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hopped malt extract market size, hopped malt extract market growth, craft beer industry, extract brewing, hopped malt extract formulations, gluten-free brewing ingredients, malt and hops production, beer consumption worldwide, single-varietal extracts, single-hop extracts, functional ingredients, nutraceutical additions, sustainable practices, emerging markets
What Is the Expected Growth of the Hopped Malt Extract Market in the Future?
The hopped malt extract market size has seen substantial growth in recent years. The market is projected to grow from $10.12 billion in 2024 to $11.1 billion in 2025 at a compound annual growth rate (CAGR) of 9.7%. This growth can be attributed to the traditional use of hopped malt extract in brewing and homebrewing, the booming craft beer industry, and the convenience of using hopped malt extracts.
The hopped malt extract market is expected to reach $15.9 billion in 2029 at a CAGR of 9.4%. Factors contributing to this growth include increased interest in extract brewing among novice brewers, innovation in hopped malt extract formulations and flavors, demand for gluten-free and allergen-friendly brewing ingredients, sustainable sourcing, and production practices for malt and hops, and growing beer consumption worldwide.
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What Is Driving the Growth of the Hopped Malt Extract Market?
The growing popularity of craft beer is anticipated to drive the growth of the hopped malt extract market. Craft beers, uniquely blended and traditionally made in small, independent breweries, provide a richer and more distinct taste, for which hopped malt is often used. According to the Brewers Association, in 2022, small and independent breweries produced 24.3 million barrels of beer, increasing craft beer’s market share by volume to 13.2%, up from 13.1% the previous year.
Which Are the Major Segments in the Hopped Malt Extract Market?
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
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Who Are the Major Players in the Hopped Malt Extract Market?
Significant companies 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, and others.
What Are the Emerging Trends in the Hopped Malt Extract Market?
New product innovation is a prominent trend in the hopped malt extract market. iGulu, a US-based brewery company, launched iGulu S1 in July 2024, blending modern technology with user-friendly features for home brewing.
Which Region Is Projected To Grow The Fastest In The Hopped Malt Extract Market?
North America was the largest region in the hopped malt extract market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period.
What is the Hopped Malt Extract Market Offering?
Hopped malt extracts are used in brewing for their aromatic and bittering features. These extracts, available in dried and concentrated forms, are created by crushing and mashing malted grains. The Hopped Malt Extract Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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