The Global Caramel Malt Market is expected to reach a market valuation of US$ 1,066 million by 2023, recording a CAGR of 4.1% from 2023 to 2033.
Any type of malt can be used to make caramel malt by simply hydrating it rather than crushing it first. The malts that are produced are referred to as caramel malt or caramelized malts because the caramelization takes place throughout the malting process. All of the caramel malts contain some unfermented sugar and residual starch known as dextrin.
| Attribute | Details |
|---|---|
| Caramel Malt Market Size (2023E) | US$ 1,066 million |
| Caramel Malt Market Projected Size (2033F) | US$ 1,577 million |
| Value CAGR (2023 to 2033) | 4.1% |
| Top 3 Countries Marketing Share | 65.8% |
The brewing industry has noticed an increase in demand for caramel malt over the past few years. Caramel malt comes in a wide variety and is sold in the market. So, consumers can select the caramel malt variant based on their needs while making malt beverages. When used to make beer, the residual dextrin and starch in caramel malt give the beverage a mouthfeel. Caramel malt is used in the brewery because it provides a dextrin-like flavor and improves various beer characteristics, such as increased head retention and foam.
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| Market Statistics | Details |
|---|---|
| Jan-Jun (H1), 2021 (A) | 3.5% |
| Jul-Dec (H2), 2021 (A) | 3.6% |
| Jan-Jun (H1),2022 Projected (P) | 3.8% |
| Jan-Jun (H1),2022 Outlook (O) | 3.9% |
| Jul-Dec (H2), 2022 Projected (P) | 3.9% |
| Jul-Dec (H2), 2022 Outlook (O) | 4.1% |
| Jan-Jun (H1), 2023 Projected (P) | 3.9% |
The brewery industry has noticed a need for caramel malt. The market offers a wide selection of caramel malt products. So, while brewing malt drinks, consumers can select the caramel malt variety based on their needs. When used to make beer, the residual starch and dextrin in caramel malt give the beverage a mouthfeel. The caramel malt has been utilized in the brewery because it improves some beer characteristics, such as increasing froth and raising head retention, without changing the beer's color or flavor.
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The market has seen an increase in demand for non-alcoholic drinks, particularly in Qatar, the United Arab Emirates, Saudi Arabia, etc. As consumers place more of an emphasis on leading healthy lifestyles and eating well, the demand for non-alcoholic beverages is rising. Further growth of caramel malt usage in the non-alcoholic beverage industry is possible.
The non-alcoholic drinks taste better and come in a variety of flavor selections. Another significant element that has made it possible for customers to choose such healthful and advantageous beverages is the rise in disposable money.
The United States of America has long been the largest caramel malt market in the world. Among all the main players, the USA has the highest production and consumption rates. The tremendous craft beer boom in the USA has largely been responsible for this spread. Because American brewers use malt more frequently as a flavor and aroma additive, demand for it has soared. Also, the need for malt has increased because to the rise in popularity of contract brewing and private label businesses.
The Asia Pacific area is currently the largest market for malt. This is caused by a multitude of factors, including the local beer market's expansion and craft beer's growing popularity.
The Asia-Pacific area is home to nearly 4 billion people, or more than half of the world's population. This suggests that there is a sizable market for caramel malt in the region. The region's economy is also growing significantly, which is increasing demand for non-alcoholic beverages.
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The non-alcoholic beverage market is expanding, and with it, so is demand for caramel malt. More and more brewers are employing wheat and rye malt to make their distinctive beverages. The development of microbreweries and craft beer producers, who are constantly seeking for new flavors, is driving the trend.
Malt is a crucial component of brewing. It offers the enzymes required to change starch into sugar, which is subsequently fermented to create alcohol. Moreover, malt imparts flavor, body, and color to beer. To provide brewers' demands, more and more farmers are planting wheat and rye.
Caramel malt may be kept at room temperature for longer periods of time without losing any of its qualities, which makes it a preferred leavening agent in baked goods all over the world. One of the key factors propelling the Caramel malt Market is the major manufacturers' focus on creating high-quality baker's malt to enhance its uses as a leavening agent in baked goods. Specialty malts are being used as a key component in baking for the first time. Throughout, there is a strong demand for breads, including rye breads, whole wheat bread, buns, white breads, brown breads, and many more bakery items. These key elements are driving the market forward. As consumers' understanding of the advantages of organic food has grown, retail sales of organic food products have soared.
The Caramel Malt market is only slightly fragmented. The major market players are concentrating on expansion tactics like mergers and acquisitions and extending their distribution networks to increase their market position. The manufacturers in the market used a variety of competitive methods, including product releases, free-from claims, and organic and natural origin claims.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ million for Value and Metric Ton for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and the Middle East and Africa |
| Key Countries Covered | United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others. |
| Key Segments Covered | Color, Flavor, Source, Drying, Applications, End Use, and Region |
| Key Companies Profiled | Briess Malt & Ingredients Co.; Bairds Malt Limited; Weyermann; Castle Malting; Thomas Fawcett Malting; Great Western Malting; Crisp Malting; Viking Malt; Barmalt Malting Pvt. Ltd.; Agrária - Maltes |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The Caramel Malt Market is valued at US$ 1,066 million for 2023.
The Caramel Malt Market valuation is expected to be US$ 1,577 million in the year 2023.
The value of CAGR for the Caramel Malt Market is estimated to be 4.1%.
The Non-Alcoholic segment would garner a significant market value share by 2023.
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