Malt Ingredient Market for Bakery Is Expected to Reach Us$7.3 Bn by 2024
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Date Submitted: 09/16/2016 01:54 AM
Transparency Market
Research
Malt Ingredient Market for Bakery - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2016 - 2024
Published Date
12-09-2016
249 Page Report
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Press Release
Global Sales of Malt Ingredients in Bakery Industry to Cross US$7.3 bn by
the end of 2024, reports TMR
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Malt Ingredient Market
REPORT DESCRIPTION
The top three players in the global malt ingredient market for bakery, namely Group Soufflet, VIVESCIA
Industries, and Cargill, Incorporated, accounted for a share of just under 30% in 2015, finds Transparency
Market Research (TMR) in a new report. TMR states that emerging players play a major role in the
development of this market, with a strong presence in North America, Europe, China, India, and Australia.
“Manufacturers today are focused on developing high quality malt ingredient products and offer glutenfree products with high nutritional value,” the author of the report states. “The growing demand for valueadded products has prompted manufacturers to shift focus from high volume production to high quality
production instead,” says a TMR analyst.
View exclusive Global strategic Business
report :http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=14447
The global sales of malt ingredients for the bakery industry amounted to US$4.2 bn in 2015 and are
expected to reach US$7.3 bn by the end of 2024. The sales revenue is expected to rise at a 6.6% CAGR
over the course of the forecast period. The demand for malt ingredients, on the other hand, is projected to
rise at a modest 4.7% CAGR.
Application-wise, Cookies Segment to Cross Billion-dollar Mark by 2024
Among the key applications, the cookies segment led the overall malt ingredient market for bakery and...
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