Malt Extracts And Ingredients Market Worth USD 28.6 Bn by 2034

Overview

New York, NY – July 07, 2025 – The Global Malt Extracts and Ingredients Market is projected to grow from USD  20.5  billion in 2024 to approximately USD  28.6  billion by 2034, reflecting a steady Compound Annual Growth Rate (CAGR) of 3.4% from 2025 to 2034. 

In 2024, Malt Extracts held a leading position in the product segment of the Malt Extracts and Ingredients Market, accounting for 68.2% of total sales. The Dry Form of malt ingredients dominated the form segment in 2024, holding a 59.1% share of the global market. This preference stems from the practical advantages offered by dry formats, including extended shelf life and ease of transport.

Barley remained the most widely used raw material in 2024, accounting for 73.9% of the global malt extracts and ingredients market. The plant-based food trend promotes malt as a natural sweetener and flavor enhancer. An industry report highlights a family-owned malt company announcing a £73 million expansion plan.

Standard Malt led the grade segment in 2024 with a 68.7% market share, demonstrating its widespread acceptance across industrial and commercial applications. The Beverage Industry accounted for the largest application share in 2024, capturing 54.3% of the malt extracts and ingredients market. This segment benefits from malt’s natural ability to enhance taste, color, and mouthfeel in products such as health drinks.

Key Takeaways

• Global Malt Extracts and Ingredients Market is expected to be worth around USD 28.6 billion by 2034, up from USD 20.5 billion in 2024, and grow at a CAGR of 3.4% from 2025 to 2034.
• The malt Extracts and Ingredients Market sees a 68.2% share dominated by extracts, highlighting product preference.
• The dry form holds 59.1% of the market, favored for its longer shelf life and versatility.
• Barley remains the leading source with a 73.9% share, valued for its rich nutritional profile.
• Standard malt accounts for 68.7% of the market, supporting consistent quality across food and beverage sectors.
• Beverages drive 54.3% of market demand, reflecting malt’s popularity in drinks like beer and health tonics.
• The market in Europe reached a value of USD 9.6 billion overall.

How Growth is Impacting the Economy

The Malt Extracts and Ingredients Market significantly impacts the global economy. The rising demand for malt in brewing, especially craft beer, creates jobs in agriculture, malting, and beverage production, with the U.S. craft beer industry. Expanding applications in non-alcoholic beverages and functional foods drive innovation, boosting manufacturing and R&D sectors.

Europe’s dominance supports regional economies through exports and local production. However, fluctuating raw material costs challenge profitability, requiring efficient supply chains. Sustainable sourcing practices, like those of Muntons’ PlantMalt, enhance economic resilience by aligning with consumer demand for eco-friendly products, fostering long-term growth.

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Strategies for Businesses

Businesses in the malt extracts market should focus on innovation, developing new flavors like pomegranate or peach to meet consumer preferences. Investing in sustainable sourcing, such as organic malts, aligns with the demand for clean-label products. Expanding into non-alcoholic beverages and functional foods, like GlaxoSmithKline’s Horlicks, taps into growing health-conscious markets. Strengthening supply chains to mitigate raw material cost fluctuations ensures stability. Collaborations, such as BSG’s partnership with Leopold Bros., can enhance market reach in craft brewing. Finally, leveraging digital marketing to highlight nutritional benefits can attract health-focused consumers, driving sales.

Report Scope

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Key Market Segments

By Product Analysis

• In 2024, Malt Extracts held a leading position in the product segment of the Malt Extracts and Ingredients Market, accounting for 68.2% of total sales. This dominance reflects their broad utilization across food and beverage applications, where their functional benefits, such as natural sweetness, flavor enhancement, and nutritional value, are in high demand.
• Extracts also support clean-label trends by offering natural alternatives to synthetic additives. Their ability to improve texture, extend shelf life, and fit into health-focused formulations has reinforced their widespread adoption in baked goods, beverages, dairy products, and energy bars. 

By Form Analysis

• The Dry Form of malt ingredients dominated the form segment in 2024, holding a 59.1% share of the global market. This preference stems from the practical advantages offered by dry formats, including extended shelf life, ease of transport, and precise dosing in production environments.
• Dry malt extracts provide improved stability and are ideal for formulations in bakery items, nutritional supplements, and beverage mixes. Their powder form ensures better handling and uniformity during processing, contributing to consistent product quality. The continued shift toward operational efficiency and reduced spoilage risks has positioned dry malt as the preferred form in commercial manufacturing.

