Speciality Malt Market: Caramelised Malt Segment Likely to be the Most Attractive Product Type Segment

Malts are divided into two categories – base malts and specialised malts. Base malts have diastatic power to convert their own starch. However, speciality malts have less diastatic power and provide colour, body, taste and texture to the final product. Speciality malt provides beer and beverages their unique characteristics and flavour. Speciality malt is used for brewing purposes in the food and beverages industry due to its functional properties.

In 2015, the global speciality malt market was valued at more than US$ 2,000 Mn, which is estimated to register a CAGR of 6.4% over the forecast period to be valued at more than US$ 4,000 Mn by the end of 2026. In 2015, total speciality malt consumption stood at 742 Thousand Ton in volume terms, which is expected to increase to 1,363 Thousand Ton by 2026. The global speciality malt market is expected to expand at a CAGR of 5.7% in terms of volume over the forecast period.

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By product type, the Caramelised Malt segment was estimated to account for the largest market share of more than 60% in 2016 and is the biggest segment in the global speciality malt market in terms of both value and volume. The Roasted Malt segment is expected to gain 124 basis points by 2026 as compared to that in 2016.

Roasted Malt segment was estimated to account for a revenue share of more than 35% in the global market in 2016, which is estimated to exhibit a CAGR of 6.8% from 2016 to 2026.

In 2015, the Caramelised Malt segment was valued at nearly US$ 1,300 Mn, which is estimated to register a CAGR of 6.2% over the forecast period to reach nearly US$ 2,500 Mn by the end of 2026. Consumption of caramelised malt in 2015 stood at 447,537 thousand tons, which is expected to increase to 812,466 thousand tons by 2026. The caramelised malt segment is projected to exhibit a CAGR of 5.6% in terms of volume over the forecast period.

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Non-alcoholic beverages are gaining traction in the market, especially in the Middle East. Non-alcoholic beers are brews with an alcohol level volume less than 0.5%. Speciality malts play a vital role in these beverages as they give a perfect flavour along with the colour and texture of the drink.

These drinks are also gaining traction due to the improved taste and wider choices of flavours amongst health conscious consumers as an alternative for sugary drinks. The major markets for these drinks are Iran, Saudi Arabia, Egypt, the UAE, Bahrain, Oman, and Qatar.

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This release was published on openPR.