Specialty Malt Market Research Insights 2022-27: Industry Overview, Share, Size, Business Opportunities and Forecast

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.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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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.

Global Specialty Malt Market Trends and Drivers:

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.

Global Specialty Malt Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

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 S.A. (SCA VIVESCIA Industries), Muntons plc, Rahr Corporation, Simpsons Malt Limited, The Soufflet Group and Viking Malt AB.

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The report has segmented the market on the basis of region, product, source, form and application.

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 Region:
• 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

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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This release was published on openPR.