Market Overview 2022-2027:
The latest research study “ Specialty Malt Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ” by IMARC Group, finds that the global specialty malt market reached a value of US$ 3.44 Billion in 2021. Looking forward , IMARC Group expects the market to reach a value of US$ 4.46 Billion by 2027 , exhibiting a CAGR of 4.30% during 2022-2027.
Industry Definition and Application:
Specialty malt refers to an extensive range of dried germinated grain with unique taste, texture, color, and effect. It can be classified into roasted malt, crystal or caramel malt, and dark malt. Specialty malt grains are prepared using wheat, barley, rye, rice, and corn. They undergo a customized treatment in terms of heat and moisture to produce several colors, flavors, and functional outcomes. Specialty malt variants are very light in color and contain high amounts of sugar. They can be used with additional malts to brew the desired malt profile. Consequently, specialty malt finds extensive application across various segments of the food and beverage (F&B) industry, such as breweries, distillery, baking, etc.
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Market Trends:
The shifting consumer preference towards craft beer and malt-based liquor is among the key factors driving the specialty malt market. Besides this, the emerging trend of offering unique domestically brewed beers and whiskeys to the customers among the Quick Serving Restaurants (QSRs), hotels, and cafés is also positively influencing the market growth.
Moreover , the increasing product adoption in the production of numerous baked items, including flavored bread, cookies, biscuits, malt-infused desserts, etc., is acting as another growth-inducing factor. Apart from this, escalating innovations using natural and organic malt ingredients and the launch of malt-based ready-to-drink (RTD) beverages and premixes are anticipated to propel the specialty malt market over the forecasted period.
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| Specialty Malt Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 3.44 Billion |
| Market forecast in 2027 | US$ 4.46 Billion |
| Growth Rate | CAGR of 4.30% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Product, Source, Form, Application and Region |
Key Market Segmentation:
The report has been segmented the market into following categories:
Breakup by Product:
- Caramelized Malt
- Roasted Malt
Breakup by Source:
- Wheat
- Rye
- Barley
Breakup by Form:
- Dry Malt
- Liquid Malt
Breakup by Application:
- Brewing
- Distilling
- Non-Alcoholic Malt Beverages
- Baking
Breakup by Geography:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Boortmalt (Société Coopérative Agricole Axereal)
- Briess Malt & Ingredients Company
- Crisp Malting Group Limited
- Great Western Malting Co. (United Malt Group)
- IREKS GmbH (J. Ruckdeschel & SÖHne GmbH & Co. Kg)
- Malteurop Groupe SA (SCA VIVESCIA Industries)
- Muntons plc
- Rahr Corporation
- Simpsons Malt Limited
- The Soufflet Group
- Viking Malt AB.
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