Malt processing converts raw grain into malt. The grain used in the malting process can be any grain such as barley, sorghum, wheat, rye, etc. But barley is mostly used in the malting process. By spray drying process the moisture content in the liquid malt is taken out, dry malt is the output. Dry malt is long lasting as compared to liquid malt. Storage of dry malt is much easier as long as it is dry. Dry malt extract is more fine powder than liquid malt extract. Dry malt extract is available in various types such as Light, Pilsner, Amber, Dark, Bavarian and Wheat, etc. Dry malt is mainly used in food & Beverage industry for adding flavor and color in the food and beverage. The Bavarian Wheat dry malt extract is best for all wheat beers. Increasing consumption of beer and alcoholic beverages helping to boost the demand for dry malt. The number of players participating in the dry malt products industry is increasing. The increasing demand for dry malt products and a growing number of manufacturers all over the world are the reasons for increasing the competitive level in the market. To save the position in dry malt products market manufacturers are producing unique & innovative products in the market with attractive offerings.
Increasing Demand In Food & Beverage Industry Is The Main Reason For Dry Malt Products Market Growth:
The main factor driving the demand for dry malt products market is increased awareness about healthy lifestyle amongst individuals. The number of consumers increasing who are consuming the natural and organic product. Nutritional food help them to stay fit and avoid health issues. Dry malt is used widely in the food and beverage industry for adding flavor and color. Dry malt used in the beer and alcohol beverages for adding flavor and avoid dry, thin or cindery flavors. Dry malt used in beer to add appropriate color to it. Brewers used dry malt to make yeast starters.
Dry malt extract market can be useful for different flavored healthy powders which can be added in milk as children are not fond of plain milk. The increasing growth rate for dry malt products is due to uplifting demand in the beverage industry especially alcoholic beverage section. Dry malt extract is used for making bread. Dry malt is used in bakery products such as cakes, pastry, cookies, and biscuits as it adds flavor as well as color in the final product. Dry malt extract market is also used in pharmaceuticals as well as animal feed. The growth of dry malt products market is depending upon the buyers spending capacity in a particular region. Inconsistencies in the prices of raw material can affect the growth of dry malt products market.
Dry Malt Products Market Segmentation:
On the basis of source, the dry malt products market is segmented into:
On the basis of type, the dry malt products market is segmented into:
- Light Dry Malt Extracts
- Amber Dry Malt Extracts
- Black Dry Malt Extracts
On the basis of applications, the dry malt products market is segmented into:
- Alcoholic Beverages
- Energy & Health Drinks
- Pharmaceuticals and animal feed
- Bread and Bakery product
Dry Malt Products Market: Regional Analysis: North-America and Europe are leading in the dry malt products market. It is expected that North-America and Europe will be dominating regions in the forecasted period due to increasing consumption of dry malt products and use in the beverage industry especially in beer and alcohol industry. Asia-Pacific is expected to raise at a high growth rate. Asia-Pacific is growing rapidly in the dry malt products market due to the improved financial condition, growing local breweries, increasing awareness about craft beers. In Asia-Pacific, multiple new companies have started in dry malt industry and using advanced technology for the production. It is anticipated that in Asia-Pacific the production of dry malt products will be increasing tremendously in the near future
Dry Malt Products Market: Key Participants: Axereal Group, Cargill, Viking Malt ,Crisp Malting Group Malt, Graincrop Limited, Malteurop Groupe, Ireks GmbH, Malteurop Group, Muntons, Simpsons Malt, Soufflet Group, Mahalaxmi Malt Products Pvt. Ltd, Maltexco
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