Specialty Malt Market Size, by Company, Key Regions, Type, and Application 2032 | CAGR of 3.6%

Specialty Malt Market was worth USD 2,800 Mn in the year 2021 and is expected to grow at a CAGR of 3.6% from the year 2021 to 2032, reaching a market value of about USD 3988 Mn.

The recovery-based survey for market price study, a research on the specialty malt industry, contains critical information on growth strategy, market dynamics, innovations, business opportunities, and the competitive environment. The method of making grains germinate by soaking them in water and then stopping their further germination by drying them with hot air is known as malting. The process of malting cultivates the enzymes in the grain needed to transform the starches into sugars. One such malt is specialty malt, which was first made from barley, wheat, or rye. The most popular grain used in malting for various applications among these sources is barley.

By letting grains soak in water and then drying them with hot air to prevent additional sprouting, the process of malting causes grains to go through germination. By malting the grain, more enzymes are added, which are necessary for turning starches into sugars. Specialty malt is often produced using barley, wheat, or rye. Among these sources, barley is by far the most widely used grain throughout the malting process for a range of purposes.

This market is incredibly complex, scalable, component-based, and distributed while meeting strict security and management criteria. Market end-users are moving away from the conventional premise-based deployments and toward the use of cloud-based and hybrid deployment methods in order to achieve more cost effectiveness.

Brewers are constantly searching for new flavours to entice consumers and give their beers more depth. Utilizing specialty malts in your recipes is one method to do this. Specialty malts are created from barley that has undergone a lengthier or hotter roasting process than regular malt. This roasting procedure changes the flavour and colour of the malt, which can be used to make distinctive beer styles.

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Market Segmentations:
Global Specialty Malt Market: By Key Players
Cargill
Graincorp
Axereal
Soufflet Group
Malteurop
Agraria
Viking Malt AB
Ireks GmbH
Simpsons Malt Limited
Barmalt Malting India Pvt. Ltd.
Global Specialty Malt Market: Regional Analysis
The countries covered in the regional analysis of the Global Specialty Malt market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Global Specialty Malt Market: By Types
Roasted Malt
Crystal Malt
Dark Malt

Global Specialty Malt Market: By Applications
Brewing
Distilling
Non-alcoholic Malted Beverages
Bakery

Market Trends:

• Significant growth in the food and beverage industry is one of the key factors creating a positive outlook for the market.
• Moreover, the increasing consumer preference for craft beer and premium alcohols is providing a thrust to the market growth.
• Quick serving restaurants (QSRs), cafés and hotels are offering unique and innovative domestically brewed beers and whiskeys to their customers, which is positively impacting the demand for specialty malt.
• In line with this, the widespread product adoption in the manufacturing of various baked products is also contributing to the growth of the market.
• Specialty malts are used in flavored breads, biscuits, cookies and malt-infused desserts for enhanced flavor and color. Additionally, various product innovations, such as the launch of malt-based ready-to-drink (RTD) beverages and premixes, are favoring the market growth.

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