From 2021 to 2032, the speciality malt market is projected to increase at a CAGR of 3.6%, from a value of approximately USD 2,800 Mn in 2021 to a market value of around USD 3988 Mn.
In parallel with the rise in global consumption of alcoholic beverages, local entrepreneurs from all corners of the world have begun treading the waters of brewing businesses. A considerable rise in the number of microbreweries being set up across the globe is stimulating the growth in consumption of specialty malts – a key ingredient for making alcoholic beverages such as beer. Innovations in brewing techniques has further consolidated the application of specialty malts in production of flavoured alcoholic beverages.
Since the growth in demand for specialty malts continues to remain contingent upon global alcoholic beverage consumption, more than one million tonnes of specialty malts are anticipated to be consumed through 2026. Incidentally, this will also shore up the global production of barley, wheat, corn, soybean and other grains used for deriving specialty malts.
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By lending a unique flavour, texture, and colour, the application of specialty malts continues to gain significance in production of beverages, revenues from which will impose nearly 90% share on global specialty malts market value throughout the forecast period. The research reveals that revenue share of alcoholic beverages in the global specialty malt market will remain consistent at nearly 82% through 2026. Meanwhile, about 130,000 tonnes of specialty malts were globally consumed for production of non-alcoholic drinks & beverages in 2016.
Western Europe – Largest Consumer of Specialty Malts
When it comes to consuming flavoured alcoholic beverages, consumers in Western European countries such as Germany, France or Belgium will certainly not shy away. By the end of the forecast period, more than 500,000 tonnes of specialty malts will be consumed across Western Europe, making it the largest consumer of specialty malts in the world. With respect to production, the demand for specialty malts will register stellar growth in the Asia-Pacific excluding Japan (APEJ) region. The APEJ specialty malts market will register the highest value CAGR of 7.8%, and procure over US$ 1 billion revenues during the projected period. North America and Latin America are anticipated to account for a collective share of more than 24% in global specialty malts revenues through 2026.
Cargill, Inc. – Largest Producer of Specialty Malts
With more than 10% share in global revenues, Cargill Incorporated will retain its title as the largest producer of specialty malts in the world. With its manufacturing plants based in Germany, the company will also boost the status of Western Europe in the global specialty malts market. Joining Cargill in inducing higher production of specialty malts are prominent European companies, namely, IREKS GmbH, Viking Malt Oy, Groupe Soufflet, Malteurop, Axereal and Simpsons Malt Limited. Other key producers of specialty malts profiled in the research report include Australia’s GrainCorp Ltd., the Cooperative Agraria Agroindustrial of Brazil and Barmalt India Pvt. Ltd.
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Market Segmentation
By Product:
- Caramelised Malt
- Roasted Malt
By Application:
- Food
- Dairy and Frozen Products
- Bakery and Confectionary
- Others (Fast Food, Sizzler, etc.)
- Beverages
- Alcoholic Beverages
- Brewing
- Distilling
- Alcoholic Beverages
- Non Alcoholic Beverages
- Health Drinks
- Others (Energy Drinks, Soft Drinks, etc.)
By Source:
- Barley
- Wheat
- Rye
- Others
By Extract:
- Dry
- Liquid
- Malt Flour
By Region:
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific Excluding Japan
- Japan
- Middle East and Africa
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Key Questions Answered in the Report
- What is the outlook of the global specialty malt market?
The global specialty malt market was worth more than US$ 2,000 million in 2016. It is expected to grow at a CAGR of 6.4%, reaching approximately US$ 4,000 million by the end of 2026.
- Which Malt segment was estimated to account for the highest value share in 2016?
In 2016, the Caramelized Malt sector was predicted to have the biggest value share.
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