Specialty Malt Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the Specialty Malt market, detailing market dynamics, trends, segmentation, regional insights, and forecasts from 2023 to 2033.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $5.60 Billion |
| CAGR (2023-2033) | 6.3% |
| 2033 Market Size | $10.48 Billion |
| Top Companies | Cargill Inc., MaltEurop, Briess Malt & Ingredients Co., Carlsberg A/S, Muntons Plc. |
| Last Modified Date | 15 Nov 2024 |
Specialty Malt Market Report (2023 - 2033)
Specialty Malt Market Overview
What is the Market Size & CAGR of Specialty Malt market in 2023?
Specialty Malt Industry Analysis
Specialty Malt Market Segmentation and Scope
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Specialty Malt Market Analysis Report by Region
Europe Specialty Malt Market Report:
In Europe, the Specialty Malt market is projected to grow from $1.85 billion in 2023 to $3.45 billion by 2033. Europe being home to numerous historical brewing traditions, is witnessing a robust demand for specialty malts, particularly in Germany and Belgium where beer culture is deeply embedded in society.Asia Pacific Specialty Malt Market Report:
In the Asia Pacific region, the Specialty Malt market is projected to grow from $1.06 billion in 2023 to $1.99 billion by 2033, driven by a rising interest in beer consumption, specifically craft and specialty beers. The region has shown a growing trend towards premiumization in alcoholic beverages, leading to an increasing demand for high-quality specialty malts.North America Specialty Malt Market Report:
The North American Specialty Malt market is forecasted to grow from $1.87 billion in 2023 to approximately $3.50 billion by 2033, driven by the booming craft beer movement and increasing consumer preference for artisanal and high-quality beverages. The competition among craft breweries is leading to innovative uses of specialty malts, amplifying demand.South America Specialty Malt Market Report:
The South American market for Specialty Malt is expected to grow from $0.30 billion in 2023 to $0.56 billion by 2033. This growth is stimulated by the flourishing craft beer scene in countries such as Brazil and Argentina, which cultivates local ingredients that enhance the specialty malt segment in the region.Middle East & Africa Specialty Malt Market Report:
The Specialty Malt market in the Middle East and Africa is projected to grow from $0.52 billion in 2023 to $0.97 billion by 2033. Factors contributing to this growth include an increasing trend of beer consumption in the region and emerging craft breweries that are beginning to explore the premium malt segments.Request a custom research report for industry.
Specialty Malt Market Analysis By Type
Global Specialty Malt Market, By Type Market Analysis (2023 - 2033)
Whole Grain malts dominate the market with sizes of $4.73 billion in 2023, projected to reach $8.86 billion by 2033. Milled Malts, though less prevalent, offer substantial returns at $0.87 billion in 2023 improving to $1.62 billion by 2033. Specialty Malts account for $1.24 billion in 2023, growing to $2.33 billion by 2033, while Adjuncts grow from $0.82 billion to $1.53 billion within the same time frame.
Specialty Malt Market Analysis By Application
Global Specialty Malt Market, By Application Market Analysis (2023 - 2033)
The primary applications for Specialty Malt lie within Brewing, which accounts for $3.54 billion in 2023 and is expected to reach $6.62 billion by 2033. Distilling and Food Production also play critical roles, expected to grow from $1.24 billion to $2.33 billion and $0.82 billion to $1.53 billion respectively during the forecast period.
Specialty Malt Market Analysis By End User
Global Specialty Malt Market, By End-User Market Analysis (2023 - 2033)
The end-user segmentation reveals a focus on Commercial Brewers at $3.54 billion in 2023 to $6.62 billion by 2033, as well as Craft Brewers from $1.24 billion to $2.33 billion. Distilleries and Food Production also feature prominently with expected growth patterns indicative of rising consumer preferences for specialty flavors.
Specialty Malt Market Analysis By Form
Global Specialty Malt Market, By Form Market Analysis (2023 - 2033)
Specialty malts exist in various forms, predominantly in whole grain and milled segments. Whole grain malts represent a versatile option for manufacturers, while milled malts cater primarily to the processing ease sought by brewers.
Specialty Malt Market Analysis By Process
Global Specialty Malt Market, By Process Market Analysis (2023 - 2033)
The malting process accounts for the most significant market value, valued at approximately $4.73 billion in 2023 and forecasted to grow to $8.86 billion by 2033. Innovations in malting techniques continue to enhance productivity and flavor, while kilning holds a secondary position valued at $0.87 billion in 2023.
Specialty Malt Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Specialty Malt Industry
Cargill Inc.:
Cargill is a key player in the specialty malt market, heavily involved in producing high-quality malting products, emphasizing innovation and sustainability.MaltEurop:
MaltEurop is a leading malt producer known for its commitment to quality and customer satisfaction, providing a range of specialty malts for breweries worldwide.Briess Malt & Ingredients Co.:
Briess is recognized for its diverse selection of specialty and base malts, catering particularly to craft brewers and specialty food producers.Carlsberg A/S:
As part of its comprehensive strategy, Carlsberg operates its malting plants, ensuring high-quality ingredients for its own brewing operations.Muntons Plc.:
Muntons is notable for its innovation in malt production and its extensive range of specialty malts, focusing on sustainability and quality.We're grateful to work with incredible clients.
