Malt Ingredients Market Expected to Expand at a 5.4% CAGR by 2033
Thursday, 12 September 2024, 23:00
Malt Ingredients Market Overview
Malt ingredients market is poised to experience significant growth, with projections estimating its value to reach USD 43.7 billion by 2033. As of 2023, the market is valued at USD 25.7 billion, indicating a strong upward trend and a 5.4% CAGR.
Key Growth Factors
- Increasing demand for craft beverages.
- Innovations in food products driven by health trends.
- Expanding applications in the food and beverage industry.
Market Insights
The malt ingredients market’s expansion is propelled by shifting consumer preferences and a surge in crafting activities. Both factors significantly contribute to the anticipated growth.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.