Specialty Malt Market Scope & Overview
The size of the Specialty Malt Market was USD 2.9 billion in 2022 and is projected to reach USD 3.87 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 3.7% during the forecast period from 2023 to 2030.
Specialty Malt Market , a key segment within the malt industry, has witnessed substantial growth in recent years. With a market size of USD 2.9 billion in 2022, it is expected to expand further, reaching USD 3.87 billion by 2030. This growth can be attributed to various factors, including increasing consumer demand for unique and flavorful malt-based products.
The forecasted CAGR of 3.7% indicates a steady and sustainable growth trajectory for the specialty malt market. This growth is driven by the rising popularity of craft brewing and the emergence of new brewing techniques that require specialty malt for enhanced taste and quality.
Furthermore, the market's expansion is also fueled by the growing awareness among consumers regarding the health benefits associated with specialty malt. As more individuals seek healthier alternatives, the demand for specialty malt-based products, such as malted beverages and specialty baked goods, is expected to rise.
Geographically, the market is witnessing significant growth across various regions, including North America, Europe, Asia Pacific, and the rest of the world. This global reach provides ample opportunities for market players to tap into new markets and expand their customer base.
In conclusion, the Specialty Malt Market is poised for substantial growth, with a projected value of USD 3.87 billion by 2030. The steady CAGR of 3.7% over the forecast period indicates a promising future for this segment within the malt industry. As consumer preferences continue to evolve, the demand for specialty malt-based products is expected to surge, presenting lucrative opportunities for market players worldwide.
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Major Key Players Included are:
Some major key players in the Specialty Malt Market are GrainCorp Ltd., Barmalt India Pvt Ltd., Viking Malt, IREKS GmbH, Weyermann, Bar Malt India Pvt. Ltd., Axereal Group, Soufflet Group, Simpsons, Cargill, Inc., Malteurop Groupe, Briess Malt & Ingredients Company, and other key players.
Market Segmentation & Sub-segmentation included are:
By Product Type
- Caramelized Malt
- Roasted Malt
By Source
- Barley
- Wheat
- Rye
- Other
By Application
- Distilling
- Non-Alcoholic Malt Beverages
- Brewing
- Baking
- Others
Table of Contents
1.Introduction
2.Research Methodology
3.Market Dynamics
4.Impact Analysis
4.1.COVID-19 Impact Analysis
4.2.Impact of Ukraine- Russia war
4.3.Impact of Ongoing Recession on Major Economies
5.Value Chain Analysis
6.Porter’s 5 Forces Model
7.PEST Analysis
8.Specialty Malt Market Segmentation, By Product Type
9.Specialty Malt Market Segmentation, By Source
10.Specialty Malt Market Segmentation, By Application
11.Regional Analysis
12.Company profile
13.Competitive Landscape
14.Use Case and Best Practices
15.Conclusion
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