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Specialty malts are those malts that comprise a smaller percentage of colored or flavored malts and larger percentage of lighter malts. Specialty malts are uniquely kilned and steeped so as to obtain desired effect, color, taste, and sweetness. In most of the cases, barley grain is utilized in the making of malt. Only two types of malt are made from rye and wheat, wheat malt and rye malt. Specialty malts are basically utilized for the addition of coloring, aroma, and flavor. These malts add complexity to beer and enables varieties in beer that are available in the market. This factor is estimated to support growth opportunities of the global specialty malt market in the years to come.

In addition, there has been a rise in the demand for beer, which is likely to drive the demand for specialty malt in the local breweries worldwide. The increasing use of specialty malt in the brewing sector is anticipated to amplify growth opportunities of the global specialty malt market in the years to come. Increased consumption of specialty malt is anticipated to increase the demand for craft beer worldwide. The increasing popularity of domestic beer and craft beer is likely to drive the demand for specialty malt in the years to come. 

The global specialty malt market is presented to rise at a growth rate of 5.5% CAGR during analysis period, 2020 to 2030. Specialty malts come with many applications, as they assist in adding flavors, appearance, texture,  and taste to beer and various other beverages.

Increased Popularity of Craft Beer to Support Growth of the Market

Specialty malt is any malt other than the usual standard malt. This malt is made by maneuvering the drying procedure. Specialty malts offer unique characteristics that help in the making of craft beer with enhanced attributes, such as increased foam retention and foam, flavor, color, brewing performance, and prolonged shelf life. Specialty malts have many uses, which is likely to play an important role in driving the growth of the global specialty malt market in the years to come. A case in point is rye malt, which come with characteristics like natural and multifunctional dough conditioner, and tangy and sweet flavor. It is mainly utilized in the bakery industry and it makes more elastic and softer dough, thereby making the dough elastic and the final product rich in volume. High demand from the bakery industry is anticipated to propel the demand for specialty malt in the years to come.

The rise in demand for craft beer coupled with the rising number of independent breweries is expected to fuel expansion of the global specialty malt market. Furthermore, improvement in research and development activities for specialty malt together with functionalities of specialty malt is also anticipated to augur well for the market during the analysis period, from 2020 to 2030. On the other hand, strict government guidelines pertaining to the food and beverage industry coupled with the fall in raw material supply is expected to impede growth of the global specialty malt market in the years to come.

Asia Pacific to Ride on the Back of Increasing Number of Independent Breweries in the Region

Asia Pacific is forecasted to account for a sizeable chunk of the global specialty malt market and is likely retain regional dominance over the tenure of assessment. A rise in the population together with increasing local breweries is likely to add to the growth of the regional market. In addition, rapid growth of the high-tech malt technologies and increased awareness about craft beer in the region is likely to bode well for the market in the region.