Europe Speciality Malt Market to Witness 3.44% CAGR by 2031

Europe Speciality Malt Market Size, Trends, Potential | 2025 - 2031

Executive Summary

The global specialty malt market is poised for significant growth between 2025 and 2031. In 2024, the market was valued at approximately USD 3.9 billion and is projected to reach around USD 5.4 billion by 2033, reflecting a Compound Annual Growth Rate (CAGR) of 3.44% during the forecast period.

Market Overview

Specialty malts are unique grains that have undergone specific processing techniques, such as roasting and kilning, to develop distinct flavors, colors, and aromas. These malts are essential in brewing and distilling, as they impart characteristic profiles to beverages like beer and whiskey. Beyond beverages, specialty malts find applications in the food industry, enhancing the taste and texture of various products.

Key Market Drivers

1. Surge in Craft Beer Production: The global craft beer movement has significantly increased the demand for specialty malts. Brewers utilize these malts to create diverse beer styles with unique flavor profiles, catering to consumers' evolving tastes.

2. Diversification in Beverage Offerings: The beverage industry is expanding its portfolio to include malt-based drinks, such as flavored malt beverages and non-alcoholic malt drinks, appealing to a broader consumer base.

3. Culinary Innovations: Specialty malts are increasingly incorporated into food products like baked goods, cereals, and confectioneries, enhancing flavor and nutritional value.

4. Health and Wellness Trends: Consumers' growing health consciousness has led to a preference for natural and wholesome ingredients, positioning specialty malts as a favorable choice in clean-label products.

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Market Segmentation

1. By Type:

   • Roasted Malt: Provides deep color and robust flavors, commonly used in stouts and porters.

   • Crystal Malt: Adds sweetness and caramel notes, suitable for a variety of beer styles.

   • Dark Malt: Imparts intense color and flavor, used in darker ales and lagers.

   • Others: Includes specialty grains like rye, wheat, and oats, each contributing unique characteristics.

2. By Application:

   • Brewing Industry: Utilized in beer production to achieve desired flavor, color, and aroma profiles.

   • Distilling Industry: Employed in whiskey and other spirits production for flavor development.

   • Food Industry: Incorporated into baked goods, cereals, and snacks for enhanced taste and texture.

   • Others: Used in non-alcoholic beverages and malt-based health products.

Regional Market Insights

• North America: The region boasts a robust craft beer industry, particularly in the United States, driving the demand for specialty malts. The trend towards artisanal and locally sourced products further fuels market growth.

• Europe: With a rich brewing heritage, countries like Germany, Belgium, and the UK have a sustained demand for specialty malts. The resurgence of traditional beer styles and the rise of microbreweries contribute to market expansion.

• Asia-Pacific: Rapid urbanization and changing consumer preferences in countries like China and India are leading to increased consumption of premium and craft beverages, bolstering the specialty malt market.

• Latin America: Emerging craft beer scenes in countries such as Brazil and Mexico are creating new opportunities for specialty malt producers.

• Middle East & Africa: While alcohol consumption is limited in certain areas, the demand for non-alcoholic malt beverages presents a niche market for specialty malts.

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Competitive Landscape

The specialty malt market is characterized by several key players focusing on product innovation, strategic partnerships, and expanding their global footprint. Notable companies include:

• Cargill, Inc.: A global leader in food and agriculture, offering a diverse range of specialty malts tailored to various brewing and food applications.

• Malteurop Groupe S.A.: Specializes in producing high-quality malts, serving brewers and distillers worldwide with a focus on sustainability.

• GrainCorp Limited: An Australian agribusiness providing a wide array of malt products, supporting both large-scale and craft brewers.

• Ireks GmbH: A German company known for its innovative malt solutions, catering to the baking and brewing industries.

• Simpsons Malt Ltd.: A UK-based, family-owned maltster supplying premium malts to the brewing and distilling sectors.

• Weyermann Specialty Malts: Renowned for its extensive range of specialty malts, serving brewers globally with high-quality products.

• Viking Malt: A leading Nordic maltster offering a broad spectrum of malts, emphasizing quality and sustainability.

• Briess Malt & Ingredients Co.: An American company providing specialty malts and ingredients, supporting craft brewers and food manufacturers.

• Barmalt Malting India Pvt. Ltd.: An Indian malt producer supplying quality malts to breweries and distilleries across the region.

Market Challenges

1. Raw Material Supply: The quality and availability of barley and other grains are subject to climatic conditions, affecting malt production.

2. Regulatory Constraints: Stringent regulations on alcohol production and consumption in certain regions can limit market growth.

3. Health Concerns: Growing awareness of alcohol-related health issues may lead to reduced consumption of malt-based alcoholic beverages.