts Market – By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Malt Extracts Market – Companies Mentioned
- Malteurop Group
- Ireks Gmbh
- Groupe Soufflet
- Malt Products Corporation
- United Malt Group
- Muntons Plc
- Boortmalt N.V.
- Liotecnica
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Form, Nature, and Application (Food, Beverages, Pharmaceuticals, and Others
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 APAC Market Segmentation
1.3.1 APAC Malt Extracts Market – By Form
1.3.2 APAC Malt Extracts Market – By Distribution Channel
1.3.3 APAC Malt Extracts Market – By Application
1.3.4 APAC Malt Extracts Market – By Country
2. APAC Malt Extracts Market – Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. APAC Malt Extracts– Market Landscape
4.1 Overview
4.2 APAC PEST Analysis
4.3 Expert Opinion
4.4 Malt Production Capacities Of Key Market Players: Year 2019, Tons
5. APAC Malt Extracts – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing demand of malt extracts in the food and beverage industry
5.1.2 Increasing consumption of craft beer and rising number of breweries
5.2 Market Restraints
5.2.1 Seasonal variations and quality of barley
5.3 Market Opportunities
5.3.1 Surging demand for organic /natural extracts to create profitable opportunities for the manufacturers
5.4 Future Trends
5.4.1 Increasing preference for clean label products is increasing the demand for malt extracts
5.5 Impact Analysis of Drivers and Restraints
6. Malt Extracts Market – APAC Analysis
6.1 APAC: Malt Extracts Market –Revenue, and Forecast to 2027 (US$ Million)
6.2 APAC Malt Extracts Market, By Country - Forecasts And Analysis
6.3 Market Positioning of Key Players
7. APAC Malt Extracts Market Analysis – By Form
7.1 Overview
7.2 APAC: Malt Extracts Market, by Form
7.3 Liquid
7.3.1 Overview
7.3.2 Liquid: Malt Extracts Market – Revenue, and Forecast to 2027 (US$ Million)
7.4 Powder
7.4.1 Overview
7.4.2 Powder: Malt Extracts Market – Revenue, and Forecast to 2027 (US$ Million)
8. APAC Malt Extracts Market Analysis – By Nature
8.1 Overview
8.2 APAC: Malt Extracts Market, by Nature
8.4 Organic
8.4.1 Organic: Malt Extracts Market – Revenue, and Forecast to 2027 (US$ Million)
8.5 Conventional
8.5.1 Conventional: Malt Extracts Market - Revenue, and Forecast to 2027 (US$ Million)
9. APAC Malt Extracts Market Analysis – By Application
9.1 Overview
9.2 APAC: Malt Extracts Market, by Application
9.3 Food
9.3.1 Food: Malt Extracts Market – Revenue, and Forecast to 2027 (US$ Million)
9.4 Beverage
9.4.1 Beverages: Malt Extracts Market – Revenue, and Forecast to 2027 (US$ Million)
9.5 Pharmaceutical
9.5.1 Pharmaceuticals: Malt Extracts Market – Revenue, and Forecast to 2027 (US$ Million)
9.6 Others
9.6.1 Others: Malt Extracts Market – Revenue, and Forecast to 2027 (US$ Million)
10. APAC Malt Extracts Market – Country Analysis
10.1 Overview
10.1.1 APAC: Malt Extracts Market, by Key Country
10.1.1.1 Australia: Malt Extracts Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.1.1 Australia: Malt Extracts Market, by Form
10.1.1.1.2 Australia: Malt Extracts Market, by Nature
10.1.1.1.3 Australia: Malt Extracts Market, by Application
10.1.1.2 China: Malt Extracts Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.2.1 China: Malt Extracts Market, by Form
10.1.1.2.2 China: Malt Extracts Market, by Nature
10.1.1.2.3 China: Malt Extracts Market, by Application
10.1.1.3 India: Malt Extracts Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.3.1 India: Malt Extracts Market, by Form
10.1.1.3.2 India: Malt Extracts Market, by Nature
10.1.1.3.3 India: Malt Extracts Market, by Application
10.1.1.4 Japan: Malt Extracts Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.4.1 Japan: Malt Extracts Market, by Form
10.1.1.4.2 Japan: Malt Extracts Market, by Nature
10.1.1.4.3 Japan: Malt Extracts Market, by Application
10.1.1.5 South Korea: Malt Extracts Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.5.1 South Korea: Malt Extracts Market, by Form
10.1.1.5.2 South Korea: Malt Extracts Market, by Nature
10.1.1.5.3 South Korea: Malt Extracts Market, by Application
10.1.1.6 Rest of APAC: Malt Extracts Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.6.1 Rest of APAC: Malt Extracts Market, by Form
10.1.1.6.2 Rest of APAC: Malt Extracts Market, by Nature
10.1.1.6.3 Rest of APAC: Malt Extracts Market, by Application
11. Impact of COVID-19 Pandemic on APAC Malt Extracts Market
11.1 APAC: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Product News
12.2 Expansion, Merger & Acquisition
13. Company Profiles
13.1 Malteurop Group
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Ireks Gmbh
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Malt Products Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.4 United Malt Group
