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Europe Malt Extract Market to Expand At An Amazing Rate by 2026
The Europe malt extract market is valued at US$ 9.8 Bn in 2021. The market is likely to grow at a CAGR of 5.6% through 2026, reaching US$ 12.9 Bn by 2026.
In 2017, the Europe malt extract market is estimated to be valued at a little over US$ 7,900 Mn and is expected to reach more than US$ 12,900 Mn by the end of 2026, registering a CAGR of 5.6% over the forecast period. The market is estimated to represent an incremental dollar opportunity of US$ 5,411.5 Mn between 2016 and 2026.
Rising consumer awareness about the high nutritive value of diastatic malt extract will continue to drive the growth of the Europe malt extract market Increasing health awareness and rising consumer demand for traditional foods will also influence demand. However, the non-availability of substitutes and shortage of malt owing to increasing usage in breweries can impede demand. These insights are according to a new research report by Future Market Insights.
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Diastatic malt extract is derived from sprouted grains and is used as a substitute product replacing sugar and honey needed to feed yeast in bakery products. Another important feature of diastatic malt is that it can also reduce the need for additional artificial sugar in bakery products and thus can be labelled as sugar-free. Also, as diastatic malt is rich in vitamins and enzymes, it increases the nutritional value of baked products and also helps in extending the shelf life of baked products.
The key trends influencing the Europe malt extract market include,
• Increasing preference for gluten-free bakery products: Concerns about rising obesity levels is prompting consumers in Europe to opt for gluten-free bakery products. Gluten-free malt extract is used as a colouring and sweetening agent in a variety of products. Owing to this, it is expected that demand for malt extracts will witness steady growth during the period 2016-2026.
• Government regulation on additive-free products: The industry-wide focus on additive-free products has led to increased demand for malt extracts, as these reduce the need of adding synthetic flavours, resulting in extended shelf life of products.
• Marketing aligned with ‘health and wellness’: Manufacturers are focusing on selling the ‘health and wellness’ attributes of malt extracts, by creating relevant marketing campaigns.
• Preference for sugar-free label products: Non-diastatic malt extracts naturally convert to sugar, reducing the need for addition of sugar. Owing to these factors, demand for malt extracts is expected to witness an increase during 2016-2026.
A Highly Fragmented Market
Top three players – Group Soufflet, VIVESCIA Industries, and Cargill Incorporated – account for over 28% volume share of the Europe malt extract market. The Europe malt extract market remains quite fragmented fifteen players accounting for nearly 72% volume share. Both established and emerging players are focusing on increasing their production capacity and acquisition of niche players to boost their market position.
The Europe malt extract market was valued at US$ 7.53 billion in 2016. Future Market Insights projects it to grow at 5.6% CAGR during the forecast period 2016-2026, reaching US$ 12.94 billion in revenues.
Barley Remains the Largest Source
Barley remains the largest source for malt extracts, accounting for nearly 75% revenue share of the market in 2016. In 2016, this segment was valued at US$ 5.63 billion; in terms of volume, demand for barley was worth nearly 9 million tonnes in 2016. Wheat remained the second largest source, followed by rice and rye.
Dry Malt Extracts Continue to Witness Higher Demand
Malt extracts are available in dry and liquid form, with the former accounting for bulk of demand. Demand for dry malt extracts will continue to remain higher than liquid variants throughout the forecast period. While dry malt extract volume is projected to grow at 4.6% CAGR, demand for liquid malt extracts will grow at 3.9% CAGR.
Standard Outsells Speciality
Future Market Insights has also segmented the Europe malt extract market on the basis of product type into standard and specialty. The standard segment accounted for over 77% revenue share of the market in 2016; this is expected to decrease to 76% by the end of forecast period.
Beverages Largest Application Segment
Beverages continue to remain the largest application segment of malt extracts. This segment held 48% revenue share of the market in 2016. Bakery and confectionary remain the other key application segments.
Western Europe Accounts for Bulk of the Demand
Demand for malt extracts is concentrated in Western Europe, owing to the presence of a large number of manufacturers. Future Market Insights projects Western Europe to remain the dominant region for malt extracts during the forecast period.
Market Taxonomy
By Application:
• Bakery
• Confectionary
• Beverages
• Alcoholic
• Non-Alcoholic
• Animal Feed
• Pharmaceuticals
By Source:
• Barley
• Wheat
• Rice
• Rye
By Product Form:
• Dry
• Liquid
By Product Type:
• Standard
• Speciality
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Top Web Development Companies in New York
Agicent
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Conclusion
Finding the right top web development companies can be a daunting task. However, finding the right partner is crucial for success in the digital realm. Whether you’re seeking innovation, scalability, or expertise in a specific technology stack, New York boasts a diverse array of web development firms that can cater to various business needs.
Source: https://www.agicent.com/blog/t....op-web-development-c
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Essential Fatty Acids Market Is Set to Experience Revolutionary Growth by 2033
Future Market Insight projects that the global essential fatty acids market could achieve considerable growth, with an estimated value of US$ 13.87 billion by 2033. This remarkable growth is anticipated to be driven by a CAGR of 9.9%. It signifies a substantial rise from the projected value of US$ 5.37 billion in 2023.
