Malt extract is also known as extract of malt. It is a substance utilized as an ingredient in food and beverages, sweet in taste. It is extracted through germination of cereals such as barley seeds. Transparency Market Research has recently published a report, titled “Gluten Free Malt Extracts Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2027.” Even though the consumption of gluten for normal people and those suffering from celiac disease is still in question, the significant rise in social media because of emergence of smartphones has expanded the ill-effects of consumption of gluten. Due to this, a huge amount of population is turning towards using gluten-free food products. This has given rise to growth in demand for gluten free malt extracts market. The market is anticipated to experience a growth with a significant CAGR within the forecast period from 2017 to 2027.
The gluten free malt extracts are used in products so as to diminish the risk of celiac illness. In past few years, there has been a notable rise in the number of people suffering from celiac disease, particularly in the U.S. Several people in the developed nations have started to invest in brewing at home itself, to make sure that the malt is actually free from gluten. The major factor supporting this attempt is intolerance towards the consumption of gluten for many people. This trend of home brewery is expected to hinder the market growth in forthcoming years, for the organization that are brewing on commercial level.
Owing to the growth in demand in the market, several firms are producing their own malt, which contains gluten free extract of malt, to be used in making of the final product. Retaining the quality standards right from the point of growing the raw materials to time of selling the final product after completion of production is among the major strategies firms adopting.
The global gluten free malt extracts market is segmented on the basis of physical state, application, grain, and region. Based on application the market is categorized into nutraceuticals, foods, cosmetic, and beverage. As per the grain, the market is divided into buckwheat, millet, corn, rice, and sorghum.
Gluten free malt extracts are utilized in the preparation of bakery and confectionary products. Pizza crust, hamburger buns, tortillas, sandwich bread, white bread, bread concentrates, and so on are the products which can be prepared by gluten free malt extracts. This is used as an element in the making of cupcakes, pastries, pan cakes, muffins, cheese cakes, cookies, and so forth. Gluten free malt extracts are also used for brewing of alcoholic and non-alcoholic beverages such as beer, coffee, tea, port, sherry, spirits, wine, sodas, cider, cordials, fruit juices, and flavored water.
Request to view Sample Report:
Regionally, North America market is foreseen to lead the global market. Nearly 1% of the population in the US is suffering from celiac illness. This number is expected to only grow in future, which in turn gives a wide scope of market development in future. Senson, EDME Limited Company, Briess Malt & Ingredients, Colorado Malting Company, General Mills, and Canyon Bakehouse are some of the key players dominating the worldwide market of gluten free malt extracts.