Global Specialty Malt Market To Grow With A CAGR Of 6% Through 2028

The global specialty malt market is experiencing a robust expansion driven by the craft beverage renaissance, flavor innovation, and the growing demand for premium offerings.

According to the TechSci Research report, “Specialty Malt Market – Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F”, the Global Specialty Malt market stood at USD2.93 billion in 2022 and is anticipated to grow with a CAGR of 6% in the forecast period, 2024-2028. The specialty malt market has emerged as a dynamic and integral component of the global brewing and food industries. Defined by its ability to add distinct flavors, colors, and aromas to various products, specialty malt has transcended its traditional role in brewing to become a versatile ingredient that shapes the character of a wide range of consumables.

Specialty malt, often referred to as "specialty grains," is a type of malt that has undergone unique and specialized processing methods, leading to a diverse spectrum of flavors and attributes. Its role in brewing dates back centuries, where malt was originally developed to create a base for beer fermentation. However, as the art of brewing evolved, maltsters began experimenting with various malting techniques, temperatures, and roasting durations to unlock novel flavors and colors in the malt.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Specialty Malt Market.”

The growing popularity of craft brewing, along with the rise of culinary creativity, has propelled specialty malt beyond the confines of brewing. Today, specialty malt finds applications in a wide array of products, including not only beer but also bread, confectionery, beverages, and even non-alcoholic alternatives. Its influence extends to spirits like whiskey, where malt is used in the production process to impart unique characteristics.

The specialty malt market is characterized by its extensive diversity, offering a kaleidoscope of flavors and colors to the products it influences. From caramel malts that impart sweetness and depth to roasted malts that deliver coffee and chocolate notes, the array of specialty malts enables artisans to tailor their creations to specific taste profiles. Furthermore, the diversity extends beyond the flavors themselves to the degree of coloration and the nuances of aroma that each malt variety brings.

The surge in craft brewing has revolutionized the way specialty malt is perceived and utilized. Craft brewers, seeking to differentiate themselves in a competitive market, turn to specialty malts to craft unique and memorable brews. The intricate interplay between malt flavors, hops, and yeast has led to the creation of diverse beer styles that appeal to a broad consumer base.

The fusion of culinary creativity with brewing has expanded the applications of specialty malt. In the culinary realm, malt is harnessed to enhance flavors in bread, pastries, and desserts, often adding a depth of complexity that elevates the dining experience.

Evolving consumer palates and preferences have driven demand for novel flavors and experiences. Consumers are now seeking beverages and foods that offer authenticity, distinctiveness, and a story to tell. Specialty malt fits this narrative by adding layers of flavor and character that resonate with consumers' desire for uniqueness.

Maintaining consistent quality across a wide range of specialty malt varieties can be a challenge for maltsters. Factors such as malting conditions, sourcing of raw materials, and processing techniques all influence the final product. Ensuring uniformity in flavor and attributes becomes crucial, especially as craft brewers and food producers rely on consistent quality to maintain their brand identity.

The demand for specific specialty malt varieties can experience fluctuations due to shifting consumer preferences and evolving brewing trends. Maltsters need to anticipate and respond to these changes while maintaining a balance between supply and demand.

The production of specialty malt often involves more intricate processing and additional steps compared to base malts. This can lead to higher production costs, which need to be carefully managed to ensure that the final product remains competitive in the market.

The global specialty malt market is segmented based on type, source, application, and region.

Based on the type, the market is segmented into roasted, crystal, dark, and others. Among these, the crystal segment has a significant share in the global specialty malt market during the forecast period. This projection is underpinned by several factors that underscore the enduring appeal and versatility of crystal malts within the brewing and culinary industries.

Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Among these, the Europe segment has a significant share of the global specialty malt market during the forecast period. Europe's rich history of brewing, spanning centuries, has cultivated a deep-rooted appreciation for malt and its transformative role in beer production. The region's mastery in the art of malting has given rise to a wide array of specialty malt varieties, each with its distinct flavor profile and color contribution.

Major companies operating in the global specialty malt market are:

• Muntons plc
• Rahr Corporation
• Crisp Malting
• Briess Malt & Ingredients
• Groupe Soufflet
• GroupCorp Limited
• Malteurop
• Simpsons Malt Limited
• Cargill Inc.
• Axereal  

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“The specialty malt market stands as a testament to the fusion of tradition and innovation. Its evolution from a brewing staple to a versatile ingredient shaping the flavors of various products highlights its enduring significance. As craft brewing, culinary creativity, and consumer preferences continue to evolve, the specialty malt market is poised to grow further, driven by the desire for unique experiences and flavors that resonate with modern palates.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Specialty Malt Market By Type (Roasted, Crystal, Dark, and Others), By Source (Rye, Barley, Wheat, and Others), By Application (Brewing, Distilling, Non-Alcoholic Malt Beverages, Baking, and Others), By Region, By Competition Forecast & Opportunities, 2018-2028F, has evaluated the future growth potential of the specialty malt market globally and provides statistics and information on market structure, size, share, and future growth. The report provides cutting-edge market intelligence and helps decision-makers to make sound investment decisions. Besides, the report also identifies the emerging trends along with essential drivers, challenges, and opportunities present in the market of specialty malt globally.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: [email protected]