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  • Published On : May 2022
  • Code : CMI5026
  • Industry : Food and Beverages
  • Pages : 110
  • Formats :

Malted barley, or malt, is barley that has been allowed to germinate (or sprout) by being soaked in water. By doing this to the grain, the starches are converted into fermentable sugars. The process ensures that starch in the grain can be made into alcohol. This process is known as malting, this is an important step in the process of producing whisky as well as beer. Malt is also used to make confections such as malted shakes, malt vinegar, flavoured shakes like Milo and Horlicks and some baked goods such as bagels and malt loaf. Malted barley is an ingredient used to manufacture yeast bread and other baked goods.

The Malted Barley market is estimated to surpass US$ 9.92 million by the end of 2028 in terms of revenue, exhibiting a CAGR of 2.3% during the forecast period (2021 to 2028).

Drivers

One of the key factors expected to stimulate market growth during the forecast period is the multiple applications of malted barley in distillery, food industry, beer industry and pharmaceutical industry. Malted barley is the main ingredient in the beer manufacturing, the unique flavour of the beer is due to the malted barley from which it is made of. There is a growing demand for the beer due to the awareness among the people related to its health benefits, improved nutritional qualities and reducing heart related problems. The growth in the beer market is simultaneously increasing the demand for the malted barley.

Malted barley is been used as a source of nutrients which is extracted from the process of fermentations e.g. the production of butanol, glycerol, and acetone. Malt extracts and syrups are prepared by concentrating worts (Wort is the liquid extracted from the mashing process during the brewing of beer or whisky) by evaporation. These products are widely used in baking, confectionery, breakfast cereals, malt beverages, dairy products, and condiments and as a caramel substitute. 

Among regions, Europe held dominant position in the malted barley market in 2020, accounting for 29.8% market share in terms of revenue, followed by Asia Pacific and North America.  For instance, in June 2021, Boortmalt, an international malting company announced a significant multi-million pound investment to expand its malting facility in Buckie, on the Morayshire coast. The expansion supports the growing demand for malt in whisky distilling and brewing. Boortmalt’s expansion of its site sees production capacity increased by 50% to approximately 90,000 million tons per year. This expansion has increased the market for the malted barley in the European region.

Figure 1. Malted Barley Market Revenue Share (%), By Region, 2020

Malted Barley  | Coherent Market Insights

Market Restraints

The cost of the raw material for the production of the malted barley is hampering the market for the malted barley worldwide. Due to the demand for raw barley from various industries such as breweries, distilleries, and others as a raw material, the price of barley has increased significantly. The supply of malt in both the domestic and global markets, as well as demand for malt and malt products, impact the price of barley. Increasing malted barley prices are influenced by the shipping and storage cost as well. These higher cost of the raw material is negatively affecting the growth of malted barley market.

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Malted Barley Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 8.46 Mn
Historical Data for: 2017, 2018, and 2019 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 2.3% 2028 Value Projection: US$ 9.92 Mn
Geographies covered:
  • Region: North America, Latin America, Europe, Asia Pacific, Middle East and Africa
Segments covered:
  • By Type: Basic Malt, Special Malt
  • By Form: Flakes, Pellets, Granular, Powder, Liquid
  • By Application: Brewing (Beer, Whiskey etc.), Food Industry, Pharmaceutical, Others
Companies covered:

Graincorp, Rahr Corporation, Soufflet Group, Malt Products Corporation, Barmalt, Muntons plc, Viking Malt PureMalt, Imperial Malt Ltd, Malteurope, BOORTMALT, Maltexco S.A., Holland Malt,  IREKS GmbH, and Simpsons Malt 

Growth Drivers:
  • Health benefits of malt based food
  • Multiple applications of malted barley in the various industries
Restraints & Challenges:
  • High cost of the raw barley grains 

Market Trends

The growing demand for the malted barley in the food processing industry is driving the market for the malted barley. In food processing various types of malts are available in the form of extracts, syrups, liquid or dry, enzymatic or non-enzymatic, dark or light coloured. Malts are used by many segments of the food industry and are used according to their solid content, enzymatic activity, colour, pH factor, ability to reduce sugar level, protein, ash and microbiological profiles. For instance, according to the report by the food navigator in 2020, food processing industries are using malted barley as a source of high protein and phytochemical content. The implication of phytochemicals in the food products provides antioxidants and nutrition for the human body. The rise in the awareness among the people related to the health benefits of the malted food is growing the market for the malted barley.

Figure 2. Malted Barley Market Revenue Share (%), By Form, 2020

Malted Barley  | Coherent Market Insights

On the basis of form, in 2020, Flakes held largest revenue share of 28.63% in malted barley market. Malted Wheat Flakes add a delicious nutty, sweet flavour to recipes, especially bread. Used in bread, malted wheat flakes add a rusticity to a loaf and an extra malty flavour. Full of insoluble fibre, they are a nutritious grain that adds texture and flavour.

