The global malt ingredient for bakery market has been rising on account of advancements in the confectionery business. Several forms of malt are available in the market, and each of them are useful for the manufacture of different products. Hence, the demand within the global market for malt ingredient for bakery has been rising at a stellar pace in recent times. The food industry has been making strides of advancement over the past decade, and several sub-industries have gained from this rate of growth. The bakery industry has especially become an immensely popular industry across multiple regional pockets. New bakery products are being introduced at a rapid pace, and this factor is a key consideration for market growth. Hence, there is little contention about a starry rate of growth within the global malt ingredient for bakery market.
Cakes are in great demand across the globe for events, celebrations, and parties. It has become a common practice to distribute cakes at birthday parties and other events. This trend shall play a key role in the growth of the global market for malt ingredient in the years to come. There is also a high possibility of new confectioneries being added to the shelves of bakeries which has in turn propelled market demand.
Transparency Market Research (TMR) predicts that the global malt ingredients for bakery market would expand at a stellar CAGR of 4.7% over the period between 2016 and 2024. The cumulative revenues of the global malt ingredient for bakery market are projected to reach a valuation of US$7.3 bn by 2024.
Doughnuts and Pizzas to Attract Commendable Demand
The demand within the global malt ingredient for bakery has been rising on account of increased need for bread and biscuit across confectioneries. Based on end-product, the demand for malt ingredients for processing pizzas has been escalating to new heights in the years to come. Moreover, the malt ingredients are also extensively use for producing doughnuts and pastries. Furthermore, the need for biscuits is so omnipresent that all units including houses and hotels store cookies in huge amounts. Based on the type of product, the malt ingredient for bakery market is segmented into malt flour, dry malt, and liquid malt. The popularity of dry malt has been increasing on account of advancements in the field of bread manufacturing. The market for malt ingredient for bakery has is projected to expand alongside advancements in the global confectionery industry.
North America to Emerge as Leading Regional Segment
The malt ingredient market for bakery in North America has been expanding at a stellar pace over the past decade. This majorly owes to the presence of bakeries and confectioneries in the US and Canada. Furthermore, the popularity of cookies and pizzas in the US has also played a major role in propelling demand within the global malt ingredient market. The malt ingredient market for bakery in Europe has been expanding on account of the growing popularity of cookies and doughnuts. The new avenues that have emerged in the malt ingredient market including standard specialty products are also a key standpoint for growth.
Some of the key vendors in the global market for malt ingredient market are Malt Products Corporation, VIVESCIA Industries, Malteries Soufflet SAS, and Simpsons Malt Limited.
The report covers forecast and analysis for the global malt ingredient market for bakery on the global as well as regional levels. The study provides actual data of 2015 along with forecast for 2017 to 2024 based on volumes (metric tons) and revenue (US$ Mn). The study includes drivers, restraints, opportunities, and trends for the global malt ingredient market for bakery with their impact on demand during the forecast period. Market dynamics in the report are justified with the help of quantitative and qualitative data, which are verified by primary and secondary sources. The report includes segmentation, targeting & positioning (STP) analysis and value proposition analysis to enable clients to differentiate their strategy.
In order to provide users of this report with comprehensive view of the market, TMR have included detailed competitiveness analysis and profiles of company players with unique selling propositions. The competition dashboard provides detailed comparison of malt ingredient manufacturers on parameters such as strategic focus, unique selling proposition, and market share. The study also provides market attractiveness analysis by application, product type, by source, by grade and by region.
Inflation is not part of pricing in this report. Prices of malt ingredient vary in each region. Hence, similar volume-to-value ratio does not follow for each individual region. Prices of malt ingredient across major regions have been taken into account while estimating and forecasting market revenue on the global basis. We have used bottom-up approach to arrive at the global market, considering individual product segments and integrating them to deduce global numbers.
For this research report, we conducted in-depth interviews and discussions with key industry experts and opinion leaders. We reviewed key players’ product literature, press releases, white papers, annual reports, and relevant documents for competitive analysis and market understanding. Secondary sources include technical documents, statistical data from government websites, trade associations, and agencies. This has proven to be an effective, reliable, successful approach to deduce precise market data and recognize business opportunities.
Key players in global malt ingredient market for bakery in the report include Simpsons Malt Limited, Malteries Soufflet SAS, Briess Malt & Ingredients Co., Malt Products Corporation, Polttimo Oy, Muntons plc, VIVESCIA Industries, Dohler GmbH, IREKS GmbH, GrainCorp Malt Group, RAGLETH LTD., Cargill, Incorporated and Axereal Group.
The global malt ingredient market has been segmented as follows:
- Global malt ingredient market for bakery on the basis of product type
- Dry Malt
- Liquid Malt
- Malt Flour
- Global malt ingredient market for bakery on the basis of source
- Global malt ingredient market for bakery on the basis of application
- Cakes & Pastries
- Global malt ingredient market for bakery on the basis of grade
- Global malt ingredient market for Bakery– Regional Analysis by region
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- Asia Pacific (APAC)
- Australia & New Zealand
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- Rest of MEA
- North America