Specialty Malt Market to See Robust Growth at a CAGR of 5.4% by 2028 | Industry Demand and Revenue Analysis Report

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The changing lifestyles of buyers and the global demand for fermented drinks have increased dramatically in recent years.

NEW YORK CITY, NEW YORK, USA, December 24, 2021 /EINPresswire.com/ — The Specialty malt market is expected to reach USD 2,615.9 million in 2020 and is expected to reach USD 3,950.7 million by 2028, at a CAGR of 5.4% as of 2020. Malting is the process of converting barley or d ‘other cereals in malt for application in brewing, distillation or in food and takes place in malting, sometimes referred to as a malt house. Malt extract is often used in brewing beer. The drying step stops germination, but the enzymes remain active thanks to the low temperatures used in the production of base malt.

The changing lifestyles of buyers and the global demand for fermented drinks have increased dramatically in recent years. This enables the specialty malt market to grow globally. Additionally, an increase in beer consumption has led brewers to rely more on malt for production. The growing popularity of craft beer and local ale is expected to boost the malt market. Moreover, its widespread application in the food industry is boosting the demand for malt market. However, fluctuating commodity supply affects the malt market.

Malted grain is used to produce beer, whiskey, malted milk, malt vinegar, confectionery such as Maltesers and Whoppers, flavored drinks such as Horlicks, Ovaltine and Milo, and some baked goods, such as malt bread, bagels and rich tea cookies. . Malted grains that have been ground into a coarse meal are known as a “sweet meal”. Various grains are malted, although barley is the most popular. A high protein structure of malted barley is often a component listed on the label of blended flours typically used in the production of yeast bread and other baked goods.

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Market Snapshot:
Over the past 50 years, the food trade has grown considerably to meet the needs of the population and adapt to changing lifestyles. Because it has socio-economic and health implications, the consumption of ready-to-eat foods makes food a significant problem. Food scientists and the food industry are responding by developing strategies and technologies for fast, sensitive, reliable and cost-effective analytical methodologies that lead to less food waste and better nutrition, as well as better business for the food and beverage industry as a whole. .

Key players:
The major players in the specialty malt market are malt manufacturers, suppliers and regulators. The major players presented in the report are Cargill (United States), Malteurop Groupe (France), GrainCorp Ltd. (Australia), Soufflet Group (France) and Axéréal Group (France).

Other key findings from the Specialty Malt report suggest:
• By product, the caramelized malt section is the most important segment and has been estimated to represent within the global specialty malt market in terms of both value and volume. The roasted malt segment is expected to post a healthy CAGR during the forecast period.
• The Asia-Pacific region experienced a remarkable 6.9% CAGR growth during the analysis period. Major producers of specialty malt include Japan, India, China and Australia. Growth within the Asia-Pacific region is expected to develop at an accelerated pace, which is particularly related to rapid urbanization and the availability of cheap labor, especially in China; this can often be expected to stimulate the malt beer market. Europe is expected to show steady growth in beer consumption in the coming years. North America and geographies accounted for a combined share of the malt market.
• Non-alcoholic beverages are gaining ground in the market, particularly in the regions of the Middle East. Non-alcoholic beers are beers with an alcohol volume of less than 0.5%. Specialty malts play an important role in these drinks as they provide a distinct flavor as well as texture and color to the drink. They are also gaining ground due to the increase in health conscious consumers as an option for sugary drinks.
• The brewery segment is estimated to represent the largest share of the specialty malt market. The main factor contributing to the growth of the specialty malt brewing segment is the increasing popularity and demand for craft beer across the world. Roasted malt, being the most popular flavored malt used for brewing, dominates the specialty malt market. Another determining factor for the specialty malt market is the ease of availability of a variety of roasted malts such as Vienna malt, Munich malt and Belgian malt for craft beers.

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Segments covered in the report:
By Type: (Revenue, USD Million; 2020-2028)
• Crystal
• Roast
o Munich malt
o Vienna malt
o Belgian malt
• Dark
• Other types
By Source: (Revenue, USD Million; 2020-2028)
• Rye
• Barley
• Wheat
By Form: (Revenue, Million USD; 2020-2028)
• Liquid specialty malts
• Specialty dry malts
By Application: (Revenue, Million USD; 2020-2028)
• Brewery
• Distillation
• non-alcoholic malt drinks
• Pastry shop

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Regional Outlook (Revenue, USD Million; 2020-2028)
• North America
o United States
o Canada
• Europe
o Germany
France
UK
o Spain
o Rest of Europe
• Asia Pacific
o China
India
Japan
o Rest of Asia-Pacific
• Middle East and Africa
• Latin America
Brazil
o Rest of Latin America

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Identify the basic business drivers, challenges and tactics adopted:
• The report provides intrinsic details and fluctuating aspects that influence the business dynamics of the Specialty Malt market along with integral factors in increasing the demand for the product have been mapped into vital geographic regions.
• An overview of the multiple applications, fields of activity and the latest trends observed in the industry has been presented by this study.
• Various challenges facing the company and the many strategies employed by industry players for successful commercialization of the product were also illustrated.
• Research inspects the sales channels (indirect, direct, marketing) that companies have chosen for the major distributors of products and the top customer base in the market.

Thank you for reading this article. You can also get sections by chapter or report coverage by region for North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.

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