Specialty Malt Market: Size, Growth, Share, Trends, Competitive Landscape, Forecast To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Specialty Malt Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $4.61 billion In 2028 At A CAGR Of 5.9% :

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.

Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=8531&type=smp

Specialty Malt Market Major Segments
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

Key Driver - Craft Beer Surge Boosts Specialty Malt Market Demand

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.

Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=8531&type=smp

Prominent Trend - Southern Health Foods Launches Manna Go Grains Malt A Nutrient-Rich Health Drink For Children's Growth

Major companies operating in the specialty malt market are innovating new products, such as the Manna Go Grains Malt to provide reliable services to customers. Manna Go Grains Malt is a health and nutrition drink for kids specially formulated to cater to the growth, immunity, and nutrition needs of children. For instance, in March 2021, Southern Health Foods Private Limited, an Indian-based company that provides food products company launched Manna Go Grains Malt. Manna Go Grains Malt is a unique multigrain-based instant drink mix that delivers 33% RDA (Recommended Dietary Allowance) of 24 micronutrients necessary for delivering 5 benefits such as Physical growth, Mental development, Stamina, Stronger Bones, and Immunity. It contains seven grains and fortified with essential vitamins and minerals. It is available in classic malt and chocolate flavors and is high in protein, carbohydrates, and dietary fiber.

Specialty Malt 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

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/speciality-pesticides-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the specialty malt market in 2023. The regions covered in the specialty malt market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Specialty Malt Market Report Structure
3. Specialty Malt Market Trends And Strategies
4. Specialty Malt Market - Macro Economic Scenario
5. Specialty Malt Market Size And Growth
…..
27. Specialty Malt Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.