The global Specialty Malt market was valued at USD 2.20 billion in 2016 and is projected to reach USD 3.47 billion by 2025, growing at a CAGR of 5.2% from 2017 to 2025.
The changing consumer tastes has given rise to the specialty malts market. Although the process of malting has not witnessed any drastic change the introduction of new ingredients and new variants is driving demand for these products. The growing attention of consumers towards alternatives to traditional alcoholic drinks is expected to drive market demand.
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1. Market Drivers
1.1 Rise in popularity of craft beer
1.2 Rising demand for malternatives
2. Market Restraints
2.1 Climate changes
2.2 Distribution network challenges
The global Specialty Malt market is segmented on the type, flavor, application, source, form, and region.
1. By Type:
1.3.1 Munich Malt
1.3.2 Vienna Malt
1.3.3 Belgian Malt
2. By Application:
2.4 Non-Alcoholic Malt Beverages
3. By Source:
4. By Form:
5. By Flavor:
5.3 Aromatic Malts
6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa
The major players in the market are as follows:
2. Garincorp Ltd.
4. Soufflet Group
7. Viking Malt AB
8. Ireks GmbH
9. Simpsons Malt Ltd.
10. Barmalt Malting India Pvt. Ltd.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Specialty Malt market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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