Malted Barley Market - Impact of Coronavirus (Covid-19) Pandemic

Most industries across the world have been negatively impacted over the last few months due to the covid-19 pandemic. This can be attributed to significant disruptions experienced by their respective manufacturing and supply-chain operations as a result of various precautionary lockdowns, as well as other restrictions that were enforced by governing authorities across the globe. The same applies to the global malted barley market. Moreover, consumer demand has also subsequently reduced as individuals are now keener on eliminating non-essential expenses from their respective budgets as the general economic status of most individuals have been severely affected by this outbreak. However, as respective governing authorities begin to lift these enforced lockdowns, the global malted barley market is expected to recover accordingly. 

Competitive Section

Key players operating in the malted barley market include Graincorp, Rahr Corporation, Soufflet Group, Malt Products Corporation, Barmalt, Muntons plc, Viking Malt PureMalt, Imperial Malt Ltd, Malteurope, BOORTMALT, Maltexco S.A., Holland Malt,  IREKS GmbH, and Simpsons Malt.

Malted Barley is produced from raw barley grains. Malted Barley is produced under strict supervision to ensure high levels of purity and consistency in food products.  Malted Barley is used in various applications within the food, beverages, distilleries and pharmaceutical industries. The Malted Barley is used in food applications, as a high-protein form of malted barley is often a label-listed ingredient in blended flours typically used in the manufacture of yeast bread and other baked goods. The Malted Barley has been gaining increasing demand in various applications such as beer, whiskey, malted milkshakes, malt vinegar, confections such as Maltsters and Whoppers, flavored drinks such as Horlicks, Ovaltine, and Milo, and some baked goods, such as malt loaf, bagels, and rich tea biscuits.

For instance, according to the US Food & Drug Administration (FDA), Section 76 of the USGSA (United States Grain Standard Act) authorizes GIPSA (Grain Inspection Packers and stockyard Administration) to establish and maintain the standard of barley and other grain regarding, kind, class, quality, and condition. The barley standard facilitates the marketing of barley defines the U.S. barley quality and terms of use in the domestic and global marketplace. The use of malted barley in food products is known to increase the nutritional qualities of the food products. This is expected to increase the demand for malted barley across the globe. Malted Barley is widely used for different types of beverages, as it is the main ingredient for many beverages. The special taste and flavor of beverages such as beer and whiskey is form the malted barley which is used for their production.

Malted Barley has also found a profound place in the bakery & confectionery industry. The FDA categorized beta-amylase which is present in the malted barley as GRAS (generally recognized as safe) that further led to an increasing demand for the malted barley in the bakery & confectionery industry. For instance, malted barley are used in the bakery and confectionary as malt flour. Malted barley is de hulled and ground to form malt flour, malt flour is rich in alpha amylase which increases the diastatic (the presence of enzymes such as alma-amylase and beta-amylase) activity of wheat flour.  The malt flour increases in diastatic activity during the baking which make yeast food more available in the flour during baking.

Key features of the study:

  • This report provides in-depth analysis of malted barley market, and provides market size (US$ Million and Tons) and compound annual growth rate (CAGR %) for the forecast period (2021-2028), considering 2020 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the Malted Barley market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Graincorp, Rahr Corporation, Soufflet Group, Malt Products Corporation, Barmalt, Muntons plc, Viking Malt PureMalt, Imperial Malt Ltd, Malteurope, BOORTMALT, Maltexco S.A., Holland Malt, IREKS GmbH, and Simpsons Malt.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
  • The malted barley market report caters to various stakeholders in this industry including investors, suppliers, extruded aluminum profiles manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the malted barley market

Detailed Segmentation:

  • Malted Barley Market, By Type:
    • Basic Malt
    • Special Malt
  • Malted Barley Market, By Form:
    • Flakes
    • Pellets
    • Granular
    • Powder
    • Liquid
  • Malted Barley Market, By Application:
    • Brewing
      • Beer
      • Whiskey
    • Food Industry
    • Pharmaceuticals
    • Others
  • Malted Barley Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East & Africa
      • By Country/Region:
        • Middle East
        • Africa
  • Company Profiles
    • Graincorp*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Rahr Corporation
    • Soufflet Group
    • Malt Products Corporation
    • Barmalt
    • Muntons plc
    • Viking Malt PureMalt
    • Imperial Malt Ltd
    • Malteurope
    • BOORTMALT
    • Maltexco S.A.
    • Holland Malt
    • IREKS GmbH
    • Simpsons Malt

“*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The malted barley market is estimated to surpass US$ 9.92 million by 2028 and is expected to exhibit a CAGR of 2.3% between 2021 and 2028.
Growing demand for the malted barley in beer and food processing industries are expected to drive the market.
The malted barley is a rich source of natural nutrition such as natural protein, carbohydrates and potassium by which it is highly incorporated in the food products which is a latest trend in the market.
The high cost, high charges of supply chain, low availability of the barley with the demand are the factors hampering the market.
Major players operating in the market include Graincorp, Rahr Corporation, Soufflet Group, Malt Products Corporation, Barmalt, Muntons plc, Viking Malt PureMalt, Imperial Malt Ltd, Malteurope, BOORTMALT, Maltexco S.A., Holland Malt,  IREKS GmbH, and Simpsons Malt.
The market is estimated to be valued at US$ 8.46 million in terms of revenue in 2021.

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