Market overview:
Malt Extracts and Ingredients Market has been valued $23 billion in the year 2019 and it is estimated to reach $39 billion by the year 2026, with a CAGR of 4% from 2021 to 2026. Malt Extracts and Ingredients is a cereal grain, typically barley that, once sprouted, is dried (in a process called malting). Once dried, malt is often ground into a slightly sweet powder, interchangeably referred to simply as malt or sweet meal; these are the main factors that have considerably increased the demand for the Malt Extracts and Ingredients in the market, thereby driving the huge growth of the Malt Extracts and Ingredients market in the upcoming years.

Market Drivers and Restrains:
The main factors that have considerably increased the demand for the Malt Extracts and Ingredients in the market is mainly due to the Rising demand of malt extracts and the ingredients in the food and beverages industry is increasing the market growth. Malt is formed by the use of malting grade cereals, and by using barley or wheat and other cereals. Barley is therefore used for malting because it enhances the ability to process easily and then used as natural enzyme which is later used in processing and to convert starch into sugar, proteins and amino acids. With the increasing consumption of alcohol is another factor for the market growth; these are the main factors that have considerably increased the demand for the Malt Extracts and Ingredients in the market, thereby driving the huge growth of the Malt Extracts and Ingredients market in the upcoming years

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Report is segmented as:
Malt Extracts and Ingredients Market is segmented on the basis of by:
By Product (Extracts and Ingredients)
By Source (Soy, Wheat, and Rye)
By Grade (Standard and Specialty)
By Application (Food & Beverages and Pharmaceuticals)
By Form (Dry and Liquid)

Geographical Segmentation:
Malt Extracts and Ingredients Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa and rest of world. North America has the dominant share in the Malt Extracts and Ingredients is due to the increasing awareness of people about health dietary habits, and with the increase consumption of beer and the rise in craft breweries these are the main factors that have considerably increased the demand for the Malt Extracts and Ingredients in the North America , followed by Europe, Asia Pacific, Latin America and Middle East & Africa will register a slower increase in the Malt Extracts and Ingredients Market

Impact of COVID-19 on Market
Covid -19 pandemic has affected every industry, and the long-term consequences are projected to influence the Malt Extracts and Ingredients boom for the duration of the forecast period. COVID-19 has adversely affected the Malt Extracts and Ingredients market. The restrictions and lockdown imposed by means of the authorities in quite a few international locations has gradual down the market and reduce the Malt Extracts and Ingredients. In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus are expecting to raise the Malt Extracts and Ingredients market growth.