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Global Specialty Malt Market Size, Trends, and Growth Opportunity, By Source (Wheat, Rye, and Barley), By Form (Dry & Liquid), By Application (Dairy & Frozen Products, Bakery & Confectionary, Alcoholic Beverages, Non-Alcoholic Beverages, and Others), and By Product (Caramelized Malt, Roasted Malt, and Others) By Regional and Forecast to 2030 


Report ID : IR1002057 | Industries : Food and Beverage | Published On :June 2024 | Page Count : 240

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  • Global Specialty Malt Market Size, Trends, and Growth Opportunity, By Source (Wheat, Rye, and Barley), By Form (Dry & Liquid), By Application (Dairy & Frozen Products, Bakery & Confectionary, Alcoholic Beverages, Non-Alcoholic Beverages, and Others), and By Product (Caramelized Malt, Roasted Malt, and Others) By Regional and Forecast to 2030 

    Global Specialty Malt Market 

    The Global Specialty Malt Market was valued at USD 2,287.4 million in 2022 and is expected to reach USD 3,938 million by 2030, at a CAGR of 6.66 % during the forecast period 2023- 2030.

    A dried, germinated cereal grain with a unique texture, flavor, appearance, and impact is known as a specialty malt. It comes in liquid and dry forms and comes in a variety of flavors and colors, including crystal, caramel, chocolate, coffee roasted, and dark malt. It is used to make beer and whisky. These malts are produced from grains like corn, wheat, rye, rice, and barley. 

    Specialty malts, in contrast to conventional base malts, don't require mashing. They are soaked in hot water to produce the proper flavor, fragrance, and color. Large-scale applications for specialty malt can be found in several important areas of the food and beverage industry. A crucial component in the creation of malt-based beverages or beer is specialty malt.

    Market Drivers

    Specialty malt has a strong demand in the market of alcoholic beverages and is frequently employed as a flavoring and coloring ingredient which is anticipated to boost the market growth. The rise of the malt-based alcoholic and non-alcoholic product industries is the main driver of the specialty malt 
    market. 

    Moreover, demand for organic food products is very high which is estimated to drive market growth. Specialty malts are being used as a key component in baking for the first time. Throughout, there is a strong demand for bread, including rye bread, whole wheat bread, buns, white bread, brown bread, and many more bakery items. These key elements are driving the market forward. As public awareness of the advantages of organic food items has expanded, retail sales of organic food products have soared.

    Market Restraints

    The usage of specialist malt is anticipated to be constrained by strict government rules for specialty malt and specialty malt derivative goods. Even though eating organic food is good for consumers' general health, one of the main barriers to purchase is the high cost of organic goods. Organic food is typically pricey, due to the high cost of agricultural cultivation and processing. The requirement for legal compliance and laws in a particular nation also adds to the product's high price, which inhibits market expansion.

    Furthermore, difficult climatic conditions will limit the growth of grains like rye, barley, and wheat and hinder the specialty malt market growth.

    Market Segmentation

    The global Specialty Malt Market is segmented into Source, Form, Application, and Product

    Based on the Source, the market is divided into Wheat, Rye, and Barley

    Based on Form, the market is bifurcated into Dry & Liquid

    Based on Application, the market is segmented into Dairy & Frozen Products, Bakery & Confectionary, Alcoholic Beverages, Non-Alcoholic Beverages, and Others

    Based on Product, the market is divided into Caramelized Malt, Roasted Malt, and Others

    Regional Analysis

    The global Specialty Malt Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

    Europe dominated the global specialty malt market due to the high consumption of malt-based items like beer and malted milk and the extensive use of alcoholic drinks and savory foods.
    However, Asia-Pacific is predicted to have the highest CAGR due to an increase in the consumption of malt-based beverages as a result of cross-cultural interaction. As well as growth in the consumption of flavored health drinks such as Horlicks and Milo boosting the market growth in the coming years.

    Key Players

    Various key players are discussed in the Global Specialty Malt Market Report including: IREKS GmbH, Bar Malt India Pvt. Ltd., GrainCorp Ltd., Viking Malt, Simpsons, Soufflet Group, Axereal Group, Cargill, Inc., and Malteurop Groupe. 

