The specialty malt market is a segment within the larger malt industry that focuses on producing unique and specialized malt varieties for various applications in the food and beverage sector. Specialty malts are created by modifying the traditional malting process to achieve specific flavor, color, and aroma characteristics desired by brewers, distillers, and food manufacturers.
Specialty malts are known for their distinct and complex flavors, which can range from caramel and toffee notes to roasted and nutty profiles. These malts are often used in the production of craft beers, spirits, and specialty food products to add depth, complexity, and unique sensory experiences.
The growth of the specialty malt market can be attributed to the increasing consumer demand for premium and artisanal products. Craft breweries and distilleries have gained popularity worldwide, leading to a greater need for specialty malts to differentiate their offerings and cater to evolving consumer tastes. Additionally, the culinary industry has embraced specialty malts, incorporating them into gourmet recipes and innovative food creations.
Request our sample copy of Specialty Malt Market featuring compelling graphs and a comprehensive list of figures. Explore the market trends now! https://www.futuremarketinsights.com/reports/sample/rep-gb-2439
The specialty malt market was valued at USD 2,800 million in 2022, and it is predicted to increase at a CAGR of 3.6% from 2022 – to 2032, attaining a market value of USD 3988 million. Among the sources of specialty malt, barley is by far the most common grain used in malting for a range of applications.
Specialty malt is used on a large scale in a number of important food and beverage businesses. In the brewing of beer and the creation of malt-based beverages, specialty malt plays a crucial role. It’s widely used in alcoholic beverages as a flavouring and colouring agent, and it’s in high demand. The primary driver of specialty malt market growth is increased use of malt-based alcoholic and non-alcoholic beverages. Furthermore, increased consumption of malt-based beverages in developing markets such as India and China has fuelled growth.
Key Takeaways:
- The specialty malt market was valued at USD 2,800 million in 2021, and it is predicted to increase at a CAGR of 3.6 percent from 2021 to 2032, reaching a market value of USD 3988 million.
- Specialty malt is used on a large scale in a variety of key food and beverage businesses. In the brewing of beer and the creation of malt-based beverages, specialty malt plays a crucial role.
- The Specialty Malt market is predicted to be worth USD 191 million, with a 22 percent market share.
- China grew at a spectacular 6.9% compound annual growth rate (CAGR). China has a market value of USD 307 million and a market share of 32% in the specialty malt.
- With a market share of 65 percent, the U.S is one of the world’s largest marketplaces for malt beverages, with a total market value of USD 691.6 million.
“Changing taste and preference and inclination towards alcoholic beverage made of specialty malt is likely to boost the growth of specialty malt market. There are many application other than being used as a major component in alcoholic beverage like application of maltose as sweeteners in various food industries to replace sugar which is better option for consumer who are health conscious,” says a lead analyst at Future Market Insights.
Request Methodology @
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-2439
Competitive Landscape:
The distribution network is a challenge for specialty malt producers. The most significant concern is the squeeze on manufacturers’ profit margins, as retail retailers deliver products with reduced profitability even when no reductions are offered. At the same time, retailers are increasing their demands for more frequent delivery from local producers in order to cut their warehousing costs. Malts are commonly used in distilleries to make spirits, whiskey, and other alcoholic beverages. The increasing usage of malt in brewers and distilleries, together with the expanding demand for flavoured whiskeys around the world, is driving the rise of the alcoholic drinks market.
Key Companies Profiled are: Malteurop Groupe, Soufflet Group, Cargill, GrainCorp Ltd., Axereal Group and others
Explore More Valuable Insights
Future Market Insights, in its new report, offers an unbiased analysis of the global Specialty Malt market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
Segmentation of Specialty Malt Market
By Application:
- Distilling
- Brewing
- Baking
- Non-Alcoholic Malt beverages
By Source:
- Barley
- Rye
- Wheat
By Form:
- Dry Specialty Malts
- Liquid Specialty Malts
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
Identify lucrative opportunities, understand market dynamics, and accelerate your growth. Invest in the complete report today! https://www.futuremarketinsights.com/checkout/2439
Frequently Asked Questions
- How much is the Specialty Malt market currently worth?
- At what CAGR is the market expected to grow?
- What are the key trends boosting Specialty Malt sales?
- How are market players reacting to the new developments in the market?
- How many shares do the top 3 companies hold?
- Which are the major countries driving demand for Specialty Malt?
- Who are the major players in Specialty Malt Market?
- What outlook does APAC provide?
- At what rate will the USA Specialty Malt market grow?
- At what level does the report reflect pricing analysis?
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
