What Fueled The Previous Growth In The Hopped Malt Extract Market?
The hopped malt extract market has seen considerable growth due to a variety of factors.
• In the past few years, the hopped malt extract market has seen substantial growth. Its size is projected to increase from $10.12 billion in 2024 to $11.1 billion in 2025, boasting a compound annual growth rate (CAGR) of 9.7%.
This growth during the historical period can be associated with the conventional use of hopped malt extract in brewing and home brewing, expansion of the craft beer industry, rise in home brewing enthusiasts, and the convenience and time-efficient nature of employing hopped malt extracts.
What Is The Expected Growth In The Hopped Malt Extract Market Size?
The hopped malt extract market is expected to maintain its strong growth trajectory in upcoming years.
• It is anticipated that the hopped malt extract market will experience robust expansion in the upcoming years, with projections showing an increase to $15.9 billion in 2029, spurred by a compound annual growth rate (CAGR) of 9.4%.
The predicted surge during this forecast period can be associated with the rising acceptance of extract brewing among beginners in brewing, advancements in hopped malt extract formulations and flavors, along with a growing demand for gluten-free and allergen-friendly brewing components. Sustainable sourcing and production methods for malt and hops, emerging markets, and increasing global beer consumption also contribute to this growth. Foreseen trends throughout this projected timespan encompass single-varietal and single-hop extracts, the use of adjunct ingredients in extracts, the introduction of functional ingredients and nutraceutical supplements, eco-conscious packaging practices hinged on sustainability, as well as the growth of online brewing communities and discussion platforms.
What Are The Leading Drivers Of Growth In The Hopped Malt Extract Market?
The hopped malt extract market is anticipated to grow due to the rising popularity of craft beer. Craft beer is traditionally and independently brewed in small quantities, providing a more distinct and richer flavor due to its unique ingredient blend. Hopped malt, which offers a bitter and aromatic flavor to the beer, is an essential component in craft beer's preparation. For instance, the Brewers Association, based in the US, reported in April 2023 that small and independent breweries had produced a whopping 24.3 million barrels of beer in 2022, increasing the market share of craft beer by volume to 13.2%, a slight rise from 13.1% the previous year. This surge in craft beer popularity underscores the rising demand in the hopped malt extract market.
How Are The Segments Defined Within The Global Hopped Malt Extract Market?
The hopped malt extract market covered in this report is segmented –
1) By Type: Cascade, Amarillo, Centennial, Chinook
2) By Source: Wheat, Barley, Rice, Rye, Other Sources
3) By Nature: Organic, Conventional
4) By End-User: Brewing Industry, Alcoholic, Non Alcoholic, Baking Industry, Confectionery, Animal Feed, Other End-Users
Subsegments:
1) By Cascade: Cascade Hopped Malt Extract For Ales, Cascade Hopped Malt Extract For IPAs
2) By Amarillo: Amarillo Hopped Malt Extract For Ales, Amarillo Hopped Malt Extract For Specialty Beers
3) By Centennial: Centennial Hopped Malt Extract For IPAs, Centennial Hopped Malt Extract For Pale Ales
4) By Chinook: Chinook Hopped Malt Extract For Ales, Chinook Hopped Malt Extract For Stouts And Porters
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How Are New Trends Expected To Influence The Growth Of The Hopped Malt Extract Market?
The hopped malt extract market is seeing a surge in interest due to new product innovation. Top businesses in the hopped malt extract industry are launching new offerings in order to consolidate their market standing. For example, in July 2024, the American brewery company iGulu released iGulu S1. This innovative product merges contemporary technology with user-friendly functions, creating an ideal home-brewing device. Its emphasis on simplicity, safety, and adaptability makes it a perfect fit for anybody wishing to prepare their own beverages at home.
Who Are the Key Players in the Hopped Malt Extract Market?
Major companies operating in the hopped malt extract market include:
• CereX B.V.
• Coopers International Limited
• Hambleton Bard Ltd.
• Mangrove Jacks
• Muntons Ingredients Plc
• BrewDemon Co.
• Brewtec Bulk Malt
• Hopsteiner
• Brewferm Ltd.
• Brewof Brewing Holdings Limited
• Brouwland
• Black Rock Brewing Company
• Briess Malt & Ingredients Company
• Koninklijke DSM N.V.
• Briess Malt & Ingredients Co.
• Bairds Malt Ltd.
• Simpsons Malt Ltd.
• Crisp Malting Group
• Weyermann Specialty Malts
• Castle Malting SA
• Muntons Ingredients Plc
• Great Western Malting Co.
• Rahr Malting Co.
• Malteurop Groupe
• GrainCorp Malt Ltd.
• Maltexco S.A.
• Malt Products Corporation
• BSG CraftBrewing Group
• Yakima Chief Hops
• John I. Haas Inc.
• Barth-Haas Group
• Charles Faram & Co. Ltd.
• Hopco Pty Ltd.
• Simply Hops Ltd.
• Crosby Hop Farm LLC
• Hop Head Farms
• Hop Revolution
• Yakima Chief Hops
• New Zealand Hops Ltd.
What Is The Most Dominant Region In The Hopped Malt Extract Market?
North America was the largest region in the hopped malt extract market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hopped malt extract market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
