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 share. 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 USD 8.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 17.5 Billion by 2032, exhibiting a growth rate (CAGR) of 7.83% during 2024-2032.
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Hopped Malt Extract Market Trends:
The rising popularity of craft breweries is driving the global market. Moreover, consumers' growing preference for natural and authentic flavors in alcoholic beverages is fueling the market. Furthermore, the expanding homebrewing culture has led to higher consumption of hopped malt extracts. Additionally, continual advancements in brewing technology are improving the production efficiency of malt extract, enhancing market expansion. Besides this, increasing awareness about the nutritional benefits of malt-based products, such as their antioxidant properties, further propels demand.
The rising disposable incomes and urbanization trends also contribute to a higher demand for premium malt-based drinks. Moreover, the growing interest in specialty and flavored beers, particularly in developing markets, drives growth. The expansion of e-commerce platforms enables easier access to a wider variety of hopped malt extract products.
Hopped Malt Extract Market Scope and Growth Analysis:
The scope of the market is broadening due to the increasing diversification of malt extract applications across various sectors, including food and beverages. Additionally, the expansion of distribution networks through online retailing platforms is enhancing market reach. The rising demand for premium and craft beers, combined with an increasing inclination towards healthier lifestyle choices, is encouraging manufacturers to innovate and introduce new products.
Moreover, the market is benefitting from favorable government regulations that support the growth of the brewery industry. Furthermore, the trend of artisanal brewing in emerging markets is contributing to overall market expansion. These developments, along with the steady rise in consumer spending on quality beverages, are creating growth opportunities for both established players and new entrants in the market. Besides this, the growing sustainability focus on the production of malt extracts is shaping future market dynamics.
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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 region, 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 (USA, Canada)
- Europe (Germany, France, UK, Italy, Spain, Russia, others)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, others)
- Middle East/Africa
- Latin America (Brazil, Mexico, 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 global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact US:
IMARC Group
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Email: [email protected]
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