What is Specialty Malt?
The specialty malts are different from normal malts. They are produced by manipulating the process of drying and it’s also exhibits some improved features for manufacturing craft beer such as improved taste, rise in foam and foam retention . Major driving factors for the specialty malts market is growing number of independent breweries, which is highly proficient for healthier alternatives. This factor is expected to boost the global market. The major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on fastest-growing verticals in the craft beer.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Cargill, Inc. (U.S.), Malteurop Groupe (France), GrainCorp Ltd. (Australia), Soufflet Group (France), Axereal Group (France), Viking Malt (Sweden), IREKS GmbH (Germany), Bar Malt India Pvt. Ltd. (India), Soufflet Group (France), Malteurop Groupe (France) and Heineken International (The Netherlands) |
CAGR | 5.2% |
Analysts at AMA Research estimates that Vendors from United States will contribute to the maximum growth of Global Specialty Malt market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill, Inc. (U.S.), Malteurop Groupe (France), GrainCorp Ltd. (Australia), Soufflet Group (France), Axereal Group (France), Viking Malt (Sweden), IREKS GmbH (Germany), Bar Malt India Pvt. Ltd. (India), Soufflet Group (France), Malteurop Groupe (France) and Heineken International (The Netherlands) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Crisp Melting Group Ltd. (United Kingdom), Bairds Malt Ltd. (United Kingdom) and Muntons Malt Ltd. (United Kingdom).
The market study is broken down by Type (Roasted Malt, Crystal Malt and Dark Malt), by Application (Brewing, Distilling, Non-alcoholic Malted Beverages and Bakery) and major geographies with country level break-up.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Specialty Malt market by Type, Application and Region.
On the basis of geography, the market of Specialty Malt has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Liquid Specialty Malts will boost the Specialty Malt market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Rye will boost the Specialty Malt market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Flavor , the sub-segment i.e. Coffee Flavor will boost the Specialty Malt market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In July 2018, Axéréal enter into an agreement to acquired Cargill. This acquisition is beneficial in providing transaction of Boorthmalt maltster in different global region and also serves this product at brewing, food, and beverage industries.
“According to Department of the Treasury and its Alcohol and Tobacco Tax and Trade Bureau , it’s denoted that the the alcohol contribution from such flavors and other non-beverage materials to not more than 49% of the alcohol content of the product.”
Market Trend
- Upsurge demand due to beverage and bakery industries.
- Rapid growth in high tech malt technologies.
Market Drivers
- Changing Lifestyles And Product Portfolio Propelled The Specialty Market.
- Increase In Demand Of Breweries And Multi-Functionality In Booming The Malt Market.
- Rise in Demand for Value Oriented Customers.
Opportunities
- Rising Demand of Crafted Beer and Non-Alcoholic Beverages Items Boost the Specialty Malt.
- Rapid Urbanization In Developed And Developing Countries Leads To Grow The Specialty Malt Market.
Restraints
- Price Fluctuation In Raw Materials Hampers The Demand Of Specialty Malt Industry.
- Government Laws And Regulations Restrain The Growth Of Specialty Malt Industry.
Challenges
- Due To Distribution Network The Specialty Malt Are Lower In Speed.
Key Target Audience
Specialty Malt Manufacturers, Specialty Malt Traders, End-Use Market Participants of Different Segments of Specialty Malt, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.