Europe Specialty Malt Market

Europe Specialty Malt Market was worth XX USD billion in 2018 and estimated to grow at a CAGR of XX%, to reach XX USD billion by 2023. The Europe 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 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 the vital factors. Also surge in the uncovering health values, improved nutritional value of poultry meal, and low allergic infant food in developing economies will boost this industry. Huge costs of development and research in the area of Specialty Malt limits this industry.

Specialty Malt Market is segmented by Source (Barley, Wheat, and Rye), by Type (Roasted, Crystal, and Dark), Application (Non-alcoholic Malt Beverages, Bakery, Brewing, Distilling), by Form (Dry & Liquid). The Roasted Malt segment is likely to gain a significant increase in revenue by 2023 as compared to that in 2018. Roasted Malt segment was estimated to have a revenue share of more than 35% in the global market in 2018.

The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. The Europe had high CAGR during the forecast period. The reasons for the same might be the government policies.

GrainCorp Ltd. (Australia), Soufflet Group (France), and 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.), and Agromalte Agraria (Brazil) are the leaders in the Europe Specialty Malt Market.