Barley Malt Syrup Market to Exhibit Impressive Growth During 2018-2028
Barley Malt Syrup Market: Introduction
Barley Malt Syrup is an unrefined dark brown coloured, natural liquid sweetener with a pleasant taste. Barley malt syrup is cooked from soaked & sprouted barley. It is moderately sweet, less than that of honey and sugar. It tastes similar to that of brown rice syrup. Owing to its “malty” flavour and vicious nature, barley malt syrup is prevalently used as a substitute to molasses. In some applications, barley malt syrup is used as a sweetener instead of sugar. For instance, the sweetener in food products such as cakes, baked beans, barbecue sauces and raw desserts, among others. Being a good soluble fibre source, the barley malt syrup helps to reduce the glycemic index that in turns make it better alternative sweeteners. Owing to which, it is mostly used for the preparation of food & beverage products for diabetes and blood pressure patients. Barley malt syrup is a naturally occurring product that contains a wide range of vitamins and minerals. Barley malt syrup can be used like honey on pancakes or bread. It has a nice flavour and goes well with certain recipes. Additionally, the chemical that is applied to convert the carbohydrates to sugar occurs naturally in the sprouted grains so additional catalyst or enzyme is not required to manufacture Barley Malt Syrup. The end uses application of barley malt syrup includes malted milkshakes, brown rice syrup, protein bars, bakery products and others. Moreover, barley malt syrup is also used in the production of whiskey, beer and many other beverages across the globe.
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Barley Malt Syrup Market: Dynamics
The barley malt syrup demand is highly dependent on its consumption from beverages industry all across the globe. The regional, as well as the international market, plays an important role so as to increase the demand and the availability of the Barley Malt Syrup products all around the world. The consumer awareness about the benefits barley malt syrup also serves as an alternative to conventional soft drinks and alcoholic beverages. The Barley Malt Syrup also has a significant protein content which enhances certain properties of beer and whiskey such as increases its foam quality.
However, the factors such as shortage of barley grains can restrain the growth of the barley malt syrup market. The shortage of barley can further lead to an increase in prices of the barley. This can accelerate the use of alternative malt such as wheat malt to meet the requirements of beverages and other products such as bread and to maintain the economical budget of the industries.
Barley Malt Syrup Market: Segmentation
- Based on the application, the Barley Malt Syrup market can be segmented as follows:
- Food & Beverages industry
- Beer Industry
- Whisky Distilleries
- Based on the nature, the Barley Malt Syrup market can be segmented as follows:
- Conventional barley malt syrup
- Organic barley malt syrup
- Based on the product type, the Barley Malt Syrup market can be segmented as follows:
- Based on the sales channel, the Barley Malt Syrup market can be segmented as follows:
Barley Malt Syrup Market: Regional Outlook
The global Barley Malt Syrup market is segmented into seven key regions, including Eastern Europe, Western Europe, North America, Middle East and Africa (MEA), Latin America, Asia Pacific Excluding Japan (APEJ) and Japan. North America dominates the Barley Malt Syrup market followed by Western Europe. Asia Pacific market for Barley Malt Syrup is expected boost significantly owing to the high acceptance from bakeries and confectionaries. Moreover, China is the foremost contributor to the revenue growth of Barley Malt Syrup market because it is one of the key producers of whiskey and beer globally. Rest of the world is estimated to account for a relatively small share of the Barley Malt Syrup market.
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Barley Malt Syrup Market: Market Participants
Some of the examples of the market participants operating across the supply chain of the Barley Malt Syrup market across the globe are:
- Malt Products Corporation
- Cargill, Incorporated
- Muntons Malt plc.
- Anglia Maltings Holdings Ltd
- GrainCorp Ltd.
- Eden Foods
- Axereal Group
- Doehler Group SE
- VIVESCIA Industries