The Specialty Malt Market size was USD 2.9 billion in 2022 and is expected to Reach USD 3.87 billion by 2030 and grow at a CAGR of 3.7% over the forecast period of 2023-2030.
The malt that has been soaked in unconventional ways to bring out a specific desired flavor is known as a specialty malt. The expanding global demand for alcoholic and non-alcoholic beverages is expected to have a substantial impact on the specialty malt market in the upcoming years.
Based on the source, the barley segment held a 56.3% share of the market in 2022. Barley malt is a natural sweetener made from barley that has powerful and distinct flavors and fragrances, making it a great beverage industry option for highly refined sugar and non-nutritive syrups. The usage of specialty malt in beverages is also being driven by increasingly severe food additive regulation standards.
The fourth-largest global supplier of malt to the whisky and beer industries, United Malt, anticipates that underlying EBITDA of $140-160 million in 2022–2023 as a result of improved North American barley crops and its ability to successfully pass on rising costs through new contracts with its beer brewing and whisky distilling clients.
KEY DRIVERS
Rising demand for beer consumption and craft beer
Specialty malts are frequently used in the brewing process to add taste, fragrance, and color to wort and beer. It is essential to understand how specialty malts affect the characteristics of wort and beer because the use of malts contributes to the variety of beer products. Craft beers are frequently perceived as more premium than mass-produced beers, and customers are increasingly expecting high-quality products. According to the Brewers Association; the craft brewing business has grown significantly in recent years around the world. As consumption of Beer is rising among the young generation and other populations it is driving the market.
RESTRAIN
Rising prices of barley and other raw materials
Malting barley is more expensive than feed barley. Malting barley prices are primarily governed by malt availability in the global and domestic markets, as well as demand for malt-related products. However, spring wheat and corn prices, which serve as viable production substitutes, are progressively influencing malting barley prices. This indirectly increases the prices of beer which impedes sales of beer.
OPPORTUNITY
Demand for malt-based RTDs/high-strength premixes
Malt-based RTDs/high-strength premixes are alcoholic beverages that contain malt as well as other ingredients such as fruit juice, sugar, and water. They are usually sold in cans or bottles, and they are the best option as ready-to-drink beverages. These are gaining popularity, particularly among millennials and young adults. This is because they are convenient, inexpensive, and come in a variety of tastes. Specialty malts are frequently utilized to provide richness and depth of flavor to malt-based RTDs/high-strength premixes. Crystal malts, for example, can be used to give sweetness and caramel notes, and roasted malts can offer coffee and chocolate aromas.
Emerging markets offer potential for specialty malts
CHALLENGES
Disruption in the supply chain for specialty malt
The specialty malt market is a global market with a complicated supply chain that includes many different stakeholders such as farmers, maltsters, brewers, and suppliers. Disruptions in the supply chain at any point might have a detrimental influence on the entire market. The COVID-19 epidemic, as well as geopolitical concerns such as the crisis in Ukraine, can interrupt the specialty malt supply chain, stifling industry growth.
The Russia and Ukraine wars are having a big influence on the worldwide specialty malt market. Russia and Ukraine are important users, exporters, and manufacturers of specialty malt, and the conflict has hampered the supply chain. This has resulted in a scarcity of specialty malt and a price rise. The war has reduced the global supply of specialty malt by 20%. In addition, the scarcity of malt processing facilities has hampered the process.
The Recession has impacted the specialty malt market in 2022. In comparison to previous years, the UK's annual inflation rate grew to 9.3% in June 2022. The UK's purchasing patterns are known to change when prices rise. For instance, despite the current recession, a recent report by the Brewers Association indicated that craft beer sales in the United States increased by 8.3% in 2022. This implies that there is still a high demand for specialty malt, which is used to make craft beer. Additionally, the specialty malt market in those locations may be more significantly impacted if the recession is concentrated in certain areas, such as Europe or North America.
By Product Type
Caramelized Malt
Roasted Malt
By Source
Barley
Wheat
Rye
Other
By Application
Distilling
Non-Alcoholic Malt Beverages
Brewing
Baking
Others
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Asia Pacific region dominates the specialty market which is expanding at a CAGR of 7.96% between 2023 and 2030. The considerable amount of raw material production in the Asia Pacific area is anticipated to boost the specialty malt market in India, Australia, China, and other Asian nations. China's market is expected to be worth USD 305 million in 2022 and increase at a 7% CAGR. Specialty malt is mostly produced in China. Additionally, as people become more aware of the advantages of eating healthy foods, there may be a rise in the market for non-alcoholic malt beverages. To meet the rising demand for non-alcoholic beverages, Anheuser-Busch InBev, for instance, introduced its non-alcoholic beers in India.
