Specialty-Malt-Market
โ Allied Market Research
WILMINGTON, NEW CASTLE, DELAWARE 19801 USA, UNITED STATES, November 15, 2023 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled, ” Specialty Malt Market by Source, Form, Application and Product: Opportunity Analysis and Industry Forecast, 2019-2026,” ๐ง๐ต๐ฒ ๐๐ฝ๐ฒ๐ฐ๐ถ๐ฎ๐น๐๐ ๐บ๐ฎ๐น๐ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ถ๐๐ฒ ๐๐ฎ๐ ๐๐ฎ๐น๐๐ฒ๐ฑ ๐ฎ๐ $๐ฏ.๐ฏ ๐ฏ๐ถ๐น๐น๐ถ๐ผ๐ป ๐ถ๐ป ๐ฎ๐ฌ๐ญ๐ด ๐ฎ๐ป๐ฑ ๐ถ๐ ๐ฝ๐ฟ๐ผ๐ท๐ฒ๐ฐ๐๐ฒ๐ฑ ๐๐ผ ๐ฟ๐ฒ๐ฎ๐ฐ๐ต $๐ฐ.๐ด ๐ฏ๐ถ๐น๐น๐ถ๐ผ๐ป ๐ฏ๐ ๐ฎ๐ฌ๐ฎ๐ฒ, ๐ด๐ฟ๐ผ๐๐ถ๐ป๐ด ๐ฎ๐ ๐ฎ ๐๐๐๐ฅ ๐ผ๐ณ ๐ฐ.๐ณ% ๐ณ๐ฟ๐ผ๐บ ๐ฎ๐ฌ๐ญ๐ต ๐๐ผ ๐ฎ๐ฌ๐ฎ๐ฒ. ๐๐๐ฟ๐ผ๐ฝ๐ฒ ๐ถ๐ ๐ผ๐ป๐ฒ ๐ผ๐ณ ๐๐ต๐ฒ ๐ฝ๐ฟ๐ผ๐บ๐ถ๐ป๐ฒ๐ป๐ ๐ฟ๐ฒ๐ด๐ถ๐ผ๐ป๐ ๐ถ๐ป ๐๐ต๐ฒ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ต๐ฎ๐ ๐ฎ๐ฐ๐ฐ๐ผ๐๐ป๐๐ฒ๐ฑ ๐ณ๐ผ๐ฟ ๐ฎ๐ฝ๐ฝ๐ฟ๐ผ๐ ๐ถ๐บ๐ฎ๐๐ฒ๐น๐ ๐ต๐ฎ๐น๐ณ ๐ผ๐ณ ๐๐ต๐ฒ ๐๐ผ๐๐ฎ๐น ๐๐ฝ๐ฒ๐ฐ๐ถ๐ฎ๐น๐๐ ๐บ๐ฎ๐น๐ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ต๐ฎ๐ฟ๐ฒ ๐ถ๐ป ๐ฎ๐ฌ๐ญ๐ด.
๐๐ฒ๐ ๐๐ถ๐ป๐ฑ๐ถ๐ป๐ด๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐ฆ๐ฝ๐ฒ๐ฐ๐ถ๐ฎ๐น๐๐ ๐ ๐ฎ๐น๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ :
Based on region, Europe was the highest contributor to the global market in 2018 and is estimated to reach $1.9 billion by 2026.
Based on source, the barley segment was the highest contributor to the market in 2018 and is estimated to reach $3.9 million by 2026.
Based on form, the dry segment was the highest contributor to the market in 2018 and is estimated to grow at a moderate CAGR during the forecast period.
Based on application, the alcoholic beverages segment was the highest contributor to the market and is estimated to grow at a CAGR of 4.5% during the forecast period.
