Specialty Malt Market: Expected To Observer Major Growth By 2026

The specialty malt is a stuff that gives beer and beverages unique characteristics and flavor. The specialty malt is majorly used for the brewing purpose in food and beverages industry due to their functional properties. Specialty malt has various applications as they help in providing taste, mouth-feel, texture, appearance and flavor to beer and beverages. The specialty malt is also available in chocolate, coffee and caramel flavors, which expand its application areas in food and beverages industry. Barley is the major raw material used to prepare specialty malt, though wheat, rye, rice and corn are also used to prepare the same. The rising popularity of craft beer and demand of specialty malt in various food items results in the growth of the global specialty malt market over the forecast period.

Specialty Malt Market – Drivers and Restraints

The global specialty malt market is expected to register a significant CAGR over the forecast period as rising demand of craft beer resulted in the increasing demand of specialty malt and drives the global specialty malt market. The increase in the number of breweries also boosts the demand of specialty malt and has become the key driver of the global specialty malt market. The multi-functionality of the specialty malt also resulted in the increasing demand, as it enhances the taste, texture, appearance and flavor of the food products and drives the global specialty malt market. The advancements in research and development activities for specialty malt also drive the global specialty malt market.

However, the government laws and regulations on the beverages industry and the fluctuations in the supply of raw material may hamper the demand of the specialty malt and restrain the growth of the global specialty malt market.

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Specialty Malt Market – Segmentation

The global specialty malt market is segmented on the basis of sources, type, application and region.

On the basis of sources, the global specialty malt market is segmented into:

Barley
Wheat
Rice
Corn
Rye
Others

On the basis of type, the global specialty malt market is segmented into:

Roasted
Crystal
Dark

On the basis of application, the global specialty malt market is segmented into:

Brewing
Distilling
Non-alcoholic malt beverages
Others

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Specialty Malt Market – Region Wise Outlook

The global specialty malt market is segmented into seven regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle-East and Africa (MEA). Western Europe is the leading market in the global specialty malt market in terms of revenue and volume due to the high consumption of specialty malt products such as beer and malted ready to use beverages. North America contribute to the significant market share to the global specialty malt market, followed by Western Europe and anticipate to register moderate CAGR over the forecast period. APEJ is expected to grow at a significant growth rate and become a lucrative market owing to the increase in the number of breweries in developing economies such as India and China as well as increasing consumption of beer and malt related products in the region. Japan is anticipated to register a significant market share in the global specialty malt market over the forecast period. MEA and Latin America are at a nascent stage and contribute a decent market share in terms of revenue in the global market and expected to register a moderate growth rate over the forecast period. Overall, the global specialty malt market is anticipated to register a significant CAGR over the forecast period.

Specialty Malt Market - Key Players

The key players of the global specialty malt market are as follows:

Cargill, Inc.
Malteurop Groupe
GrainCorp Ltd.
Soufflet Group
Axereal Group
Bairds Malt Ltd.
Crisp Melting Group Ltd.
Muntons Malt Ltd.
Simpsons Malt Ltd.
Heineken

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This release was published on openPR.