Market Trends of South America Malt Ingredient Industry
This section covers the major market trends shaping the South America Malt Ingredient Market according to our research experts:
Growing Popularity of Craft Beer Boosting the Market Studied
Malt is a key ingredient in baking formulations, as it possesses dough conditioning properties, and thus is now increasingly being substituted in place of less natural or more costly ingredients, such as synthetic dough conditioners. Malt and malt flour hold the largest share of the market due to their direct consumption for beer, whiskey, and beverages manufacturing. Alcoholic beverage industries have a direct contract with the malt suppliers for two-row, four-row, and six-row malt grains or for malt flours, which creates an unbeatable demand in the market. Barley holds the largest market share due to its preferable malt consumption in the beverage industry. It has a unique enzyme property that makes it dominant over other grains.
Brazil Holds the Prominent Share in the Market Studied
The South American malt ingredient market is divided into Brazil, Argentina, and Rest of South America. The growing demand for alcoholic and non-alcoholic beverages and food products in the South American region drives this market. Brazil has the most significant market share in this region and has the highest growth rate as well, which is estimated to be over 40% among all the countries in South America. In the future it is projected to be the fastest-growing country in the region as a high adopting rate on their independent breweries is focusing on anticipating the highest growth in the malt ingredient market during the forecast period.
