Introduction
According to Markets and Markets, the global malt extracts and ingredients market is estimated to account for $17.6 billion in 2020 and is projected to reach $20.4 billion by 2025, recording a CAGR of 3.0% during the forecast period. The market is primarily being driven by the growing demand for craft beers and natural sweeteners and the increasing consumption of alcoholic drinks across the globe. Another impetus for the growth of this market is the widespread usage of malt ingredients in food products.
