Europe Malt Extract Market Analysis Will Expand at a CAGR of 5.6% from 2016-2026
Future Market Insights has announced the addition of the “Malt Extract Market: Europe Industry Analysis and Opportunity Assessment 2016-2026" report to their offering.
Future Market Insights has announced the addition of the “Malt Extract Market: Europe Industry Analysis and Opportunity Assessment 2016-2026" report to their offering.
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<strong>Europe</strong> <strong>Malt</strong> <strong>Extract</strong> <strong>Market</strong><br />
Preference for sugar-free label products: Non-diast<strong>at</strong>ic malt extracts n<strong>at</strong>urally convert to sugar,<br />
reducing the need for addition <strong>of</strong> sugar. Owing to these factors, demand for malt extracts is expected<br />
to witness an increase during <strong>2016</strong>-<strong>2026</strong>.<br />
A Highly Fragmented <strong>Market</strong><br />
Top three players – Group Soufflet, VIVESCIA Industries, and Cargill Incorpor<strong>at</strong>ed – account for over 28%<br />
volume share <strong>of</strong> the <strong>Europe</strong> malt extract market. The <strong>Europe</strong> malt extract market remains quite<br />
fragmented fifteen players accounting for nearly 72% volume share. Both established and emerging<br />
players are focusing on increasing their production capacity and acquisition <strong>of</strong> niche players to boost their<br />
market position.<br />
The <strong>Europe</strong> malt extract market was valued <strong>at</strong> US$ 7.53 billion in <strong>2016</strong>. Future <strong>Market</strong> Insights projects it<br />
to grow <strong>at</strong> <strong>5.6%</strong> <strong>CAGR</strong> during the forecast period <strong>2016</strong>-<strong>2026</strong>, reaching US$ 12.94 billion in revenues.<br />
Barley Remains the Largest Source<br />
Barley remains the largest source for malt extracts, accounting for nearly 75% revenue share <strong>of</strong> the<br />
market in <strong>2016</strong>. In <strong>2016</strong>, this segment was valued <strong>at</strong> US$ 5.63 billion; in terms <strong>of</strong> volume, demand for<br />
barley was worth nearly 9 million tonnes in <strong>2016</strong>. Whe<strong>at</strong> remained the second largest source, followed<br />
by rice and rye.<br />
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