Malts are the germinated cereal grains that are dried and processed after soaking them in water. The process is termed as malting where the grains develop the enzymes that are further required to modify them into starch and other types of sugar. Further, these enzymes develop proteases that break the proteins down into forms that can be used in the formation of yeast. Popularly, malts are used to manufacture beer, whisky, vinegar and other confectionery and bakery items.
The rich tea biscuits and loafs of bread are all the blended forms of product from processed malts. The process of malting is tedious, in the terms of time taken to convert the barley through brewing and distilling it by spreading it in the malt house or malting floor. Barley is the most common ingredient to malt the grain as it has high retention capacity of the husk even after threshing. Malts extract are sweet substance popularly used for dietary supplement. Malt extract is majorly used in the brewing of beer where the brewers mash the barley to extract the sugars in it.
Liquid malts are packed cautiously in heavy-duty, oxygen carrier bags is order to maintain its freshness and purity. There are certain drivers that are pushing the demand for liquid malt extract in the market. Malt extract are known as a powerful brewing ingredient as it helps in taking out the variables through different temperatures and volumes. Liquid malt extracts have molasses like consistency and can be used in various culinary purposes, especially in proving flavours in ice cream and other types of milk shakes.
Nevertheless, liquid malts are messy and difficult to preserve. This is major restraint acting in the growth of the liquid malt extract market. Moreover the quality of barley and other seasonal variations also hinder the growth of this market. However, both the dry and liquid form of malt extract are rich in dietary supplement and brings a sweet taste with different health benefits to the product.
The liquid malt extract market can be segmented on the basis of source, grade and applications. On the basis of source the liquid malt extract market can be further segmented into barley, wheat, rye and other sources. The most commonly sourced malt is from the barley due to it being rich in dietary fibre that helps in the digestion of the end product. By grade, the market can be segmented into standard malt and specialty malt. On the basis of application, the liquid malt has different usage.
It can be used in the making of alcoholic beverages, non-alcoholic beverages, food, pharmaceuticals and other applications. The beer making is the most common form of alcoholic beverage that malts are used for. Alcohol based malt beverages are more dilute in its form and contains less mineral and vitamins. The consumption of malts in pharmaceuticals, personal care products and pet food is lesser in comparison to its usage in food and beverage segment.
The liquid malt extract market is a global product and is prevalent globally in all regions. North America, Europe, Asia- Pacific, Latin America, Middle East and Africa all produce and consume malt extract in varied areas. Europe is the most dominant market in the domain followed by North America. Countries such as France, Belgium, and Australia have emerged to be the largest producers and exporters of liquid malt extract in the world.
The major players dominating the liquid malt extract market are Axereal Group, Cargill Incorporated, Graincrop Limited, Malteurop Group, Soufflet Group, Crisp Malting Group, Global Malt Gmbh & Co. Kg, Ireks Gmbh, Muntons Plc and Simpsons Malt Ltd are a few among other leading producers of malt in the world.
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