Specialty Malt Market
Specialty Malt Market Forecasts to 2032 - Global Analysis By Type (Roasted Malt, Crystal Malt, Caramelized Malt, Smoked Malt, Honey Malt, Acidulated Malt and Other Types), Source (Barley, Wheat, Rye, Oats and Other Sources), Form, Production Method, Application and By Geography
|
Years Covered |
2024-2032 |
|
Estimated Year Value (2025) |
US $4.1 BN |
|
Projected Year Value (2032) |
US $5.9 BN |
|
CAGR (2025-2032) |
5.4% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Europe |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Specialty Malt Market is accounted for $4.1 billion in 2025 and is expected to reach $5.9 billion by 2032 growing at a CAGR of 5.4% during the forecast period. Specialty malt are a category of malted grains that undergo specific kilning or roasting processes to develop unique flavors, colors, and aromas. Unlike base malts, specialty malts contribute character and complexity to beer, influencing taste profiles such as caramel, chocolate, or roasted notes. They are used in smaller quantities and play a critical role in crafting diverse beer styles, enhancing body, mouthfeel, and visual appeal.
According to Statistics Sweden, the value of industrial production of malt extract in Sweden was 1,361.21 million SEK in 2016, and 1,319.80 million SEK in 2017.
Market Dynamics:
Driver:
Expansion of the food and beverage industry
The expansion of the food and beverage industry is driven by increasing consumer demand for craft beverages and artisanal food products. The rising popularity of craft beer has significantly boosted demand for specialty malts, with craft breweries seeking unique flavor profiles through roasted, caramel, and chocolate malts. Specialty malts are finding applications beyond brewing, including breakfast cereals, bakery products, and confectionery items, expanding market opportunities. Additionally, the growing preference among Gen Z consumers for better-for-you products and premium ingredients continues to drive market expansion.
Restraint:
Challenges in distribution network
Distribution network challenges pose significant constraints on manufacturers' profit margins and operational efficiency. Retail stores often demand products with lower profit margins while simultaneously requiring more frequent deliveries to reduce warehousing costs, creating pressure on manufacturers. Moreover, the complexity of managing global supply chains across different regions with varying regulatory requirements adds operational difficulties. Additionally, the need for specialized storage and handling of specialty malts, combined with the requirement for maintaining product quality during transportation, creates additional logistical challenges that can limit market penetration and increase distribution costs.
Opportunity:
Innovation in malt varieties and applications
Innovation in malt varieties and applications presents substantial growth opportunities, with manufacturers continuously developing new formulations to meet evolving consumer preferences. The introduction of gluten-free options, organic malts, and specialty blends caters to diverse dietary requirements and premium market segments. Additionally, the expansion of specialty malt applications into non-traditional sectors such as functional foods, health supplements, and innovative beverage categories opens new revenue streams and market opportunities for industry players.
Threat:
Competition from alternative ingredients
Competition from alternative ingredients represents a significant threat, as brewers increasingly experiment with non-grain malts and beer adjuncts. The growing availability of alternative brewing ingredients allows producers to diversify their ingredient sources and create novel flavor profiles, potentially reducing dependence on conventional specialty malts. Moreover, the rising demand for gluten-free and plant-based alternatives has led to the development of substitute ingredients that can replicate malt characteristics.
Covid-19 Impact:
The coronavirus pandemic initially disrupted specialty malt market operations through supply chain interruptions and manufacturing challenges, though the industry demonstrated resilience through adaptive strategies. Market participants focused on increasing production of high-quality specialty malts to meet demand from health-conscious consumers during the pandemic. Furthermore, the growing trend of home baking during lockdowns significantly boosted sales of specialty malt products, offsetting some negative impacts. Additionally, manufacturers developed innovative approaches to maintain business continuity despite initial market disruptions.
The barley segment is expected to be the largest during the forecast period
The barley segment is expected to account for the largest market share during the forecast period due to its superior malting characteristics and widespread acceptance in brewing applications. Barley-based specialty malts have gained significant traction in the craft brewery industry because of their distinctive flavor profiles and reliable performance in beer production. Additionally, the grain's versatility in producing various malt types, including pale, caramel, and roasted malts, makes it the preferred choice for brewers seeking consistent quality and diverse flavor options across different beer styles and applications, contributing to its market leadership position.
The liquid segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the liquid segment is predicted to witness the highest growth rate, driven by increasing demand for convenient and ready-to-use malt solutions. Liquid malt extracts offer brewers and food manufacturers enhanced processing efficiency and consistent quality control compared to dry alternatives. The growing popularity of home brewing and artisanal food production has increased demand for user-friendly liquid malt products that require minimal preparation. Additionally, liquid malts provide better flavor integration and reduced processing time in commercial applications, making them increasingly attractive to manufacturers seeking operational efficiency and product consistency in their production processes.
Region with largest share:
During the forecast period, the Europe region is expected to hold the largest market share owing to its strong brewing heritage, established craft beer culture, and significant presence of major malt producers like Malteurop Groupe and Axereal Group. Europe's stringent quality standards and consumer preference for premium alcoholic beverages drive consistent demand for high-quality specialty malts. Additionally, the region's well-developed distribution infrastructure and proximity to key barley-producing areas provide competitive advantages that support market leadership.
Region with highest CAGR:
Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR, driven by rising disposable incomes and growing interest in diverse beverage options. The region's large youth population with increasing purchasing power is fueling demand for craft beer and premium alcoholic beverages. Additionally, expanding urbanization, changing lifestyle preferences, and the emergence of local craft breweries across countries like Japan, South Korea, and Southeast Asian nations contribute to the region's exceptional growth potential in specialty malt consumption.
