Malts Global Market Report 2024

The malts market size has grown strongly in recent years. It will grow from $9.25 billion in 2023 to $10.09 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The expansion observed in the historical period can be credited to the resurgence of craft brewing, the overall growth of the beer industry, consumer inclination towards specialty and craft beers, shifts in dietary preferences, and the globalization of the beer market.

The malts market size is expected to see strong growth in the next few years. It will grow to $13.77 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The anticipated growth in the forecast period can be ascribed to the increase in home brewing, the influence of health and wellness trends, the adoption of sustainable and organic brewing practices, the trend towards premiumization and the utilization of specialty malt varieties, and the emergence of non-alcoholic and low-alcohol beverages. Prominent trends expected in the forecast period encompass a heightened demand for organic and non-GMO malts, innovations in malting techniques, a focus on single origin and terroir-influenced malts, collaborative efforts in malt development, and diversification beyond traditional brewing practices.

The malts market is anticipated to experience growth, propelled by the increasing consumption of beer. Beer, a carbonated alcoholic beverage brewed and fermented from cereals, particularly malted barley, is a key driver for malt market expansion. Malt, a crucial ingredient in craft beer, is specially prepared for brewing. Notably, the Global Beer Consumption Report for 2021 from Kirin Holdings Company Limited revealed a global beer consumption of about 185.60 million kiloliters in 2021, reflecting a 4.0% increase from the previous year. The surge in beer consumption, equivalent to approximately 11.3 billion 633-ml bottles, is contributing to the growth of the malts market.

The growth of the malts market is further expected to be propelled by an increasing demand in the pharmaceutical industry. The pharmaceutical sector, engaged in research, development, production, and marketing of drugs, utilizes malts as carriers or fillers in tablet and capsule production, as well as in formulations such as creams and ointments. As per the European Federation of Pharmaceutical Industries and Associations (EFPIA) in June 2023, the pharmaceutical production in Europe reached $384,200 million (€340,000 million) in 2022, indicating a 4.95% increase from the previous year. This rising demand in the pharmaceutical industry is contributing to the growth of the malts market.

A prominent trend in the malts market is the growing popularity of product innovations. Leading companies in the malts industry are dedicated to creating novel solutions to fortify their market standing. For example, in May 2021, Muntons Malt Plc, a UK-based provider specializing in brewing and distilling malts and malted ingredients, introduced a premium alcohol-free malt extract. This innovative product, crafted through the latest advancements, involves a unique process that combines the heating and modification of wort sugars to replicate the distinctive characteristics of beer. Serving as an ideal and versatile base, it empowers brewers to develop alcohol-free versions of trademark brewing styles. This extract is sourced from farms and is composed of 100% sustainable malt.

Major players in the malts market are also diversifying their offerings to include malts suitable for children's growth and immunity. In March 2021, Southern Health Foods Private Limited, an Indian-based company specializing in food products, launched Manna Go Grains Malt. This health and nutrition drink is specifically designed to meet the needs of children in terms of growth, immunity, and nutrition. It is a fast drink mix based on multigrains, delivering 33% of the Recommended Dietary Allowance (RDA) for 24 essential micronutrients. These micronutrients contribute to five key benefits, including immunity, mental and physical development, stamina, and stronger bones. The malt is comprised of seven grains and is fortified with essential vitamins and minerals. It is available in classic malt and chocolate flavors, offering high levels of protein, carbohydrates, and dietary fiber.

In September 2021, InVivo Group, a Europe-based company involved in the production and sale of seeds and agricultural supplies, successfully acquired a 100% stake in Soufflet Group for an undisclosed amount. This strategic acquisition positions InVivo Group to enhance its role as a catalyst for agricultural and food transformation. The acquisition aims to address economic, social, and environmental challenges in French agriculture by expanding the deployment of innovative solutions. Soufflet Group, a French-based family-owned business, is known for its expertise in the finest malts within the industry.

Major companies operating in the malts market report are Crisp Malting Group Ltd., Muntons Malt Plc, Malteurop Group, Cargill Inc., GrainCorp Malt, Boortmalt, Heineken N.V., Rahr Corporation, Malt Products Corporation, Simpsons Malt Ltd., Viking Malt Group, Agraria San Francisco Inc., Pure Malt Products Ltd., Imperial Malts Ltd., Diastatische Producten BV, Nestle S.A., GlaxoSmithKline PLC, Briess Malt & Ingredients Co., King Arthur Flour Company Inc., Insta Foods, Full Sail Brewing Company, Family Cereal Sdn, IREKS GmbH, Weyermann Specialty Malts, Bairds Malt Limited, Great Western Malting Co., Soufflet Group, Axereal Group, Wilmar International Ltd., Thomas Fawcett & Sons Ltd.

Asia-Pacific was the largest region in the malts market in 2023. The regions covered in the malts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the malts market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of malts include liquid extract, dry extract, and malt flour, sourced mainly from barley, wheat, and rye. Liquid extract denotes a separation technique where a solute is moved from one solvent to another, with the two solvents being either immiscible or only slightly miscible. Distribution channels encompass both online and offline methods and find application in various sectors, including the beer industry, whisky distilleries, food and beverages, and pharmaceuticals.

The malts market research report is one of a series of new reports that provides malts market statistics, including malts industry global market size, regional shares, competitors with a malts market share, detailed malts market segments, market trends and opportunities, and any further data you may need to thrive in the malts industry. This malts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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