Malt Ingredients Market to Expand owing to Increasing Applications in Alcoholic and Non-alcoholic Beverages

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Malt Ingredients Market - Global Industry
Analysis, Size, Share, Growth, Trends
And Forecast 2015 - 2023
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REPORT DESCRIPTION
A new report from Transparency Market Research, titled ‘Malt Ingredients Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2015 - 2023,’ states that the global malt ingredients market is expected to expand rapidly during the period
from 2015 to 2023 due to the increasing application of malt ingredients in the food and beverages and pharmaceuticals
industries.
Malt ingredients are materials used for the purpose of brewing alcoholic beverages such as beer and whiskey. Malt ingredients
are used for producing malt shakes, malt vinegar, and numerous flavored beverages such as Milo, Ovaltine, and Horlicks.
Furthermore, malt ingredients are utilized in various baked products such as bagels and malt loaf. Malted barley, an essential
ingredient in blended flours, is used for making yeast bread and some other baked products.
The global malt ingredients market is segmented on the basis of application, geography, raw material, and type. Based on type,
the global malt ingredients market is classified into base malt and specialty malt.
The growing demand from the food and beverages industry is expected to have a positive impact on the global malt ingredients
market in the next few years. Further, the rising preference for packaged and convenience food products is expected to drive
the global malt ingredients market in the coming few years. People have become more health-conscious in recent years and are
thus showing more interest in organic food. With the increasing health-consciousness, consumers are avoiding foods with
chemicals and artificial elements. By raw material, the global malt ingredients market is divided into wheat malt,
acidulated/Sauer malt, aromatic malt, biscuit malt, and others.
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Malt ingredients find their application in alcoholic beverages, pharmaceuticals, and food and non-alcoholic beverages. The
increasing applications of malt ingredients in alcoholic and non-alcoholic beverages are predicted to propel the global malt
ingredients market in the years to come. The beer industry, one of the major applications of malt ingredients, is expected to
contribute massively towards the growth of the global malt ingredients market. Going forward, the growing popularity of craft
beer and local beer is expected to fuel the demand for domestic malt. Due to the increasing production of several varieties of
beer, foreign makers are sourcing numerous malt ingredients from the beer industry.
By geography, the global malt ingredients market is divided into Asia Pacific, Europe, North America, and Rest of the World. In
2014, the global malt ingredients market was led by North America, followed by Europe. Western Europe and Central Europe are
expected to be promising markets in the global malt ingredients market in the years to come.
The entry of new companies is expected to make the global malt ingredients market highly competitive. High capital investment
is the major challenge predicted to be faced by the new entrants during the initial stage of development. The malt ingredients
market demands a large amount of investment for establishing a malt house and processing plant, and for purchasing the
machinery. The increasing demand for wine might hamper the growth of the global malt ingredients market in the years to
come.
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Malt ingredients are materials used for the purpose of brewing alcoholic beverages such as beer and whiskey. Malt ingredients are used for producing malt shakes, malt vinegar, and numerous flavored beverages such as Milo, Ovaltine, and Horlicks. Furthermore, malt ingredients are utilized in various baked products such as bagels and malt loaf. Malted barley, an essential ingredient in blended flours, is used for making yeast bread and some other baked products. Browse Full Report with TOC:http://www.transparencymarketresearch.com/malt-ingredients-market.html