The global Wheat Malt market is expected to reach a market valuation of US$ 1,293 million by 2023, recording a CAGR of 3.9% from 2023 to 2033
The consumer awareness about the effects of malnutrition is increasing which has led to the study of the production of non-conventional healthy wheat malt beverages which can serve as an alternative to conventional soft drinks and alcoholic beverages. The wheat malt also has more protein content when compared to barley malt which enhances certain properties of beer like it increases the beer’s foam quality. The increase in disposable income as made it possible to utilize healthy wheat malt products.
The shortage of barley grains is also an important factor which can further lead to an increase in prices of the barley. It has been predicted that the barley stocks will decrease in the year 2018/19 and so the industries will look forward to the use of wheat malt. This can accelerate the use of wheat malt to meet the requirements of beverages and other products such as bread and to maintain the economical budget of the industries.
Global Wheat malt Market: Key Participants
Some of the global key market players are Cargill, Briess Malt & Ingredients Co., Valley Malt, Viking Malt, Great Western Malting, Barrett Burston Malting Co. Pty. Ltd, Simpsons Malt Limited, Gladfield Malt, Crisp Malting, among others.
Global Wheat malt Market: Key Developments
The increase in the production capacity has been targeted by many beverage industries. The industries are also looking forward to the crops that are grown under the stringent sustainability charter. The companies are trying to increase and enhance the flavors of the beverages so as to provide a wide range of variety to the customers.
Opportunities for Wheat malt Market Participants:
The wheat malt of different types can be developed by using different varieties of wheat. The wheat malt varieties can help to increase the range of flavor in the beverage and bakery industries. The industries are focusing on the use of sustainable wheat crops for the production of wheat malt. This will help increase market demand as the consumers are focusing on healthy and eco-friendly products.
Key Data Points Covered in the Report:
Some of the key data points covered in our report include:
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Regional analysis includes:
Wheat malt can be segmented on the basis of the type of wheat as:
Wheat malt can be segmented on the basis of form as:
Wheat malt can be segmented on the basis of end use as:
Wheat malt can be segmented on the basis of color as:
Wheat malt can be segmented on the basis of type/process as:
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Report Highlights:
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jul 04, 2023