Specialty Malt Market Rising With CAGR of 4.7% By 2026|Cargill, Malteurop Groupe, GrainCorp

According to a new report published by Allied Market Research, titled, " Specialty Malt Market by Source, Form, Application and Product: Opportunity Analysis and Industry Forecast, 2019-2026," The specialty malt market size was valued at $3.3 billion in 2018 and is projected to reach $4.8 billion by 2026, growing at a CAGR of 4.7% from 2019 to 2026. Europe is one of the prominent regions in the market that accounted for approximately half of the total specialty malt market share in 2018.

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Specialty malt has large-scale applications in some key sectors of the food and beverages industry. Specialty malt is a key ingredient used in brewing beer or producing malt-based spirits. It is often used as a flavoring and coloring agent and has high demand in alcoholic beverages segment. The primary factor that drive the specialty malt market growth include increasing consumption of malt based alcoholic and non-alcoholic products. Moreover, high demand for malt-based drinks in emerging countries such as India and China, has also been a driving factor. However, unfavorable climatic conditions are expected to hamper the growth of cereals such as rye, barley, and wheat, and act as a restraint for the specialty malt industry. On the contrary, rise in trend of clean-label ingredient and an increase in demand for malt based drinks and snacks are anticipated to provide opportunities for growth.

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The report segments the market on the basis of source, form, application, product, and region. On the basis of source, the market is further sub-segmented into wheat, rye and barley. On the basis of form, the market is bifurcated into dry and liquid According to application, the market is categorized into dairy & frozen products, bakery & confectionery, alcoholic beverages, non-alcoholic beverages, and others. As per product type, the market is classified into caramelized malt, roasted malt, and others. Based on region, the market has been studied across North America that includes the U.S., Canada, and Mexico; Europe that includes the UK, France, Germany, Italy, Spain, and Rest of Europe; Asia-Pacific that includes China, India, Japan, South Korea, Australia, and Rest of Asia-Pacific; and LAMEA that includes Brazil, Kingdom of Saudi Arabia (KSA), South Africa and Rest of LAMEA.

Based on specialty malt market forecast, the alcoholic beverages segment had the maximum contribution in the global specialty malt market share in 2018 and is expected to remain dominant throughout the forecast period. However, the dairy & frozen products segment is expected to witness the fastest CAGR through the forecast period.

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Europe and North America were the prominent markets in 2018 and accounted for the maximum share in the global specialty market. Asia-Pacific is expected to witness robust specialty malt market growth throughout the forecast period. Major players in the specialty malt market focused on business expansion to improve their stance in the global market and overcome competition.

Key Findings of the Specialty Malt Market :

Based on region, Europe was the highest contributor to the global market in 2018 and is estimated to reach $1.9 billion by 2026.
Based on source, the barley segment was the highest contributor to the market in 2018 and is estimated to reach $3.9 million by 2026.
Based on form, the dry segment was the highest contributor to the market in 2018 and is estimated to grow at a moderate CAGR during the forecast period.
Based on application, the alcoholic beverages segment was the highest contributor to the market and is estimated to grow at a CAGR of 4.5% during the forecast period.
Based on product, the caramelized malt segment is expected to grow at a CAGR of 4.8% throughout the forecast period

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Some of the key players operating in the global specialty malt industry are Cargill Inc., Malteurop Groupe, GrainCorp Ltd., Soufflet Group, Barrett Burston Malting Company Wa Pty Ltd., Rahr Corporation, Simpsons Malt, Crisp Malting, Muntons PLC, and Axereal Group

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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