Global Specialty Malt Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Specialty Malt Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global specialty malt market report has been segmented on the basis of type, source, form, application, and region.

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Global Specialty Malt Market: Overview

Special malt is obtained when enzymes are developed to modify starch in various types of sugar and helps in breaking down proteins to make yeast. These malts possess diastatic power that provides proper taste, color, texture, and appearance to alcoholic beverages.

Global Specialty Malt Market: Dynamics

Increasing demand for these malt from beer industry owing to growing demand for various flavors such as chocolate, caramel, and others, is a major factor expected to drive growth of the global specialty malt market. Additionally, these malts have a dynamic impact on the flavor, mouthfeel, and color of the beer which is expected to be another factor driving the market growth. Increasing adoption and popularity for craft beer, social acceptance for consumption of alcoholic beverages in developed and developing countries, rising disposable income, etc. These are among some other factors projected to support revenue growth of the target market to a certain extent.

However, growing popularity of wine and presence of local players who offer low cost products are major factors which may hinder growth of the target market to certain extent.

Increasing investment by government and major players for R&D activities and development in quality of malt is expected to create new opportunities in terms of revenue for players operating in the target market.

Global Specialty Malt Market: Segment Analysis

Among type segments, the roasted malt segment is expected to account for largest revenue share in the target market, owing to growing demand for flavored malt for brewing.

Among source segments, the barley segment is expected to register for significant revenue share in the target market, owing to increasing demand for barley malt in various applications such as food industries, brewing, pharmaceutical, and others.

Among form segments, the liquid specialty malt segment is expected to account for moderate revenue share in the potential market, owing to increasing demand for high-quality malt in distilling, brewing, and food industries.

Among application segments, the brewing segment is projected to register for highest revenue share in the target market, owing to increasing demand and popularity for craft beer.

Global Specialty Malt Market: Regional Analysis

The Europe specialty malt market is estimated to account highest revenue share, and expected to dominate in the global specialty malt market. This dominance is attributable to growing adoption these malt, product innovation for developing high quality protein and new product, presence of major players, in countries in the region. The North America specialty malt market is expected to register for moderate revenue share in the target market. Increasing production of beer coupled with increasing number of supplier and distributor in US in the region. The Asia Pacific market is expected to grow at rapid rate over the forecast period, owing to rising disposable income, changing consumption pattern, inclination of younger generation towards beverage with unique taste, and social acceptance for consumption of alcohol.

Global Specialty Malt Market Segmentation:

Segmentation on the Basis of Type:

Crystal Malt
Roasted Malt
Dark Malt

Segmentation on the Basis of Source:

Rye
Barley
Wheat

Segmentation on the Basis of Form:

Liquid Specialty Malts
Dry Specialty Malts

Segmentation on the Basis of Application:

Brewing
Distilling
Non-Alcoholic Malt beverages
Baking