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.
The report also examines the financial standing of leading companies in detail, which consists of market position, gross profit, overall revenue, sales volume, manufacturing, growth rate, and other vital facts & figures. It profiles the leading companies in the Specialty Malt market to derive market positions, and strengths and weaknesses of established competitors and new entrants by utilizing analytical tools like SWOT Analysis and Porter’s Five Forces Analysis. The study also highlights production capacity, consumer base, value, volume, product offerings, upstream suppliers, downstream buyers, market concentration rate, and leading regions to give an exhaustive evaluation of the global landscape.
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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.
The ‘Global Specialty Malt Market’ Report recently published by Reports and Data provides a comprehensive examination of the critical development patterns found in the business.
The report is an exclusive document containing valuable data and information about the growth of the industry.
The report includes beneficial insights about the market dynamics, profit margins, market share, gross revenue, and other fundamental segments of the market for the forecast period of 2020-2027.
The report includes the impact of the COVID-19 pandemic on the Specialty Malt industry.
The report offers an in-depth analysis of the market size, market share, and market growth and its estimation through the forecast years on the basis of the COVID-19 crisis.
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).Key Aspects of the Specialty Malt Market Report:Extensive Analysis of the Regional Landscape: The report extensively studies the major geographical regions for the analysis of market size, share, growth, and trends.
Malting is defined as the process whereby grains are made to germinate by soaking in water and then their further germination is halted by drying with hot air.
Among these sources, barley is the most preferred grain used in malting for various application.Specialty malt endures large-scale applications in some of the key sectors of the food and beverages industry.
Specialty malt as flavoring agent or coloring agent, endures high demand in the alcoholic beverages segment.
For instance, inclusion of specialty malt as an ingredient for brewing, has a dramatic impact on the flavor, mouthfeel and color of the beer.
In the craft brewery sector, brewers strategize on continuous evolution of its product offerings by trying out new and different types of pale and specialty malts in the view of creating distinctive beers.Request for Report sample : https://www.trendsmarketresearch.com/report/sample/13372Hence, craft brewers willingness to try new malt varieties helps cater to the requirement of the target customers, is one of the driving factor in the global specialty malt market.
Among the demographic segment, millennials are mostly projected to spend on premium alcoholic beverages including craft beer.
