Global Malt Extract Market's Value Set for 2.0% CAGR Growth Through 2035

IndexBox has just published a new report: World - Malt Extract And Food Preparations Of Flour, Meal, And Starch - Market Analysis, Forecast, Size, Trends And Insights.

The global market for malt extract and food preparations of flour, meal, and starches saw consumption rise to 3.5 million tons ($9B in value) in 2024, following a period of stable growth. The United States, Singapore, and Japan are the leading consumers, while Malaysia, Ireland, and Germany are the top producers. Market forecasts project a deceleration in volume growth to a 0.9% CAGR through 2035, reaching 3.9M tons, while value is expected to increase at a 2.0% CAGR to $11.1B. International trade is significant, with global imports valued at $10.6B and exports at $10B in 2024, featuring distinct per-ton price variations between key trading nations like Germany and the Philippines.

Key Findings

• Market value forecast to reach $11.1B by 2035, growing at a 2.0% CAGR despite volume growth slowing to 0.9%
• The United States, Singapore, and Japan are the top three consuming countries by volume
• Malaysia, Ireland, and Germany lead global production, accounting for 33% of total output
• Global import and export values are closely balanced at approximately $10.6B and $10B respectively
• Significant price disparities exist in trade, with German imports at $3,283/ton versus Philippines at $1,762/ton

Market Forecast

Driven by increasing demand for malt extract and food preparations of flour, meal, and starches worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.9% for the period from 2024 to 2035, which is projected to bring the market volume to 3.9M tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.0% for the period from 2024 to 2035, which is projected to bring the market value to $11.1B (in nominal wholesale prices) by the end of 2035.

Consumption

World's Consumption of Malt Extract And Food Preparations Of Flour, Meal, And Starch

After two years of decline, consumption of malt extract and food preparations of flour, meal, and starches increased by 2.5% to 3.5M tons in 2024. The total consumption volume increased at an average annual rate of +1.7% from 2013 to 2024; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 6.8%. Over the period under review, global consumption of attained the peak volume in 2024 and is expected to retain growth in the immediate term.

The size of the market for malt extract and food preparations of flour, meal, and starches worldwide totaled $9B in 2024, approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.3% over the period from 2013 to 2024; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when the market value increased by 9.7%. Over the period under review, the global market reached the maximum level in 2024 and is likely to see steady growth in years to come.

Consumption By Country

The countries with the highest volumes of consumption in 2024 were the United States (356K tons), Singapore (182K tons) and Japan (167K tons), together accounting for 20% of global consumption. Australia, the Philippines, Denmark, the United Arab Emirates, Belgium, Saudi Arabia and Senegal lagged somewhat behind, together accounting for a further 20%.

From 2013 to 2024, the most notable rate of growth in terms of starches, amongst the main consuming countries, was attained by Australia (with a CAGR of +33.3%), while starches for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($1.1B) led the market, alone. The second position in the ranking was held by Singapore ($471M). It was followed by Australia.

In the United States, the market of malt extract and food preparations of flour, meal, and starches increased at an average annual rate of +10.0% over the period from 2013-2024. The remaining consuming countries recorded the following average annual rates of market growth: Singapore (+12.8% per year) and Australia (+33.0% per year).

The countries with the highest levels of malt extract and food preparations of flour, meal, and starch per capita consumption in 2024 were Singapore (31 kg per person), Denmark (16 kg per person) and the United Arab Emirates (9 kg per person).

From 2013 to 2024, the biggest increases were recorded for Australia (with a CAGR of +31.6%), while starches for the other global leaders experienced more modest paces of growth.

Production

World's Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch

In 2024, the amount of malt extract and food preparations of flour, meal, and starches produced worldwide was estimated at 3.5M tons, remaining stable against the previous year's figure. The total output volume increased at an average annual rate of +1.0% from 2013 to 2024; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 3.3% against the previous year. Global production peaked in 2024 and is likely to continue growth in the immediate term.

