The “Malt Ingredient Market” was valued at $20.4 billion in 2021, and is estimated to reach $29.4 billion by 2031, growing at a CAGR of 3.9% from 2022 to 2031. India is one of the major developing countries and it holds the biggest market share in the overall whiskey market. Such development in modern trades in countries like India is expected to boost the overall malt whiskey market. The alcohol consumption percentage is comparatively high among youth, and the youth generation mostly prefers the attractiveness of places and the popularity of weekend holidays is growing among the youth, which are prominent factors driving the Malt Ingredient Industry.
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The players operating in the global malt ingredients market have adopted various developmental strategies to increase their Malt Ingredient Market Share, gain profitability, and remain competitive in the market. The key players included in the Malt Ingredient Market Analysis are – Axereal, Barmalt, Briess Malt & Ingredients, Cargill, Inc., CereX BV, Crisp Malting, GrainCorp Limited, Groupe Soufflet, Holland Malt, Imperial Malt Limited, Malteurop, Maltexco S.A., Maltproducts, Muntons plc, Puremalt, Rahr Corporation and Simpsons Malt Limited.
Regional Outlook:
Europe was the highest revenue contributor, accounting for $8,604.7 million in 2021, and is estimated to reach $11,087.0 million by 2031, with a CAGR of 2.7%. One of the most common cereal grains, malt, is made from barley, which is first soaked in water before being dried in hot water. This method enables the germination of the barley.
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