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Specialty Malt Market Projected to Reach USD 4,063.0 Million by 2032 - Persistence Market Research

04-01-2025 02:21 PM CET | Food & Beverage

Press release from: Persistence Market Research

Specialty Malt Market

Specialty Malt Market

The specialty malts market is an essential component of the global malt industry, serving a variety of sectors such as brewing, food production, and health drinks. As of 2023, the global specialty malts market is poised for significant growth, driven by an increasing demand for high-quality malts in brewing and food industries. The market was valued at US$ 2,830.4 million in 2025, and it is projected to expand at a CAGR of 5.3% during the forecast period, reaching a total market size of US$ 4,063.0 million by 2032. Specialty malts are primarily used for their unique flavor profiles, color contributions, and functional properties in a variety of food and beverage applications. This growth can be attributed to the rising global consumption of craft beers, demand for healthier beverages, and the increasing preference for organic and natural ingredients in the food industry.

Key growth drivers behind this market include the growing popularity of craft beers, the increasing consumption of alcoholic and non-alcoholic beverages, and the rise of healthier and functional food products. Among the key segments, brewing is the leading category, driven by the growing craft beer trend and the demand for distinct flavors and colors in beverages. Europe dominates the specialty malts market, driven by the region's long-standing brewing tradition, innovation in malt production, and increasing demand for specialized malts. The presence of leading companies in the European market also plays a key role in its dominance.

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Key Highlights from the Report

• The specialty malts market is projected to grow at a CAGR of 5.3% from 2023 to 2033.
• The market value is estimated to reach US$ 4,063.0 million by 2032.
• Brewing grade organic malts are a leading product segment.
• Europe is the dominant geographical region for specialty malts.
• Caramelized malt is one of the most popular types of specialty malt.
• The growing trend of craft beers and healthier beverages boosts the market growth.

Market Segmentation

By Grade: Food Grade and Brewing Grade Organic

The specialty malts market is primarily segmented based on grade, with food grade and brewing grade organic being the two main categories. Food-grade malts are utilized in the production of various food products, particularly bakery and confectionery items, to enhance flavor, color, and texture. This segment is witnessing steady growth, driven by the increasing demand for high-quality ingredients in processed foods. Brewing-grade organic malts, on the other hand, are used specifically in the brewing industry. They are favored for their ability to enhance the sensory properties of beers, particularly craft beers. The growing demand for organic and non-GMO ingredients is propelling the growth of organic malts in the brewing sector, as consumers and breweries increasingly prioritize sustainability and natural ingredients.

By Type: Caramelized and Roasted Malt

In terms of malt types, the two leading categories are caramelized malt and roasted malt. Caramelized malts are primarily used to provide sweetness, color, and depth of flavor to a wide range of beverages and food products. They are particularly popular in the brewing industry, where they contribute to the distinctive flavors of beers, including rich, caramel, and toffee-like notes. Roasted malts, on the other hand, are darker and have a more intense flavor profile, adding roasted, nutty, or even chocolate-like notes to beers and other beverages. Both types are highly valued in the brewing sector, where flavor profiles are crucial. They are also used in food applications like bakery products and confectionery, where the need for unique color and taste combinations is significant.

Regional Insights

Europe: The Heart of the Specialty Malt Industry

Europe is the dominant region for the specialty malts market, primarily due to the region's rich brewing heritage, significant beer consumption, and strong demand for high-quality malts. Countries such as Germany, Belgium, and the UK have long been key players in the brewing industry and continue to lead the market due to their emphasis on craft beer production and high-quality ingredients. Additionally, the growing trend of craft brewing and organic beer production in Europe is fueling the demand for specialty malts. Leading European malt companies, such as Weyermann and Malteurop, contribute to the region's dominance through their extensive production capabilities and innovative malt products.

North America: Rising Demand for Craft Beer and Functional Beverages

North America is another key region for the specialty malts market, especially with the rapid growth of the craft beer segment. The rise in craft breweries across the United States and Canada is contributing to the increased demand for specialty malts. These malts offer brewers the flexibility to experiment with different flavors and colors, aligning with the growing consumer preference for unique and artisanal products. Additionally, there is an increasing focus on healthier, functional beverages in North America, which is further driving the demand for specialty malts in non-alcoholic beverages like health drinks and energy drinks. The combination of a thriving craft beer scene and the rising demand for functional beverages positions North America as a rapidly expanding market for specialty malts.

