Hopped Malt Extract Market Size, Share, Global Sector / Industry Report & Analysis, 2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Hopped Malt Extract Market


The global Hopped Malt Extract market size is projected to reach US$ 12.66 billion by 2026, from US$ 7.93 billion in 2020, at a CAGR of 8.1% during 2021-2026. Increasing product application in the brewing industry, especially for manufacturing craft beer is anticipated to drive the market. Growing consumer awareness regarding the availability of a broad range of flavors and styles of craft beers with low percentage of Alcohol by Volume (ABV), is expected to further fuel the product demand.

Hop is one of the major ingredients used in beer brewing process along with other products, such as grains, yeast, and water. Hops provide bitterness, balance the sweetness of malt sugars, and add a refreshing finish to the brew. Ability of hopped malt extract to add the required aroma and bitterness to the finished beverages is anticipated to drive the demand. Rising adoption in baking, breakfast cereals, confectionery, and other food applications is anticipated to fuel the market growth. Moreover, rising application in non-alcoholic beverages is expected to contribute to the demand.

Small breweries heavily rely on hopped malt extract to produce their beers infused with new crafts and innovations to attract more consumers. Rising demand for craft beers is expected to drive the incorporation of new breweries, creating growth prospects for the market. For instance, beers such as stouts and India pale ales heavily use the hopped malt extracts.

Lack of raw material supply is anticipated to act as a driver as well as restraint for the global market. Rising production of various malts including oat, barley, and wheat is projected to create business opportunities in near future. Efforts to introduce less perishable malt varieties is projected to provide significant traction.

Market Segmentation, Outlook & Viewpoint: Global Hopped Malt Extract Market

Type Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Cascade
  
Amarillo
  
Centennial
  
Chinook

Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Food
  
Beverage

Key Players, Recent Developments & Regional Insights: Global Hopped Malt Extract Market

Beverage held the largest market share of more than 70% in 2018. Beverages, particularly alcoholic drinks majorly contribute to the high demand from this application segment. According to a report by the trade organization The Brewers of Europe, the number of microbreweries in Europe reached over 9500 in 2017. This factor is anticipated to fuel growth of the overall hopped malt extract market during the forecast period.

European and North American markets, particularly countries, such as U.K., Germany, and U.S. are projected to drive the segment growth. Moreover, the governments from countries such as Australia, New Zealand, China, India, Belgium, and Mexico, among others support incorporation of new breweries to promote employment generation. This factor is expected to drive the beverage application segment in near future.

Regional Insights
Europe held a market share of around 34% in 2018, mainly driven by the significant rise in demand for craft beer from U.K., Germany, Italy, France, and other countries. Beer drinkers from the countries, such as in Poland, France, Italy, Germany, and U.K. are interested in trying out different types of craft beer, such as Indian Pale Ales or other pale ales and are also willing to shell out more money on them. This factor is expected to drive the regional market growth in the forthcoming years.

Asia Pacific is expected to register the fastest CAGR of 8.8% from 2019 to 2025, majorly attributed to rising demand for low alcohol volume drinks and flavored from China and India. According to Kirin Beer Universitys December 2017 report on world beer consumption, China was recorded as the major country not only in terms of market share and consumption, but also as one of the top 13 beer consumers in the world. This scenario is anticipated to drive the regional demand for hopped malt extract.

Hopped Malt Extract Market Share Insights

Some of the key market players include Muntons, Coopers, Hambleton Bard Ltd., BrewDemon, Cerex, Brewferm, and Mangrove Jacks. Companies actively engage in product launches and acquisitions to expand their market presence and visibility. For instance, Coopers, an Australian brewery and hopped malt extract provider acquired Mr. Beer. This acquisition helped the company boost its home brewing supply manufacturing, thereby expanding its reach in Australia.

Key Insights Covered: Global Hopped Malt Extract Market
1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Hopped Malt Extract industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Hopped Malt Extract industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Hopped Malt Extract industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Hopped Malt Extract industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Hopped Malt Extract industry.

Research Methodology: Global Hopped Malt Extract Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other