By Source Analysis

• Barley remained the most widely used raw material in 2024, accounting for 73.9% of the global malt extracts and ingredients market. This high share underlines barley’s long-standing dominance due to its favorable malting properties, including high enzymatic activity and balanced sugar content.
• Barley-based malt extracts are known for their rich flavor, appealing color, and consistent fermentation performance, making them suitable for a wide range of food and beverage products. The extensive supply chain, established processing infrastructure, and nutritional benefits such as vitamins and dietary fiber further support barley’s sustained leadership in the source segment.

By Grade Analysis

• Standard Malt led the grade segment in 2024 with a 68.7% market share, demonstrating its widespread acceptance across industrial and commercial applications. Standard malt is valued for its balanced composition of sugars, enzymes, and nutrients, which ensures reliability in large-scale production.
• Its compatibility with various manufacturing processes and ability to deliver consistent results in flavor, color, and texture make it a cost-effective solution for producers. The dominance of this grade reflects industry reliance on proven, versatile ingredients that support efficiency and quality in high-volume production environments.

By Application Analysis

• The Beverage Industry accounted for the largest application share in 2024, capturing 54.3% of the malt extracts and ingredients market. This segment benefits from malt’s natural ability to enhance taste, color, and mouthfeel in products such as health drinks, malted milk, and fermented beverages.
• The growing consumer preference for natural, functional, and additive-free ingredients has further fueled the demand for malt in beverage formulations. The continued popularity of malt-based drinks, both traditional and innovative, underscores malt’s strong role in enhancing sensory appeal and nutritional value, positioning beverages as the leading application area.

Regional Analysis

Europe maintained a dominant position in the global Malt Extracts and Ingredients Market, capturing 47.3% of the total market share, which amounted to approximately USD 9.6 billion. This stronghold can be attributed to the region’s deep-rooted brewing and baking heritage, along with the increasing consumer preference for clean-label and natural ingredients in food and beverage applications.

North America ranked as the second-largest market, showing steady growth fueled by rising interest in functional foods and natural sweeteners among health-conscious consumers. The Asia Pacific region is rapidly emerging as a promising market, supported by factors such as accelerated urbanization, increasing health awareness, and significant growth in the food processing sectors of countries like China and India.

The Middle East & Africa recorded moderate growth, primarily due to a rise in the consumption of malt-based beverages and baked goods. Latin America demonstrated a stable market trajectory, with growing utilization of malt extracts in dietary supplements and processed food products. Europe’s leadership position is further reinforced by its sophisticated manufacturing infrastructure, established supply chains for malt ingredients, and strong demand for traditional and artisanal food products across the region.

Recent Developments

1. Agraria

• Agraria has expanded its organic malt extract offerings to meet rising demand in the craft brewing and food industries. The company introduced a new low-DP (diastatic power) malt extract for enhanced fermentation control. Agraria is also investing in sustainable sourcing practices to reduce its environmental footprint. Their latest product line includes specialty malt extracts tailored for plant-based and gluten-free applications.

2. Barmalt

• Barmalt recently launched a range of liquid and dry malt extracts with improved solubility and flavor profiles for breweries and bakeries. The company has also partnered with European breweries to develop customized malt solutions. Barmalt is focusing on innovation in non-alcoholic beer malt extracts, responding to the growing health-conscious market. Their R&D team is working on enzyme-enhanced extracts for faster fermentation.

3. Boortmalt

• Boortmalt, a global leader in malt production, has expanded its malt extract division with new facilities in North America and Asia. The company introduced a high-protein malt extract for sports nutrition and functional foods. Boortmalt is also investing in blockchain technology to enhance traceability in its supply chain. Their latest innovation includes a low-carb malt extract targeting the keto-friendly beverage market.

4. Cerex

• Cerex has developed a patented enzymatic process to produce ultra-pure malt extracts with consistent quality. The company recently partnered with a major confectionery brand to supply malt-based sweeteners. Cerex is also exploring applications in fermented plant proteins, leveraging its expertise in malt-derived ingredients. Their new line includes allergen-free malt extracts for sensitive consumers.

5. Diastatische Producten

• Diastatische Producten has introduced a novel diastatic malt powder for improved dough handling in artisanal baking. The company is also supplying malt extracts for the distilling industry, with customized solutions for whiskey and vodka production. Their latest research focuses on bioactive malt compounds for nutraceutical applications. Sustainability initiatives include energy-efficient malt extraction processes.

Conclusion

The Malt Extracts and Ingredients Market is set for sustained growth. Its economic contributions, from job creation to innovation, underscore its importance. Businesses can thrive by embracing sustainability and diversifying applications. With a positive outlook driven by health trends and craft brewing, the market offers significant opportunities. Strategic adaptation to consumer preferences and supply chain challenges will ensure long-term success, solidifying malt’s role in the global food and beverage industry.

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