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Roasted Grain Ingredients Market Segmented By Organic, Conventional Nature in Whole, Splits, Flour Form with Barley, Soybean, Wheat, Corn Type
High demand from craft brewers is anticipated to contribute to the growth of the global roasted grain ingredients market. Roasted malt offers different tastes, textures, and flavors to beer, which increases its demand from craft brewers.
Craft brewing has gained immense popularity among consumers, as it offers diverse qualities and flavors at competitive prices. Craft brewers are keen to offer a better beer experience, and show an inclination toward utilizing roasted barley and wheat malt.
Roasted malt is able to provide different colors along with a different taste profile to the end product, enabling brewers to improve the quality of their products. Furthermore, the availability of different flavors such as chocolate, coffee, caramel, and others makes roasted malt highly attractive to brewers.
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Roasted soybean is among the super feed products for animals, as it is nutritionally dense and also a high energy booster. For instance, roasted soybean produces more bypass protein. Unlike raw soybean, roasted soybean delays microbial activities, and allows undegraded protein to pass into a cow’s intestine.
Moreover, roasted soybean also provides more energy, and after roasting, the oil available in the soy can also be converted into energy. This factor is anticipated to contribute to the growth of the global roasted grain ingredients market.
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Get a Customized VersionOrganic and non-GMO food products are rapidly gaining traction across the world, owing to the health benefits associated with them. Increasing production of organic grains has also created a potential positive market scenario for manufacturers of organic roasted grain offerings.
Moreover, genetically modified food is gaining disapproval from consumers. Hence, food manufacturers are also adding organic and non-GMO products into their portfolios.
This trend has positively impacted the demand for organic roasted grain ingredients, and roasted grain manufacturers are frequently launching organic roasted grain offerings to meet customer demand.
The markets in East and South Asia are projected to witness high growth rates in the global roasted grain ingredients market over the forecast period of 2019-2029, attributable to increasing per-capita food expenditure coupled with rapid urbanization in these regions.
Growing consumption of alcoholic beverages with exciting flavor profiles has positively impacted the utilization of roasted grain ingredients in the alcohol beverage industry in South Asia. Moreover, increasing usage of roasted grain ingredients in other food applications also creates a favorable environment for the East Asia roasted grain ingredients market.
Europe and North America account for a significant market value share in the global roasted grain ingredients market, owing to the higher production outlook of roasted grain ingredients in these regions. Europe has a large number of roasted grain ingredient manufacturers as well as a stronger consumer base as compared to other regions.
North America is also expected to hold a noteworthy share in the global roasted grain ingredients market, attributable to the increasing use of roasted grain ingredients for craft brewing. Additionally, several companies in North America also offer roasted grain ingredient-based snacks and meals, which has increased the consumption of roasted grain ingredients in this region.
The global roasted grain ingredients market has been witnessing substantial growth, with South Asia and East Asia anticipated to experience significant growth over the forecast period of 2019-2029. Growing utilization of roasted grain ingredients in other food applications such as bakery, animal feed, and snacks is expected to further contribute to the growth of the global roasted grain ingredients market in the foreseeable future.
Leading market players such as SunOpta Inc., Ltd., Muntons Malted Ingredients Inc., Palatia Malz GmbH, and others are strategically focusing on business expansion to strengthen their positions in the global roasted grain ingredients market. Manufacturers can focus on increasing production capacity and improving their supply-chain to boost their prospects in the global roasted grain ingredients market.
PMR’s report on the global roasted grain ingredients market offers information divided into five segments - nature, form, type, end use, and region.
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The roasted grain ingredients market is estimated to reach US$ 22 Bn in the year 2021.
The global roasted grain ingredients market is expected to witness a CAGR of close to 5% between 2021 and 2031.
The global roasted grain ingredients market witnessed a CAGR of 4.5% between 2015 and 2020.
The current trend is that of incorporation of roasted grain ingredients like rice, wheat, barley, and rye in several processed foods like confectionery and bakery.
The demand for roasted grain ingredients is driven by growing demand for RTD (ready-to-eat) food and snacks amongst customers.
The top 5 players account for more than 70% of the market share. They include Stone Mill, LLC, PalatiaMalz GmbH, SunOpta Inc., Cargill, Inc, and AgMotion, Inc.
The top 5 countries driving demand are the US, UK, India, China, and Germany.
North America holds the largest market share due to the US being a hub of the major market players.
Europe is expected to register growth at the rate of 3% in the roasted grain ingredients market between 2021 and 2031.
The US is the key producer of roasted grain ingredients.