Essential fatty acids, such as omega-3 and omega-6, are pivotal in maintaining overall health. They are necessary for brain development, cardiovascular health, inflammation reduction, and immune system support. The heightened awareness of these health benefits among consumers is fostering a strong demand for essential fatty acids.
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As individuals strive to lead healthier lifestyles, there is a growing emphasis on nutritional supplements and functional foods enriched with essential fatty acids. People are increasingly recognizing the significance of a balanced diet and engaging in proactive healthcare measures. This surge in health consciousness is fueling the demand for essential fatty acids across various product forms.
The nutraceutical industry, encompassing dietary supplements and functional foods, has grown substantially in recent years. Essential fatty acids are pivotal in this industry, serving as key ingredients in various health products. The expanding nutraceutical market presents a significant opportunity for the essential fatty acids market players.
The global prevalence of chronic diseases, such as heart disease, obesity, diabetes, and cognitive disorders, is on the rise. Essential fatty acids have demonstrated their potential in reducing the risk and managing the progression of these ailments. Consequently, consumers are increasingly turning to essential fatty acid supplements and functional foods as part of their disease management and prevention strategies.
The pharmaceutical industry has recognized the therapeutic potential of essential fatty acids. Numerous studies have shown that these fatty acids are crucial in maintaining proper brain function, reducing inflammation, improving cardiovascular health, and supporting overall well-being. Hence, it has been actively exploring their use in the development of new drugs for the treatment of chronic diseases.
The food and beverage industry is experiencing substantial growth, with a notable focus on functional and fortified products. Essential fatty acids are incorporated into various food and beverage offerings to enhance their nutritional value and health benefits. This encompasses fortified dairy products, functional beverages, infant formulas, and bakery and confectionery items. The thriving food and beverage industry is driving essential fatty acids market expansion.
Plant-based sources of essential fatty acids, such as flaxseed, chia seeds, hemp seeds, walnuts, and algae, are gaining traction due to their sustainability and potential health advantages. Increasingly, individuals are becoming aware of the environmental impact of animal-based sources and embracing vegetarian and vegan diets. This shift in consumer preferences is fueling the demand for plant-based essential fatty acids.
Essential fatty acids are gaining popularity in the cosmetics and personal care industry due to their potential benefits for skin health and beauty. Omega-3 and omega-6 essential fatty acids, renowned for their moisturizing and anti-inflammatory properties, are sought-after ingredients in skincare products.
To ensure that essential fatty acids are effectively absorbed and utilized by the body, manufacturers are continuously seeking to improve their bioavailability. To enhance the bioavailability of essential fatty acids, manufacturers are developing new delivery systems, such as soft gels, capsules, and powders. These delivery systems aim to improve the stability and release characteristics of essential fatty acids.
Key Takeaways from the Essential Fatty Acids Market
• The essential fatty acids industry in the United Kingdom is anticipated to rise sizably, exhibiting a CAGR of 9.2% through 2033.
• The United States held a 29.4% share of the global essential fatty acids industry in 2022.
• With a CAGR of 12.3% over the forecast period, India is predicted to develop rapidly in the essential fatty acids industry.
• In 2022, Japan had a 4.5% share of the essential fatty acids industry globally.
• The essential fatty acids industry in China is expected to flourish speedily, registering a CAGR of 10.6% over the forecast period.
• Germany accounted for 7.9% of the global essential fatty acids industry in 2022.
Competitive Landscape in the Essential Fatty Acids Market
Key players are actively engaged in various strategic initiatives to maintain their market position and drive growth. These initiatives typically include
• product development and innovation
• partnerships and collaborations
• mergers and acquisitions
• geographical expansion
Companies are investing in research and development to introduce new and advanced essential fatty acid products with enhanced functionalities and health benefits. Additionally, they are forming strategic partnerships and collaborations with suppliers, distributors, and healthcare organizations to expand their market reach and distribution network. Moreover, mergers and acquisitions are also witnessed as key players aim to consolidate their market presence and gain a competitive edge.
Recent Developments by Key Players
Neptune Wellness Solutions Inc. launched Forest Remedies’ Multi Omega 3-6-9 gummies and soft gels in July 2021. These innovative products feature Ahiflower as a prominent ingredient and offer a natural solution for meeting the body’s nutritional needs.
OZiva, a start-up company headquartered in India, revealed in February 2021 their latest introduction of vegan Omega-3 multivitamins. This strategic move aimed to address the evolving needs of health-conscious individuals who prefer plant-based options for their nutritional requirements.
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Understanding Pilar Cysts: From Formation to Removal
Pilar cysts, also known as trichilemmal cysts or wens, are non-cancerous growths that often appear on the scalp. While these soft, fluid-filled lumps are typically harmless.
Read more - https://hubpages.com/health/un....derstanding-pilar-cy
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Unlock the Power of Medical Record Review Services
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Medical record review services are revolutionizing patient care by facilitating better diagnoses, treatment plans, and outcomes. By analyzing medical records in detail, these services enable healthcare providers to gain a deeper understanding of a patient's medical history, which is crucial for making accurate diagnoses.
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