Product Code: ETC4540825 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India specialty malt market import shipment demonstrated robust growth with a high CAGR from 2020 to 2024. However, there was a significant decline in growth rate between 2023 and 2024. Overall, the market expanded steadily but experienced a notable slowdown in the most recent period.
The India specialty malt market is on the rise as malted grains gain prominence in the brewing, distilling, and food industries. Specialty malts, including caramel and roasted malts, contribute unique flavors, colors, and aroma profiles to a variety of beverages, such as craft beer and whiskey, and food products. The market`s growth is fueled by the growing craft beverage and artisanal food sectors, which prioritize quality, authenticity, and flavor differentiation. As consumers seek distinctive and premium taste experiences, the specialty malt market plays a pivotal role in meeting their sensory and craft preferences.
The India specialty malt market is experiencing robust growth, driven by various key factors. Specialty malts, produced through a unique malting process, offer distinct flavors, colors, and characteristics that cater to the evolving consumer preferences in the brewing and food industries. One of the primary drivers of this market is the expanding craft beer industry in India. Craft brewers seek specialty malts to create distinctive beer flavors and styles, which have gained popularity among consumers looking for unique and artisanal beverages. Furthermore, the market benefits from the use of specialty malts in the production of bakery products, confectionery, and distilled spirits, adding distinctive taste profiles to these items. The growing interest in flavor innovation and premium food and beverage products has spurred the demand for specialty malts. Additionally, the market`s growth is fueled by research and development efforts that focus on creating new malt varieties and enhancing their applications in different industries. These factors, combined with the increasing demand for high-quality and unique taste experiences, are key drivers of the India specialty malt market.
The specialty malt market in India faces challenges related to sourcing, quality control, and market competition. Sourcing specialty malt grains that meet specific flavor and performance requirements can be subject to variations in crop quality and availability. Ensuring the consistent quality and safety of specialty malt products, which influence the flavor and characteristics of various beverages and foods, is vital. The market must also address competition from alternative ingredients and substitutes in the brewing and food industry, making innovation and differentiation critical for success.
The specialty malt market may have faced challenges due to the pandemic, including supply chain disruptions and fluctuations in demand. Breweries, distilleries, and food manufacturers using specialty malt ingredients could have been affected.
Key players in the India specialty malt market include companies like Malteurop India Pvt. Ltd., Cargill India Pvt. Ltd., and Swastik Malts Pvt. Ltd. These entities specialize in producing specialty malts for the brewing and food industries. Their focus on quality malt production and tailored solutions has influenced the market`s offerings and competitiveness.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Specialty Malt Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Specialty Malt Market Revenues & Volume, 2021 & 2031F |
3.3 India Specialty Malt Market - Industry Life Cycle |
3.4 India Specialty Malt Market - Porter's Five Forces |
3.5 India Specialty Malt Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Specialty Malt Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Specialty Malt Market Revenues & Volume Share, By Source, 2021 & 2031F |
4 India Specialty Malt Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for craft beers and premium spirits in India |
4.2.2 Growing awareness about health benefits and nutritional value of specialty malts |
4.2.3 Rising disposable income and changing consumer preferences towards premium products |
4.3 Market Restraints |
4.3.1 High cost associated with specialty malts compared to conventional malts |
4.3.2 Limited availability and accessibility of specialty malts in the Indian market |
4.3.3 Strict regulations and licensing requirements for producing and selling specialty malt products |
5 India Specialty Malt Market Trends |
6 India Specialty Malt Market, By Types |
6.1 India Specialty Malt Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Specialty Malt Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Specialty Malt Market Revenues & Volume, By Roasted, 2021-2031F |
6.1.4 India Specialty Malt Market Revenues & Volume, By Crystal, 2021-2031F |
6.1.5 India Specialty Malt Market Revenues & Volume, By Dark, 2021-2031F |
6.2 India Specialty Malt Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Specialty Malt Market Revenues & Volume, By Brewing, 2021-2031F |
6.2.3 India Specialty Malt Market Revenues & Volume, By Distilling, 2021-2031F |
6.2.4 India Specialty Malt Market Revenues & Volume, By Non-alcoholic Malt Beverages, 2021-2031F |
6.2.5 India Specialty Malt Market Revenues & Volume, By Bakery, 2021-2031F |
6.3 India Specialty Malt Market, By Source |
6.3.1 Overview and Analysis |
6.3.2 India Specialty Malt Market Revenues & Volume, By Barley, 2021-2031F |
6.3.3 India Specialty Malt Market Revenues & Volume, By Wheat, 2021-2031F |
6.3.4 India Specialty Malt Market Revenues & Volume, By Rye, 2021-2031F |
7 India Specialty Malt Market Import-Export Trade Statistics |
7.1 India Specialty Malt Market Export to Major Countries |
7.2 India Specialty Malt Market Imports from Major Countries |
8 India Specialty Malt Market Key Performance Indicators |
8.1 Percentage increase in the number of microbreweries and craft distilleries using specialty malts |
8.2 Growth in the number of specialty malt suppliers and distributors in India |
8.3 Increase in the variety and availability of specialty malt products in the market |
9 India Specialty Malt Market - Opportunity Assessment |
9.1 India Specialty Malt Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Specialty Malt Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Specialty Malt Market Opportunity Assessment, By Source, 2021 & 2031F |
10 India Specialty Malt Market - Competitive Landscape |
10.1 India Specialty Malt Market Revenue Share, By Companies, 2024 |
10.2 India Specialty Malt Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |