Increasing Demand for Craft Beer & Flavored Malt Beverages Would Fuel the Growth of the Specialty Malt Market

Chicago, 2019-Dec-03 — /EPR Network/ —

The specialty malt market is experiencing positive growth, especially in the Asia-Pacific region. This region accounted for the largest share in 2016, in terms of value. Increase in demand for craft beer and growth in the non-alcoholic malted beverages segment have encouraged manufacturers to invest in research & development (R&D) activities for developing new products.

The specialty malt market caters to different industries such as brewing, distilling, non-alcoholic malted beverages, and bakery. The type, quality, and blend of specialty malt used define the attributes of the final product. Specialty malts are used in the brewing industry for the production of a variety of beers. They play a significant role in meeting the desired attributes, such as taste, texture, mouthfeel, and form of the final products.

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The specialty malt market by type has been segmented into roasted malt, dark malt, and crystal malt. The roasted malt segment is projected to grow at the highest CAGR from 2017 to 2022. Munich malt is one of most widely used specialty malts for brewing globally.

The specialty malt market has been segmented on the basis of source into barley, wheat, rye, oat, and corn. The barley segment accounts for the largest market share being the most widely preferred source for production of specialty malt. However, seasonal variations and declining quality of barley crops are the key factors hampering the growth of this market. Several manufacturers have created blends and combinations of specialty malts for specific food & beverage applications.

On the basis of application, the specialty malt market has been segmented into brewing, distilling, non-alcoholic malted beverages, and bakery. The non-alcoholic malted beverages segment is projected to grow at the highest CAGR during the forecast period. The manufacturers and end-use industries of specialty malt are involved in the development, manufacture, and distribution of specialty malt products for different food & beverage application. The quality of specialty malt ensures consistent and uniform functionality of the final product. The product development and R&D teams work together to meet the industry/customer requirement for specially malt in most leading companies. After identifying the source of raw materials, the processing techniques, sales, manufacture, product cost, delivery, and service phases complete the processes through the supply chain.

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The key players identified in the specialty malt market include Cargill, Inc. (U.S.), Malteurop Groupe (France), GrainCorp Ltd. (Australia), Soufflet Group (France), and Axereal Group (France). Other players include Viking Malt (Germany), Bar Malt India Pvt. Ltd. (India), IREKS GmbH (Germany), Simpsons Malt LTD. (U.K.), and Agromalte Agraria (Brazil).

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