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Specialty Malt Market size is anticipated to grow in demand due to its wide applications in food and beverage industry. <br><br>Get more details @ https://goo.gl/TZvJEO
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Specialty Malt Market Research and Analysis 2017-2024: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024 Low Power Wide Area Network
Regional Analysis of Specialty Malt Market : • North America dominates as the largest specialty malt market for both consumption and production of the product owning to its massive product production and splendid sales & promotion facilities. Change in lifestyle and food patterns in the region is also expected to propel healthy product growth in the industry. The U.S. and Canada are the largest exporter of the product in the region. Rising demand of non-alcoholic and alcoholic beverages will substantially drive the specialty malt market demand. • Europe is also anticipated to growth in demand due to its global presence in brewing and beverage industry. Countries including France, Switzerland, Germany, Belgium, Italy, and Russia are progressing to come up as leading regional players due to their high consumption of flavoured beers and alcoholic drinks and presence of large customer base.
Application Analysis of Specialty Malt Market : • On the basis of applications, specialty malt market is segmented into distilling, brewing, bakery, and non-alcoholic beverages. Increased consumption of beer and growing number of independent breweries manufacturing their own customized beers is projected to significantly drive the product demand over the forecasted period.
Competitive Market Share of Specialty Malt Market : • Global specialty malt market is concentrated in nature due to the presence of large industry players which take up maximum industry share. Some of the key industry players include Axereal, Agraria, Cargill, Bavaria Brewery, Bairds, Graincorp, Ireks, Soufflet. Other prominent players are Crisp Melting, Heineken, Muntons Craft Brewing and Weyermann. • In 2016, Bavaria Brewery acquired the U.S. based Belgian customized beer importer, Latis Imports to increase its global presence in the specialty malt market. With this strategy, the company capitalized the advancing U.S. beer industry.
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