Global Specialty Malt market will reach 3202 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2019/11/12

The specialty malt market sales is projected to grow at a CAGR of 7.69% from 2018. The demand for specialty malt is projected to grow, owing to the increase in number of independent breweries, advancements in R&D activities for specialty malt, growth in demand for craft beer, and multi-functionality of specialty malt. Fluctuations in supply of raw material and government regulations are the major restraints for the specialty malt market.

In 2018, global specialty malt consumption market volume was 924 K MT and it is expected to reach 1549 K MT in 2025. Global total specialty malt market size was valued at about $1787 million in 2018, which is forecasted to reach $3202 million by 2025. North America and Europe are dominating the market with the growing consumption of handcraft breweries.

The technical barriers of Specialty malts are relatively low, resulting in low level concentration degree. The manufacturing bases scatter around the world, mainly concentrating in USA, Europe, Brazil etc. Leading companies in Specialty malts market include: Cargill, Malteurop Groupe S.A., Graincorp Limited, Ireks GmbH, Simpsons Malt Ltd, Weyermann Specialty Malts, Viking Malt, Briess Malt, Barmalt Malting India Pvt, etc. Many other small players scattered around the world.

In the past few years, the price of specialty malt gradually increased and the price will expect to increase with the growing downstream demand and increase of raw materials. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of specialty malt. Therefore, to some extent, the companies face the risk of profit decline.

There are companies adding new capacities and aiming at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. The competition market for specialty malt will become more intense.

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