Specialty Malt Market to Reach $4.8 Billion by 2026, Driven by Rising Demand for Craft Beer and Functional Beverages

Allied Market Research recently published a report titled "Specialty Malt Market by Source (Wheat, Rye, and Barley), Form (Dry & Liquid), Application (Dairy & Frozen Products, Bakery & Confectionary, Alcoholic Beverages, Non-Alcoholic Beverages, and Others), and Product (Caramelized Malt, Roasted Malt, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026". According to the report, the global specialty malt market accounted for $3.3 billion in 2018 and is expected to reach $4.8 billion by 2026, registering a CAGR of 4.7% during the forecast period.

𝐈𝐧𝐜𝐞𝐧𝐭𝐢𝐯𝐞𝐬 𝐟𝐨𝐫 𝐦𝐚𝐫𝐤𝐞𝐭 𝐠𝐫𝐨𝐰𝐭𝐡

rise in demand for flavored beer or craft beer and large-scale application of specialty malt in the food industry have boosted the growth of the global specialty malt market. However, unfavorable climate hampers market growth. On the contrary, rise in trend of clear-label ingredients and surge in demand for malt-based functional beverages are expected to create lucrative opportunities in the near future.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/2537

𝐓𝐡𝐞 𝐁𝐚𝐫𝐥𝐞𝐲 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐝𝐨𝐦𝐢𝐧𝐚𝐭𝐞𝐝 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭

The barley segment held the largest share in 2018, contributing more than four-fifths of the global specialty malt market. High usage of barley in malt processing due to its unique taste and growing adoption barley-based non-alcoholic malt drinks have propelled the growth. However, the rye segment is projected to register the fastest CAGR of 5.9% during the forecast period, owing to rise in demand for barley or wheat specialty malt.

𝐓𝐡𝐞 𝐋𝐢𝐪𝐮𝐢𝐝 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐦𝐚𝐧𝐢𝐟𝐞𝐬𝐭 𝐟𝐚𝐬𝐭𝐞𝐬𝐭 𝐂𝐀𝐆𝐑 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝟐𝟎𝟐𝟔

The liquid segment is expected to exhibit the fastest CAGR of 5.3% during the forecast period, owing to increase in consumption of beer worldwide and increase in disposable income of people across the globe. However, the dry segment dominated the global specialty malt market in 2018, accounting for more than four-fifths of the market, as dry malt has better shelf life due to its zero water content.

𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐄𝐧𝐪𝐮𝐢𝐫𝐲: https://www.alliedmarketresearch.com/purchase-enquiry/2537

𝐄𝐮𝐫𝐨𝐩𝐞 𝐡𝐞𝐥𝐝 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐬𝐡𝐚𝐫𝐞, 𝐟𝐨𝐥𝐥𝐨𝐰𝐞𝐝 𝐛𝐲 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚

The global specialty malt market across Europe held the largest share, followed by North America, which contributed more than two-fifths of the market, owing to rise in income level of people and high consumption of flavored beverages and baked goods in the region. However, the market across Asia-Pacific is projected to register the fastest CAGR of 6.3% increase in adoption of malt-based baked food as well as surge in consumption of flavored health drinks such as Horlicks and Milo, coupled with rise in consumption of malt-based alcoholic beverages.

𝐌𝐚𝐣𝐨𝐫 𝐦𝐚𝐫𝐤𝐞𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬

𝐂𝐚𝐫𝐠𝐢𝐥𝐥 𝐈𝐧𝐜.
𝐌𝐚𝐥𝐭𝐞𝐮𝐫𝐨𝐩 𝐆𝐫𝐨𝐮𝐩𝐞
𝐆𝐫𝐚𝐢𝐧𝐂𝐨𝐫𝐩 𝐋𝐭𝐝.
𝐒𝐨𝐮𝐟𝐟𝐥𝐞𝐭 𝐆𝐫𝐨𝐮𝐩
𝐁𝐚𝐫𝐫𝐞𝐭𝐭 𝐁𝐮𝐫𝐬𝐭𝐨𝐧 𝐌𝐚𝐥𝐭𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐚𝐧𝐲 𝐖𝐚 𝐏𝐭𝐲 𝐋𝐭𝐝.
𝐑𝐚𝐡𝐫 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧
𝐒𝐢𝐦𝐩𝐬𝐨𝐧𝐬 𝐌𝐚𝐥𝐭
𝐂𝐫𝐢𝐬𝐩 𝐌𝐚𝐥𝐭𝐢𝐧𝐠
𝐌𝐮𝐧𝐭𝐨𝐧𝐬 𝐏𝐋𝐂
𝐀𝐱𝐞𝐫𝐞𝐚𝐥 𝐆𝐫𝐨𝐮𝐩

𝐏𝐫𝐢𝐜𝐢𝐧𝐠 𝐃𝐞𝐭𝐚𝐢𝐥𝐬 : https://www.alliedmarketresearch.com/specialty-malt-market/purchase-options

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