The Asia Pacific Specialty Malt Market would witness market growth of 5.8% CAGR during the forecast period (2022-2028).
The rising trend of use of malt in beverages, especially in alcoholic ones has even gotten a name for itself. Malternatives are alcoholic drinks that combine other types of alcohol with a small amount of malt alcohol. These alternatives to traditional beer are intriguing and thrilling. Retailers are able to offer what appears to be a greater selection of goods because these products are governed in a manner similar to how alcohol is. The malternatives’ sale is fuelled by young, urban consumers' acceptance of the products.
Large-scale applications for specialty malt can be found in several important areas of the food and beverage industry. A crucial component in the creation of malt-based spirits or beer is specialty malt. It has a strong demand in the market for alcoholic beverages and is frequently employed as a flavouring and colouring ingredient. The rise of the malt-based alcoholic and non-alcoholic product industries is the main driver of the specialty malt market. Furthermore, there is a significant market for malt-based beverages in developing nations.
In the Asia Pacific region, numerous significant food and beverage industries utilize specialty malt on a large scale. The main factor driving the expansion of specialty malt is the rise in consumption of alcoholic and non-alcoholic products made using malt. In this sector, China is a significant producer of specialty malt. The market for malt beer is anticipated to develop as a result of rising urbanization and the availability of inexpensive labour, notably in China.
The China market dominated the Asia Pacific Specialty Malt Market by Country in 2021; thereby, achieving a market value of $333.4 million by 2028. The Japan market would witness a CAGR of 5.2% during (2022 - 2028). Additionally, The India market would experience a CAGR of 6.5% during (2022 - 2028).
Based on Form, the market is segmented into Dry and Liquid. Based on Source, the market is segmented into Barley, Wheat, and Rye. Based on Application, the market is segmented into Alcoholic Beverages, Dairy & Frozen Products, Bakery & Confectionary, Non-Alcoholic Beverages, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Specialty Malt Market is Projected to reach USD 4.3 Billion by 2028, at a CAGR of 5.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include GrainCorp Limited, The Soufflet Group, Muntons plc, Malteurop, Axereal, Briess Malt & Ingredients Co., Crisp Malt, Viking Malt Oy (Polttimo Oy), Rahr Corporation and Simpsons Malt Limited.
Scope of the Study
Market Segments Covered in the Report:
By Form
By Source
By Application
- Alcoholic Beverages
- Dairy & Frozen Products
- Bakery & Confectionary
- Non-Alcoholic Beverages
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- GrainCorp Limited
- The Soufflet Group
- Muntons plc
- Malteurop
- Axereal
- Briess Malt & Ingredients Co.
- Crisp Malt
- Viking Malt Oy (Polttimo Oy)
- Rahr Corporation
- Simpsons Malt Limited
TABLE 1 LAMEA Specialty Malt Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Specialty Malt Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Specialty Malt Market by Form, 2018 - 2021, USD Million
TABLE 4 LAMEA Specialty Malt Market by Form, 2022 - 2028, USD Million
TABLE 5 LAMEA Dry Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Dry Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Liquid Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Liquid Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Specialty Malt Market by Source, 2018 - 2021, USD Million
TABLE 10 LAMEA Specialty Malt Market by Source, 2022 - 2028, USD Million
TABLE 11 LAMEA Barley Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Barley Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Wheat Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Wheat Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Rye Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Rye Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Specialty Malt Market by Application, 2018 - 2021, USD Million
TABLE 18 LAMEA Specialty Malt Market by Application, 2022 - 2028, USD Million
TABLE 19 LAMEA Alcoholic Beverages Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Alcoholic Beverages Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Dairy & Frozen Products Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Dairy & Frozen Products Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Bakery & Confectionary Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Bakery & Confectionary Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Non-Alcoholic Beverages Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Non-Alcoholic Beverages Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Specialty Malt Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Specialty Malt Market by Country, 2022 - 2028, USD Million
