The latest report by IMARC Group, titled ‘Hopped Malt Extract Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,' offers a comprehensive analysis of the hopped malt extract market. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global hopped malt extract market size reached US$ 8.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 17.5 Billion by 2032, exhibiting a growth rate (CAGR) of 7.83% during 2024-2032.
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Hopped Malt Extract Market Overview:
Hopped malt extract is a concentrated liquid derived from malted barley and hops, commonly used in homebrewing and craft beer production. This versatile ingredient simplifies the brewing process by providing a pre-made mixture of malt sugars and hop flavoring, eliminating the need for mashing and boiling raw ingredients. Homebrewers can easily create beer by diluting the extract with water, adding yeast, and fermenting the mixture. Hopped malt extract comes in various styles and flavors, allowing brewers to experiment with different beer styles and profiles without extensive equipment or expertise. Its convenience and consistency make it a popular choice among novice and experienced brewers alike for producing quality homemade beer with minimal effort.
Hopped Malt Extract Market Trends:
The global market is majorly driven by the burgeoning popularity of homebrewing and craft beer culture. Homebrewers and small-scale breweries favor hopped malt extract for its simplicity and consistency, allowing them to produce high-quality beer without the need for complex equipment or extensive brewing knowledge. Additionally, the increasing consumer interest in unique and flavorful beer varieties propels the demand for hopped malt extracts with diverse hop profiles and malt characteristics, enabling brewers to experiment with different beer styles and flavors. Moreover, the rising preference for natural and artisanal products drives the adoption of hopped malt extracts made from high-quality malted barley and hops, reflecting consumer preferences for authentic and locally sourced ingredients.
Technological advancements in brewing processes and packaging techniques further contribute to market growth by improving product quality, shelf life, and convenience for brewers. Furthermore, expanding distribution channels, including online retailers and specialty stores, enhance the accessibility of hopped malt extracts to a wider consumer base globally, driving the overall market expansion. Collaborations between brewing ingredient suppliers and breweries for product development and marketing initiatives also play a crucial role in driving innovation and stimulating market growth in the global hopped malt extract market.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Brewtec Bulk Malt
- CereX
- Demon Brewing Co. Inc
- Muntons plc
Hopped Malt Extract Market Segmentation:
Our report has categorized the market based on type, source, nature, and end user.
Breakup by Type:
- Cascade
- Amarillo
- Centennial
- Chinook
Breakup by Source:
- Wheat
- Barley
- Rice
- Rye
- Others
Breakup by Nature:
- Organic
- Conventional
Breakup by End User:
- Brewing Industry
- Alcoholic
- Non Alcoholic
- Baking Industry
- Confectionery
- Animal Feed
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, South Korea, Others)
- Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
- Middle East and Africa (Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)
Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About US:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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