Market Size of South America Malt Ingredient Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.81 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Malt Ingredient Market Analysis
The South America malt ingredient market is projected to register a CAGR of 6.81 %, during the forecast period of 2020-2025.
- The increase in consumption of processed and convenience food products in emerging markets of South America has contributed to a growth in the sales of malt ingredients. An increase in consumer awareness regarding the health benefits of malt ingredients and the wide range of applications in the food industry are driving the market.
- The region has been a very strong performer. Consumers have traded up, buying more expensive beer, which is evident in the rising popularity of craft beer.
