Malt Ingredient for Bakery Market: By Source Type (Rye, Wheat, Barley, and Others), Product Type (Dry Malt, Malt Flour, Liquid Malt, and Others), By Grade (Standard, and Specialty), By Application (Pizza, Bread, Biscuits, Cookies, Brownie, Doughnuts, Cakes & Pastries, and Others), and Geography

Malt Ingredient for Bakery Market size was valued at USD 8,367.2 million in 2023 and is poised to grow at a CAGR of 5.1% from 2024 to 2030. Malt ingredients are the backbone of many bakery products, playing a vital role in flavour development, texture creation, browning, and shelf life. The health-conscious consumer is here to stay. Today's consumers prioritize natural ingredients and are increasingly wary of artificial additives. This trend translates into a growing demand for organic malt produced without synthetic fertilizers or pesticides. Bakery ingredient suppliers and producers are responding to this rising demand by expanding their organic malt options, catering to the needs of health-focused consumers and bakeries striving to provide clean label products driving the market. In addition, malt producers are not content with simply providing the traditional base malt.

The industry is constantly innovating and developing new malt products with specific functionalities, offering bakers a wider musical palette to create their masterpieces such as high-fiber malts, enzyme-modified malts, and sugar-reduced malts. Furthermore, bakeries are expanding their repertoire beyond traditional breads. Pastries, cookies, and other sweet baked goods are gaining popularity. While malt usage might be less prominent in these categories, some specialty malts are finding new applications such as malt syrups, and crystal malts.  Also, changing consumer preferences are the ever-evolving melody that shapes the bakery malt market. These include gluten-free harmony, and the health nut's encore. However, declining oil prices lead to a decrease in exploration and production activities, directly impacting the demand for perforating guns, which in turn reduces the need for malt used in certain well completion processes. This can create financial instability for malt producers and disrupt market growth.

Malt Ingredient for Bakery Market Key Developments:

• In September 2022, Muntons included wheat and barley malt components to produce plant-based meat. The company intended to provide burger, sausage, and sliced deli meat manufacturers with only ecologically sound components.