Malted Barley Market Poised for Steady Growth at CAGR of 3.4% Through 2029

The global malted barley market is expected to reach USD 28.74 billion by 2029, growing at a CAGR of 3.4% from 2023. This growth is driven by several factors, including:

• Rising demand for malt in alcoholic beverages: Beer and whiskey remain the primary applications for malted barley, and growing consumption of these beverages in key regions like Europe and Asia continues to fuel market expansion.
• Increased use in food and pharmaceutical industries: Beyond alcoholic beverages, malt finds applications as an additive, flavoring agent, colorant, and natural product in food and even pharmaceutical products, contributing to market diversification.

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Malted Barley Market Overview:

Malted barley, or malt, is a crucial ingredient in brewing beer and whiskey. It is produced by sprouting, steeping, and kilning barley grains, which triggers the conversion of starches into sugars, essential for fermentation.

Report Scope:

This report offers a comprehensive analysis of the global malted barley market, including:

• Market size and growth projections for 2023-2029
• Segmentation by type (spring and winter barley), application (beer, whiskey, others), and region
• Competitive landscape
• Market trends and growth drivers

Research Methodology:

The report utilizes both primary and secondary data sources, including surveys, interviews, published industry reports, company websites, and trade journals.

Segmentation:

• Type: Winter barley dominates the market due to its high extract potential, lower moisture content, and abundant enzyme activity.
• Application: Beer is the largest segment, followed by whiskey and other applications like food additives and sweeteners.

Regional Insights:

• Europe: Holds the leading share (49.3% in 2022) and is expected to maintain its dominance due to established brewing traditions and a strong focus on barley cultivation and processing.
• North America: Holds significant market share due to high beer and whiskey consumption and disposable income.
• Asia Pacific: Shows promising growth potential driven by rising disposable income and increasing urbanization.

Key Takeaways:

• The malted barley market is expected to witness steady growth, fueled by the ongoing demand for alcoholic beverages and growing applications in food and other industries.
• Europe and North America are established markets, while Asia Pacific holds immense growth potential.
• Winter barley and beer applications dominate their respective segments.

Malted Barley Market, Key Players are:

• ADM
• IREKS GmbH
• Soufflet Group
• United Canadian Malt
• Malting Company of Ireland Limited.
• Axereal Croatia d.o.o
• Muntons Malt
• GrainCorp Malt

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