Hopped Malt Extract Market, By Source (Barley, Wheat, Rye, Others), By Form (Liquid, Dry, Others), By Application (Beer, Whisky, Food, Pharma, Others), By Distribution Channel (B2B, B2C, Online, Specialty Stores, Others), By Geography (North America, Euro
Hopped Malt Extract Market, By Source (Barley, Wheat, Rye, Others), By Form (Liquid, Dry, Others), By Application (Beer, Whisky, Food, Pharma, Others), By Distribution Channel (B2B, B2C, Online, Specialty Stores, Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)
The hopped malt extract market size is expected to reach US$ 2 Bn by 2030, from US$ 1.28 Bn in 2023, at a CAGR of 6.6% during the forecast period.
Figure 1. Global Hopped Malt Extract Market Share (%), by Region, 2023
Hopped malt extract is a versatile ingredient commonly used in the brewing industry. It is made by extracting the flavors and aromas from hops and combining them with malt extract. This unique combination gives hopped malt extract its distinct bitter taste and adds complexity to the final product.
Market Dynamics:
The hopped malt extract market is driven by several factors. Firstly, the growing demand for craft beer and homebrewing is fueling the need for hopped malt extracts. Consumers are increasingly seeking unique and flavorful beers, and hopped malt extract provides brewers with the ability to experiment with different hop varieties and flavors.
Another driver of the hopped malt extract market is the convenience it offers to brewers and other end users. Hopped malt extract eliminates the need for time-consuming and labor-intensive processes such as mashing and boiling, making it an attractive option for small-scale breweries and homebrewers.
However, the market also faces certain restraints. One of the main challenges is the availability and cost of high-quality hop varieties. The demand for hops has been increasing, leading to potential shortages and higher prices. This can impact the production and availability of hopped malt extracts.
Despite these challenges, the hopped malt extract market also presents several opportunities. Manufacturers are focusing on product innovation and introducing new flavors to cater to changing consumer preferences. Additionally, there is a growing demand for hopped malt extracts in emerging markets, presenting potential growth opportunities for market players.
Key Features of the Study:
This report provides an in-depth analysis of the global hopped malt extract market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global hopped malt extract market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Koninklijke DSM N.V., Muntons plc, Associated British Foods plc, The Malt Company, IREKS GmbH, Doehler, Briess Malt & Ingredients Co., Malteries Soufflet, PureMalt, and Huajia Food Technology
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global hopped malt extract market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global hopped malt extract market
Detailed Segmentation:
Hopped Malt Extract Market, By Source
Barley
Wheat
Rye
Others (oats, rice, corn etc.)
Hopped Malt Extract Market, By Form
Liquid
Dry
Others (capsules, tablets etc.)
Hopped Malt Extract Market, By Application
Beer Production
Whisky Production
Food Industry
Pharmaceuticals
Others (cosmetics, animal feed etc.)
Hopped Malt Extract Market, By Distribution Channel
Business to Business
Business to Customers
Online Channels
Specialty Stores
Others
Hopped Malt Extract Market, By Region
North America
Europe
Latin America
Asia pacific
Middle East & Africa
Top Companies in the Hopped Malt Extract Market
Koninklijke DSM N.V.
Muntons plc
Associated British Foods plc
The Malt Company (India) Pvt. Limited
IREKS GmbH
Doehler
Briess Malt & Ingredients Co.
Malteries Soufflet
PureMalt
Huajia Food Technology
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Hopped Malt Extract, By Source
Market Hopped Malt Extract, By Form
Market Hopped Malt Extract, By Application
Market Hopped Malt Extract, By Distribution Channel
Market Hopped Malt Extract, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Fluctuating raw material prices
High consolidation and influx of cheaper substitutes