Dry Malt Market Revenue was valued at USD 3.5 Billion in 2024 and is estimated to reach USD 5.6 Billion by 2033, growing at a CAGR of 5.4% from 2026 to 2033.
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The dry malt market has experienced significant shifts over the past several years. From 2018 to 2022, the market witnessed various growth patterns influenced by industry trends, demand fluctuations, and evolving consumer preferences. Looking ahead, the dry malt market’s demand is set to experience a shift from 2023 to 2033, with significant implications for production, supply chains, and market dynamics.
Between 2018 and 2022, the dry malt market faced fluctuating trends shaped by multiple factors, including the rise in the craft beer industry and increased demand for malt-based products. The global market saw steady growth, particularly in North America and Europe, driven by the increasing demand for beer and alcoholic beverages. During this period, dry malt was utilized extensively in brewing, as well as in food production, with a notable shift toward healthier and natural ingredients in food products.
Growth in Craft Beer Production: The increasing popularity of craft beer during this period led to a surge in malt demand.
Rising Health Consciousness: A growing preference for natural, organic, and clean-label food products boosted the demand for dry malt in the food industry.
Technological Advancements: Improved production methods led to higher-quality dry malt products and expanded applications beyond just brewing.
Looking forward, the dry malt market is poised to enter a new phase. The next decade promises to be shaped by multiple macroeconomic and industry-specific trends, including shifting dietary preferences, increased global beer consumption, and technological advancements in malt production.
Global Beer Consumption: With emerging markets in Asia and Africa, the demand for dry malt in beer production is expected to rise significantly.
Demand for Sustainable Products: As sustainability becomes a priority for both consumers and manufacturers, dry malt producers will need to focus on eco-friendly practices, including sustainable sourcing of raw materials and energy-efficient production methods.
Health-Conscious Consumers: Dry malt is expected to become an increasingly popular ingredient in health-focused products like energy bars, gluten-free snacks, and dairy alternatives.
Technological Innovation: Automation, fermentation technology, and product innovation are expected to enhance malt quality and production efficiency, meeting the growing demand from various industries.
According to market research, the global dry malt market is expected to witness a compound annual growth rate (CAGR) of around 5% between 2023 and 2033. This growth will be driven by factors such as increased beer production in developing markets and the growing trend of functional and natural foods. Notably, the market for malt as a functional ingredient in foods and beverages is expected to expand significantly, with an estimated market value of over $12 billion by the end of the decade.
The dry malt market's evolution from 2018 to 2022 shows a pattern of steady growth, primarily driven by the brewing industry. As we move into 2023 and beyond, shifts in consumer preferences, sustainability, and technology will redefine the market's landscape, with substantial growth in demand forecasted for both the brewing sector and functional food products. Manufacturers and suppliers will need to adapt to these changes to stay competitive in this dynamic market.
The importance of Dry Malt Market research reports lies in their ability to aid strategic planning, helping businesses develop effective strategies by understanding market trends and dynamics. They play a crucial role in risk management by identifying potential risks and challenges, allowing businesses to mitigate them proactively. These reports offer a competitive advantage by providing insights into competitors' strategies and Dry Malt Market positioning. For investors, they provide critical data for making informed decisions by highlighting market forecasts and growth potential. Additionally, market research reports guide product development by understanding consumer needs and preferences, ensuring products meet market demands and drive business growth.
What are the Type driving the growth of the Dry Malt Market?
Growing demand for below Type around the world has had a direct impact on the growth of the Dry Malt Market:
Black Dry Malt , Amber Dry Malt , Others
What are the Applications of Dry Malt Market available in the Market?
Based on Application the Market is categorized into Below types that held the largest Dry Malt Market share In 2024.
Food and Beverage Industry, Pharmaceutical Industry, Animal Feed Industry, Others
Who is the largest Manufacturers of Dry Malt Market worldwide?
Axereal Group, Cargill, Polttimo Oy, Crisp Malting Group Malt, GrainCorp, Malteurop, Muntons (Holdings), Soufflet Group, Maltexco, Axereal Group
Short Description About Dry Malt Market:
The global Dry Malt Market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2031. In 2022, the market is growing steadily, and with the increasing adoption of strategies by key players, the market is expected to rise over the projected horizon.
North America, particularly the United States, will continue to play a pivotal role in the market's development. Any changes in the United States could significantly impact the Dry Malt Market growth trends. The market in North America is projected to grow considerably during the forecast period, driven by the high adoption of advanced technology and the presence of major industry players, creating ample growth opportunities.
Europe is also expected to experience significant growth in the global market, with a strong CAGR during the forecast period from 2024 to 2031.
Despite intense competition, the clear global recovery trend keeps investors optimistic about the Dry Malt Market, with more new investments expected to enter the field in the future.
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Which regions are leading the Dry Malt Market?
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
What are the global trends in the Dry Malt Market? Would the market witness an increase or decline in the demand in the coming years?
What is the estimated demand for different types of products in Dry Malt Market? What are the upcoming industry applications and trends for the Dry Malt Market?
What Are Projections of Global Dry Malt Market Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and Export?
Where will the strategic developments take the industry in the mid to long-term?
What are the factors contributing to the final price of Dry Malt Market? What are the raw materials used for Dry Malt Market manufacturing?
How big is the opportunity for the Dry Malt Market? How will the increasing adoption of Dry Malt Market for mining impact the growth rate of the overall market?
How much is the global Dry Malt Market worth? What was the value of the market In 2020?
Who are the major players operating in the Dry Malt Market? Which companies are the front runners?
Which are the recent industry trends that can be implemented to generate additional revenue streams?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Dry Malt Market Industry?
1. Introduction of the Dry Malt Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Dry Malt Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Dry Malt Market, By Product
6. Dry Malt Market, By Application
7. Dry Malt Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. Dry Malt Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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