Europe's regional specialty malt market is estimated to be USD 189 million covering a market share of 21%. The growth of the specialty malt market in Europe is being driven by the increasing popularity of craft beer and non-alcoholic malt beverages in the UK is driving the rise of specialty malt production.
North American regional market for specialty malt is growing significantly. This is attributed to the popularity of beer and the wide consumption of beer. Due to a significant market share of 60%, the United States is the world's largest market for malt beverages, with a total market value of USD 659.9 million.
REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some major key players in the Specialty Malt Market are GrainCorp Ltd., Barmalt India Pvt Ltd., Viking Malt, IREKS GmbH, Weyermann, Bar Malt India Pvt. Ltd., Axereal Group, Soufflet Group, Simpsons, Cargill, Inc., Malteurop Groupe, Briess Malt & Ingredients Company, and other key players.
In 2023, Ian Macleod Distillers (IMD) released a pair of single malts into UK travel retail: The White Cask First-Fill Edition and Shieldaig American Oak Reserve.
In 2023, The New Viking Malt Production Plant in Lahti, Finland, was inaugurated. The new malting factory, which replaces the old plant in Lahti, has a capacity of around 85,000 t/y. The new mill will produce base malts, a variety of specialty malts, and Sprau, Viking Malt's malted faba bean invention.
In 2023, Hi-Wire Brewing, a craft beer company announced that Ohio would be the site of its first brewery. The brewery was expected to have a rooftop bar, patio, taproom, and a selection of brews.
| Report Attributes | Details |
| Market Size in 2022 | US$ 2.9 Billion |
| Market Size by 2030 | US$ 3.87 Billion |
| CAGR | CAGR of 3.7 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product Type (Caramelized Malt, Roasted Malt) • By Source (Barley, Wheat, Rye, Other) • By Application (Brewing, Distilling, Non-Alcoholic Malt Beverages, Baking, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | GrainCorp Ltd., Barmalt India Pvt Ltd., Viking Malt, IREKS GmbH, Weyermann, Bar Malt India Pvt. Ltd., Axereal Group, Soufflet Group, Simpsons, Cargill, Inc., Malteurop Groupe, Briess Malt & Ingredients Company |
| Key Drivers | • Rising demand for beer consumption and craft beer |
| Market Restrain | • Rising prices of barley and other raw materials |
Ans: Specialty Malt Market is anticipated to expand by 3.7 % from 2023 to 2030.
Ans: Emerging markets offer potential for specialty malts and demand for malt-based RTDs/high-strength premixes are opportunities.
Ans: USD 3.87 billion is expected to grow by 2030.
Ans: The Asia Pacific region dominated the Specialty Malt Market in 2022
Ans: Disruption in the supply chain for specialty malt are challenge that hampers market growth.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on Major Economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Specialty Malt Market Segmentation, By Product Type
8.1 Caramelized Malt
8.2 Roasted Malt
9. Specialty Malt Market Segmentation, By Source
9.1 Barley
9.2 Wheat
9.3 Rye
9.4 Other
10. Specialty Malt Market Segmentation, By Application
10.1 Distilling
10.2 Non-Alcoholic Malt Beverages
10.3 Brewing
10.4 Baking
10.5 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Specialty Malt Market by Country
11.2.2 North America Specialty Malt Market by Product Type
11.2.3 North America Specialty Malt Market by Source
11.2.4 North America Specialty Malt Market by Application
11.2.5 USA
11.2.5.1 USA Specialty Malt Market by Product Type
11.2.5.2 USA Specialty Malt Market by Source
11.2.5.3 USA Specialty Malt Market by Application
11.2.6 Canada
11.2.6.1 Canada Specialty Malt Market by Product Type
11.2.6.2 Canada Specialty Malt Market by Source
11.2.6.3 Canada Specialty Malt Market by Application
11.2.7 Mexico
11.2.7.1 Mexico Specialty Malt Market by Product Type
11.2.7.2 Mexico Specialty Malt Market by Source
11.2.7.3 Mexico Specialty Malt Market by Application
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Specialty Malt Market by Country
11.3.1.2 Eastern Europe Specialty Malt Market by Product Type
11.3.1.3 Eastern Europe Specialty Malt Market by Source
11.3.1.4 Eastern Europe Specialty Malt Market by Application