    Market Taxonomy

    By Source 
    • Wheat
    • Rye
    • Barley

    By Form 
    • Dry
    • Liquid

    By Application 
    • Dairy & Frozen Products
    • Bakery & Confectionary
    • Alcoholic Beverages
    • Non-Alcoholic Beverages
    • Others

    By Product
    • Caramelized Malt
    • Roasted Malt
    • Others

    By Region
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa


     

    Global Specialty Malt Market
    1 Introduction 
    1.1 Objective of the Study
    1.2 Market definition
    1.3 Market Scope
    2 Research Methodology
    2.1 Data Mining
    2.2 Validation
    2.3 Primary Interviews
    2.4 List of Data Sources
    3 Executive Summary
    4 Global Specialty Malt Market Outlook
    4.1 Overview
    4.2 Market Dynamics
    4.2.1 Drivers
    4.2.2 Restraints
    4.2.3 Opportunities
    4.2.4 Cumulative Impact due to recent Energy Crisis
    4.2.5 Cumulative Impact due to nearing economic downturn 
    4.2.6 Post covid-19 world Supply & Demand conditions
    4.2.7 Cumulative Impact of Russia-Ukraine Conflict
    4.3 Porters Five Force Model
    4.4 Value Chain Analysis
    5 Global Specialty Malt Market, By Source 
    5.1 Y-o-Y Growth Comparison, By Source  
    5.2 Global Specialty Malt Market Share Analysis, By Source  
    5.3 Global Specialty Malt Market Size and Forecast, By Source 
    5.3.1. Wheat
    5.3.2. Rye
    5.3.3 Barley
    6 Global Specialty Malt Market, By Form
    6.1 Y-o-Y Growth Comparison, By Form
    6.2 Global Specialty Malt Market Share Analysis, By Form
    6.3 Global Specialty Malt Market Size and Forecast, By Form
    6.3.1 Dry 
    6.3.2. Liquid
    8 Global Specialty Malt Market, By Application
    8.1 Y-o-Y Growth Comparison, By Application
    8.2 Global Specialty Malt Market Share Analysis, By Application
    8.3 Global Specialty Malt Market Size and Forecast, By Application
    8.3.1. Dairy & Frozen Products
    8.3.2. Bakery & Confectionary
    8.3.3. Alcoholic Beverages
    8.3.4. Non-Alcoholic Beverages
    8.3.5. Others
    9 Global Specialty Malt Market, By Product
    9.1 Y-o-Y Growth Comparison, By Product
    9.2 Global Specialty Malt Market Share Analysis, By Product
    9.3 Global Specialty Malt Market Size and Forecast, By Product
    9.3.1. Caramelized Malt
    9.3.2. Roasted Malt
    9.3.3. Others 
    10 Global Specialty Malt Market, By Region
    10.1. Global Specialty Malt Market Share Analysis, By Region
    10.2 .Global Specialty Malt Market Size and Forecast, By Region
    11 Nrth America Specialty Malt Market Analysis and Forecast (2023-2030)
    11.1 Introduction
    11.2 North America Specialty Malt Market Share Analysis, By Source  
    11.3 North America Specialty Malt Market Size and Forecast, By Form
    11.4 Asia Pacific Specialty Malt Market Size and Forecast, ByApplication
    11.5 North America Specialty Malt Market Size and Forecast, By Product
    11.6 North America Specialty Malt Market Size and Forecast, By Country
    11.6.1 U.S.
    11.6.2.Canada
    11.6.3. Mexico
    12 Europe Specialty Malt Market Analysis and Forecast (2023-2030)
    12.1 Introduction
    12.2 Europe Specialty Malt Market Share Analysis, By Source  
    12.3 Europe Specialty Malt Market Size and Forecast, By Form
    12.4 Asia Pacific Specialty Malt Market Size and Forecast, ByApplication
    12.5 Europe Specialty Malt Market Size and Forecast, By Product
    12.6 Europe Specialty Malt Market Size and Forecast, By Country
    12.6.1 Germany
    12.7.2 France
    12.7.3 UK
    12.7.4. Rest of Europe
    13 Asia Pacific Specialty Malt Market Analysis and Forecast (2023-2030)
    13.1 Introduction
    13.2 Asia Pacific Specialty Malt Market Share Analysis, By Source  
    13.3 Asia Pacific Specialty Malt Market Size and Forecast, By Form
    13.4 Asia Pacific Specialty Malt Market Size and Forecast, ByApplication
    13.5 Asia Pacific Specialty Malt Market Size and Forecast, By Product
    13.6 Asia Pacific Specialty Malt Market Size and Forecast, By Country
    13.6.1 China 
    13.6.2 Japan
    13.6.3 India
    13.6.4. Rest of Asia Pacific
    14 6atin America Specialty Malt Market Analysis and Forecast (2023-2030)
    14.1 Introduction
    14.2 Latin America Specialty Malt Market Share Analysis, By Source  
    14.3 Latin America Specialty Malt Market Size and Forecast, By Form
    14.4 Asia Pacific Specialty Malt Market Size and Forecast, ByApplication
    14.5 Latin America Specialty Malt Market Size and Forecast, By Product
    14.6 Latin America Specialty Malt Market Size and Forecast, Country
    14.6.1. Brazil
    14.6.2. Rest of Latin America
    15 Middle East Specialty Malt Market Analysis and Forecast (2023-2030)
    15.1 Introduction
    15.2 Middle East Specialty Malt Market Share Analysis, By Source  
    15.3 Middle East Specialty Malt Market Size and Forecast, By Form
    15.4 Asia Pacific Specialty Malt Market Size and Forecast, ByApplication
    15.5 Middle East Specialty Malt Market Size and Forecast, By Product
    15.6 Middle East Specialty Malt Market Size and Forecast, By Country
    15.6.1. Saudi Arabia
    15.6.2. UAE
    15.6.3. Egypt
    15.6.4. Kuwait
    15.6.5. South Africa
    16 Competitive Analysis
    16.1 Competition Dashboard
    16.2 Market share Analysis of Top Vendors
    16.3 Key Development Strategies
    17 Company Profiles
    17.1 IREKS GmbH
    17.1.1 Overview
    17.1.2 Offerings
    17.1.3 Key Financials
    17.1.4 Business Segment & Geographic Overview
    17.1.5 Key Market Developments
    17.1.6 Key Strategies
    17.2. Bar Malt India Pvt. Ltd.
    17.2.1 Overview
    17.2.2 Offerings
    17.2.3 Key Financials
    17.2.4 Business Segment & Geographic Overview
    17.2.5 Key Market Developments
    17.2.6 Key Strategies
    17.3. GrainCorp Ltd.
    17.3.1 Overview
    17.3.2 Offerings
    17.3.3 Key Financials
    17.3.4 Business Segment & Geographic Overview
    17.3.5 Key Market Developments
    17.3.6 Key Strategies
    17.4 Viking Malt
    17.4.1 Overview
    17.4.2 Offerings
    17.4.3 Key Financials
    17.4.4 Business Segment & Geographic Overview
    17.4.5 Key Market Developments
    17.4.6 Key Strategies
    17.5 Simpsons
    17.5.1 Overview
    17.5.2 Offerings
    17.5.3 Key Financials
    17.5.4 Business Segment & Geographic Overview
    17.5.5 Key Market Developments
    17.5.6 Key Strategies
    17.6 Soufflet Group
    17.6.1 Overview
    17.6.2 Offerings
    17.6.3 Key Financials
    17.6.4 Business Segment & Geographic Overview
    17.6.5 Key Market Developments
    17.6.6 Key Strategies
    17.7 Axereal Group
    17.7.1 Overview
    17.7.2 Offerings
    17.7.3 Key Financials
    17.7.4 Business Segment & Geographic Overview
    17.7.5 Key Market Developments
    17.7.6 Key Strategies
    17.8 Cargill, Inc.
    17..8.1 Overview
    17.8.2 Offerings
    17.8.3 Key Financials
    17.8.4 Business Segment & Geographic Overview
    17.8.5 Key Market Developments
    17.8.6 Key Strategies
    17.9 Malteurop Groupe
    17.9.1 Overview
    17.9.2 Offerings
    17.9.3 Key Financials
    17.9.4 Business Segment & Geographic Overview
    17.9.5 Key Market Developments
    17.9.6 Key Strategies