Speciality Malt Market to Grow at a CAGR of6.4% through 2026

Posted by Vikas Bahurupi on July 15th, 2018

Speciality Malt Market Overview:

Most of all grain beer consists of 80 to 90% generic pale two or six row malt and the rest of the grain bill contain one or more specialty malts. Basically, malts are divided into two categories including base malts and specialized malts. Base malts have diastatic power to convert their own starch. Whilst, specialty malts have relatively less deistic power in comparison to base malts and also provide taste, color, texture and body to the finishing product. Additionally, specialty malts also provide beverages and beer their unique flavor and characteristics. Spatiality malts is also available in caramel flavours, chocolate and coffee. In production perspective, Barley is a major raw material used to manufacturing of speciality malt, although, rye, corn, rice and wheat are also used as raw material for manufacturing of speciality malts. Due to seeing these vast application of speciality malts it is projected to that the application of specilaity malts in food and beverage industry is continuously increasing over the forecast period.

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In terms of value, in 2015, the global speciality malts was valued at nearly US$ 2,000 Mn, exhibiting a C AGR of 6.4% during the forecast period to be valued at more than US$ 4,000 Mn by the end of 2016. In terms of volume, in 2015, total consumption of speciality malts was estimated to 742 ‘000 ton, which is projected to increase to 1,363 ‘000 ton by the end of 2026 and exhibiting the CAGR of 5.7% throughout the forecast period.

Global Speciality Malt Market Segmentation:

Global Speciality Malt Market can be segmented on the basis of Product Type:

• Roasted Malts
• Caramelised Malts

Global Speciality Malt Market can be segmented on the basis of Source:

• Wheat
• Barley
• Rye 
• Others

Global Speciality Malt Market can be segmented on the basis of Extract:

• Liquid
• Dry
• Malt Flours

Global Speciality Malt Market can be segmented on the basis of Application:

• Food
• Beverages 
  • Alcoholic Beverage
    • Distilling
    • Brewing
  • Non-alcoholic beverage
    • Health Drinks
    • Other Beverages

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 Speciality Malt Market: Dynamics

Increasing consumption of craft beer, growing number of independent breweries are projected to propel the global speciality malts market during the forecast period. Moreover, versatile function of specialty malts and increased investment in R&D pertaining to improve functionality of specilaity malts is anticipated to foster the global specility malt by the end of 2026.

On the flip side, there are some factors such as government regulation and fluctuating the raw material supply is projected to hamper the production and sales of speciality malts all across the globe.

Speciality Malt Market: Regional Outlook

Middle East and Africa region is projected to be dominate in the global speciality malt market owing to increasing demand of flavored type beer, tasty food & beverage during the forecast period. Non-alcoholic beverages are estimated to gain significant traction in the Middle East and Africa. Additionally, countries such as Egypt, Saudi Arabia, Bahrain, Oman, UAE and Qatar are the key consumption countries in Middle East and Africa Region.