11.3.1.5 Poland
11.3.1.5.1 Poland Specialty Malt Market by Product Type
11.3.1.5.2 Poland Specialty Malt Market by Source
11.3.1.5.3 Poland Specialty Malt Market by Application
11.3.1.6 Romania
11.3.1.6.1 Romania Specialty Malt Market by Product Type
11.3.1.6.2 Romania Specialty Malt Market by Source
11.3.1.6.4 Romania Specialty Malt Market by Application
11.3.1.7 Turkey
11.3.1.7.1 Turkey Specialty Malt Market by Product Type
11.3.1.7.2 Turkey Specialty Malt Market by Source
11.3.1.7.3 Turkey Specialty Malt Market by Application
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Specialty Malt Market by Product Type
11.3.1.8.2 Rest of Eastern Europe Specialty Malt Market by Source
11.3.1.8.3 Rest of Eastern Europe Specialty Malt Market by Application
11.3.2 Western Europe
11.3.2.1 Western Europe Specialty Malt Market by Product Type
11.3.2.2 Western Europe Specialty Malt Market by Source
11.3.2.3 Western Europe Specialty Malt Market by Application
11.3.2.4 Germany
11.3.2.4.1 Germany Specialty Malt Market by Product Type
11.3.2.4.2 Germany Specialty Malt Market by Source
11.3.2.4.3 Germany Specialty Malt Market by Application
11.3.2.5 France
11.3.2.5.1 France Specialty Malt Market by Product Type
11.3.2.5.2 France Specialty Malt Market by Source
11.3.2.5.3 France Specialty Malt Market by Application
11.3.2.6 UK
11.3.2.6.1 UK Specialty Malt Market by Product Type
11.3.2.6.2 UK Specialty Malt Market by Source
11.3.2.6.3 UK Specialty Malt Market by Application
11.3.2.7 Italy
11.3.2.7.1 Italy Specialty Malt Market by Product Type
11.3.2.7.2 Italy Specialty Malt Market by Source
11.3.2.7.3 Italy Specialty Malt Market by Application
11.3.2.8 Spain
11.3.2.8.1 Spain Specialty Malt Market by Product Type
11.3.2.8.2 Spain Specialty Malt Market by Source
11.3.2.8.3 Spain Specialty Malt Market by Application
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Specialty Malt Market by Product Type
11.3.2.9.2 Netherlands Specialty Malt Market by Source
11.3.2.9.3 Netherlands Specialty Malt Market by Application
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Specialty Malt Market by Product Type
11.3.2.10.2 Switzerland Specialty Malt Market by Source
11.3.2.10.3 Switzerland Specialty Malt Market by Application
11.3.2.11.1 Austria
11.3.2.11.2 Austria Specialty Malt Market by Product Type
11.3.2.11.3 Austria Specialty Malt Market by Source
11.3.2.11.4 Austria Specialty Malt Market by Application
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Specialty Malt Market by Product Type
11.3.2.12.2 Rest of Western Europe Specialty Malt Market by Source
11.3.2.12.3 Rest of Western Europe Specialty Malt Market by Application
11.4 Asia-Pacific
11.4.1 Asia-Pacific Specialty Malt Market by Country
11.4.2 Asia-Pacific Specialty Malt Market by Product Type
11.4.3 Asia-Pacific Specialty Malt Market by Source
11.4.4 Asia-Pacific Specialty Malt Market by Application
11.4.5 China
11.4.5.1 China Specialty Malt Market by Product Type
11.4.5.2 China Specialty Malt Market by Application
11.4.5.3 China Specialty Malt Market by Source
11.4.6 India
11.4.6.1 India Specialty Malt Market by Product Type
11.4.6.2 India Specialty Malt Market by Source
11.4.6.3 India Specialty Malt Market by Application
11.4.7 Japan
11.4.7.1 Japan Specialty Malt Market by Product Type
11.4.7.2 Japan Specialty Malt Market by Source
11.4.7.3 Japan Specialty Malt Market by Application
11.4.8 South Korea
11.4.8.1 South Korea Specialty Malt Market by Product Type
11.4.8.2 South Korea Specialty Malt Market by Source
11.4.8.3 South Korea Specialty Malt Market by Application
11.4.9 Vietnam
11.4.9.1 Vietnam Specialty Malt Market by Product Type
11.4.9.2 Vietnam Specialty Malt Market by Source
11.4.9.3 Vietnam Specialty Malt Market by Application
11.4.10 Singapore
11.4.10.1 Singapore Specialty Malt Market by Product Type
11.4.10.2 Singapore Specialty Malt Market by Source
11.4.10.3 Singapore Specialty Malt Market by Application
11.4.11 Australia
11.4.11.1 Australia Specialty Malt Market by Product Type
11.4.11.2 Australia Specialty Malt Market by Source
11.4.11.3 Australia Specialty Malt Market by Application
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Specialty Malt Market by Product Type
