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.
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. Gluten Free Malt Extracts Market is
segmented by product type as form and source. The form segment comprises
liquid, powder and others. The source segment comprises buckwheat, millet,
rice, sorghum and others.
Gluten
Free Malt Extracts Market is classified on applications as beverages and health
drinks, bakery products, cosmetics, confectionaries, and 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.
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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