The Specialty Malt Global Market Report 2023, provides comprehensive information on the specialty malt market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Specialty Malt Global Market Report 2023, the global specialty malt market size is expected to grow from $3.28 billion in 2022 to $3.47 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global specialty malt market size is expected to grow to $4.26 billion in 2027 at a CAGR of 5.2%.
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Product innovation is a key trend gaining popularity in the specialty malt market. Major companies operating in specialty malt market are focused on developing new and innovative products to sustain their market position. For instance, in June 2020, Great Western Malting Co, a US-based specialty malt manufacturing company launched Light Munich Malt and Biscuit Rye Malt, the two new high-quality malts are a part of company’s wide variety of existing grain products produced with distinct flavor profiles sourced from the United States.
The specialty malt market is segmented:
1) By Product: Caramelized Malt, Roasted Malt, Other Products
2) By Source: Barley, Rye, Wheat
3) By Form: Dry Specialty Malts, Liquid Specialty Malts
4) By Application: Dairy and Frozen Products, Bakery and Confectionery, Alcoholic Beverages, Non-alcoholic Beverages, Other Applications
North America was the largest region in the specialty malt market in 2022.
The table of contents in TBRC’s specialty malt market report includes:
- Executive Summary
- Specialty Malt Market Characteristics
- Specialty Malt Market Trends And Strategies
- Specialty Malt Market – Macro Economic Scenario
- Specialty Malt Market Size And Growth
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- Africa Specialty Malt Market
- Specialty Malt Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Specialty Malt Market
- Specialty Malt Market Future Outlook and Potential Analysis
- Appendix
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