Malt ingredients have witnessed a substantial growth rate over the last few years. The growth of the malt ingredients market is anticipated to be driven by the various factors. Increasing massive growth of alcoholic beverages is expected to be the key factors for the increasing growth for malt ingredients. Among the alcoholic beverages, malt ingredients is used widely in the beer. Increasing beer production in the developing economies in Asia Pacific is expected to fuel the sales of malt ingredients during the forecast period of 2017-2023. Apart from that, innovative products launched by the beer manufacturers are also positively impacting the growth of malt ingredients soon.
Malt ingredients offer decent flavor, color, sweetness, and
low sucrose contents as a result the usage of the product is not restricted to
the alcoholic beverages products. Malt ingredients are used massively as a raw
material in the bakery products especially for the biscuits and cakes.
Moreover, malt ingredients are used extensively in the infant formula &
baby food which in turn accelerates the sales of malt ingredients during the
forecast period.
Malt
Ingredients Market Analysis
Global Malt Ingredients Market -
Competitive Analysis
Market players in malt ingredients market are emphasizing in
the merger & acquisition activities in order to upsurge the product
portfolio of the company. Also, the manufacturers are also investing in the
malt ingredients processing plant to increase the product portfolio.
The strategic sales plan of malt ingredients manufacturers
include use of online channels for marketing. For that, key manufacturers are
entering into a collaboration with the online channels in order to reach
maximum customers and also to upsurge the brand value of the product. Key
players in the malt ingredients market, is inclined to introduce new products
in the market or to extend the product line of renowned product. Also, the
company promotes their new products on social media in order to reach many
customers. This promotional strategy aids to retain the existing the customers
and also to acquire new customers. Also, the key manufacturers are focusing in
the packaging of the malt ingredients. Today packaging is not only used to
increase the shelf life of the product but also it aids to upsurge the brand
value of the product.
The key players profiled in malt ingredients are Global Malt
Gmbh & Co. KG., Cargill Inc, GrainCorp, Malteurop Group, Boortmalt,
Soufflet Group, Ireks GmbH, Muntons PLC, and Simpsons Malt Ltd among many
others.
Global Malt Ingredients Market – Segments
Global malt ingredients market has been divided into raw
material, form, application, and region
Based on Raw Material: Barley,
Wheat, Rye, and others
Based on Form: Dried, Fresh, Instant
and others
Based on Application:
Alcoholic Beverages, Baked Foods, Cereal Products, Confectioneries, Drink
Mixes, Pharmaceuticals and others
Based on Region: North America, Europe,
Asia Pacific, and Rest of the World
Global Malt Ingredients Market -
Regional Analysis
The global Malt Ingredients market is segmented into North
America, Europe, Asia Pacific and Rest of the World. Among all the region,
Europe is estimated to account for the major market proportion in the year of
2017. The region is estimated to retain its dominance throughout the forecast
period of 2017-2023. The major factors responsible for the growth of Europe
malt ingredients market are increasing massive growth of alcoholic beverages
especially the beer. Among the European countries, Western Europe shows high
attractiveness among the manufacturers of malt ingredients due to the huge
production of beer. However, Asia Pacific region is projected to expand at a
maximum growth rate during the forecast period of 2017-2023. The growth of the
malt ingredients market in Asia Pacific region is attributed to the various
factors. Increasing massive sales of alcoholic beverages in the developing
economies such as China, India is the significant factor for the rising growth
of malt ingredients during the forecast period.
Complete Report Details @ https://www.marketresearchfuture.com/reports/malt-ingredients-market-1240
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