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The global market for barley malt syrup is significantly being driven by the rising demand for barley. Malt barley is among the most common types of grain used in beer brewing. Therefore, the increasing demand for barley is being driven by the constantly rising beer industry. Malt barley is also commonly used in the manufacture of both alcoholic and non-alcoholic drinks, which further fuels the development of the industry. The largest exporters of beer grain are importing barley from China and Japan.
The market is being driven by the rising awareness of the health benefits of the syrup. Barley malt syrup is considered to be healthy because it has a wide variety of vitamins and minerals. Barley malt syrup can be used on bread or pancakes just like honey due to its good taste. The chemical used to transform carbohydrates into sugar naturally occurs in the sprout kernel so that the production of barley malt syrup does not require additional catalyst or enzymes, which makes it more cost-efficient. In addition, barley malt syrup is also used in whiskey and beer, among other beverages, throughout the globe. The product is widely available on various distribution channels including online retail channels like Amazon (NASDAQ: AMZN). These factors are likely to boost the market growth in the coming years.
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The major players in the global barley malt syrup market are Cargill, Incorporated, Malt Company (India) Pvt. Limited, Muntons plc, and Diastatische Producten, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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