Specialty Malt Market Size, Share, Growth, and Forecast to 2025Posted by rekha on September 20th, 2019 Precision Business Insights (PBI) in its report titled “Global Specialty Malt Market": Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024” assesses the market performance over seven years forecast period over 2018-2024. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. The global specialty malt market was valued at US$ XX Mn in 2017 and increasing at a significant CAGR over the forecast timeframe owing to the applications of speciality malts in food and beverage industry. Its uses in brewing industry, enhanced demand for the craft beer, the flavour and texture produced by the speciality malts, increase in number of brewing industries for the production of beer are expected to drive the global specialty malt market. However, fall in the supply of raw material due to the climatic changes and government regulations are anticipated to hinder the revenue share of global specialty malt market. Global specialty malt market segmented on the basis of type, source, extract, application and region. For request sample : https://www.precisionbusinessinsights.com/request-sample?product_id=37335 Barley dominates the Global Specialty Malt Market Based on the source, global specialty malt market segmented into wheat, barley, rye and others. Among them, barley dominated the global specialty malt market in 2017 and 2018 and estimated to dominate over the forecast period owing to its ease of crop production, ease of availability due to the its high production, and the major role of it in manufacturing alcohol. However, a significant growth rate observed for the wheat due to its availability and ease of production. Asia Pacific Leads the Global Specialty Malt Market PBI’s global specialty malt market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, Asia Pacific accounted for larger revenue share through 2013-2017 and expected to dominate over 2018-2024 owing to the high population, increasing number of local breweries, increase in awareness regarding craft beers, high availability of raw material, advancements in the malt technologies are anticipated to propel the market are propel the market. North America specialty malt market projected to exhibit significant growth. increased demand for craft beers, increase in consumption of alcoholic beverages, and availability of raw material boost the market of North America.
Launch of newer products, frequent product approvals, and strategic alliances are the key strategies adopted by market players Global specialty malt market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, in 2018, Heineken has made a .1 billion partnership with China Resources Beer, a company that controls China’s largest brewer. Key player’s profiles in the report are
Detailed Segmentation
By Type
By Source
By Extract
By Application
Geography
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