World - Malt - Market Analysis, Forecast, Size, Trends And Insights
Malt Market - France and Belgium Are the Main Suppliers of Malt in the World
Malt is used in the manufacturing of beer and whisky, as well as non-alcoholic drinks and bakery products. Malt is, in fact, the primary component for beer brewing, providing the flavor and color.
The largest malt producers are the EU, China, the U.S., Australia and Canada, together accounting for a X% share of malt production in the world. With the exception of a slight decline during the world financially crippled years of 2008 and 2009, the malt market has been experiencing continuous growth over the past decade. In 2013, the EU-X exported X% of its total malt output. Of this amount, X% was supplied to Japan, where European malt held a X% share of total Japanese consumption.
In 2013, Brazil (X%), Belgium (X%), Japan (X%), the U.S. (X%) and Viet Nam (X%) were the leading destinations of malt imports, together making up X% of global imports in physical terms. And while the share of the Netherlands increased significantly, the share of Belgium illustrated negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In 2013, France and Belgium were the main global suppliers of malt with a combined share of X% of global exports. However, the fastest growing suppliers from 2007 to 2013 were Germany (+X% per year) and Uruguay (+X% per year). Despite being the largest global producers of malt, China and Russia did not export much of their production, meaning that it was either domestically consumed, or put in storage.
Steady growth of the malt market in the medium term was ensured by rising consumer awareness regarding the health benefits of malt, as well as its versatility. Not only can malt be used in the food and beverage industry, it can also be an effective component in wellness and health products. The increase in consumption of processed and convenience food products in the emerging markets of Asia-Pacific and South America have also contributed to a boost in malt sales.
The global malt trade has trended upward over the past decade, at a modest growth rate of approximately X%. Overall, imports and exports held approximately a quarter of the global malt market, a share large enough to define the global malt trade as thriving.
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- malt market share
- malt prices
- malt industry
- malt sales
- malt market forecast
- malt price forecast
- key malt producers
Source: IndexBox AI Platform
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