Europe Malt Ingredient Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

Europe malt ingredient market is forecasted to grow with a CAGR of 6.9% during the forecast period (2019-2024)

• The European malt ingredients market, led by the United Kingdom, France, Russia, and Germany, is poised to grow owing to increase in bakery and brewery industries.
• Europe is the major producer and consumer owing to increasing consumer trend toward craft beer consumption.
• Malt has been a primary source of brewery for decades. With the growing awareness of malt benefits, the scope of it has tapped the food industry as an additive, flavor, colorant and ingredient. Malt is mainly available as beer, milk powders, snack bars, flakes, syrups, and cookies.

Scope of the Report

Europe malt ingredient market is segmented by Application into Brewing, Distilling, Bakery, Beverages (Non-Alcoholic), Confectionery and Others; by Geography

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Key Market Trends

Increasing Beer Consumption In Europe

The key driver for this market is the use of malt in the beer industry, which is growing at a fast rate. Its widespread use in the food industry is another driver for the growth of this market.  Opportunities for this market lie in the use of different types of malt extracts in food products.  Growing popularity of wine and other beverages acts as a hindrance in the growth of this market, as this would reduce the consumption of beer. Increase in the use of organic malt in making breweries is boosting the growth of the market. The major challenge to this market is the entry of local players in the market. They offer low-quality products, and thus are able to generate a broader customer base.

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