Asia Pacific Specialty Malt Market Size (2024 To 2029):
Asia Pacific Specialty Malt Market is expected to be worth 1.23 USD billion in 2024 and estimated to grow at a CAGR of 6.50%, to achieve 1.68 USD billion by 2029. The Asia Pacific Specialty Malt Market is developing at an exceptionally quick pace.
Malts are separated into two classes – base malts and concentrated malts. Base malts have diastatic energy to change over their own particular starch. In any case, claim to fame malts have less diastatic control and give shading, body, taste, and surface to the last item. Strength malt gives lager and drinks their exceptional qualities and flavor. Forte malt has different applications as it helps in giving taste, surface, appearance, and flavor to lager and drinks. Strength malt is additionally accessible in chocolate, espresso, and caramel flavors, which extends its application territories in the sustenance and drinks industry. Grain is the real crude material used to get a ready claim to fame malt, however, wheat, rye, rice, and corn are additionally utilized. The significant drivers for Specialty Malt are the modification of properties in food proteins and the reduction in feed costs are some of vital factors. Also, the surge in the uncovering health values, the improved nutritional value of poultry meals, and low allergic infant food in developing economies will boost this industry. Huge costs of development and research in the area of Specialty Malt limit this industry.
This Research Report on Asia Pacific Specialty Malt Market is segmented, and sub segmented into following categories:
Asia Pacific Specialty Malt Market - By Source:
Asia Pacific Specialty Malt Market - By Type:
Asia Pacific Specialty Malt Market - By Application:
Asia Pacific Specialty Malt Market - By Form:
The Roasted Malt segment is likely to gain a significant increase in revenue by 2023 as compared to that in 2018. The roasted Malt segment was estimated to have a revenue share of more than 35% in the global market in 2018.
Asia Pacific Specialty Malt Market - By Region:
China and India are likely to increase the market because of their huge population. Also, Asia Pacific is the largest growing segment.
KEY MARKET PLAYERS:
key market players of Asia Pacific Specialty Malt Market are GrainCorp Ltd. (Australia), Soufflet Group (France), Axereal Group (France), Viking Malt (Germany), Cargill, Inc. (U.S.), Malteurop Groupe (France), Bar Malt India Pvt. Ltd. (India), IREKS GmbH (Germany), Simpsons Malt LTD. (U.K.), Agromalte Agraria (Brazil)
Frequently Asked Questions
Specialty malts are malted grains that are processed to produce specific flavors, colors, and aromas. They are used as key ingredients in the brewing, distilling, and food industries to create unique and distinctive beverages and food products.
Common types of specialty malts used in the Asia Pacific region include Caramel malt, Roasted malt, Chocolate malt.
Some challenges faced by the specialty malt market in Asia Pacific include High production costs, Supply chain constraints and logistics.
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