Specialty Malt Market By Type (Crystal, Roasted, Dark, Others), By Form (Dry Form, Liquid Form), By Source (Barley, Wheat, Rye, Others)By Flavor (Aromatic, Coffee, Smoked, Others), By Application (Brewing, Distilling, Baking, Others), Global Analysis to 2023

Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Food and Beverage | Format: Report available in PDF / Excel Format

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Specialty Malt Market By Type (Crystal, Roasted, Dark, Others), By Form (Dry Form, Liquid Form), By Source (Barley, Wheat, Rye, Others)By Flavor (Aromatic, Coffee, Smoked, Others), By Application (Brewing, Distilling, Baking, Others), Global Analysis to 2023

Specialty Malt Market Size and Forecast

According to the new report titled " ",

The valuation of the  Specialty Malt market was $3.12 Billion in 2023 and is projected to reach $82.1 Billion by 2032, at a CAGR of 6.31% from 2021 to 2032.

The Specialty Malt Market was valued at $3.12 Billion by 2023 and expected to grow at CAGR of 6.31% over forecast period.  Specialty malt refers to a category of malted grains that are produced for specific flavor, color, or other unique characteristics desired by brewers and distillers. Unlike base malts, which serve as the primary source of fermentable sugars in beer or spirits production, specialty malts are used in smaller quantities and contribute distinct qualities to the final product.

Picture thisbrewers and distillers have a secret weapon - a vast selection of specialty malts, each with its own magical charm. Think about caramel malts, chocolatey malts, inky black malts, roasted barley with a smoky kick, Munich malts with a toasty embrace, Vienna malts with a touch of spice, and wheat malts with a soft, fluffy character. The craft beer revolution has ignited a burning desire for these specialty malts. Why? Because brewers are on a mission to create beers that stand out like stars in a crowded night sky. These malts give them a toolbox of flavors to play with, from sweet and nutty to dark and roasty. And guess what? Beer lovers are all about the thrill of the unknown. They crave beers that spark their taste buds with unexpected flavors and intriguing ingredients. That's where specialty malts come in. As our thirst for unique brews grows, so does the demand for these malty wonders.

Crystal held the largest share in the Specialty Malt market

Hey there, beer enthusiasts! Let's talk about different types of malts and how they shape our beloved brews. One star player in the specialty malt scene is called Crystal Malt. Crystal Malt is like the secret ingredient that gives beers their irresistible caramel and toffee notes. It's a master at adding a touch of sweetness, depth, and complexity, making beers even more delicious. Craft brewers are big fans of Crystal Malt because it lets them unleash their creativity and brew unique beers that stand out from the crowd. Today's beer drinkers are all about trying new flavors and styles, and Crystal Malt delivers on that in spades, giving beers a distinct and memorable taste. But what's the deal with quality and consistency? Just like any other special ingredient, the quality of Crystal Malt matters. Brewers want to know that they can count on it to bring the same great taste and aroma to their beers every time.

Breweries and distilleries rely on suppliers to provide crystal malt that meets their specific flavor, color, and performance requirements, ensuring the desired characteristics in the finished product. Overall, the demand for crystal malt is driven by its ability to enhance flavor and color in beer and spirits, its versatility across different brewing and distilling applications, the growth of the craft beer market, evolving consumer preferences, and the need for high-quality and consistent ingredients in beverage production.

Asia Pacific headed the Specialty Malt market in 2023

In recent years, Asia Pacific has embraced craft beer with a passion, just like North America and Europe. People are seeking out beers with distinctive flavors and aromas, making specialty malts like crystal malt highly sought after. Craft brewers in countries like Japan, South Korea, Australia, and China are experimenting with these malts to create an amazing variety of beers for the growing number of thirsty beer lovers. The region's booming economies have put more money in people's pockets, and they're now ready to splurge on premium treats like craft beer and specialty malt drinks. This has created a cycle of demand for both consumers and producers, leading to an explosion of breweries and microbreweries across Asia Pacific.

These smaller-scale breweries often focus on producing artisanal and experimental beers, which frequently utilize specialty malts to achieve unique flavor profiles. This proliferation of breweries has consequently boosted the demand for specialty malt in the region.
Key market players operating in the market that are profiled in the report are Viking Malt, Agraria, Simpsons Malt, GrainCorp, Anheuser-Busch InBev, Barmalt, Milwaukee, WI, Imperial Malts Ltd., Bar Malt India Pvt. Ltd. etc

Report Scope

REPORT ATTRIBUTES DETAILS
STUDY PERIOD

2021-2031
BASE YEAR

2024
FORECAST PERIOD

2024-2031
HISTORICAL PERIOD

2021-2023
UNIT

Value (USD Billion)
KEY COMPANIES PROFILED

Soufflet Group, GrainCorp Ltd., Viking Malt, Cargill, Inc., IREKS GmbH, Bar Malt India Pvt. Ltd., Simpsons, Axereal Group, and Malteurop Group.
SEGMENTS COVERED

Type, Application, Source, Form, and Geography.
CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope

 

 

Global Specialty Malt MarketSegmentation Analysis

The Global Specialty Malt Market is Segmented Based on Type, Application, Source, Form, and Geography.

