Specialty Malt Market

The Global Specialty Malt Market size was valued US$ 3,102.42 million in 2023. It is projected to reach US$ 4,250.37 million by 2032, growing at a CAGR of 4.2% during the forecast period. This report provides a deep insight into the Specialty Malt Market covering all its essential aspects. This ranges from a macro-overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. 

Specialty Malt Market

Size, by Product, - (USD Billion)

Caramelized Malt

Roasted Malt

Baking

Other Products

The Market will Grow

At the CAGR of:

4.2%

The Forecast Market

Size for in USD:

$ 4,250.37 million

Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Companies

London Dairy Co. Ltd (UK), Inc (USA), Conagra Brands, Daiya Foods Inc. (Canada), General Mills Inc. (USA), Grupo Bimbo S.A.B.de C.V.(Mexico), Associated British Foods PLC (UK), Lantmännen Unibake (Denmark), Cole’s Quality Food Inc. (USA), Aryzta AG (Switzerland), Vandemoortele NV (Belgium), Europastry S.A. (Spain), Dun & Bradstreet, Danone SA (France), ADM (USA)

Specialty Malt Market Segments

By Product: Caramelized Malt, Roasted Malt, Breakup

By Source: Wheat, Rye, Barley

By Form: Dry Malt, Liquid Malt

By Application: Brewing, Distilling, Non-Alcoholic Malt Beverages, Baking

Specialty Malt Market

Share, by end user, (USD Billion)

3,102.42 million%

Brewing

Distilling

Non-Alcoholic Malt Beverages

Baking

Other End-Users

4,250.37 million

Total Market Size

USD (Billion),

4.2%

CAGR

-

Here are some geographies covered in detail

1. North America: Large economies like the United States and Canada are covered in this region.

2 Europe: The European market includes countries such as Germany, UK, France, Italy, Russia, and others.

3. Asia-Pacific: This region includes major economies like China, Japan, India, South Korea, Australia, and others.

4. Latin America: Countries like Brazil, Argentina, Mexico and others are part of this region.

5. Middle East and Africa: This region comprises economies from North Africa, GCC countries, South Africa and others.

6. Eastern Europe: This region includes countries such as Poland, Russia, Ukraine and others.

These geographic markets are analysed in terms of the current scenario, growth outlook, and potential opportunities. The research is conducted by considering various aspects such as economic conditions, government policies, industrial development, competitive landscape, and consumer behaviour in these regions.

Specialty Malt Market Opportunity

• As craft breweries expand globally, the demand for specialty malts is increasing. Craft brewers often look for unique flavors and characteristics to differentiate their brews, which specialty malts can offer.
• Specialty malts offer a wide range of flavors, colors and functions, making them versatile beyond brewing. They are used for distilling, baking and even making non-alcoholic drinks such as malt cocktails.
• Today's consumers, especially Millennials and Generation Z, are adventurous in their tastes and seek out unique flavor experiences. Specialty malts with different flavors and aromas fulfill this requirement.
• interest in healthier and more sustainable food and beverages is growing. Specialty malt producers can capitalize on this trend by offering organic, locally sourced or sustainably sourced varieties.

• The consumption of craft beer and specialty drinks is increasing in the emerging markets of Asia, Latin America and Africa. This provides an opportunity for specialty malt producers to expand their reach into these regions.

  Specialty Malt Market

  Size, by Product, - (USD Billion)

  The Market will Grow

  At the CAGR of:

  4.2%

  The Forecast Market

  Size for in USD:

  $ 4,250.37 million

  

Specialty Malt Market Trends

• The growth of craft beer has been a significant driver of demand for specialty malts. Craft brewers often experiment with unique flavors and styles, which increases the demand for specialty malts with different characteristics, such as caramel, chocolate or roasted notes.
• Consumers are increasingly looking for locally sourced and artisanal products, including specialty malts. This trend has fueled the growth of small maltsters producing quality specialty malts that meet the preferences of local brewers.
• Homemaking continues to grow in popularity as more hobbyists experiment with different ingredients and techniques. As a result, the demand for specialty malts for home brewing in small quantities is increasing.
• Sustainability has become a major concern for both consumers and brewers. Malt producers are increasingly adopting sustainable practices in their operations, such as energy-efficient malting processes, purchasing grain from local farmers and investing in water conservation measures.
• With growing demand for gluten-free products, there is growing interest in specialty malts made from alternative grains such as sorghum, millet and quinoa. These grains offer unique flavor profiles and are suitable for consumers with dietary restrictions.

