Specialty Malt Market Regional & Country Share, Key Factors, Trends & Analysis, Forecast To 2028
The Specialty
Malt Market is expected at USD 2,615.9 Million
in 2020 and is projected to reach USD 3,950.7 Million by 2028, at a CAGR of
5.4% from 2020. Malting is that the process of converting barley
or other cereal grains into malt for application in brewing, distilling, or in
foods and takes place in malting, sometimes called a malt house. Malt
extract is often utilized in the brewing of beer. The drying
step stops the sprouting, but the enzymes remain active thanks to the
low temperatures utilized in base malt production.
This market
intelligence report includes a comprehensive evaluation of the market,
discussing the value, volume, size, share, growth rate, key trends, demand
& supply ratio, gross revenue, competitive landscape, regional analysis,
manufacturers, product types, and end-user applications to give a 360°
overview of the global Specialty Malt industry. The study provides key
information pertaining to the different elements that are propelling or
restraining the growth of the sector. It draws accurate forecasts to estimate
the prospective growth of the overall business.
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Key
Players:
Key participants in the
specialty malt market are the malt manufacturers, suppliers, and regulatory
bodies. The key players that are profiled in the report include Cargill (U.S.),
Malteurop Groupe (France), GrainCorp Ltd. (Australia), Soufflet Group (France),
and Axereal Group (France).
Further
key findings from the Specialty malt report suggest:
- By product, the Caramelized Malt
section is that the foremost prominent segment and was estimated to
account within the world specialty malt market in terms of both value and
volume. The roasted Malt segment is anticipated to exhibit a healthy CAGR
within the forecast period.
- Asia-Pacific region growing at a
remarkable CAGR 6.9% during the analysis period. Some top producers of
specialty malt include Japan, India, China, and Australia. Growth within
the Asia-Pacific region is predicted to develop at an accelerated pace,
which is particularly related to rapid urbanization and availability of
cheap labor, especially in China; this can be often anticipated to boost
the marketplace for malted beer. Europe is anticipated to exhibit steady
growth for the consumption of beer within the approaching years. North
America and geographic areas accounted for a cumulative share within the
malt market.
- Non-alcoholic beverages are gaining
momentum in the market, particularly in the regions of Middle East.
Non-alcoholic beers are brews with an alcohol level volume of less than
0.5%. Specialty malts play an important role in these beverages as they
provide a distinct flavor along with the texture and color of the drink.
They are also gaining traction owing to the rising health-conscious
consumers as an option for sugary drinks.
- The brewing segment is estimated to
account for the largest share in the specialty malt market. The major
factor contributing to the growth of the brewing segment for specialty
malts is the growing popularity and demand for craft beer across the
globe. 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.
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Segments
covered in the report:
By Type: (Revenue, USD
Million; 2020-2028)
- Crystal
- Roasted
- Munich Malt
- Vienna Malt
- Belgian Malt
- Dark
- Other types
By Source: (Revenue,
USD Million; 2020-2028)
- Rye
- Barley
- Wheat
By Form: (Revenue, USD
Million; 2020-2028)
- Liquid Specialty Malts
- Dry Specialty Malts
By Application:
(Revenue, USD Million; 2020-2028)
- Brewing
- Distilling
- Non-Alcoholic Malt beverages
- Baking
Regional Outlook
(Revenue, USD Million; 2020-2028)
- North America
- U.S
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
- Brazil
- Rest of Latin America
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Identifying the basic business
drivers, challenges, and tactics adopted:
·
The report
provides intrinsic details and fluctuating aspects that influence the
commercial dynamics of the Specialty Malt market along with integral factors of
the rise in the demand for the product have been mapped across vital
geographical regions.
·
An overview of
the multifarious applications, business areas and the latest trends observed in
the industry has been laid out by this study.
·
Various
challenges overlooking the business and the numerous strategies employed by the
industry players for successful marketing of the product have also been
illustrated.
·
The research
inspects the sales channels (indirect, direct, marketing) that companies have
chosen for the primary product distributors and the superior clientele of the
market.
Thank
you for reading this article. You can also get chapter-wise sections or
region-wise report coverage for North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa.
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