11.4.12.2 Rest of Asia-Pacific Specialty Malt Market by Source
11.4.12.3 Rest of Asia-Pacific Specialty Malt Market by Application
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Specialty Malt Market by Country
11.5.1.2 Middle East Specialty Malt Market by Product Type
11.5.1.3 Middle East Specialty Malt Market by Source
11.5.1.4 Middle East Specialty Malt Market by Application
11.5.1.5 UAE
11.5.1.5.1 UAE Specialty Malt Market by Product Type
11.5.1.5.2 UAE Specialty Malt Market by Source
11.5.1.5.3 UAE Specialty Malt Market by Application
11.5.1.6 Egypt
11.5.1.6.1 Egypt Specialty Malt Market by Product Type
11.5.1.6.2 Egypt Specialty Malt Market by Source
11.5.1.6.3 Egypt Specialty Malt Market by Application
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Specialty Malt Market by Product Type
11.5.1.7.2 Saudi Arabia Specialty Malt Market by Source
11.5.1.7.3 Saudi Arabia Specialty Malt Market by Application
11.5.1.8 Qatar
11.5.1.8.1 Qatar Specialty Malt Market by Product Type
11.5.1.8.2 Qatar Specialty Malt Market by Source
11.5.1.8.3 Qatar Specialty Malt Market by Application
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Specialty Malt Market by Product Type
11.5.1.9.2 Rest of Middle East Specialty Malt Market by Source
11.5.1.9.3 Rest of Middle East Specialty Malt Market by Application
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market by Country
11.5.2.2 Africa Specialty Malt Market by Product Type
11.5.2.3 Africa Specialty Malt Market by Source
11.5.2.4 Africa Specialty Malt Market by Application
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Specialty Malt Market by Product Type
11.5.2.5.2 Nigeria Specialty Malt Market by Source
11.5.2.5.3 Nigeria Specialty Malt Market by Application
11.5.2.6 South Africa
11.5.2.6.1 South Africa Specialty Malt Market by Product Type
11.5.2.6.2 South Africa Specialty Malt Market by Source
11.5.2.6.3 South Africa Specialty Malt Market by Application
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Specialty Malt Market by Product Type
11.5.2.7.2 Rest of Africa Specialty Malt Market by Source
11.5.2.7.3 Rest of Africa Specialty Malt Market by Application
11.6 Latin America
11.6.1 Latin America Specialty Malt Market by Country
11.6.2 Latin America Specialty Malt Market by Product Type
11.6.3 Latin America Specialty Malt Market by Source
11.6.4 Latin America Specialty Malt Market by Application
11.6.5 Brazil
11.6.5.1 Brazil Specialty Malt Market by Product Type
11.6.5.2 Brazil Specialty Malt Market by Source
11.6.5.3 Brazil Specialty Malt Market by Application
11.6.6 Argentina
11.6.6.1 Argentina Specialty Malt Market by Product Type
11.6.6.2 Argentina Specialty Malt Market by Source
11.6.6.3 Argentina Specialty Malt Market by Application
11.6.7 Colombia
11.6.7.1 Colombia Specialty Malt Market by Product Type
11.6.7.2 Colombia Specialty Malt Market by Source
11.6.7.3 Colombia Specialty Malt Market by Application
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Specialty Malt Market by Product Type
11.6.8.2 Rest of Latin America Specialty Malt Market by Source
11.6.8.3 Rest of Latin America Specialty Malt Market by Application
12. Company profile
12.1 GrainCorp Ltd.
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 IREKS GmbH
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Viking Malt
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Simpsons
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Bar Malt India Pvt. Ltd.
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Soufflet Group
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Axereal Group
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Cargill, Inc.
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Malteurop Groupe
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Briess Malt & Ingredients Company
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
12.11 Barmalt India Pvt Ltd.
12.11.1 Company Overview
12.11.2 Financials
12.11.3 Product/Services Offered
12.11.4 SWOT Analysis
12.11.5 The SNS View
12.12 Weyermann
12.12.1 Company Overview
12.12.2 Financials
12.12.3 Product/Services Offered
12.12.4 SWOT Analysis
12.12.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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