The demand for malt in the brewing process has aided growth in global malt ingredients market, which is expected to reach a value of $22.8 billion (£14.6 billion) by 2020.

New research projects that the market will growth at a compound annual growth rate (CAGR) of 6.8% from 2015.

The global increase in the consumption of beer is driving this increase, accounting for the largest share in this market in 2014.

According to the Markets and Markets report, Europe dominated the malt ingredients market in 2014, and is projected to grow at the highest CAGR of 7.4% from 2015 to 2020.