Specialty Malt Market, By Type

  • Roasted
  • Crystal
  • Caramelized
  • Dark
  • Smoked
  • Honey

Based on Type, the market is segmented into Roasted, Crystal, Caramelized, Dark, Smoked, and Honey. Crystal malt holds the highest market share within the specialty malt market. This dominance is attributed to its ability to impart both sweetness and a range of caramel flavors, while also enhancing the color of the final product, making it a versatile choice for brewers.

Specialty Malt Market, By Application

  • Brewing
  • Bakery
  • Confectionery

Based on Application, the market is bifurcated into Brewing, Bakery, and Confectionery. Brewing holds the highest market share, driven by the surging popularity of craft beers, where specialty malts are crucial for achieving unique flavors, colors, and textures.

Specialty Malt Market, By Source

  • Barley
  • Wheat
  • Rye
  • Oats
  • Spelt
  • Einkorn

Based on the Source, the market is classified into Barley, Wheat, Rye, Oats, Spelt, and Einkorn. Barley holds the dominant market share in the specialty malt market. This is attributed to its versatility in producing a wide range of flavors and characteristics, making it highly preferred by brewers and food producers.

Specialty Malt Market, By Form

  • Dry
  • Liquid

Based on Form, the market is segmented into Dry and Liquid. The dry form segment holds the largest market share, attributed to its extended shelf life and cost-effectiveness compared to the liquid form. Dry malt extract requires minimal processing and storage, making it a more economical choice for both producers and consumers.

Specialty Malt Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Based on Geography, the Specialty Malt Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest market share is currently held by North America. This dominance is attributed to the well-established craft beer industry in the region, where specialty malts are widely used to create unique flavor profiles in beers.

  • Keyplayers

  • Soufflet Group

  • GrainCorp Ltd.

  • Viking Malt

  • Cargill

  • Inc.

  • IREKS GmbH

  • Bar Malt India Pvt. Ltd.

  • Simpsons

  • Axereal Group

  • and Malteurop Group.

 

 

Reasons to Purchase this Report

Understanding the MarketA Deep Dive To give you a solid footing in the market, we've done a thorough analysis that considers both financial and non-financial factors. We've broken down the market into manageable segments, and for each one, we'll give you the dollar value in billions. Pinpointing Growth We've identified the regions and segments that are set to boom, so you can stay ahead of the curve. Our analysis shows which areas are poised to dominate the market in the years to come. Regional Insights We'll dive into each region to understand how the product or service is being used and what's driving the market there. This will help you tailor your strategies to different parts of the world. Competitive Landscape Who's who in the industry? We'll rank the top players and give you the scoop on their latest moves, such as product launches, partnerships, and acquisitions. Company Profiles Get to know the key players in-depth. We'll provide overviews, insights, product comparisons, and SWOT analyses to empower your decision-making. Outlook and Dynamics We'll explore the market's past, present, and future to identify opportunities, challenges, and trends. Our analysis will help you navigate the ever-changing landscape. Porter's Five Forces We'll use Porter's framework to analyze the forces that shape the market, giving you a deep understanding of its competitive dynamics. Value Chain This analysis will show you how the product or service moves through the value chain, providing insights into costs, margins, and potential areas for optimization. Post-Sales Support Our team of experts will be there for you for six months after your purchase to answer any questions and provide ongoing support.

Table of Content

1 INTRODUCTION OF GLOBAL SPECIALTY MALT MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
3.5 Market attractiveness

4 GLOBAL SPECIALTY MALT MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis

5 GLOBAL SPECIALTY MALT MARKET, BY SOURCE
5.1 Wheat
5.2 Barley
5.3 Rye

6 GLOBAL SPECIALTY MALT MARKET, BY FORM
6.1 Dry
6.2 Liquid

7 GLOBAL SPECIALTY MALT MARKET, BY APPLICATION
7.1 Bakery
7.2 Brewing
7.3 Distilling
7.4 Non-Alcoholic Malt Beverages

8 GLOBAL SPECIALTY MALT MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East and Africa

9 GLOBAL SPECIALTY MALT MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies
9.4 ACE Matrix

10 COMPANY PROFILES
10.1 Soufflet Group
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments

10.2 GrainCorp Ltd.
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments

10.3 Viking Malt
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments

10.4 Cargill, Inc.
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments

10.5 IREKS GmbH
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments

10.6 Bar Malt India Pvt. Ltd.
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Development

10.7 Simpsons
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments

10.8 Axereal Group
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Development

10.9 Malteurop Groupe
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook

11 KEY DEVELOPMENTS
11.1 Product Launches/Developments
11.2 Mergers and Acquisitions
11.3 Business Expansions
11.4 Partnerships and Collaborations

12 Appendix
12.1 Related Research

  • Keyplayers

  • Soufflet Group

  • GrainCorp Ltd.

  • Viking Malt

  • Cargill

  • Inc.

  • IREKS GmbH

  • Bar Malt India Pvt. Ltd.

  • Simpsons

  • Axereal Group

  • and Malteurop Group.

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