Market Highlights

The global hopped malt extract market is expected to grow from USD 9.68 billion in 2023 to USD 22.34 billion by 2033 at a CAGR of 8.72%.

Hopped Malt Extract Market CAGR

2023-2033

CAGR OF

8.72%

Hopped Malt Extract Market

The concentrated or dried form of unfermented brewery wort is known as malt extract by crushing & mashing of malted grains, separation of wort, and then their concentration and dehydration. Hops are added to this extract so it becomes hopped malt extract. Hop is one of the vital ingredients used in beer brewing. Hops add a refreshing finish providing bitterness with a proper balance of sweetness to the brew. The hopped malt extract has the ability to add aroma and bitterness to the end-use beverages and this property is anticipated to drive the market in the forecast period.
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the overall market. The historic years considered for the study are 2018-2021, the base year is 2022, the estimated year is 2023, and the forecast period is 2023-2033

Hopped Malt Extract Market: Market Dynamics

The shifting preference of mild drinks with lower alcohol levels is one of the factors driving the global hopped malt market. The awareness about health hazards on long term consumption of alcoholic beverages is influencing the market growth. Additionally, adoption of hop malt in various food applications is boosting the growth of the global hopped malt market. However, fluctuating raw material prices continue to hamper the market growth. The increased production of various malts such as oats barley and wheat are set to provide lucrative opportunities for the market in the forecast period.

Hopped Malt Extract Market: Segmental Analysis 

Hopped Malt Extract Market

By Type

Cascade

Amarillo

Centennial

Chinook

The Market will Grow

At the CAGR of:

8.72%

The Forecast Market

Size for 2033 in USD:

$22.34B

The hopped Malt Extract Market can be segmented based on type, application, and region.
Based on type, the market is classified into cascade, amarillo, aentennial, and chinook. Cascade accounted for the largest share in the past years, owing to the increased use of the product in the brewing industry.

Hopped Malt Extract Market

By Application

XX%

Food

Beverage

9.68

Total Market Size

USD (Billion), 2023

8.72%

CAGR

2023 - 2033

Based on the Application, the market is divided into food and beverage. The beverage segment particularly alcoholic drinks contributed to the higher market share during the forecast period.

Hopped Malt Extract Market: Regional Analysis

Hopped Malt Extract Market

By Region

The Market will Grow

At the CAGR of:

8.72%

The Forecast Market

Size for 2033 in USD:

$22.34B

Geographically, the market is classified into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
Europe held the largest market share in 2023, owing to the increased demand for craft beer from UK, Germany, Italy, France, and other countries. Beer consumers from the countries, such as in Poland, France, Italy, Germany, and UK are showing interest in trying out different types of craft beer, such as Indian Pale Ales or other pale ales, and are also willing to spend more money on them. This factor is anticipated to drive the regional market growth in the forthcoming years. APAC is expected to witness the fastest growth in the forecast period and it is attributed to the demand for low alcohol and flavored drinks from China and India.

Hopped Malt Extract Market: Competition Scenario

Key players operating in hopped malt extract market are Simon H. Steiner, Hopfen, GmbH, Muntons plc, Demon Brewing Co., Hopco Pty, Indena S.p.A., and Crosby Hop Farm, LLC.

Critical Questions Answered in the Report

•    What are the key trends in the market?
•    How the market (and its various sub segments) has grown in last four years and what would be the growth rate in next five years?
•    What are the key strategies adopted by the major vendors to lead in the Market?
•    What is the market share of the top players?

Research Methodology

The research study extensively uses both secondary and primary research methodologies. More than 200 industry leaders from various phases of the value chain (demand side, supply side, resellers/distributors, and other independent consultants) were interviewed to gain crucial insights about this market and validate the research findings. Secondary sources referred for the research study include company websites, annual reports, paid database tools, investor presentations, webinars, blogs, news/journals, whitepapers, survey papers, associations, and government websites. All the collected data and insights were then processed using our proprietary data mining software that executes various algorithms to make projections for the forecast period.

Hopped Malt Extract Market Scope: