 of 4.1% during 2023-2028.){kind=link}
According to the latest report by IMARC Group, “Global Specialty Malt Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2023-2028“, the global specialty malt market size reached US$ 3.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.
Specialty malt refers to an extensive range of dried germinated grain with unique taste, texture, color, and effect. It can be classified into roasted malt, crystal or caramel malt, and dark malt. Specialty malt grains are prepared using wheat, barley, rye, rice, and corn. They undergo a customized treatment in terms of heat and moisture to produce several colors, flavors, and functional outcomes. Specialty malt variants are very light in color and contain high amounts of sugar. They can be used with additional malts to brew the desired malt profile. Consequently, specialty malt finds extensive application across various segments of the food and beverage (F&B) industry, such as breweries, distillery, baking, etc.
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Market Trends:
The shifting consumer preference towards craft beer and malt-based liquor is among the key factors driving the specialty malt market. Besides this, the emerging trend of offering unique domestically brewed beers and whiskeys to the customers among the Quick Serving Restaurants (QSRs), hotels, and cafés is also positively influencing the market growth.
Moreover, the increasing product adoption in the production of numerous baked items, including flavored bread, cookies, biscuits, malt-infused desserts, etc., is acting as another growth-inducing factor. Apart from this, escalating innovations using natural and organic malt ingredients and the launch of malt-based ready-to-drink (RTD) beverages and premixes are anticipated to propel the specialty malt market over the forecasted period.
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List of Key Companies Covered in this Market Report:
- Boortmalt (Société Coopérative Agricole Axereal)
- IREKS GmbH (J. Ruckdeschel & SÖHne Gmbh & Co. Kg)
- Malteurop Groupe S.A. (SCA VIVESCIA Industries)
- Muntons plc
- Rahr Corporation
- Simpsons Malt Limited
- Briess Malt & Ingredients Company
- Crisp Malting Group Limited
- Great Western Malting Co. (United Malt Group)
- The Soufflet Group
- Viking Malt AB.
The report has segmented the market on the basis of product, source, form, application and region.
Breakup by Product:
- Caramelized Malt
- Roasted Malt
Breakup by Source:
- Wheat
- Rye
- Barley
Breakup by Form:
- Dry Malt
- Liquid Malt
Breakup by Application:
- Brewing
- Distilling
- Non-Alcoholic Malt Beverages
- Baking
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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