Key players in the market
Some of the key players in Specialty Malt Market include Cargill, Inc., Malteurop Groupe, GrainCorp Ltd., Soufflet Group, Axereal Group, Crisp Malting Group, Muntons PLC, IREKS GmbH, Barrett Burston Malting Company Pty Ltd., Boortmalt, Viking Malt, Simpsons Malt Ltd, Briess Malt & Ingredients, Rahr Corporation, Great Western Malting Company, Canada Malting Co. Ltd, Bairds Malt Limited, and Agromalte Agraria.
Key Developments:
In March 2025, Muntons the malted ingredient and malt manufacturer based in Stowmarket Suffolk and Bridlington in North Yorkshire has officially opened a new £6.4 million Peating plant in Yorkshire. The plant is situated in a remote rural area in the Yorkshire Wold around an hour from our Bridlington maltings which produces over 100,000 tonnes of malt a year.
Types Covered:
• Roasted Malt
• Crystal Malt
• Caramelized Malt
• Smoked Malt
• Honey Malt
• Acidulated Malt
• Other Types
Sources:
• Barley
• Wheat
• Rye
• Oats
• Other Sources
Forms Covered:
• Dry
• Liquid
Production Methods Covered:
• Organic
• Conventional
Applications Covered:
• Brewing
• Distilling
• Non-Alcoholic Malt Beverages
• Baking & Confectionery
• Other Food & Beverage Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Specialty Malt Market, By Type
5.1 Introduction
5.2 Roasted Malt
5.3 Crystal Malt
5.4 Caramelized Malt
5.5 Smoked Malt
5.6 Honey Malt
5.7 Acidulated Malt
5.8 Other Types
6 Global Specialty Malt Market, By Source
6.1 Introduction
6.2 Barley
6.3 Wheat
6.4 Rye
6.5 Oats
6.6 Other Sources
7 Global Specialty Malt Market, By Form
7.1 Introduction
7.2 Dry
7.3 Liquid
8 Global Specialty Malt Market, By Production Method
8.1 Introduction
8.2 Organic
8.3 Conventional
9 Global Specialty Malt Market, By Application
9.1 Introduction
9.2 Brewing
9.3 Distilling
9.3.1 Whiskey Production
9.3.2 Other Spirits Production
9.4 Non-Alcoholic Malt Beverages
9.5 Baking & Confectionery
9.6 Other Food & Beverage Applications
10 Global Specialty Malt Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Cargill, Inc.
12.2 Malteurop Groupe
12.3 GrainCorp Ltd.
12.4 Soufflet Group
12.5 Axereal Group
12.6 Crisp Malting Group
12.7 Muntons PLC
12.8 IREKS GmbH
12.9 Barrett Burston Malting Company Pty Ltd.
12.10 Boortmalt
12.11 Viking Malt
12.12 Simpsons Malt Ltd
12.13 Briess Malt & Ingredients
12.14 Rahr Corporation
12.15 Great Western Malting Company
12.16 Canada Malting Co. Ltd
12.17 Bairds Malt Limited
12.18 Agromalte Agraria
List of Tables
1 Global Specialty Malt Market Outlook, By Region (2024-2032) ($MN)
2 Global Specialty Malt Market Outlook, By Type (2024-2032) ($MN)
3 Global Specialty Malt Market Outlook, By Roasted Malt (2024-2032) ($MN)
4 Global Specialty Malt Market Outlook, By Crystal Malt (2024-2032) ($MN)
5 Global Specialty Malt Market Outlook, By Caramelized Malt (2024-2032) ($MN)
6 Global Specialty Malt Market Outlook, By Smoked Malt (2024-2032) ($MN)
7 Global Specialty Malt Market Outlook, By Honey Malt (2024-2032) ($MN)
8 Global Specialty Malt Market Outlook, By Acidulated Malt (2024-2032) ($MN)
9 Global Specialty Malt Market Outlook, By Other Types (2024-2032) ($MN)
10 Global Specialty Malt Market Outlook, By Source (2024-2032) ($MN)
11 Global Specialty Malt Market Outlook, By Barley (2024-2032) ($MN)
12 Global Specialty Malt Market Outlook, By Wheat (2024-2032) ($MN)
13 Global Specialty Malt Market Outlook, By Rye (2024-2032) ($MN)
14 Global Specialty Malt Market Outlook, By Oats (2024-2032) ($MN)
15 Global Specialty Malt Market Outlook, By Other Sources (2024-2032) ($MN)
16 Global Specialty Malt Market Outlook, By Form (2024-2032) ($MN)
17 Global Specialty Malt Market Outlook, By Dry (2024-2032) ($MN)
18 Global Specialty Malt Market Outlook, By Liquid (2024-2032) ($MN)
19 Global Specialty Malt Market Outlook, By Production Method (2024-2032) ($MN)
20 Global Specialty Malt Market Outlook, By Organic (2024-2032) ($MN)
21 Global Specialty Malt Market Outlook, By Conventional (2024-2032) ($MN)
22 Global Specialty Malt Market Outlook, By Application (2024-2032) ($MN)
23 Global Specialty Malt Market Outlook, By Brewing (2024-2032) ($MN)
24 Global Specialty Malt Market Outlook, By Distilling (2024-2032) ($MN)
25 Global Specialty Malt Market Outlook, By Whiskey Production (2024-2032) ($MN)
26 Global Specialty Malt Market Outlook, By Other Spirits Production (2024-2032) ($MN)
27 Global Specialty Malt Market Outlook, By Non-Alcoholic Malt Beverages (2024-2032) ($MN)
28 Global Specialty Malt Market Outlook, By Baking & Confectionery (2024-2032) ($MN)
29 Global Specialty Malt Market Outlook, By Other Food & Beverage Applications (2024-2032) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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