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Specialty Malt Market Analysis 2023-2032: Trend Analysis, Scope, Size And Growth | Malteurop Malting Company, Soufflet Group, Cargill Inc., GrainCorp Ltd., Axereal Group
Specialty Malt Market
Specialty Malt Market Size, Growth Rate, And Forecast
The global specialty malt market size is expected to grow from $3.28 billion in 2022 to $3.47 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global specialty malt market size is expected to grow to $4.26 billion in 2027 at a CAGR of 5.2%.
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Specialty Malt Market Drivers
Rising demand for craft beer is expected to propel the growth of the specialty malt market going forward. Craft beer is a type of beer produced by specialty breweries. They frequently operate independently and produce significantly less beer than large brewers. In the brewing process, malt is used to meet the carbohydrates required for fermentation and improve the mouthfeel of beer by lingering malt sweetness.
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Specialty Malt Market Segments
• By Product: Caramelized Malt, Roasted Malt, Other Products
• By Source: Barley, Rye, Wheat
• By Form: Dry Specialty Malts, Liquid Specialty Malts
• By Application: Dairy and Frozen Products, Bakery and Confectionery, Alcoholic Beverages, Non-alcoholic Beverages, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Specialty Malt market.
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Specialty Malt Market Key Players
Major competitors in the specialty malt market include Malteurop Malting Company, Soufflet Group, Cargill Inc., GrainCorp Ltd., Axereal Group, Muntons Plc., Simpsons Malt Ltd., Viking Malt BV, IREKS GmbH.
The Business Research Company's "Global Specialty Malt Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Specialty Malt Market Include:
1. Executive Summary
2. Specialty Malt Market Characteristics
3. Specialty Malt Market Trends And Strategies
4. Specialty Malt Market - Macro Economic Scenario
5. Specialty Malt Market Size And Growth
……
26. Africa Specialty Malt Market
27. Specialty Malt Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Specialty Malt Market
29. Specialty Malt Market Future Outlook and Potential Analysis
30. Appendix
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