Market Size of North America Malt Ingredients Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 8.60 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North America Malt Ingredient Market Analysis
North America Malt Ingredients Market is forecasted to grow at a CAGR of 8.6% during the forecast period (2020 - 2025).
- The Malt Ingredients Market in the region has been predominantly driven by the huge demand from the brewery industry, especially the growing consumer trend for craft beer. In the United States, craft beer is a growing segment, which makes up most of the breweries in the country.
- Barely is considered as the major source for malt ingredients. It is mainly used in the beverage industry, owing to its unique enzymatic property.