Add 2 More Reports For 20% off

Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Specialty Malt Market Size

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%

Global Specialty Malt Market Outlook

  • In 2023, the U.S. beer market is worth $116.9 billion, with $28.9 billion from craft beer, per Brewers Association.
  • The USDA projects India will achieve a record wheat harvest of 112.5 million metric tons in 2024/2025.
  • The USDA reports that in 2023/2024, the European Union produces 34% of the world's barley, totalling 47.7 million metric tons.

specialty malt market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Global Specialty Malt Market Growth

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.

Global Specialty Malt Market Trends

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.

Specialty Malt Market Opportunities

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.

Specialty Malt Industry Outlook

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.

SWOT Analysis of the Global Specialty Malt Market

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.

  • Specialty malts often command higher prices due to their unique characteristics, contributing higher profits for producers and enhancing specialty malt market opportunities.

High production costs in the specialty malts market are due to more intricate processing techniques, compared to standard malts.

  • A significant portion of demand comes from the craft brewing sector, making the specialty malt industry vulnerable to fluctuations.

The use of specialty malts in non-alcoholic beverages like malted milk and malt-based energy drinks opens new avenues for growth.

  • Growing craft beer and artisanal beverage sectors in emerging markets present opportunities for market expansion.

Climate change and adverse weather conditions impact barley yields and quality, affecting the supply of raw materials for specialty malts.

  • Economic instability can reduce consumer spending on premium products like craft beer, negatively affecting demand for specialty malts.

Competitive Landscape

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.

Key Players in the Global Specialty Malt Market and their Strategic Initiatives

Cargill, Inc.

  • Leading global provider of food, agriculture, financial, and industrial products, and services with a focus on sustainability and innovation.
  • Robust distribution network ensuring widespread market reach.

Malteurop Group

  • Major player in the malting industry with a significant global presence.
  • Emphasis on quality control and traceability from barley sourcing to malt production.

Simpsons Malt Ltd.

  • Renowned for producing high-quality, traditional, and innovative malts.
  • Family-owned business with a strong heritage and industry expertise.

Viking Malt

  • Diverse product range including organic and specialty malts.
  • Focus on integrating modern technology with traditional malting techniques.

Briess Malt & Ingredients Co.

  • Extensive technical support and expertise provided to brewing customers.
  • Commitment to sustainable farming practices and community engagement.

specialty malt market by segments

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Global Specialty Malt Industry Segmentation

“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

  • Roasted Malt
  • Caramelized Malt

Market Breakup by Source

  • Barely
  • Wheat
  • Rye
  • Others

Market Breakup by Application

  • Brewing
  • Distilling
  • Non-Alcoholic Beverages
  • Baking
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Global Specialty Malt Market Share

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.

specialty malt market by region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Global Specialty Malt Market Analysis by Region

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.

Key Highlights of the Report

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:

  • Type
  • Source
  • Application
  • Region
Breakup by Type
  • Roasted Malt
  • Caramelized Malt
Breakup by Source
  • Barely
  • Wheat
  • Rye
  • Others
Breakup by Application
  • Brewing
  • Distilling
  • Non-Alcoholic Beverages
  • Baking
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Cargill Incorporated
  • Great Western Malting Company
  • Soufflet Group
  • Viking Malt Group
  • Simpsons Malt Ltd
  • Others

Specialty Malt Market Report Snapshots

Specialty Malt Market Size

Specialty Malt Market Growth

Specialty Malt Market Trends

Specialty Malt Market Share

Specialty Malt Companies

Specialty Malt Market Regional Analysis

*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.*

Looking for specific insights?

Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!

Key Questions Answered in the Report

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.

Purchase Full Report

Datasheet

 

USD 2,199

USD 1,999

tax inclusive*

  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

One User

USD 3,299

USD 2,999

tax inclusive*

  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

Five Users

USD 4,399

USD 3,999

tax inclusive*

  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

Unlimited Users

USD 5,499

USD 4,999

tax inclusive*

  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

How To Order

Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.

Select License Type

Choose the right license for your needs and access rights.

Click on ‘Buy Now’

Add the report to your cart with one click and proceed to register.

Select Mode of Payment

Choose a payment option for a secure checkout. You will be redirected accordingly.

Strategic Solutions for Informed Decision-Making

Connect For More Information

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.

Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.

We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.

We’re here to help answer any questions about our products and services.

Contact us

Our Offices


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

United States (Head Office)

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

Vietnam

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124