Gluten Free Malt Extracts Market is likely to show significant growth between 2017 – 2024
Date: 2019-01-17   Author: Rahul Sankrityayan  Category: #market

Gluten Free Malt Extracts Market is likely to show significant growth between 2017 – 2024

The Gluten Free Malt Extracts Market size is projected to gain exponentially in the forecast period owing to increasing occurrences of intolerances associated with gluten based food products including grains such as wheat, rye, oats, and barley.

The product is obtained from gluten-less grains such as sorghum, rice, buckwheat, and millet and are extensively used to enhance flavor in the gluten free products. According to a consumer survey conducted in 2015, more than 3 million people in the U.S. suffer from gluten allergy, also known as gastrointestinal disease and celiac disease. This will have a propelling effect on the global gluten free malt extracts market in the coming years.

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Growing awareness pertaining to gluten allergy through cosmetic and personal care products causing skin irritations and rashes, also known as dermatitis herpetiformis or Duhring’s disease may also have a positive influence on the global gluten free malt extracts market in the coming years.

Also, malt is the primary ingredient for beer preparation. The. U.S. beer industry sold more than 200 million barrels of beer in 2015, with per person consumption of more than 25 gallons. Hence gluten free malt extracts market may have a plethora of opportunities in beer production considering the necessity to for better health condition of the population.

The products are consumed to feel healthier, reduce weight and to lower the risk of celiac disease. Many people in the developed countries have started to brew malt at home to make sure that it is gluten-free due to serious gluten intolerance. This, in future, can endanger the companies that brew for commercial purposes and may restrain the global gluten free malt extracts market growth.

The product is available in the market in the form of powder and liquid. Gluten free malt extracts market segmentation can be done on the basis of their application into bakery products and confectionaries, beverages and health drinks, cosmetics, and others. Bakery products and confectionaries is a significant application segment with an extensive product usage in bakery products and confectionaries such as cookies, muffins, cheese cakes, pan cakes, cupcakes, pastries, bread concentrates, sandwich bread, white bread, tortillas, pizza crust, hamburger buns, ready to eat pocket sandwiches, pizza wraps. It is also used in the production of multi-purpose flour and baking flour. The product is also used to make alcoholic and non-alcoholic beverages including beer, fruit juices, flavored water, cordials, sodas, cider, wine, sherry, spirits, port, tea, and coffee powder.

Gluten free malt extract market demand is more prominent in North American countries than in the Asia Pacific countries due to a high number of gluten intolerance cases, celiac disease, and gastrointestinal disorders in the region. Producers can label the product as gluten free only if they fulfil the rules laid down by Food and Drug Administration (FDA). The FDA has established a gluten limit of less than 20 parts per million (ppm) for foods that carry the label of gluten free products in North America, whereas in the European countries, the permissible limit is as high as up to 100ppm. This variance in the labeling of food products is an obstacle for the trade between countries.

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A significant forward integration can be found in the gluten free malt extract market value chain wherein end-product manufacturers produce their own raw materials. Maintaining of quality standards from the production to actual sales is the market strategy of these companies. There are supermarkets in metropolitan cities that keep a wide range of gluten free products for effective distribution of the products among the consumers. Some of the major gluten free malt extracts market players are Canyon Bakehouse, Colorado Malting Company, General Mills, Briess Malt & Ingredients, EDME Limited Company and several others.

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Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for AlgosOnline, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in t...

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