South America Malt Extracts Market

Market Introduction

Malt extract is a sweet substance extracted from malted grains which are germinated cereal grains dried during malting process. It is extensively used in the brewing of beer. It is produced in two forms dried and liquid malt extracts. The liquid malt extracts is a liquid with high viscosity used as a natural food ingredient. It is available in different color levels ranging from light to dark shades whereas the dry malt extract is made by further spray drying of liquid extract. Malt extract has been in use in multiple products for its unique flavor characteristics, and works as a sugar or honey substitute in many recipes such as baked good like bars, cereals, cookies, bars, and many others. It helps in enhancing flavors, aromas, and colors. It is also used as dietary supplement besides baking and brewing. Brewers prefer liquid malt extract since it requires fewer processing step and appeals to those who want purest form of the product. The malt extracts market is anticipated to grow in the forecast period owing to driving factors such as increasing demand for craft beer coupled with growing adoption of natural and organic food.

Market Overview and Dynamics

The malt extracts market in SAM is expected to reach US$ 117.89 million by 2027 from US$ 75.05 million in 2018; it is expected to grow at a CAGR of 5.2% from 2019 to 2027. The surging consumption of craft beer among the millennial population is the key factor driving the SAM malt extracts market. An increasing number of lounges, breweries, and bars is boosting the growth of this market. The rise in the millennial population is anticipated to create a lucrative opportunity for craft beer in the forecast period. The per capita consumption of beer is substantially high, and craft beer is no expectation. As from the total beer market, the craft beer market holds nearly 15% market share. The growth of the Gen Y and Gen X population has also incited the demand for craft beer. Depending upon the brewer’s formulation, the beer producers are adding a variable amount of malt extracts, which boosts the growth of the market. Besides, increasing demand for natural ingredients is expected to create high potential opportunities for malt extract manufacturers. Opportunities for market participants in the malt extract are rising due to the increasing demand for sugar substitutes. Competitive pricing and numerous manufacturing benefits are also boosting food manufacturers to opt for malt extract. However, seasonal variations and quality of barley is the major restraint for the growth of the malt extracts market.

COVID-19 pandemic has affected industries and economies in various countries due to lockdowns, business shutdowns, and travel bans. Brazil has the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina. The government of SAM has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that SAM will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the United States, which are important trade partners. Containment measures in several SAM countries will reduce economic activity in the manufacturing sectors for at least the next quarter, with a rebound once the epidemic is contained.

Key Market Segments

The market for malt extracts is segmented into form, nature, and application. Based on form, the market is segmented into liquid and powder. In 2018, The SAM malt extracts market was dominated by the liquid segment. Based on nature, the malt extracts market is divided into organic and conventional. Organic segment is expected to be the fastest growing segment over the forecast period. Based on application, the malt extracts market is segmented into food, beverages, pharmaceuticals, and others. The beverages segment held the largest share in 2018 and it is projected to continue its dominance over the forecast period.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the malt extracts market in SAM   are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Maltexco S.A., Ireks Gmbh, Groupe Soufflet, Malt Products Corporation, Muntons Plc, CALSA SA, and Liotecnica among others.

Reasons to buy report

• To understand the SAM malt extracts market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for SAM  malt extracts market
• Efficiently plan M&A and partnership deals in SAM malt extracts market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form SAM malt extracts market
• Obtain market revenue forecast for market by various segments from 2019-2027 in SAM region

SAM Malt Extracts Market Segmentation

SAM Malt Extracts Market – By Form

• Liquid
• Powder

SAM Malt Extracts Market – By Distribution Channel

• Organic
• Conventional

SAM Malt Extracts Market – By Application

• Food
• Beverages
• Pharmaceuticals
• Others

SAM Malt Extracts Market – By Country

• Brazil
• Argentina
• Chile
• Rest of SAM

Company Profiles

• Maltexco S.A.
• Ireks Gmbh
• Groupe Soufflet
• Malt Products Corporation
• Muntons Plc
• CALSA SA 
• Liotecnica

South America Malt Extracts Market Strategic Insights

South America Malt Extracts Market Segmentation Analysis

South America Malt Extracts Market Report Highlights

South America Malt Extracts Report Scope

South America Malt Extracts Market Country and Regional Insights