Scope of the Study
The specialty malts are different from normal malts. They are produced by manipulating the process of drying and it’s also exhibits some improved features for manufacturing craft beer such as improved taste, rise in foam and foam retention . Major driving factors for the specialty malts market is growing number of independent breweries, which is highly proficient for healthier alternatives. This factor is expected to boost the global market. The major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on fastest-growing verticals in the craft beer.
The market study is being classified by Type (Roasted Malt, Crystal Malt and Dark Malt), by Application (Brewing, Distilling, Non-alcoholic Malted Beverages and Bakery) and major geographies with country level break-up. According to AMA, the Global Specialty Malt market is expected to see growth rate of 5.2% and may see market size of USD3560.0 Million by 2024.
Cargill, Inc. (U.S.), Malteurop Groupe (France), GrainCorp Ltd. (Australia), Soufflet Group (France), Axereal Group (France), Viking Malt (Sweden), IREKS GmbH (Germany), Bar Malt India Pvt. Ltd. (India), Soufflet Group (France), Malteurop Groupe (France) and Heineken International (The Netherlands) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Crisp Melting Group Ltd. (United Kingdom), Bairds Malt Ltd. (United Kingdom) and Muntons Malt Ltd. (United Kingdom).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Specialty Malt market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Specialty Malt market by Type, Application and Region.
On the basis of geography, the market of Specialty Malt has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Liquid Specialty Malts will boost the Specialty Malt market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Rye will boost the Specialty Malt market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Flavor , the sub-segment i.e. Coffee Flavor will boost the Specialty Malt market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Changing Lifestyles And Product Portfolio Propelled The Specialty Market.
- Increase In Demand Of Breweries And Multi-Functionality In Booming The Malt Market.
- Rise in Demand for Value Oriented Customers.
- Upsurge demand due to beverage and bakery industries.
- Rapid growth in high tech malt technologies.
- Price Fluctuation In Raw Materials Hampers The Demand Of Specialty Malt Industry.
- Government Laws And Regulations Restrain The Growth Of Specialty Malt Industry.
- Rising Demand of Crafted Beer and Non-Alcoholic Beverages Items Boost the Specialty Malt.
- Rapid Urbanization In Developed And Developing Countries Leads To Grow The Specialty Malt Market.
- Due To Distribution Network The Specialty Malt Are Lower In Speed.
Market Leaders and their expansionary development strategies
In July 2018, Axéréal enter into an agreement to acquired Cargill. This acquisition is beneficial in providing transaction of Boorthmalt maltster in different global region and also serves this product at brewing, food, and beverage industries.
“According to Department of the Treasury and its Alcohol and Tobacco Tax and Trade Bureau , it’s denoted that the the alcohol contribution from such flavors and other non-beverage materials to not more than 49% of the alcohol content of the product.”
Key Target AudienceSpecialty Malt Manufacturers, Specialty Malt Traders, End-Use Market Participants of Different Segments of Specialty Malt, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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