The new report by Expert Market Research titled, ‘Global Barley Malt Syrup Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global barley malt syrup market, assessing the market based on its segments like nature, type, distribution channel, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2025)
• Historical Market Size (2019): 153 million metric tons
• Forecast CAGR (2020-2025): 4%
The changing consumer preferences towards natural and organic food products owing to the rising health consciousness, are driving the global barley malt syrup market. Malt barley is one of the most common grains used in beer brewing. Thus, the rising beer industry is fuelling the demand for the product. Malt barley is gaining popularity due to its high nutritional content, such as vitamins and minerals. It is also being adopted as a substitute for sugar and honey in the bakery and confectioneries industry. Diastatic malt syrup prolongs the shelf life of baked goods, reduces the need for additional sweeteners, and can, thus, be categorised as sugar-free.
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Industry Definition and Major Segments
Barley malt syrup refers to a natural sweetener that is extracted from malt barley. It is being used as a substitute for sugar and honey, owing to its characteristic aroma features in several different products. Barley malt syrup is obtained from soaked and sprouted barley.
Based on nature, the market can be divided:
Based on type, the industry can be divided into:
The distribution channels of barley malt syrup can be categorized into:
• Direct sales
• Indirect sales
By application, the market can be segmented into:
• Food Industry
• Alcoholic Beverages
The major regions of barley malt syrup are:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
The leading players in the bakery and confectionery industry are emphasising on the usage of natural food colours and flavours over synthetic additives. The recent consumer shift towards clean-label food products, which demand organic ingredients, is aiding the market growth of barley malt syrup. Stringent regulations on the usage of food additives by governments across the globe are driving the market. The increasing usage of malt barley in the manufacturing of both alcoholic and non-alcoholic beverages is fuelling the developments in the industry. Furthermore, the rising availability of the product on various e-commerce platforms is anticipated to bolster the barley malt syrup growth over the forecast period.
Key Market Players
The major players in the market are Cargill, Incorporated, Malt Company (India) Pvt. Limited, Muntons plc, and Diastatische Producten, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers, and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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