29 Nov 2018 - Global Gluten Free Malt Extracts Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are increasing across the globe. Gluten free malt extracts are extracted from grains that do not have gluten. Some of the grains include buckwheat, millet, rice, sorghum etc. Gluten intolerance in some people have generated the need for gluten free products. Manufacturers can stamp their products gluten free only when the product comprises gluten less than 20 ppm. These extracts are prepared with amylase enzymes that aid in the transformation of starch into sugar, which is further fermented by brewing of the yeast.
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The factors that propel the growth of the Gluten Free Malt Extracts Market include increasing demand, intolerance to gluten intake, rise in number of Celiac disease patients, and product development & innovation. Gluten Free Malt Extracts Market is classified on the basis of product type, applications, distribution channel and geography.
Market segment by Type, the product can be split into
By Form
- Powder
- Liquid
- Other
By Source
- Sorghum
- Rice
- Buckwheat
- Millet
Market segment by Application, Gluten Free Malt Extracts can be split into
- Bakery Products
- Confectionaries
- Beverages and Health Drinks
- Cosmetics
- Others
Gluten Free Malt Extracts Market is segmented by distribution channel as online stores, specialty stores, super markets, hypermarkets and others. Gluten Free Malt Extracts Market is classified on the basis of geography as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa.
The North American region consists of the U.S., and Canada. Latin America region consists of Mexico and Brazil. The Western European region consists of Germany, Italy, France, England and Spain. The Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India, ASEAN, Australia& New Zealand. The Middle East and African region consists of GCC, South Africa and North Africa.
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By geography, North American region is projected to account a significant share of the Gluten Free Malt Extracts Market. The key factor that attributes to the growth of this region is due to high number of gluten intolerance cases, celiac disease, and gastrointestinal disorders.
Some of the key players that fuel the growth of the Gluten Free Malt Extracts Market include Briess Malt & Ingredients, Colorado Malting Company, Canyon Bakehouse, EDME Limited Company, General Mills, and others. The key players in the gluten free malt extracts market are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
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