Market Size of Hopped Malt Extract Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.80 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Hopped Malt Extract Market Analysis
The hopped malt extract market is projected to register a CAGR of 4.8% during the forecast period (2020 - 2025).
- The market is driven by the increasing demand in brewing industries, especially for the manufacturing of craft beer. Also, its rising application in non-alcoholic beverages processing is contributing to the growth of the market. Additionally, the major opportunity it provides is its application in baking, breakfast cereals, confectionery, and other food applications according to research, although it has not been much used until now, it is anticipated to fuel the market growth in the forecasted period.
- However, less awareness of the wide range of applications offered by the hopped malt extract and lack of raw materials supply are the few of the major factors restraining the market.
Hopped Malt Extract Industry Segmentation
The hopped malt extract market is segmented by application into food and beverages, pharmaceuticals, cosmetics and personal care, and animal feed. The food and beverage segment is further bifurcated into alcoholic beverages, non-alcoholic beverages, and bakery. Also, the study provides an analysis of the hopped malt extract market in the emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
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Hopped Malt Extract Market Size Summary
The hopped malt extract market is experiencing growth driven by its increasing demand in the brewing industry, particularly for craft beer production. This growth is further supported by its expanding application in non-alcoholic beverages and potential use in baking, breakfast cereals, and confectionery. Despite these opportunities, the market faces challenges such as limited awareness of its diverse applications and a shortage of raw material supply. The craft brewing and distilling sectors have seen significant growth, with consumers seeking unique and flavorful beers, which has boosted the demand for specialty malts. This trend is particularly evident in regions like the United Kingdom, Germany, and the United States, where government initiatives have encouraged the establishment of new breweries, contributing to market expansion.
The market is characterized by a consolidated structure with a few domestic and multinational players vying for market share. Companies are focusing on strategies such as new product launches with healthier or organic claims, as well as mergers, acquisitions, partnerships, and expansions to strengthen their market position. Notable collaborations, such as the one between Baladin and Mr. Malt to create a hopped malt extract kit for homebrewers, highlight the industry's innovative approaches. Key players in the market include P.A.B. srl - Mr. Malt, Hambleton Bard Ltd, CereX B.V., Brewtec Bulk Malt, and BrewOf Brewing Ingredient Supply, all of which are actively contributing to the market's dynamic landscape.
Hopped Malt Extract Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Application
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2.1.1 Food and Beverages
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2.1.1.1 Alcoholic Beverages
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2.1.1.2 Non-alcoholic Beverages
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2.1.1.3 Baked Goods
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2.1.2 Pharmaceuticals
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2.1.3 Cosmetics and Personal Care
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2.1.4 Animal Feed
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2.2 By Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.1.3 Mexico
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2.2.1.4 Rest of North America
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2.2.2 Europe
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2.2.2.1 Spain
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2.2.2.2 United Kingdom
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2.2.2.3 Germany
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2.2.2.4 France
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2.2.2.5 Italy
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2.2.2.6 Russia
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2.2.2.7 Rest of Europe
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2.2.3 Asia-Pacific
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2.2.3.1 China
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2.2.3.2 Japan
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2.2.3.3 India
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2.2.3.4 Australia
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2.2.3.5 Rest of Asia-Pacific
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Middle-East and Africa
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2.2.5.1 South Africa
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2.2.5.2 Saudi Arabia
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2.2.5.3 Rest of Middle-East and Africa
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Hopped Malt Extract Market Size FAQs
What is the current Hopped Malt Extract Market size?
The Hopped Malt Extract Market is projected to register a CAGR of 4.80% during the forecast period (2024-2029)
Who are the key players in Hopped Malt Extract Market?
P.A.B. srl - Mr. Malt, Hambleton Bard Ltd, CereX B.V., Brewtec Bulk Malt and BrewOf Brewing Ingredient Supply are the major companies operating in the Hopped Malt Extract Market.