In value terms, production of malt extract and food preparations of flour, meal, and starches dropped modestly to $9B in 2024 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2013 to 2024; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 8.9%. Over the period under review, global production of reached the peak level at $9.1B in 2023, and then shrank modestly in the following year.

Production By Country

The countries with the highest volumes of production in 2024 were Malaysia (467K tons), Ireland (360K tons) and Germany (326K tons), together accounting for 33% of global production.

From 2013 to 2024, the most notable rate of growth in terms of starches, amongst the main producing countries, was attained by Malaysia (with a CAGR of +1.1%), while starches for the other global leaders experienced more modest paces of growth.

Imports

World's Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

In 2024, approx. 3.9M tons of malt extract and food preparations of flour, meal, and starches were imported worldwide; declining by -1.5% on 2023. The total import volume increased at an average annual rate of +3.3% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 8.4% against the previous year. Over the period under review, global imports of hit record highs at 3.9M tons in 2021; afterwards, it flattened through to 2024.

In value terms, imports of malt extract and food preparations of flour, meal, and starches shrank modestly to $10.6B in 2024. Over the period under review, total imports indicated perceptible growth from 2013 to 2024: its value increased at an average annual rate of +3.6% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports increased by +61.1% against 2016 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 15% against the previous year. Global imports peaked at $10.7B in 2023, and then dropped slightly in the following year.

Imports By Country

The United States (269K tons), Japan (181K tons), the Netherlands (136K tons), France (126K tons), Germany (124K tons), the Philippines (114K tons), Senegal (108K tons), the United Arab Emirates (103K tons) and Belgium (96K tons) represented roughly 33% of total imports in 2024. Canada (94K tons) held a little share of total imports.

From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Senegal (with a CAGR of +9.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest malt extract and food preparations of flour, meal, and starch importing markets worldwide were the United States ($810M), the Netherlands ($409M) and Germany ($409M), with a combined 15% share of global imports. Japan, France, the United Arab Emirates, Senegal, Canada, the Philippines and Belgium lagged somewhat behind, together accounting for a further 17%.

In terms of the main importing countries, the Philippines, with a CAGR of +11.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average import price for malt extract and food preparations of flour, meal, and starches stood at $2,738 per ton in 2024, approximately reflecting the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of 8.4%. Global import price peaked in 2024 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($3,283 per ton), while the Philippines ($1,762 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.8%), while the other global leaders experienced more modest paces of growth.

Exports

World's Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

After three years of growth, shipments abroad of malt extract and food preparations of flour, meal, and starches decreased by -3.5% to 3.8M tons in 2024. The total export volume increased at an average annual rate of +2.5% from 2013 to 2024; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by 9.4%. The global exports peaked at 4M tons in 2023, and then contracted modestly in the following year.

In value terms, exports of malt extract and food preparations of flour, meal, and starches fell slightly to $10B in 2024. The total export value increased at an average annual rate of +2.7% from 2013 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 15% against the previous year. The global exports peaked at $10.4B in 2023, and then contracted modestly in the following year.

Exports By Country

The shipments of the nine major exporters of malt extract and food preparations of flour, meal, and starches, namely Malaysia, Germany, Ireland, the Netherlands, Belgium, Poland, France, Canada and the United States, represented more than half of total export. Singapore (154K tons) held a little share of total exports.

From 2013 to 2024, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Poland (with a CAGR of +13.3%), while the other global leaders experienced more modest paces of growth.

In value terms, Germany ($1.2B), Ireland ($963M) and Malaysia ($736M) appeared to be the countries with the highest levels of exports in 2024, with a combined 29% share of global exports. The Netherlands, France, Poland, Belgium, Canada, Singapore and the United States lagged somewhat behind, together comprising a further 35%.

Among the main exporting countries, Poland, with a CAGR of +12.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average export price for malt extract and food preparations of flour, meal, and starches stood at $2,613 per ton in 2024, approximately mirroring the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the average export price increased by 9%. The global export price peaked at $2,628 per ton in 2014; however, from 2015 to 2024, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ireland ($3,101 per ton), while Malaysia ($1,405 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the United States (+3.9%), while the other global leaders experienced more modest paces of growth.