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Base Year
Historical Year
Forecast Year
The global specialty malt market reached a value of more than USD 2.99 billion in 2023. The market is expected to grow at a CAGR of 4.80% between 2024 and 2032, to reach a projected value of USD 4.56 billion by 2032.
Global Specialty Malt Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 2.99 |
Market Size 2032 | USD Billion | 4.56 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 4.80% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 5.7% |
CAGR 2024-2032 - Market by Country | India | 6.1% |
CAGR 2024-2032 - Market by Country | China | 5.5% |
CAGR 2024-2032 - Market by Type | Roasted Malt | 5.4% |
CAGR 2024-2032 - Market by Source | Wheat | 5.5% |
Market Share by Country 2023 | Italy | 3.4% |
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The specialty malt market dynamics and trends are influenced by the variety of malt that undergo distinct steeping and kilning processes to enhance specific flavours and attributes. These malts are essential in breweries for crafting beer and whiskey with unique flavours and colours, such as crystal/caramel malt, roasted malt, and dark malt.
Increasingly, there is a rising interest in malt-based beverages, both alcoholic and non-alcoholic, driven by their wide range of flavours and colours. This growing trend is particularly robust in Asian markets like China and India.
There is also a growing preference for craft beers, fuelled by the distinct flavours contributed by specialty malts. This surge in demand has prompted major producers and local brewers alike to enhance their focus on craft beer production, thereby enhancing the overall specialty malt market value.
There are expanding opportunities in emerging markets, particularly in the Asia Pacific region, where malt-based beverages are gaining popularity thanks to evolving lifestyles and higher disposable incomes. Companies aiming to establish themselves in these regions stand to accelerate market growth substantially.
CAGR 2024-2032 - Market by | Country |
India | 6.1% |
China | 5.5% |
Canada | 4.9% |
Germany | 4.4% |
France | 4.2% |
USA | XX% |
UK | XX% |
Italy | XX% |
Japan | XX% |
Australia | 4.1% |
Saudi Arabia | XX% |
Brazil | XX% |
Mexico | XX% |
The specialty malt market demand is impacted by the growing emphasis on research and development among companies, aimed at improving the quality and introducing novel flavours of malt-based beverages. This innovation-focused approach has the potential to significantly broaden the market's reach and appeal.
In 2022, EuroMalt reported that the European Union possessed a combined malting capacity of 10,107,476 tonnes. Germany emerged as the leading producer with 2,144,900 tonnes, followed by the United Kingdom and France, which produced 1,648,408 tonnes and 1,464,000 tonnes respectively, contributing to the growth of the specialty malts market.
According to OEC data, Malt was ranked as the 571st most traded product globally in 2022, with a total trade value of USD 4.75 billion. Malt exports grew by 13.1% from USD 4.2 billion to USD 4.75 billion over the previous year, constituting 0.02% of total world trade in 2022. France, Belgium, Australia, Germany, and Argentina were the leading exporters, totalling USD 2.26 billion, while Brazil, Mexico, the United States, Japan, and Vietnam were among the top importers, totalling USD 1.86 billion.
As per USDA, the European Union dominates global malt production, accounting for 34% of the market with an output of 47.7 million metric tons in 2023/2024. Russia holds the second position with 14% of the market, producing 20.5 million metric tons. Australia follows with 10.8 million metric tons, representing 8% of global production. Both Canada and Turkey contribute 6% each, producing 8.9 million and 8 million metric tons, respectively. The United Kingdom, Ukraine, and Argentina also play significant roles, with outputs of 6.96 million, 6.35 million, and 5.1 million metric tons, respectively. The United States contributes 4.03 million metric tons, or 3%, while Iran produces 3 million metric tons, making up 2% of the global market.
According to the USDA, in 2023, Canada, Honduras, and Chile emerged as the top exporters of beer. Canada led with exports valued at $54.37 million, highlighting its established role in the brewing industry and expansive global reach. Honduras followed closely with exports totalling $46.35 million, signifying its growing international demand for beer. Chile, with exports amounting to $34.96 million, demonstrated strong competitiveness and thus increasing the global specialty malt market growth.
Kirin Holdings' industry findings in 2022 reveal that global beer consumption is dominated by China, the United States, and Brazil. China maintains its leading position with a consumption of 42,035 thousand kilolitres, reflecting its substantial presence in global beer consumption. The United States follows with 20,378 thousand kilolitres, its robust beer culture and market size. Brazil ranks third, consuming 14,932 thousand kilolitres, highlighting its significant role in the specialty malt industry.
Diverse product range in the specialty malts market through a variety of flavours and colours, that caters to diverse brewing needs and enhance product differentiation.
High production costs in the specialty malts market are due to more intricate processing techniques, compared to standard malts.
The use of specialty malts in non-alcoholic beverages like malted milk and malt-based energy drinks opens new avenues for growth.
Climate change and adverse weather conditions impact barley yields and quality, affecting the supply of raw materials for specialty malts.
New entrants and smaller firms compete by offering unique and high-quality specialty malts to cater to niche markets. The specialty malt market demand forecast is influenced by the dynamic and intense competition that drives continuous improvements in product quality, sustainability practices, and customer service, fostering a dynamic and evolving market environment.
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“Global Specialty Malt Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Source
Market Breakup by Application
Market Breakup by Region
Based on source, the market is segmented into barley, wheat, and rye, with barley leading due to its extensive use in crafting beers. Barley used for malting is roasted longer and at higher temperatures to achieve diverse flavours and colours. Applications are categorised into brewing, distilling, non-alcoholic beverages, and baking.
The brewing sector is anticipated to dominate, driven by the growing demand for craft beers and alcoholic beverages. The market is poised for rapid expansion as major players invest in technology to improve the distribution of high-quality malt to brewers, distillers, and the food industry.
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As per the specialty malt industry analysis, North America remains a crucial participant and is projected to uphold its prominent role in the foreseeable future. The region exhibits substantial consumption of malt, particularly barley malt, driven by increasing favour towards craft beers and the thriving microbrewery industry thus boosting the specialty malt industry revenue.
Meanwhile, in Asia-Pacific, there is a swift escalation in malt consumption fueled by the expanding middle-class population and rising incomes.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Source |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Trade Data Analysis |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market was valued at USD 2.99 billion in 2023.
The market is projected to grow at a CAGR of 4.80% between 2024 and 2032.
The revenue generated from the specialty malt market is expected to reach USD 4.56 billion in 2032.
The market is driven by the growing demand for malt-based beverages around the world and increasing preference among consumers for craft beers.
The expansion of key players in emerging markets to increase market presence and increasing investment in research and development to launch new flavours are expected to offer growth opportunities to the market.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The market is categorised according to the type, which includes roasted malt and caramelized malt.
The sources available for Specialty malt include barley, wheat, and rye, among others.
The different applications of specialty malt in the market include brewing, distilling, non-alcoholic beverages, and baking, among others.
The market key players are Cargill Incorporated, Great Western Malting Company, Soufflet Group, Viking Malt Group, and Simpsons Malt Ltd among Others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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