North America Specialty Malt Market by Application (Non-alcoholic Malt Beverages, Bakery, Brewing, Distilling), by Source (Barley, Wheat, and Rye), by Type (Roasted, Crystal, and Dark), By Form (Dry & Liquid), and country, In-Depth Analysis, Forecast Data, Market Share, And Detailed Overview, and Forecast, 2024 to 2029

Updated On: January, 2024
ID: 7571
Pages: 145

North America Specialty Malt Market Overview Analysis 2022 - 2027:

North America Specialty Malt Market is projected at USD xx. xx million in 2021 and is predicted to a range of over USD xx. xx million by the end of the assessment period. The North America Specialty Malt Market is likely to knowledge reasonable growth to the highest of a CAGR of xx.xx% through the estimated period (2022 - 2027).

The specialty malt is what gives the beer its unique character and flavor. Specialty malt has distinctive characteristics that enhance a beer. Specialty malt is often used alone or in combination with other specialty, malts to create a selected malt profile. Specialty malt can be a key ingredient used in brewing beer or in the production of malt spirits. It is often used as a flavoring and coloring agent and is in high demand in the alcoholic beverage segment.

Recent Developments

In May 2016, Viking Malt Oy and Carlsberg Group signed an agreement on January 4, 2016, whereby Carlsberg sold its subsidiary Danish Malting Group A / S (DMG) to Viking Malt. The parties also agreed on a long-term supply of raw materials for the Carlsberg breweries. The transaction is expected to close after approval by the relevant competition authorities. It may take a few months.

Axéréal, the leading grain collector in France, and Tereos, the leading French sugar group, both major grain processors in France and internationally, announced a long-term strategic partnership to develop an advanced series of solutions for their distillery and brewery customers. More specifically, this will result in a joint research and development program. The two groups will combine their commercial and industrial knowledge and experience to better support their clients in their development in Boortmalt's export markets, particularly in emerging countries.

A company known for its specialty malts in the US craft beer industry acquires grain storage and seed processing facilities in Ralston and Powell. Briess Malt & Ingredients of Wisconsin announced Monday the acquisition of the local Riverland Ag Corp. facility. The sale is expected to close on Friday. The quality and consistency of the regional barley crop attracted Briess to this region, Gordon Lane, president of the Briess Company, said in an interview Tuesday. Riverland Ag regional manager Rick Redd said a letter announcing the acquisition was sent to growers on Tuesday. He said it was an exciting development.

Market Drivers and Restraints:

The main factor driving the growth of the specialty malts market includes the increased consumption of alcoholic and non-alcoholic malt products. Furthermore, the strong demand for malt beverages in emerging countries such as India and China has also been a determining factor. The strong demand for malt beverages in emerging countries such as India and China has also been a determining factor. Conversely, an increase in the trend for private label ingredients and an increase in demand for malt beverages and snacks should provide growth opportunities. The growing demand for bad alternatives around the world is driving the need for a North America Specialty Malt Market. Additionally, the rise in popularity of craft beer is also expected to significantly influence the North America Specialty Malt Market. Additionally, specialty malts play a crucial role in defining the flavor and texture of craft beers and are therefore expected to have a major impact on the specialty malts market. 

Market Segmentation:

Based on Source:

· Barley

· Wheat

· Rye

Based on Type:

· Roasted

· Crystal

· Dark

Based on Application:

· Non-alcoholic Malt Beverages

· Bakery

· Brewing

· Distilling

Impact of COVID-19 on North America Specialty Malt Market

The COVID-19 pandemic is having an effect on different end-user verticals, including food and beverage and all of their associated businesses, such as breweries. The lockdown in several countries resulted in the closure of local breweries and breweries, affecting overall billing. Consumers' increased preference for higher immunity has turned them away from beer and other spirits, discouraging the expansion of the specialty malts business. The same trend is expected in the coming years, with consumers choosing nutritious and non-alcoholic beverages.

Regional Analysis:

North America Specialty Malt Market has been divided into the United States, Canada, Mexico, and the rest of North America. North America is the main market and represented the highest share of the global specialty market. Demand for beer, soft drinks, bakery, and craft beer, and others from developed and developing countries creates market opportunities for specialty malts during the forecast period. US specialty malt market is esteemed to have certain growth opportunities in the coming years. 

Leading Company

Cargill Inc. had the largest share of the North America Specialty Malt Market in terms of sales revenue in 2021.

Key Players

The North America Specialty Malt Market is concentrated with well-established players. Key players in the North America Specialty Malt Market include

· Cargill

· GrainCorp Ltd.

· Viking Malt


· Bar Malt India Pvt. Ltd.

· Simpsons

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