Market Outlook
The demand for flavoring and texturing agents has been increasing among the consumers over the decades as it completes even the simple dishes into delicious and tasty succulent. Specialty malt ingredients are one such additive which has vital applications as a flavoring and texturing agent in malted baking and brewing industries. Specialty malt ingredients are the processed form of specialty grains and a sufficient amount of malt extracts. The specialty grains are allowed to germinate which is then dried and grounded to form specialty malt ingredients. During germination, the enzymes are induced to grow which enables the soft texture of specialty malt ingredients. The germination is carried out through a pneumatic form or through traditional floor malting bed in order to obtain the required texture of specialty malt ingredients. Along with flavoring and texturing, specialty malt ingredients adds exotic taste to various malted food and beverages including muffins, cookies, soups, bread, wine, beer, etc. Due to this, specialty malt ingredients finds its application in food and food processing industries all over the world.
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Surging Demands for Specialty Malt Ingredients
The specialty malt ingredients have an important role in bakeries and confectionaries as leaving and texturing agent. There are three types of specialty malt ingredients which include color malts, caramel or crystal malts, and roasted malts. The color malts are highly dried specialty malt ingredients which are exposed to high temperature in order to obtain the required color and flavor. The caramel or crystal malts are initially roasted with low heat and then subjected to high temperature in order to activate the enzyme for saccharification and caramelization of beer. The roasted malts are treated in a roaster with a gradual increase in temperature in order to obtain the aromatic darker specialty malt ingredients. As each type of specialty malt ingredients has unique properties which enhances the texture, flavor, and color of malted food and beverages, the demand for specialty malt ingredients is burgeoning every year. Bound to all these factors, it is anticipated that the global specialty malt ingredients market would remain positive during the forecast period.
Global Specialty Malt Ingredients Market: Market Segmentation
On the basis of source, the global specialty malt ingredients market has been segmented as:
Organic
Conventional
On the basis of product type, the global specialty malt ingredients market has been segmented as:
Color Malts
Pale Ale
Munich
Victory
Aromatic
Vienna
Caramel or Crystal Malts
Caramel Vienna
Cara Malt
Crystal Malt
10L
40L
60L
80L
120L
150L
Roasted Malts
Biscuit Malt
Amber Malt
Brown Malt
Chocolate Malt
Roasted Barley
Black Malt
On the basis of end use, the global specialty malt ingredients market has been segmented as:
Bakeries
Breweries
Beer
Rum
Whiskey
Vodka
Others
Confectionaries
Flavorings
Others
Specialty Malt Ingredients Market: Key Players
Some of the key players in the global specialty malt ingredients market include Cargill, Incorporated, Weyermann Specialty Malts, Brewstore ltd, Malteurop Group, Briess Malt & Ingredients Company, Proximity Malt, LLC, Crisp Malting Group, Simpsons Malt, IREKS Gmbh, Viking Malt, Origin Malting & Brewing Co., etc. More food processors are showing keen interests in the specialty malt ingredients the demand is amplifying every year.
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Opportunities for Market Participants:
As flavoring and texturing agents and malted food products have escalating demand among the consumers, it is expected that there will be stronger revenue generation for the market participants of global specialty malt ingredients. In addition, specialty malt ingredients are being used as a major ingredient is expected to be used in a household in the future which has growing demands. The increasing number of bakeries and food processing industries also drives the demand for specialty malt ingredients across the world. Bound to these factors, it is anticipated that there will be higher returns for the industrialists and manufacturers of specialty malt ingredients.
Global Specialty Malt Ingredients: A Regional Outlook
Specialty malt ingredients are highly produced and consumed in North America, as a traditional practice and developed a modern lifestyle. Increased number of bakeries and food processing industries also accounts for its high production. In North America, specialty malt ingredients are consumed in higher frequencies in household brewing. In the regions of Latin America, the specialty malt ingredients are highly utilized in the alcoholic beverage processing industries such as fermenting yeast in wineries. Specialty malt ingredients are widely utilized in bakeries and confectionaries in the Asia Pacific due to increased restaurants and other food services. In the region of the Middle East and Africa, specialty malt ingredients are being used for flavoring in minimal quantities as it has recently germinated however, specialty malt ingredients have spurring demand among the consumers and food industrialists. It is expected that the specialty malt ingredients will proliferate in terms of value and volume in the future.