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Specialty malt brands are making a strong investment to expand the reach of non-alcoholic food and beverages for health to create niche expansion opportunities during the pandemic.
ROCKVILLE, MD / ACCESSWIRE / August 25, 2020 / The specialty malt market is expected to reflect a promising TCAC of 6% during the forecast era between 2020 and 2030. The coronavirus pandemic is most likely to have a disruptive influence on the market. This can largely be attributed to strict blocking regulations, which restrict sales of alcoholic beverages in several countries. Craft breweries in particular have been heavily affected, which has hurt short-term demand for special malts.
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Special Malts Market: Key Points to Remember
Applications of flavoured breads and special malt confectionery products are experiencing growth, with adjustments in customers’ preference for satisfying snacks and snacks.
Wheat malt and rye contribute particularly to market revenues, driven by the demand for niche in the alcoholic beverage sector.
Europe has shown expansion in times with the expansion of the brewing sector in Russia, France, Italy, Switzerland, Belgium and Germany.
Special malt market: determining factors
Superior service life and special foam foam retention characteristics stimulate demand in brewing applications.
Maintaining the expansion of special malt flavor profiles is key to boosting adoption.
Special Malts Market: Restrictions
Fluctuating due to unpredictability of yields due to weather and weather problems.
The strict government on the use of special malts is holding back the prospects for market expansion.
It is expected to have an effect on the market through the coronavirus outbreak
The coronavirus pandemic has had a negative effect on the specialty malt industry. Strict restrictions on the sale of alcoholic beverages, adding activities in craft breweries during closure, represented a major challenge for brands in the industry. While many small businesses are suffering during the crisis, demand is likely to remain unpredictable in the long run as well. On the other hand, the demand for healthy foods and non-alcoholic beverages will create opportunities for short-term growth.
Explore the global market for special malts with 136 digits, 80 knowledge tables and the fabric table in the report. You can also get detailed targeting on https://www.factmr.com/report/4817/specialty-malt-marketplace
Competitive panorama
The main brands in the special malts market include, but are limited to, Barmalt India Pvt. Ltd., IREKS GmbH, Agroindustrial Agrarian Cooperative, Malteurop, GrainCorp Ltd., Simpsons Malt Ltd., Cargill Inc., Soufflet Group, Axereal and Viking Malt Oy.
The main players in the special malt market are boosting the functions of products with strategic business mergers and acquisitions, in addition to product portfolios.
For example, Westland has expanded its portfolio of special malt malts and rye from Munich for whisky production in Seattle. In addition, Axereal announced the acquisition of Cargill Inc.’s malt division. GrainCorp Ltd. lists its global malting business as a separate entity to pursue independent expansion strategies.
Discover the report
FACT.MR’s market research report provides detailed data on the specialty malt market. The place of the market is examined in search of product (caramelized malt and toasted malt), origin (barley, wheat, rye and others), extract (dry, liquid and malt) and application (individual, promotional and institutional) in seven key regions (North America, Latin America, Europe, East Asia, South Asia, Oceania and Africa).
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SOURCE: Fact.MR
See the accesswire.com edition: https://www.accesswire.com/603234/Specialty-Malts-Market-to-Exhibit-6-CAGR-through-2030-Slump-in-Craft-Brewery-Applications-During – Covid-19-Pandemic-to-Hurt-Sales-said-FactMR