Specialty Malt Market Key Takeaways

• The demand for specialty malts is growing with the growth of the craft beer industry and consumer preferences for unique flavor profiles.
• Craft brewers are driving much of the demand for specialty malts as they experiment with new and innovative beer styles that require specific malt characteristics.
• Consumers are increasingly interested in locally sourced and artisanal products, leading to the growth of small-scale maltsters producing quality specialty malts tailored to regional tastes.
• Sustainability is becoming a critical factor in the specialty malt market as consumers and companies alike favor environmentally friendly malting practices.
• Interest in specialty malts made from alternative grains is growing, offering options for consumers with dietary restrictions seeking unique flavor experiences.

• Demand for specialty malt beers is also driven by the popularity of barrel aged beers and unique beer types such as sour and smoked beers that require special malt characteristics.

  Specialty Malt Market TO (USD BN)

  

  CAGR OF

  4.2%

  Specialty Malt Market

  

  4,250.37 million%

Specialty Malt Market Recent developments

• The craft distilling industry has expanded rapidly, increasing the demand for specialty malts. Distillers experiment with different grains and malt varieties to create unique spirits with distinct flavour profiles. This trend has created new opportunities for maltsters to supply specialty malts to the distilling industry.
• The growing popularity of low and non-alcoholic beverages has impacted the specialty malt market. Brewers and maltsters are developing specialty malts tailored for non-alcoholic beer and other light alcoholic beverages, catering to consumers looking for healthier, more moderate beverages.
• The specialty malts market is growing globally, fuelled by demand from growing markets such as Asia Pacific and Latin America. As consumer tastes evolve and craft brewing grows in these regions, the need for quality specialty malts to meet the demand for different beer styles increases.
• Maltsters and brewers are putting more emphasis on flavour innovation and creating new malts with unique flavour profiles. This includes malts with enhanced caramelization, roasted or smoked characteristics, as well as malts made from alternative grains such as rye, oats and spelt.
• Collaboration between maltsters, brewers and researchers has increased, leading to better knowledge and innovation in the specialty malt industry. In addition, there is increasing investment in education and training programs aimed at providing brewers with the skills and knowledge needed to work effectively with specialty malts.

Specialty Malt Market Challenges

• Supply chain disruptions such as extreme weather events, delivery delays and trade disputes can affect the availability and price of specialty malts. Maltsters and breweries must overcome these challenges to ensure the continued availability of quality malt.
• Fluctuations in grain prices and exchange rates can cause price fluctuations in the malt specialty market. Production costs for maltsters and breweries may increase, affecting profit margins and pricing strategies.
• Specialty malts compete with alternative ingredients used in brewing, such as additives, sugars and syrups. Brewers may choose these options to achieve a specific flavor profile or to reduce costs by challenging the demand for specialty malts.
• Maintaining consistent quality is critical in the specialty malt market, as differences in malt characteristics can affect the taste, aroma and appearance of the final beer. Maltsters must implement strong quality control measures to ensure that their products meet the requirements and expectations of brewers.
• Compliance with legal requirements such as food safety standards, labeling and environmental regulations make the specialty malt industry difficult. Malts and breweries need to stay abreast of changing regulations and invest in compliance measures to reduce risk.

Specialty Malt Market Conclusion

In conclusion, the specialty malt market is a dynamic and evolving sector of the beer industry that is driven by changing consumer preferences, innovations in beer technology and changes in the global economy. Despite challenges such as supply chain disruptions, price volatility and competition from alternative raw materials, the specialty malt market continues to grow and innovate.