Market Share of Malt Ingredient Industry
The malt ingredient market is highly fragmented owing to the presence of many global, regional, and local players competing for a significant market share. The key players in the market are Axereal, Simpsons Malt Limited, GrainCorp Limited, VIVESCIA, and Soufflet Group, among others. Manufacturers are also expanding their ingredient sources to enter into new applications. Key players are adopting strategies such as product innovation, partnerships, mergers, and expansion, among others, to gain a competitive edge.
For instance, in June 2020, Cargill, Incorporated launched SweetPure M Barley and Wheat Malt Syrup, a label-friendly and unrefined sweetener for snack bars, cereal, and bakery applications. With this launch, the company aimed to expand its product portfolio. Furthermore, advanced distribution networks and manufacturing expertise give an upper edge to the manufacturers to expand their range of products worldwide.
Malt Ingredients Market Leaders
Axereal
GrainCorp Limited
VIVESCIA
Soufflet Group
Simpsons Malt Limited
*Disclaimer: Major Players sorted in no particular order
