Specialty Malt Market Demand and Growth Trends by 2033
The specialty malt market was valued at USD 2,800 million. From 2021 to 2032, it is projected to increase at a compound annual growth rate (CAGR) of 3.6%, reaching a market value of around USD 3988 million.
The specialty malt market is a segment within the larger malt industry that focuses on producing unique and specialized malt varieties for various applications in the food and beverage sector. Specialty malts are created by modifying the traditional malting process to achieve specific flavor, color, and aroma characteristics desired by brewers, distillers, and food manufacturers.
Specialty malts are known for their distinct and complex flavors, which can range from caramel and toffee notes to roasted and nutty profiles. These malts are often used in the production of craft beers, spirits, and specialty food products to add depth, complexity, and unique sensory experiences.