Posted by Global Specialty Malt Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Specialty malt Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global specialty malt market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
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 is a distinctive product tailor-made for use in brewing and distilling. Its creation involves a precise malting procedure, meticulously germinating, drying, and roasting barley or other grains to impart distinct flavors, hues, and scents to alcoholic drinks. Available in diverse varieties like roasted, crystal, and smoked malts, it offers adaptability in both brewing and distilling ventures. Given its ability to elevate beverage taste and enrich consumer experiences, the global demand for specialty malt is on the upswing.
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Global Specialty Malt Market Trends and Drivers:
Currently, the market is experiencing growth due to a surge in consumer preference for unique alcoholic beverages. Additionally, the proliferation of cafes, bars, clubs, and pubs globally is a significant driver for market expansion. Moreover, the thriving craft beer and spirits industries are fueling the demand for specialty malt, contributing to the market’s positive trajectory. The evolving consumer lifestyle is further amplifying the market’s growth as there is an increasing adoption of specialty malt. Additionally, the market is witnessing a favorable outlook due to the growing consumer demand for organic and locally sourced specialty malt options on a global scale.
Global Specialty Malt Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Boortmalt (Société Coopérative Agricole Axereal), Briess Malt Ingredients Company, Crisp Malting Group Limited, Great Western Malting Co. (United Malt Group), IREKS GmbH (J. Ruckdeschel SÖHne Gmbh Co. Kg), Malteurop Groupe S.A. (SCA VIVESCIA Industries), Muntons plc, Rahr Corporation, Simpsons Malt Limited, The Soufflet Group and Viking Malt AB.
The report segmented the market on the basis of region, product, source, form and application.
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
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
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.
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