Market Drivers

Rising Popularity of Craft Beer and Unique Flavors

One of the primary drivers of the specialty malts market is the growing popularity of craft beer. Craft brewers are increasingly turning to specialty malts to create unique, flavorful, and visually appealing beers that cater to evolving consumer tastes. Specialty malts, such as caramelized and roasted malts, allow brewers to achieve distinct colors and flavors that are essential for differentiating their products in a competitive market. As the craft beer trend continues to expand globally, the demand for specialty malts is expected to remain strong.

Increasing Demand for Natural and Organic Ingredients

The growing consumer preference for natural and organic ingredients is another key driver in the specialty malts market. In the food and beverage industry, particularly in brewing, there is a rising demand for organic and non-GMO products. Specialty malts, especially those classified as brewing grade organic, are seen as a healthier alternative to conventional malts, providing brewers with an opportunity to align with sustainability and health-conscious trends. This shift toward organic ingredients is also prominent in other sectors, such as bakery products and dairy, contributing to the expansion of the specialty malts market.

Innovation in Beverage Products

Ongoing innovation in beverage products is driving the demand for specialty malts. With increasing consumer interest in health drinks, energy drinks, and functional beverages, manufacturers are looking for unique ingredients to enhance the flavor, texture, and color of their products. Specialty malts play a crucial role in these innovations, offering a range of benefits from flavor enhancement to the creation of visually appealing beverages. As beverage companies continue to innovate, specialty malts are expected to be increasingly incorporated into new products.

Market Restraints

High Cost of Specialty Malts

One of the main restraints for the growth of the specialty malts market is the high cost of specialty malts compared to regular malts. The production process for specialty malts involves additional steps, such as caramelization or roasting, which increases the cost. This can be a barrier for smaller brewers or food manufacturers, particularly in developing regions where price sensitivity is higher. While the premium quality of specialty malts justifies the higher cost for many producers, it may limit their adoption in price-sensitive markets.

Limited Availability of Raw Materials

The availability of high-quality raw materials for specialty malt production can also be a challenge. Barley is the primary raw material used for malting, but fluctuations in supply due to climate change, crop diseases, or geopolitical factors can impact the overall production of specialty malts. As barley prices rise or availability becomes constrained, the cost of producing specialty malts could increase, which may, in turn, affect their affordability and availability in certain markets.

Market Opportunities

Expanding Demand for Functional Beverages

The rising consumer interest in functional beverages presents significant growth opportunities for the specialty malts market. Beverages such as energy drinks, health drinks, and fortified drinks are gaining popularity as consumers become more health-conscious. Specialty malts can contribute unique flavor profiles and color enhancements to these beverages, making them an appealing ingredient for manufacturers. As the functional beverage market continues to grow, the demand for specialty malts is expected to increase.

Growth in Emerging Markets

The emerging markets of Asia-Pacific, Latin America, and Africa present untapped opportunities for the specialty malts market. These regions are experiencing rapid urbanization, increasing disposable incomes, and changing consumer preferences toward premium and healthier food and beverage products. As breweries and food manufacturers in these regions start to experiment with premium ingredients, the demand for specialty malts will likely rise. Furthermore, the growing trend of craft beer and artisanal food production in these regions creates substantial growth prospects for specialty malt manufacturers.

Reasons to Buy the Report

✔ Understand the growth potential of the specialty malts market through 2033.
✔ Gain insights into the key market segments, including types, grades, and applications.
✔ Identify key drivers, challenges, and opportunities shaping the market.
✔ Explore regional dynamics and the impact of emerging markets on growth.
✔ Stay informed on the latest market trends and innovations in the specialty malts industry.

Key Players in the Specialty Malts Market

• Malteurop
• Weyermann
• Canada Malting
• Rahr
• IREKS
• Bestmalz
• Prairie Malt / Boortmalt
• Munton's
• Crisp
• Baird's
• Simpson's
• Viking
• Patagonia
• Proximity
• Epiphany
• Soufflet
• Axereal
• Great Western

Recent Developments in the Specialty Malts Market

1. Weyermann recently expanded its production capacity to meet the growing demand for organic specialty malts in Europe and North America.
2. Malteurop introduced a new range of premium malts tailored for the craft brewing market, focusing on sustainable sourcing practices and innovative malting techniques.

Contact Us:

Persistence Market Research
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Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com

About Persistence Market Research:

At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.

Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.

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