Global Specialty Malt Market Study Analysis: Premium Beers' Taste And Texture Are Heavily Influenced By Specialty Malts

The fast-food market size was valued at $ billion in 2020 and is estimated to reach $ billion by 2028, growing at a CAGR of 8.98% during the forecast period. Malt is a germinated dried cereal grain derived from the malting process. In the malting process grain are made to germinate by soaking water and then halting the further germination by drying with hot air. The malting process results in developing grain enzymes that are required to amend starches into sugar. Malts can be categorized into two types base malts and specialty malts. The specialty malt is derived from corn, wheat, rice, rye, and barley. Specialty malt is a key ingredient in the brewing, distilling, and food and beverages industry. Specialty malts are additives that act as tasting, flavoring, and texturing agents in food and beverages products. The specialty malts are used in various beverages such as brewing beer, whisky, milkshake, and flavored milk. They are also used in various eatables and bakery products including chocolate, bagels, rich tea biscuits, loaf, and flavored bread. Moreover, they add exotic tastes in products including muffins, cookies, soups, bread, wine, and beer. The changing lifestyle and changing tastes and preferences of consumers are expected to drive the specialty malt market growth.

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Global Specialty Malt Drivers And Restrain:
The major factors that have impacted the growth of the specialty malt market are increasing consumption of craft beer which in turn results in more demand for specialty malt, surging demand for specialty malt ingredients, and among others.

Increasing consumption of craft beer:
Crafts Beer is a beer that is made by a small, independent, and traditional brewer. The increasing popularity of craft beer is expected to boost the specialty malt market growth. The specialty malt provides exclusive features including enhanced color and flavor, extended shelf life, improved taste, mouthfeel, rise in foam, and foam retention to the craft beer. The increasing awareness towards health benefits of craft beer including reduced risk of heart disease, protection from Alzheimer’s, reduced risk of kidney stone, strengthening of bones, and others. The increased adoption of craft beer and social acceptance of beer consumption and rising disposable income are expected to drive the specialty market growth.

Surging demand for specialty malt ingredients:
The specialty malt ingredients are extensively used in bakeries and confectionaries. The specialty malt ingredients add color and texture to the eatables. The specialty malt ingredients can be categorized into color malts, caramel or crystal malts, and roasted malts. Each malt has unique properties which enhance the texture and flavor of malted food and beverages. The color malts are specialty malt that is highly dried and are exposed to high temperature to obtain the required color and flavor. The caramel or crystal malts are used for saccharification and caramelization of beer. They are primarily roasted with low heat and then exposed to high temperatures to activate the enzyme. The roasted malts are prepared by gradually increasing the temperature of the roaster. The roasted specialty malt is exclusive dark and aromatic malt ingredients. The growing demand for malted food is estimated to supplement specialty malt market growth.
The market is hampered by the uncertainty in the environment.

Impact Of COVID-19 on the Specialty Malt Market:
• Impact on Market Size
• End-User Trend, Preferences, and Budget Impact
• Regulatory Framework/Government Policies
• Key Players Strategy to Tackle Negative Impact
• Opportunity Window

Global Specialty Malt Market Segments:
The global Specialty Malt market is further segmented into source, form, application, product, and geography.
By Source: Barley, Wheat, and Rye
By Form: Dry & Liquid
By Application: Dairy & Frozen Products, Bakery & Confectionary, Alcoholic Beverages, Non-Alcoholic Beverages, and Others
By Product: Caramelized Malt, Roasted Malt, and Others

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Rest of the World (the Middle East & Africa and South America)

North America is expected to dominate the specialty malt market owing to its high production and consumption. Moreover, rising bakeries and food processing industries in this region are estimated to boost the market growth. The Asia Pacific is anticipated to significantly contribute towards the specialty malt growth market owing to increasing disposable income and a growing number of populations aged between 16-28. The improving production capacity and increase in the number of restaurants are also expected to fuel the market growth in this region. Europe is also estimated to show lucrative opportunities for specialty malt market growth due to the presence of a large consumer base and high consumption of flavored beers and alcoholic drinks.

Key Players of Global Specialty Malt Market:
• Muntons Craft Brewing
• Malteurop Groupe
• GrainCorp Ltd
• Soufflet Group
• Axereal Group
• IREKS GmbH.
• Viking Malt
• Barmalt Malting India Pvt. Ltd
• Cooperativa Agrária Agroindustrial
• Simpsons Malt Limited

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Key Questioned Answered Through The Report:
• The Impact of COVID-19 on the global market
• What are the potential opportunities for new entrants in the global market
• What is the market Size and Forecast from 2020 to 2028?
• Key Players associated with the global Specialty Malt Market
• Value Chain Analysis of Global Specialty Malt Market
• What is the CAGR of the global Specialty Malt Market from 2021 to 2028
• Major Growth Factor, Challenges, Trends, and Opportunities in the global market
• Key outcomes of SWOT Analysis

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