Market Size of Europe Malt Ingredient Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.90 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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EU Malt Ingredients Market Analysis
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.