Malted Barley is the fastest growing segment fueling the growth of Malt Ingredient Market
The global Malt Ingredient Market is estimated to be valued at US$ 6.11 Bn in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Malt ingredients are grains or seeds that have been allowed to partially germinate by soaking and then halted from germinating further with the application of heat. This process produces enzymes that break down the grains' starches and proteins which produces sugars and improves flavor. The malted grains are then used to make beers, whiskies, foods like cereals and baked goods. Market Key Trends: Malt Ingredient market is witnessing increasing usage in beer manufacturing as it enhances the taste and aroma besides improving health. The growing craft beer industry is one of the major drivers of increased demand for Malt Ingredient. According to the Brewers Association, the number of craft breweries in the United States ...