Specialty Malt Market 2024-2033: Competitor Assessment, New Trends, Share Analysis And Global Key Players | Malteurop Malting Company, Soufflet Group, Cargill Inc., GrainCorp Ltd., Axereal Group.

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The Business Research Company presents an extensive market research report on the Specialty Malt Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:
The specialty malt market size has grown strongly in recent years. It will grow from $3.46 billion in 2023 to $3.66 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to craft brewing revolution, consumer taste preferences, artisanal and small-scale production, rise of microbreweries, focus on regional and local ingredients.

The specialty malt market size is expected to see strong growth in the next few years. It will grow to $4.61 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to health-conscious consumer preferences, expansion of barley varieties, shift in consumer lifestyles, rising demand for organic malt, e-commerce expansion. Major trends in the forecast period include regulatory impact on labeling and production, diversity in malt profiles, innovative beer styles, health-conscious beverage choices, preference for unique and flavored beers.

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Key Market Players:
Major companies operating in the specialty malt market report are Malteurop Malting Company, Soufflet Group, Cargill Inc., GrainCorp Ltd., Axereal Group, Muntons Plc., Simpsons Malt Ltd., Viking Malt BV, IREKS GmbH, Crisp Malting Group Ltd., Rahr Corporation, Bar Malt India Pvt. Ltd., Great Western Malting Co., Agromalte Agraria, Dun & Bradstreet Inc., Conagra Brands Inc., London Dairy Co Ltd., Danone SA, Archer Daniels Midland Company, Daiya Foods Inc., Grupo Bimbo S.A.B.de CV, Associated British Foods PLC., General Mills Inc., Lantmännen Unibake, Aryzta AG, Vandemoortele NV, Europastry SA, Cole's Quality Foods Inc., Briess Malt & Ingredients Company, Canada Malting Company, Anheuser-Busch InBev SA/NV

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. Also, malt contains a wide range of nutrients, including silica and vitamin B, which are far more abundant in beer than in wine or any other spirits and are retained throughout the brewing process. Hence, the rising demand for craft beer will increase the demand for specialty malt. For instance, according to the Brewers Association, a US-based trade group of over 5,400 brewers, breweries in planning, suppliers, distributors, and craft beer retailers, in 2021, sales of beer in the United States as a whole increased by 1%, where the sales of beer by craft brewers increased by 8%, increasing their volume share of the market for beer to 13.1%. Therefore, the rising demand for craft beer is driving the demand for specialty malt market.

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The specialty malt market covered in this report is segmented -
1) By Product: Caramilised Malt, Roasted Malt, Other Products
2) By Source: Barley, Rye, Wheat
3) By Form: Dry Specialty Malts, Liquid Specialty Malts
4) By Application: Dairy and Frozen Products, Bakery and Confectionery, Alcoholic Beverages, Non-alcoholic Beverages, Other Applications

The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?

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