The global malt extracts and ingredients market size is projected to reach USD 20.4 billion by 2025, from USD 17.6 billion in 2020, recording a CAGR of 3.0% during the forecast period. The increasing production of craft beer, along with the adoption of malt-based food, is projected to drive industry growth during the forecast period.

Malt is an essential component in the beer industry. It provides carbohydrates and sugar, which are necessary to give beer its distinctive flavor and alcohol content. Different types of malt are used to impart different flavors, textures, and colors to the beer. They are responsible for imparting the aroma and mouthfeel to alcoholic beverages. Many other alcoholic beverages, such as whiskey and other spirits, have malt as their base ingredient. Due to this factor, the beverages segment is projected to account for the largest market share during the forecast period.

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