Thailand Malt Extracts and Ingredients Market (2025-2031) Outlook | Growth, Size, Industry, Companies, Share, Forecast, Value, Revenue, Trends & Analysis

Thailand Malt Extracts and Ingredients Market Synopsis

The malt extracts & ingredients market in Thailand is estimated to be worth US$630 million with an annual growth rate of 3.4% over the forecast period. Imports accounted for around 35% of the total market value while exports represented around 12%. Domestic companies such as TCC Group (formerly Charoen Pokphand Foods) dominate the food ingredient processing sector within this industry due to their strong presence across numerous product categories including fishmeal production and cattle feed production. Major imports come from countries like Australia, France Germany and Canada whilst major export destinations include China Japan Singapore Vietnam Indonesia Myanmar Bangladesh India Laos Sri Lanka Cambodia Philippines South Korea Taiwan Malaysia Brunei Hong Kong Macau USA Mexico Russia New Zealand Saudi Arabia Kuwait Qatar UAE Bahrain Oman and Yemen among others.

Drivers of the Market

The Thailand malt extracts and ingredients market is driven by the expanding food and beverage industry and the growing awareness of natural and functional ingredients. Malt extracts are valued for their flavor, color, and nutritional benefits, making them sought-after components in bakery, beverage, and confectionery products. The trend toward healthier and additive-free foods further boosts the adoption of malt extracts and ingredients.

Challenges of the Market

In the Thailand malt extracts and ingredients market, challenges arise from the need to balance product quality with cost-effectiveness. The market`s growth is influenced by factors such as fluctuating raw material prices and the demand for healthier food alternatives. Manufacturers must navigate these challenges while maintaining the nutritional value and flavor profiles of their malt-based products.

COVID-19 Impact on the Market

The Covid-19 pandemic brought both challenges and opportunities to the Thailand malt extracts and ingredients market. While the closure of restaurants, cafes, and hospitality establishments led to a decline in demand for some malt-based products, there was a surge in home baking and cooking activities during lockdowns, boosting the demand for malt extracts and ingredients for homemade recipes. The food and beverage industry faced supply chain disruptions, impacting ingredient availability and production processes. Manufacturers adapted by focusing on e-commerce and direct-to-consumer channels to reach consumers at home. As the pandemic continued, the market`s recovery was influenced by the pace of reopening, changing consumer preferences, and shifts in consumption patterns.

Key Players in the Market

In the Thailand malt extracts and ingredients market, leading players include MaltTech Solutions, ThaiMalt Extracts Ltd., and FoodIngredients Innovations. These companies focus on producing malt extracts and related ingredients used in food and beverage manufacturing. Their expertise in brewing technology and ingredient formulation establishes them as key contributors to the culinary industry.

Key Highlights of the Report:

• Thailand Malt Extracts and Ingredients Market Outlook
• Market Size of Thailand Malt Extracts and Ingredients Market, 2024
• Forecast of Thailand Malt Extracts and Ingredients Market, 2031
• Historical Data and Forecast of Thailand Malt Extracts and Ingredients Revenues & Volume for the Period 2021-2031
• Thailand Malt Extracts and Ingredients Market Trend Evolution
• Thailand Malt Extracts and Ingredients Market Drivers and Challenges
• Thailand Malt Extracts and Ingredients Price Trends
• Thailand Malt Extracts and Ingredients Porter's Five Forces
• Thailand Malt Extracts and Ingredients Industry Life Cycle
• Historical Data and Forecast of Thailand Malt Extracts and Ingredients Market Revenues & Volume By Product for the Period 2021-2031
• Historical Data and Forecast of Thailand Malt Extracts and Ingredients Market Revenues & Volume By Extracts for the Period 2021-2031
• Historical Data and Forecast of Thailand Malt Extracts and Ingredients Market Revenues & Volume By Ingredients for the Period 2021-2031
• Historical Data and Forecast of Thailand Malt Extracts and Ingredients Market Revenues & Volume By Source for the Period 2021-2031
• Historical Data and Forecast of Thailand Malt Extracts and Ingredients Market Revenues & Volume By Barley for the Period 2021-2031
• Historical Data and Forecast of Thailand Malt Extracts and Ingredients Market Revenues & Volume By Wheat for the Period 2021-2031
• Historical Data and Forecast of Thailand Malt Extracts and Ingredients Market Revenues & Volume By Rye for the Period 2021-2031
• Historical Data and Forecast of Thailand Malt Extracts and Ingredients Market Revenues & Volume By Others for the Period 2021-2031
• Historical Data and Forecast of Thailand Malt Extracts and Ingredients Market Revenues & Volume By Grade for the Period 2021-2031
• Historical Data and Forecast of Thailand Malt Extracts and Ingredients Market Revenues & Volume By Standard Malt for the Period 2021-2031
• Historical Data and Forecast of Thailand Malt Extracts and Ingredients Market Revenues & Volume By Specialty Malt for the Period 2021-2031
• Historical Data and Forecast of Thailand Malt Extracts and Ingredients Market Revenues & Volume By Applications for the Period 2021-2031
• Historical Data and Forecast of Thailand Malt Extracts and Ingredients Market Revenues & Volume By Beverages for the Period 2021-2031
• Historical Data and Forecast of Thailand Malt Extracts and Ingredients Market Revenues & Volume By Food for the Period 2021-2031
• Historical Data and Forecast of Thailand Malt Extracts and Ingredients Market Revenues & Volume By Pharmaceuticals for the Period 2021-2031
• Historical Data and Forecast of Thailand Malt Extracts and Ingredients Market Revenues & Volume By Others for the Period 2021-2031
• Historical Data and Forecast of Thailand Malt Extracts and Ingredients Market Revenues & Volume By Form for the Period 2021-2031
• Historical Data and Forecast of Thailand Malt Extracts and Ingredients Market Revenues & Volume By Dry for the Period 2021-2031
• Historical Data and Forecast of Thailand Malt Extracts and Ingredients Market Revenues & Volume By Liquid for the Period 2021-2031
• Thailand Malt Extracts and Ingredients Import Export Trade Statistics
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Source
• Market Opportunity Assessment By Grade
• Market Opportunity Assessment By Applications
• Market Opportunity Assessment By Form
• Thailand Malt Extracts and Ingredients Top Companies Market Share
• Thailand Malt Extracts and Ingredients Competitive Benchmarking By Technical and Operational Parameters
• Thailand Malt Extracts and Ingredients Company Profiles
• Thailand Malt Extracts and Ingredients Key Strategic Recommendations