Specialty Malt - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Specialty Malt Market is accounted for $2.38 billion in 2018 and is expected to reach $4.03 billion by 2027 growing at a CAGR of 6.0%. Rising beer consumption to fuel the market for specialty malts and emerging economies to play a key role in rising demand for consumer products incorporating specialty malt are likely to boost the growth of the market. However, changes in climatic conditions are likely to hamper the profit boundaries.
Specialty malts can be defined as malts that consist of a larger percentage of lighter malts and a smaller percentage of flavored or colored malts. Specialty malts are uniquely steeped and kilned to achieve the desired sweetness, taste, color, and effect. Specialty malts can be classified into three main categories, namely, crystal or caramel malt, roasted malt, and dark malt. Roasted malts are usually kilned to a very high degree to achieve the desired result and are the most commonly used specialty malts in brewing..
Based on the type, the Roasted malt, being the most popular flavored malt used for brewing, dominates the market for specialty malts. The ease of availability of a variety of roasted malts such as Vienna malt, Munich malt, and Belgian malt for craft beers is another driving factor for the specialty malts market. By geography, the Asia Pacific region dominated the specialty malt market. The region has a large youth population with high disposable income, and has been witnessing rising demand for alcohol with the growing popularity of craft beers. The region also has large-scale production facilities and immense potential to fulfil market demand, and is therefore projected to witness a high growth rate during the forecast period
Some of the key players in the Specialty Malt Market include Viking Malt AB, Soufflet Group, Simpsons Malt Limited, Malteurop, Ireks GmbH, GroupCorp Limited, Graincorp Ltd, Crisp Malting, Cargill Incorporated , Briess Malt & Ingredients, Barmalt Malting India Pvt Ltd , Axereal, Agrária, Muntons plc and Rahr Corporation.
• Other Types
• Cargill, Incorporated
• Weyermann Specialty Malts
• Ireks GmbH
• Graincorp Limited
• Malteurop Groupe Sa
• Dry Specialty Malts
• Liquid Specialty Malts
• Others Source
• Coffee Flavor
• Aromatic Malts
• Non-Alcoholic Malt Beverages
• Dairy & Frozen Products
• Alcoholic beverages
• Others Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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