Based on product, the caramelized malt segment is expected to grow at a CAGR of 4.8% throughout the forecast period
๐๐ฒ๐ ๐ฎ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐๐ถ๐๐ต ๐๐ฒ๐๐ฎ๐ถ๐น๐ @ ๐ต๐๐๐ฝ๐://๐๐๐.๐ฎ๐น๐น๐ถ๐ฒ๐ฑ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐๐ฟ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต.๐ฐ๐ผ๐บ/๐ฟ๐ฒ๐พ๐๐ฒ๐๐-๐๐ฎ๐บ๐ฝ๐น๐ฒ/๐ฎ๐ฑ๐ฏ๐ณ
๐๐น๐ผ๐ฏ๐ฎ๐น ๐๐ฒ๐ ๐ฃ๐น๐ฎ๐๐ฒ๐ฟ๐:-
Some of the key players operating in the global specialty malt industry are Cargill Inc., Malteurop Groupe, GrainCorp Ltd., Soufflet Group, Barrett Burston Malting Company Wa Pty Ltd., Rahr Corporation, Simpsons Malt, Crisp Malting, Muntons PLC, and Axereal Group
In 2015, 22 million tons of malt was produced; out of which 90% of the malt was derived from barley. The economics of the malting industry critically depends upon barley selection, protein composition, plumpness, and moisture content. Large brewing companies are not completely integrated in terms of sourcing malt. Some companies such as Anheuser-Busch have their own malting facilities, but also purchase malt from independent maltsters. Over the years, the malt industry has evolved and has come up with specialty ingredient. Specialty malt is one such ingredient that has been gaining traction among its target customers specifically from the brewing and the food industry. Specialty malts range in flavor from the light and sweet carapils to the astringent, carbon-like black malt.
Specialty malt has large-scale application in the food industry, which is mainly attributed to its key functional properties. Specialty malt has been considered as the most preferred natural flavoring or coloring agent in various food processing sectors such as processing of baked goods, bars, cereal, cookies, crackers, granola, gravies, roux, prepared food, pet food, snack food, and others. Apart from the food industry, specialty malt has been incurring high demand from the craft brewing industry. For instance, carapils, one of the types of specialty malt, is primarily used to improve head retention and add a sweet character to beer. Increasing consumption of malt based alcoholic and non-alcoholic products and high demand for malt-based drinks in emerging countries have been
๐ ๐ฎ๐ธ๐ฒ ๐ฎ๐ป ๐๐ป๐พ๐๐ถ๐ฟ๐ @ ๐ต๐๐๐ฝ๐://๐๐๐.๐ฎ๐น๐น๐ถ๐ฒ๐ฑ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐๐ฟ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต.๐ฐ๐ผ๐บ/๐ฝ๐๐ฟ๐ฐ๐ต๐ฎ๐๐ฒ-๐ฒ๐ป๐พ๐๐ถ๐ฟ๐/๐ฎ๐ฑ๐ฏ๐ณ
Considering the large scale applications of specialty malt in the food and beverages industry, the malt has been witnessing high demand in the global market. However, over the past couple of years, uncertain climatic conditions of crop sources have resulted in irregularities in the supply-demand trend for the specialty malt market. For instance, the U.S. is known for excellent growing conditions for barley crop. However, in 2014, the region reported poor rainfalls condition, which resulted in a negative impact on the overall yield of the crop. Thus, barley derived specialty malts incurred higher marginal prices, which affected the overall sales for that particular season.
According to the specialty malt market analysis in 2018, barley segment accounted for the maximum share in the global specialty malt market while the rye segment is expected to experience rapid growth during the forecast period.
Based on specialty malt market forecast, the alcoholic beverages segment had the maximum contribution in the global specialty malt market share in 2018 and is expected to remain dominant throughout the forecast period. However, the dairy & frozen products segment is expected to witness the fastest CAGR through the forecast period
Europe and North America were the prominent markets in 2018 and accounted for the maximum share in the global specialty market. Asia-Pacific is expected to witness robust specialty malt market growth throughout the forecast period. Major players in the specialty malt market focused on business expansion to improve their stance in the global market and overcome competition.
๐๐๐ ๐ก๐ผ๐ ๐ฎ๐ป๐ฑ ๐๐ฒ๐ ๐๐ถ๐๐ฐ๐ผ๐๐ป๐ @ ๐ต๐๐๐ฝ๐://๐๐๐.๐ฎ๐น๐น๐ถ๐ฒ๐ฑ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐๐ฟ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต.๐ฐ๐ผ๐บ/๐ฐ๐ต๐ฒ๐ฐ๐ธ๐ผ๐๐-๐ณ๐ถ๐ป๐ฎ๐น/๐ฏ๐ต๐ณ๐ฌ๐ฏ๐ญ๐ฐ๐ฐ๐ณ๐ฏ๐ฐ๐ฐ๐ฎ๐ณ๐ฑ๐ฑ๐ฏ๐ฎ๐ฐ๐ญ๐ฎ๐ญ๐ฏ๐ต๐ฑ๐ฏ๐ณ๐ด๐ฎ๐ต๐ณ๐ฑ
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David Correa
Allied Analytics LLP
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Article originally published on www.einpresswire.com as Specialty Malt Market estimated to reach $4.8 Billion with CAGR of 4.7%