Malt Ingredients Market – Global Industry Trends and Forecast 2027
MALT INGREDIENTS MARKET Malt Ingredients Market generated a revenue of USD 17019 million in 2019 and is forecast to register a CAGR of 3.3% during the forecast period (2020-2027), owing to the growing adoption of malt ingredients in various industries which include personal care, pharmaceutical, and food and beverage. Key Drivers Growing health awareness among consumers and increasing consumption of beer and other alcoholic beverages are the major factors fueling the malt ingredients market growth. With the growing awareness about the benefits of malt ingredients, the demand for malt ingredients in the food and beverage industry, which is driving the malt ingredients market size . Other factors such as rising disposable income, growing demand for different ready to consume packaged foods will expand the market growth. Furthermore, the growing use of malt ingredients in the dairy industry for several purposes such as flavoring of the milk and ongoing product innovations such as t...