Malt is further processed to obtain liquid or dried sweeteners known as Malt Extracts. Different types of Malt Extracts include Standard Malt Extracts, Specialty and Black Malt Extracts, and Coextracts of Malt and Other Cereal Grains. Standard Malt Extracts are original grain or starch based sweetener. Specialty and Black Malt Extracts have numerous uses in bakery products which include fermentable material, browning, yeast food, and for flavoring agents, color, sweetener, and enzyme source. Malt extracts made from Barleyare sweet in taste and it contains vitamin B, amino acids and easily digestible protein. It is used as a sugar substitute in nutritional food products and also as a sweetener for tonic beverages. Barley malt extract when mixed with cod liver oil is beneficial for use as a dietary supplement. The main medicinal use of barley malt extract is for the promotionof bowel health which is achieved by encouraging regular bowel movements. Various malt extracts are also used for brewing beer and also in preparation of whiskey.
The global liquid malt extractsmarket is driven by the diversified uses of liquid malts in beverages and pharmaceutical industry. One of the major factors boosting the growth of liquid malt extracts market is the use of malt extracts in pharmaceutical industry.The use of malt extracts in areas such as cancer prevention, health products, source various vitamins and proteins and in dietary supplements is fueling the market growth globally. The increasing use of malt extracts in bakery and food products is also expected to propel the growth of malt extracts market globally.
The liquid malt extracts market is classified on the basis of source, grade, application and regions. On the basis ofsource, the liquid malt extracts market is segmented into Barley, Wheat, Rye and Others. On the basis ofgrade, the liquid malt extracts market is segmented into Specialty Malt and Standard Malt.On the basis of application, the liquid malt extracts market is segmented into Food, Alcoholic Beverages, Non-Alcoholic Beverages, Pharmaceuticals and Others.
The market for liquid malt extractsis evaluated based on five regions namely North America, Europe, Asia-Pacific, Latin America and Middle East. Asia Pacific holds a major share in the liquid malt extractsmarket owing to rapidly growing population and increasing health awareness among the developing countries. The European malt extracts market is also expected to receive high growth during the forecast period due to use of malt extracts in alcohol production and bakery products.
Some of the major players operating in the global liquid malt extracts market include Aociated British Foods, MuntonsIreks, Doehler, Maltexco, Brie Malt & Ingredients, Barmalt, Harboe/Barlex, The Malt Company, Northern Brewer, Malt Products, Huajia Food, PureMalt Products, Guangzhou Heliyuan Foodstuff.Major players operating in the global market are focused on some of the major market strategies such as partnerships, mergers,collaborations and acquisitions to hold their position competitive global market. Likewise, they are engaged on gaining hold on the local players to support their product distributionand to develop their market reach in the global market.
The liquid malt extracts market is classified
Based on source
Based on grade
• Specialty Malt
• Standard Malt
Based on application
• Alcoholic Beverages
• Non-Alcoholic Beverages
Based on region
• North America
• Latin America
• Middle East