TABLE 31 Brazil Specialty Malt Market, 2018 - 2021, USD Million
TABLE 32 Brazil Specialty Malt Market, 2022 - 2028, USD Million
TABLE 33 Brazil Specialty Malt Market by Form, 2018 - 2021, USD Million
TABLE 34 Brazil Specialty Malt Market by Form, 2022 - 2028, USD Million
TABLE 35 Brazil Specialty Malt Market by Source, 2018 - 2021, USD Million
TABLE 36 Brazil Specialty Malt Market by Source, 2022 - 2028, USD Million
TABLE 37 Brazil Specialty Malt Market by Application, 2018 - 2021, USD Million
TABLE 38 Brazil Specialty Malt Market by Application, 2022 - 2028, USD Million
TABLE 39 Argentina Specialty Malt Market, 2018 - 2021, USD Million
TABLE 40 Argentina Specialty Malt Market, 2022 - 2028, USD Million
TABLE 41 Argentina Specialty Malt Market by Form, 2018 - 2021, USD Million
TABLE 42 Argentina Specialty Malt Market by Form, 2022 - 2028, USD Million
TABLE 43 Argentina Specialty Malt Market by Source, 2018 - 2021, USD Million
TABLE 44 Argentina Specialty Malt Market by Source, 2022 - 2028, USD Million
TABLE 45 Argentina Specialty Malt Market by Application, 2018 - 2021, USD Million
TABLE 46 Argentina Specialty Malt Market by Application, 2022 - 2028, USD Million
TABLE 47 UAE Specialty Malt Market, 2018 - 2021, USD Million
TABLE 48 UAE Specialty Malt Market, 2022 - 2028, USD Million
TABLE 49 UAE Specialty Malt Market by Form, 2018 - 2021, USD Million
TABLE 50 UAE Specialty Malt Market by Form, 2022 - 2028, USD Million
TABLE 51 UAE Specialty Malt Market by Source, 2018 - 2021, USD Million
TABLE 52 UAE Specialty Malt Market by Source, 2022 - 2028, USD Million
TABLE 53 UAE Specialty Malt Market by Application, 2018 - 2021, USD Million
TABLE 54 UAE Specialty Malt Market by Application, 2022 - 2028, USD Million
TABLE 55 Egypt Specialty Malt Market, 2018 - 2021, USD Million
TABLE 56 Egypt Specialty Malt Market, 2022 - 2028, USD Million
TABLE 57 Egypt Specialty Malt Market by Form, 2018 - 2021, USD Million
TABLE 58 Egypt Specialty Malt Market by Form, 2022 - 2028, USD Million
TABLE 59 Egypt Specialty Malt Market by Source, 2018 - 2021, USD Million
TABLE 60 Egypt Specialty Malt Market by Source, 2022 - 2028, USD Million
TABLE 61 Egypt Specialty Malt Market by Application, 2018 - 2021, USD Million
TABLE 62 Egypt Specialty Malt Market by Application, 2022 - 2028, USD Million
TABLE 63 South Africa Specialty Malt Market, 2018 - 2021, USD Million
TABLE 64 South Africa Specialty Malt Market, 2022 - 2028, USD Million
TABLE 65 South Africa Specialty Malt Market by Form, 2018 - 2021, USD Million
TABLE 66 South Africa Specialty Malt Market by Form, 2022 - 2028, USD Million
TABLE 67 South Africa Specialty Malt Market by Source, 2018 - 2021, USD Million
TABLE 68 South Africa Specialty Malt Market by Source, 2022 - 2028, USD Million
TABLE 69 South Africa Specialty Malt Market by Application, 2018 - 2021, USD Million
TABLE 70 South Africa Specialty Malt Market by Application, 2022 - 2028, USD Million
TABLE 71 Nigeria Specialty Malt Market, 2018 - 2021, USD Million
TABLE 72 Nigeria Specialty Malt Market, 2022 - 2028, USD Million
TABLE 73 Nigeria Specialty Malt Market by Form, 2018 - 2021, USD Million
TABLE 74 Nigeria Specialty Malt Market by Form, 2022 - 2028, USD Million
TABLE 75 Nigeria Specialty Malt Market by Source, 2018 - 2021, USD Million
TABLE 76 Nigeria Specialty Malt Market by Source, 2022 - 2028, USD Million
TABLE 77 Nigeria Specialty Malt Market by Application, 2018 - 2021, USD Million
TABLE 78 Nigeria Specialty Malt Market by Application, 2022 - 2028, USD Million
TABLE 79 Rest of LAMEA Specialty Malt Market, 2018 - 2021, USD Million
TABLE 80 Rest of LAMEA Specialty Malt Market, 2022 - 2028, USD Million
TABLE 81 Rest of LAMEA Specialty Malt Market by Form, 2018 - 2021, USD Million
TABLE 82 Rest of LAMEA Specialty Malt Market by Form, 2022 - 2028, USD Million
TABLE 83 Rest of LAMEA Specialty Malt Market by Source, 2018 - 2021, USD Million
TABLE 84 Rest of LAMEA Specialty Malt Market by Source, 2022 - 2028, USD Million
TABLE 85 Rest of LAMEA Specialty Malt Market by Application, 2018 - 2021, USD Million
TABLE 86 Rest of LAMEA Specialty Malt Market by Application, 2022 - 2028, USD Million
TABLE 87 Key Information – GrainCorp Limited
TABLE 88 Key Information – The Soufflet Group
TABLE 89 Key Information – Muntons plc
TABLE 90 Key Information – Malteurop
TABLE 91 Key Information – Axereal
TABLE 92 Key Information – Briess Malt & Ingredients Co.
TABLE 93 Key Information – Crisp Malt
TABLE 94 Key Information – Viking Malt OY
TABLE 95 Key Information – Rahr Corporation
TABLE 96 Key Information – Simpsons Malt Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Muntons plc