South America Malt Ingredient Market Size (2024 - 2029)

South America Malt Ingredient Market Size Summary

The South America malt ingredient market is experiencing significant growth, driven by the increasing consumption of processed and convenience foods in emerging markets within the region. This trend is further supported by heightened consumer awareness of the health benefits associated with malt ingredients and their versatile applications in the food industry. The region has shown robust performance, particularly in the alcoholic beverage sector, where there is a noticeable shift towards premium products like craft beer. Malt's role as a key component in baking formulations, due to its dough conditioning properties, is leading to its substitution for less natural or more expensive alternatives. The demand for malt, especially in the form of malt flour, is largely fueled by its direct use in the production of beer, whiskey, and other beverages, with barley being the preferred choice due to its unique enzyme properties.

The market is segmented into Brazil, Argentina, and the rest of South America, with Brazil holding the largest market share and exhibiting the highest growth rate. This growth is attributed to the rising demand for both alcoholic and non-alcoholic beverages and the increasing establishment of independent breweries in Brazil. The competitive landscape of the South American malt ingredient market is characterized by the presence of a few major companies, with players expanding their ingredient sources to explore new applications. The brewing industry remains the primary application area for malt ingredients, attracting more entrants to the market. Key players in this sector include Axereal, Group Soufflet, Maltexco SA, Briess Malt, and Gusmer Enterprises Inc.