The Global Specialty Malt Market is Predict to reach $4.3 Billion by 2028, at a CAGR of 5.3%

Specialty Malt Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Specialty Malt Market size is expected to reach $4.3 billion by 2028, rising at a market growth of 5.3% CAGR during the forecast period.

The Liquid market is poised to grow at a CAGR of 6.4% during (2022 - 2028). The convenience of liquid specialty malt is an important factor. It's simple to package, move, and store. Because of this, it is included in the majority of extract homebrew recipe kits. A significantly greater variety of flavors are available in the liquid specialty malt. Munich malt extract, for instance, is only available in liquid form. The rise of the Do-It-Yourself trend will continue to boost this segment's growth.

The Barley market is leading the Global Specialty Malt Market by Source in 2021; thereby, achieving a market value of $2.3 billion by 2028. It is due to its distinctive flavor, wherein barley-oriented specialty malt has been gaining more favor in the craft brewing sector. Therefore, barley source contributes to a bigger share in the worldwide specialty malt market due to some of the major distinctive traits that it possesses together with a sturdy distribution route.

The Bakery & Confectionary market is exhibiting a CAGR of 6% during (2022 - 2028). Specialty malts are being used in a wider range of flavored bread, biscuits, cookies, and other baked goods, which is a growing trend in the baking industry. Customers' tastes and preferences for baked goods are always evolving, forcing manufacturers to experiment with a variety of raw materials, including malt, in their recipes. In most places, bread is a standard household item. In developed areas, however, a variety of malt-infused bread is becoming more popular.

The Europe market is showcasing a high growth rate in the Global Specialty Malt Market by Region in 2021; thereby, achieving a market value of $1,598.4 million by 2028. The Asia Pacific market is anticipated to witness a CAGR of 5.8% during (2022 - 2028). Additionally, The North America market experiencing a CAGR of 4.6% during (2022 - 2028).

Full Report: https://www.kbvresearch.com/specialty-malt-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of GrainCorp Limited, The Soufflet Group, Muntons plc, Malteurop, Axereal, Briess Malt & Ingredients Co., Crisp Malt, Viking Malt Oy (Polttimo Oy), Rahr Corporation and Simpsons Malt Limited.

Global Specialty Malt Market Segmentation

By Form

• Dry
• Liquid

By Source

• Barley
• Wheat
• Rye

By Application

• Alcoholic Beverages
• Dairy & Frozen Products
• Bakery & Confectionary
• Non-Alcoholic Beverages
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Egypt
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• GrainCorp Limited
• The Soufflet Group
• Muntons plc
• Malteurop
• Axereal
• Briess Malt & Ingredients Co.
• Crisp Malt
• Viking Malt Oy (Polttimo Oy)
• Rahr Corporation
• Simpsons Malt Limited

Unique Offerings from KBV Research

• Exhaustive coverage
• The highest number of market tables and figures
• Subscription-based model available
• Guaranteed best price
• Assured post sales research support with 10% customization free

Related Reports:

North America Specialty Malt Market Future Scope & Opportunities 2022-2028

Europe Specialty Malt Market Size & Growth Forecast 2022-2028

Asia Pacific Specialty Malt Market Size, Share & Industry Outlook to 2028

LAMEA Specialty Malt Market Growth, Trends & Forecasts 2022-2028