Strong Growth Ahead: Specialty Malt Market Size To Grow At Arecord 6% Cagr By 2029

The Specialty Malt Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

How Big Is the Specialty Malt Market Size Expected to Be by 2034?
In the past few years, the specialty malt market has seen robust growth. It is expected to rise from a worth of $3.66 billion in 2024 to $3.88 billion in 2025, with a compound annual growth rate (CAGR) of 5.9%. Factors contributing to this growth during the historic period include the revolution in craft brewing, changing consumer taste preferences, increased artisanal and small-scale production, the emergence of microbreweries, and a shift towards regional and local ingredients.

The market size for specialty malt is anticipated to see robust expansion in the coming years, with projections estimating that it will elevate to $4.89 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.0%. The expected growth during this forecast period can be linked to consumers' increasing health awareness, the proliferation of barley types, lifestyle modifications among consumers, heightened demand for organic malt, and the extension of e-commerce. Running themes in this projected phase encompass the regulatory influence on labeling and production, variation in malt profiles, inventive beer styles, a move towards health-centric beverage selections, and a preference for distinctive and flavored beers.

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What Are the Emerging Segments Within the Specialty Malt Market?
The specialty malt market covered in this report is segmented -

1) By Product: Caramelized 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

Subsegments:
1) By Caramelized Malt: Caramel Malt, Crystal Malt, Amber Malt
2) By Roasted Malt: Black Malt, Chocolate Malt, Coffee Malt
3) By Other Products: Specialty Grains, Flaked Malt, Adjunct Malts

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What Long-Term Drivers Are Shaping Specialty Malt Market Trends?
The growth of the specialty malt market is anticipated to be driven by the increasing demand for craft beer. Craft beer is a brew created by specialty breweries that often operate independently and manufacture a significantly smaller quantity of beer compared to larger breweries. Malt is a necessary component in the brewing process, supplying the necessary carbohydrates for fermentation and enhancing the beer's mouthfeel with residue malt sweetness. In addition, malt is rich in essential nutrients such as silica and vitamin B, which are more present in beer than in wine or other spirits, and are maintained throughout the brewing process. As a result, the escalating demand for craft beer is expected to surge the demand for specialty malt. For example, data from the Brewers Association, a non-profit organization based in the US, shows that retail dollar sales of craft beer increased by 3%, climbing to $28.9 billion. This now accounts for 24.7% of the $117 billion U.S. beer market, a rise from the previously recorded $115 billion. Consequently, the growing demand for craft beer is fuelling the specialty malt market's demand.

Who Are the Top Competitors in Key Specialty Malt Market Segments?
Major companies operating in the specialty malt market are Muntons Malt plc, Malteurop, Cargill, Incorporated, Castle Malting, Briess Malt & Ingredients Co., Weyermann Malting, Soufflet Group, Simpson's Malt, BSG Craft Brewing Supplies, Rahr Corporation, CoorsTek, Inc., A. W. H. Malt, D. E. M. A., maltsters.com, Crisp Malting Group, Boortmalt, J. Stout & Co., Lindeboom Brewery, Great Western Malting, Pilsner Urquell, Haystack Mountain, Old Dominion Brewing Company, H. D. H. Malting, D. A. B. Malting, Castle Rock Brewery, Thomas Fawcett & Sons, MaltEurop Group

What Specialty Malt Market Trends Are Gaining Traction Across Different Segments?
Leading corporations in the specialty malt market are innovating and creating new products like the third single malt whisky, emphasizing unique tastes and eco-friendly methods. Malt whisky, usually made from malted barley at a single distillery, is recognized for its robust flavors and intricacy, and it's typically matured in oak barrels for at least three years. For example, in July 2024, Holyrood Distillery, a whisky business based in the UK, introduced Ambir. This malt offers a sophisticated flavor combination, merging heritage malts with innovative techniques to deliver a distinctive whisky experience. In moderate quantities, it may have health benefits, including enhancing heart health and cognitive function. The malt not only nurtures a cultural bond with the Scotch tradition of Edinburgh but also makes for a wonderful selection at social events.

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Which Regions Are Becoming Hubs for Specialty Malt Market Innovation?
North America was the largest region in the specialty malt market in 2024. The regions covered in the specialty malt market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Specialty Malt Market?
2. What is the CAGR expected in the Specialty Malt Market?
3. What Are the Key Innovations Transforming the Specialty Malt Industry?
4. Which Region Is Leading the Specialty Malt Market?

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