The specialty malt market size was valued at $3.3 billion in 2018, and is estimated to reach $4.8 billion by 2026, registering a CAGR of 4.7% from 2019 to 2026.
Specialty Malt Market by Source (Wheat, Rye, and Barley), Form (Dry & Liquid), Application (Dairy & Frozen Products, Bakery & Confectionary, Alcoholic Beverages, Non-Alcoholic Beverages, and Others), and Product (Caramelized Malt, Roasted Malt, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026.
Malting is the process in which grains are made to germinate by soaking in water and their further germination is halted by drying with hot air. Malting develops the grain’s enzymes that are required to modify the starches into sugars. Specialty malt are conventionally derived from barley, wheat or rye. Among these sources, barley is the most preferred source of grain that is used in malting for various application.
Specialty malt has large-scale applications in some key sectors of the food and beverages industry. Specialty malt is a key ingredient used in brewing beer or producing malt-based spirits. It is often used as a flavoring and coloring agent and has high demand in alcoholic beverages segment. The primary factor that drive the specialty malt market growth include increasing consumption of malt based alcoholic and non-alcoholic products. Moreover, high demand for malt-based drinks in emerging countries such as India and China, has also been a driving factor. However, unfavorable climatic conditions are expected to hamper the growth of cereals such as rye, barley, and wheat, and act as a restraint for the specialty malt industry. On the contrary, rise in trend of clean-label ingredient and an increase in demand for malt based drinks and snacks are anticipated to provide opportunities for growth.
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According to the specialty malt market analysis in 2018, barley segment accounted for the maximum share in the global specialty malt market while the rye segment is expected to experience rapid growth during the forecast period.
Based on specialty malt market forecast, the alcoholic beverages segment had the maximum contribution in the global specialty malt market share in 2018 and is expected to remain dominant throughout the forecast period. However, the dairy & frozen products segment is expected to witness the fastest CAGR through the forecast period
Europe and North America were the prominent markets in 2018 and accounted for the maximum share in the global specialty market. Asia-Pacific is expected to witness robust specialty malt market growth throughout the forecast period. Major players in the specialty malt market focused on business expansion to improve their stance in the global market and overcome competition.
Some of the key players operating in the global specialty malt industry are Cargill Inc., Malteurop Groupe, GrainCorp Ltd., Soufflet Group, Barrett Burston Malting Company Wa Pty Ltd., Rahr Corporation, Simpsons Malt, Crisp Malting, Muntons PLC, and Axereal Group
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Key Benefits for Specialty Malt Market:
The report provides a quantitative analysis of the current specialty malt market trends, estimations, and dynamics of the market size from 2018 to 2026 to identify the prevailing opportunities.
Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
In-depth analysis and the specialty malt market size and segmentation assists in determining the prevailing specialty malt market opportunities.
The major countries in each region are mapped according to their revenue contribution to the specialty malt market.
The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the specialty malt industry.
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings
2.1.1. Top investment pockets
2.2. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key forces shaping specialty malt industry/market
3.3. Market dynamics…….continue
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