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.5 Groupe Soufflet
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Muntons Plc
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Boortmalt N.V.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Liotecnica
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Malt Production Capacities Of Key Market Players: Year 2019, Tons
Table 2. APAC Malt Extracts Market Revenue And Forecasts To 2027 (US$ Mn)
Table 3. APAC: Malt Extracts Market, by Form – Revenue and Forecast to 2027 (US$ Million)
Table 4. APAC: Malt Extracts Market, by Nature – Revenue and Forecast to 2027 (US$ Million)
Table 5. APAC: Malt Extracts Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 6. Australia: Malt Extracts Market, by Form –Revenue and Forecast to 2027 (US$ Million)
Table 7. Australia: Malt Extracts Market, by Nature –Revenue and Forecast to 2027 (US$ Million)
Table 8. Australia: Malt Extracts Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 9. China: Malt Extracts Market, by Form –Revenue and Forecast to 2027 (US$ Million)
Table 10. China: Malt Extracts Market, by Nature –Revenue and Forecast to 2027 (US$ Million)
Table 11. China: Malt Extracts Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 12. India: Malt Extracts Market, by Form –Revenue and Forecast to 2027 (US$ Million)
Table 13. India: Malt Extracts Market, by Nature –Revenue and Forecast to 2027 (US$ Million)
Table 14. India: Malt Extracts Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 15. Japan: Malt Extracts Market, by Form –Revenue and Forecast to 2027 (US$ Million)
Table 16. Japan: Malt Extracts Market, by Nature –Revenue and Forecast to 2027 (US$ Million)
Table 17. Japan: Malt Extracts Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 18. South Korea: Malt Extracts Market, by Form –Revenue and Forecast to 2027 (US$ Million)
Table 19. South Korea: Malt Extracts Market, by Nature –Revenue and Forecast to 2027 (US$ Million)
Table 20. South Korea: Malt Extracts Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 21. Rest of APAC: Malt Extracts Market, by Form –Revenue and Forecast to 2027 (US$ Million)
Table 22. Rest of APAC: Malt Extracts Market, by Nature –Revenue and Forecast to 2027 (US$ Million)
Table 23. Rest of APAC: Malt Extracts Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 24. Glossary of Terms, APAC Malt Extracts Market
LIST OF FIGURES
Figure 1. APAC Malt Extracts Market Segmentation
Figure 2. APAC Malt Extracts Market Segmentation, By Country
Figure 3. APAC Malt Extracts Market Overview
Figure 4. Beverages Held Largest Share Of Application Segment In APAC Malt Extracts Market
Figure 5. China Is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. Malt Extracts Market, Industry Landscape
Figure 7. APAC PEST Analysis
Figure 8. APAC Malt Extracts Market Impact Analysis of Drivers and Restraints
Figure 9. APAC: Malt Extracts Market – Revenue and Forecast to 2027 (US$ Million)
Figure 10. Market Positioning of Key Players In Malt Extracts Market
Figure 11. APAC: Malt Extracts Market Revenue Share, by Form (2018 and 2027)
Figure 12. APAC Liquid: Malt Extracts Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 13. APAC Powder: Malt Extracts Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 14. APAC: Malt Extracts Market Revenue Share, by Nature (2018 and 2027)
Figure 15. APAC Organic Malt Extracts Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 16. APAC Conventional: Malt Extracts Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 17. APAC: Malt Extracts Market Revenue Share, by Application (2018 and 2027)
Figure 18. APAC Food: Malt Extracts Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 19. APAC Beverages: Malt Extracts Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 20. APAC Pharmaceuticals: Malt Extracts Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 21. APAC Others: Malt Extracts Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 22. APAC: Malt Extracts Market Revenue Share, by Key Country (2018 and 2027)
Figure 23. Australia: Malt Extracts Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 24. China: Malt Extracts Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 25. India: Malt Extracts Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 26. Japan: Malt Extracts Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 27. South Korea: Malt Extracts Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 28. Rest of APAC: Malt Extracts Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic in APAC Country Markets
- Malteurop Group
- Ireks Gmbh
- Groupe Soufflet
- Malt Products Corporation
- United Malt Group
- Muntons Plc
- Boortmalt N.V.
- Liotecnica
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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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