World - Malt - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact
Global Malt Market to Reach 30.5M Tonnes by 2025
Photo: © RossHelen / Bigstockphoto
According to market research conducted by IndexBox, the global malt market was estimated at approx. X million tonnes in 2015; over X% of this is produced from barley. Most of the malt produced is used in beer production; distillation and food production account for an insignificant volume of output. The increasing consumption of beer in the developing-market countries and the widespread consumption of craft beer in developed countries will result in increased malt consumption; malt constitutes one of the main component ingredients for the production of beer.
Driven by population growth, urbanization and the increase in disposable incomes in developing countries, in turn leading to the increased consumption of beer, the malt sector as a whole is projected to continue an upward consumption trend over the next nine years.
Market performance is forecast to accelerate, with an anticipated CAGR of +X% for the nine-year period from 2015 to 2025, which is expected to lead the market value to X million tonnes by the end of 2025.
Beer constitutes one of the most widely consumed alcoholic drinks world-wide. Global beer production has recorded a positive growth trend over the past decade. Total global beer production equated to X million kiloliters в 2015, an increase of X% against the previous year.
China remains the world's largest producer of beer (for the X successive year), despite a X% decrease against the 2014 recorded figure. In 2015, China's share in total global production amounted to X%. China was followed bu the USA (X%), Brazil (X%) and Germany (X%). China slightly reduced its volume of beer output over the last year; Brazil, however registered significant growth and in the USA and Germany, the output volume remained relatively stable against the previous year.
Overall, Asia accounts for approx. one third of global beer production. Over the last year, beer output in the region was down by X% against the 2014 figure; despite this, however, the region remains the largest in the world in terms of volume of production.
Europe accounts for approx. X% of total output; Latin America accounts for X% and North America, for X%. Over the past five year period, however, the share of North America and Europe contracted slightly, while Asia and Latin America increased their share in terms of total production volume. This is mainly due to increased output in China and Brazil.
Asian countries are not only key beer producers: they also constitute an important consumer market. Increasing household incomes and changing lifestyles in these developing-market countries are contributing factors in driving the expansion of the beer market. Beer producers, therefore, are currently expanding their sales channels in the emerging-market countries. Transnational beer producers are investing heavily, working together with domestic national producers and studying local types of beer and the preferences of the Asian consumer, in a bid to enhance the market coverage.
Two growth paths are open to the beer market. The first of these involves a significant increase in beer production and consumption in the emerging-market countries, primarily through the countries of the Asian-Pacific region.
The second growth path can be achieved in the markets of the EU, the USA and Canada – namely by the increasing role of mini-breweries or in the production of craft beer. According to data from the USA Brewers Association, in 2016, sales of craft beer increased by X% against the 2015 figure and exports of craft beer observed a rise of X%. The share of sales of this type of beer accounted for approx. X% of total sales achieved on the beer market overall, equal to US$ X billion.
Do you want to know more about the global malt market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- malt market share
- malt prices
- malt industry
- malt sales
- malt market forecast
- malt price forecast
- key malt producers
Source: IndexBox AI Platform
This report provides an in-depth analysis of the global malt market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
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The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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