The global specialty maltmarket size reached US$ 3.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.
Specialty malt is a dried germinated cereal grain with unique texture, taste, color and effect. It is used for brewing beer and whiskey and is available in flavored and colored variants, such as crystal, caramel, chocolate, coffee roasted and dark malt, in liquid and dry forms. These malts are prepared using barley, wheat, rye, rice and corn. In comparison to the traditionally used base malts, specialty malts do not need to be mashed and are steeped in hot water for the desired flavor, aroma and coloring. They are also very light in color and contain high amounts of sugar. They are usually used individually or combined with other specialty malts to brew the desired malt profile.
Specialty Malt Market Trends:
Significant growth in the food and beverage industry is one of the key factors creating a positive outlook for the market. Moreover, the increasing consumer preference for craft beer and premium alcohols is providing a thrust to the market growth. Quick serving restaurants (QSRs), cafés and hotels are offering unique and innovative domestically brewed beers and whiskeys to their customers, which is positively impacting the demand for specialty malt. In line with this, the widespread product adoption in the manufacturing of various baked products is also contributing to the growth of the market. Specialty malts are used in flavored breads, biscuits, cookies and malt-infused desserts for enhanced flavor and color. Additionally, various product innovations, such as the launch of malt-based ready-to-drink (RTD) beverages and premixes, are favoring the market growth. Other factors, including rising expenditure capacities of the consumers, along with the rising preference for natural and organic malt ingredients, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global specialty maltmarket report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, source, form and application.
Breakup by Product:
Breakup by Source:
Breakup by Form:
Breakup by Application:
Non-Alcoholic Malt Beverages
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Boortmalt (Société Coopérative Agricole Axereal), Briess Malt & Ingredients Company, Crisp Malting Group Limited, Great Western Malting Co. (United Malt Group), IREKS GmbH (J. Ruckdeschel & SÖHne Gmbh & Co. Kg), Malteurop Groupe S.A. (SCA VIVESCIA Industries), Muntons plc, Rahr Corporation, Simpsons Malt Limited, The Soufflet Group and Viking Malt AB.
Base Year of the Analysis
Product, Source, Form, Application, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Boortmalt (Société Coopérative Agricole Axereal), Briess Malt & Ingredients Company, Crisp Malting Group Limited, Great Western Malting Co. (United Malt Group), IREKS GmbH (J. Ruckdeschel & SÖHne Gmbh & Co. Kg), Malteurop Groupe S.A. (SCA VIVESCIA Industries), Muntons plc, Rahr Corporation, Simpsons Malt Limited, The Soufflet Group and Viking Malt AB.
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Key Questions Answered in This Report
The global specialty malt market was valued at US$ 3.6 Billion in 2022.
We expect the global specialty malt market to exhibit a CAGR of 4.1% during 2023-2028.
The increasing consumer preferences towards craft beer and premium alcohols, along with the widespread availability of malt-based ready-to-drink beverages and premixes, are primarily driving the global specialty malt market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of specialty malt.
Based on the product, the global specialty malt market has been segmented into caramelized malt and roasted malt. Currently, caramelized malt holds the majority of the total market share.
Based on the source, the global specialty malt market can be divided into wheat, rye, and barley, where barley currently exhibits a clear dominance in the market.
Based on the form, the global specialty malt market has been categorized into dry malt and liquid malt. Currently, dry malt accounts for the majority of the global market share.
Based on the application, the global specialty malt market can be segregated into brewing, distilling, non-alcoholic malt beverages, and baking. Among these, brewing currently holds the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global specialty malt market include Boortmalt (Société Coopérative Agricole Axereal), Briess Malt & Ingredients Company, Crisp Malting Group Limited, Great Western Malting Co. (United Malt Group), IREKS GmbH (J. Ruckdeschel & SÖHne Gmbh & Co. Kg), Malteurop Groupe S.A. (SCA VIVESCIA Industries), Muntons plc, Rahr Corporation, Simpsons Malt Limited, The Soufflet Group, and Viking Malt AB.
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