Specialty Malt Market estimated to reach $4.8 Billion with CAGR of 4.7%

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,” 𝗧𝗵𝗲 𝘀𝗽𝗲𝗰𝗶𝗮𝗹𝘁𝘆 𝗺𝗮𝗹𝘁 𝗺𝗮𝗿𝗸𝗲𝘁 𝘀𝗶𝘇𝗲 𝘄𝗮𝘀 𝘃𝗮𝗹𝘂𝗲𝗱 𝗮𝘁 $𝟯.𝟯 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝟮𝟬𝟭𝟴 𝗮𝗻𝗱 𝗶𝘀 𝗽𝗿𝗼𝗷𝗲𝗰𝘁𝗲𝗱 𝘁𝗼 𝗿𝗲𝗮𝗰𝗵 $𝟰.𝟴 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗯𝘆 𝟮𝟬𝟮𝟲, 𝗴𝗿𝗼𝘄𝗶𝗻𝗴 𝗮𝘁 𝗮 𝗖𝗔𝗚𝗥 𝗼𝗳 𝟰.𝟳% 𝗳𝗿𝗼𝗺 𝟮𝟬𝟭𝟵 𝘁𝗼 𝟮𝟬𝟮𝟲. 𝗘𝘂𝗿𝗼𝗽𝗲 𝗶𝘀 𝗼𝗻𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗽𝗿𝗼𝗺𝗶𝗻𝗲𝗻𝘁 𝗿𝗲𝗴𝗶𝗼𝗻𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝘁𝗵𝗮𝘁 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝗲𝗱 𝗳𝗼𝗿 𝗮𝗽𝗽𝗿𝗼𝘅𝗶𝗺𝗮𝘁𝗲𝗹𝘆 𝗵𝗮𝗹𝗳 𝗼𝗳 𝘁𝗵𝗲 𝘁𝗼𝘁𝗮𝗹 𝘀𝗽𝗲𝗰𝗶𝗮𝗹𝘁𝘆 𝗺𝗮𝗹𝘁 𝗺𝗮𝗿𝗸𝗲𝘁 𝘀𝗵𝗮𝗿𝗲 𝗶𝗻 𝟮𝟬𝟭𝟴.

𝗞𝗲𝘆 𝗙𝗶𝗻𝗱𝗶𝗻𝗴𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗦𝗽𝗲𝗰𝗶𝗮𝗹𝘁𝘆 𝗠𝗮𝗹𝘁 𝗠𝗮𝗿𝗸𝗲𝘁 :

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

𝗚𝗲𝘁 𝗮 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝘄𝗶𝘁𝗵 𝗗𝗲𝘁𝗮𝗶𝗹𝘀 @ 𝗵𝘁𝘁𝗽𝘀://𝘄𝘄𝘄.𝗮𝗹𝗹𝗶𝗲𝗱𝗺𝗮𝗿𝗸𝗲𝘁𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵.𝗰𝗼𝗺/𝗿𝗲𝗾𝘂𝗲𝘀𝘁-𝘀𝗮𝗺𝗽𝗹𝗲/𝟮𝟱𝟯𝟳

𝗚𝗹𝗼𝗯𝗮𝗹 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀:-

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

𝗠𝗮𝗸𝗲 𝗮𝗻 𝗘𝗻𝗾𝘂𝗶𝗿𝘆 @ 𝗵𝘁𝘁𝗽𝘀://𝘄𝘄𝘄.𝗮𝗹𝗹𝗶𝗲𝗱𝗺𝗮𝗿𝗸𝗲𝘁𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵.𝗰𝗼𝗺/𝗽𝘂𝗿𝗰𝗵𝗮𝘀𝗲-𝗲𝗻𝗾𝘂𝗶𝗿𝘆/𝟮𝟱𝟯𝟳

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.

𝗕𝘂𝘆 𝗡𝗼𝘄 𝗮𝗻𝗱 𝗚𝗲𝘁 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 @ 𝗵𝘁𝘁𝗽𝘀://𝘄𝘄𝘄.𝗮𝗹𝗹𝗶𝗲𝗱𝗺𝗮𝗿𝗸𝗲𝘁𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵.𝗰𝗼𝗺/𝗰𝗵𝗲𝗰𝗸𝗼𝘂𝘁-𝗳𝗶𝗻𝗮𝗹/𝗯𝟵𝟳𝟬𝟯𝟭𝗰𝗰𝗳𝗯𝟰𝟰𝗮𝟳𝗱𝗱𝗯𝟮𝟰𝟭𝗮𝟭𝟯𝟵𝗱𝗯𝗳𝟴𝟮𝟵𝗳𝟱

𝗕𝗿𝗼𝘄𝘀𝗲 𝗧𝗿𝗲𝗻𝗱𝗶𝗻𝗴 𝗥𝗲𝗽𝗼𝗿𝘁𝘀:

Flavored yogurt Market Expected to Reach $92.3 Billion by 2026
https://www.globenewswire.com/en/news-release/2020/02/11/1983056/0/en/Flavored-yogurt-Market-Expected-to-Reach-92-3-Billion-by-2026.html

Global Meat Substitute Market Is Expected to Reach $8.13 Billion by 2026: Says AMR
https://www.globenewswire.com/news-release/2020/11/25/2133909/0/en/Global-Meat-Substitute-Market-Is-Expected-to-Reach-8-13-Billion-by-2026-Says-AMR.html

David Correa
Allied Analytics LLP
+ +1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn