Specialty Malt Enzyme Market

Specialty Malt Enzyme Market Size (2024 To 2029):

The Specialty Malt Enzyme Market was worth US$ 5.49 billion in 2024 and is anticipated to reach the valuation of US$ 6.87 billion by 2029, and is predicted to register a CAGR of 4.6% during 2024-2029.

Under the process of malting, the grains are made to germinate by soaking in water and further their germination is halted by drying with hot air. Malting helps in developing the enzymes of the grains that are required to modify the starches into sugars. The demand for texturing and flavouring agents has been increasing among consumers over the decades as it accentuates the taste of a simple dish into a tasty succulent. Speciality malt ingredients are one such additive which has vital applications as a flavouring and texturing agent in malted baking and brewing industries. Speciality malt ingredients are the processed form of speciality grains and a sufficient amount of malt extracts. The speciality grains are allowed to germinate which are then grounded and dried to form speciality malt ingredients. During the process of germination, the enzymes are induced to grow which enables the soft texture of speciality malt ingredients. The germination is carried out through a pneumatic form or a traditional floor malting bed to obtain the required texture of speciality malt ingredients.

Along with flavouring and texturing, speciality malt ingredients add an exotic taste to various malted food and beverages including soups, cookies, muffins, bread, wine, beer, etc. Due to this, speciality malt ingredients find their application in food and food processing industries all over the world. They have a large scale application in some of the key sectors of the food and beverages industry. Especially the alcoholic beverages segment uses speciality malt products as a colouring and flavouring agent. It is a major ingredient used in brewing beer and producing malt-based spirits.

Specialty Malt Enzyme Market Growth:

Speciality malt finds a lot of usage in a lot of sectors worldwide. Increasing Preference for clean label products is a major trend for the speciality malt market. Presently, the number of consumers using natural and organic food products is constantly increasing as a result of various health benefits offered by such types of food. Additionally, stringent government regulations for limiting the usage of food additives are also a concern for food manufacturers. As a result, they are focusing on manufacturing clean label products by limiting the usage of food additives and increasing the usage of natural flavours. By using the speciality malt ingredients in their food products, food manufacturers are leveraging the consumer’s preference for health over product cost. This has boosted the market for speciality malt across the world.

Specialty Malt Enzyme Market Drivers:

The speciality malt ingredients play an important role in confectioneries and bakeries as leaving and texturing agents. There are three types of speciality malt ingredients which include colour malts, caramel or crystal malts, and roasted malts. As each type of speciality malt ingredient has unique properties which enhance the texture, flavour, and colour of malted food and beverages, the demand for speciality malt ingredients is burgeoning every year. Adhering to all these factors, it is anticipated that the global speciality malt ingredients market would remain positive during the forecast period.Besides the above-mentioned factor, Malternatives are becoming the new trend and are on the rise. Beer consumption is burgeoning across the world, with it, craft beer is becoming widely popular. Speciality malts play a significant role in defining the taste and texture of craft beers.

Specialty Malt Enzyme Market Restraints:

The distribution network is facing challenges and there is a huge fluctuation in the prices of raw materials which are posing a threat to the specialty malt enzyme market at present.

GrainCorp invested in Scottish malting capacity to support distilling growth by upgrading its Arbroath facility and building a new state-of-the-art malting plant.

REPORT COVERAGE: 

This research report on the Global Specialty Malt Enzyme Market has been segmented and sub-segmented based on product type, source, extract and region. 

Specialty Malt Enzyme Market - By Product Type: 

• Product Type
• Caramelized Malt
• Roasted Malt

The Caramelized Malt market is the dominant segment under the category of malt market segmented by product type. Caramelized malt imparts a strong flavour to the beers. The consumption of beer across the world is rising, hence boosting the demand for caramelized malt in this segment

Specialty Malt Enzyme Market - By Source:

• Barley
• Wheat
• Rye
• Others

Based on the source, the market for speciality malt can be classified into four segments namely Barley, Wheat, Rye and Others. The barley segment accounts for the maximum share of the market and is gaining momentum due to the increased demand for barley oriented speciality malt in the craft brewery industry due to its specialised flavour. Moreover, barley Is easily available and widely cultivated across the world.

Specialty Malt Enzyme Market – By Extract:

• Dry
• Liquid
• Malt Flours

Based on the extract, the speciality malt enzyme market can be categorized into Dry, Liquid and Malt flavours. The dry malt segment is the dominant segment due to the increase in consumption of beer across the globe. The market is also boosted by the higher shelf life of dry malt.

Specialty Malt Enzyme Market - By Region: 

• North America 

• Asia-Pacific 
• Europe
• Latin America
• Middle East and Africa

Asia Pacific region is expected to register the highest CAGR due to the burgeoning demand for flavoured health drinks such as Horlicks and Milo and a rise in the consumption of malt-based beverages due to cross-cultural connections

North America holds the largest share of the speciality malt market across the globe. An increase in the consumption of malt-based food products such as beer and malted milk and the presence of enormous beer and alcohol industries drive the malt market in this region.

The global speciality malt market is expected to be driven by the rising demand for craft beer and an increasing number of independent breweries in Europe.

KEY MARKET PLAYERS:

Key market players of Specialty Malt Enzyme Market are Axereal, Briess Malt & Ingredients,Cargill Inc, Crisp Malting, Groupe Soufflet, Malteurop, Muntons plc, Rahr, Corporation, Simpsons Malt Limited.