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 outlook. 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 US$ 8.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 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 global hopped malt extract market is driven by the rising popularity of craft beer and home brewing among consumers seeking unique and high-quality beverage experiences is a primary driver. Hopped malt extract simplifies the brewing process, making it accessible for both hobbyists and small-scale brewers, which fuels market demand. Additionally, the increasing trend towards premium and specialty beers, driven by changing consumer preferences and the desire for diverse flavors, enhances the demand for high-quality brewing ingredients.

Along with this, the growing awareness of the health benefits associated with moderate beer consumption, such as its antioxidant properties, also supports market expansion. Moreover, advancements in brewing technology and the availability of a wide variety of hopped malt extracts cater to the specific needs of different brewing styles, further propelling market growth.

Hopped Malt Extract Market Scope and Growth Analysis:

The scope of the global market is extensive, encompassing a wide range of applications and continuous innovation. Market growth is driven by the increasing adoption of hopped malt extract in both commercial and home brewing sectors. The market benefits from the rising demand for craft beers, characterized by their unique flavors and brewing techniques. Concurrently, the availability of various types of hopped malt extracts, including those tailored for different beer styles such as IPAs, stouts, and lagers, highlights the market's versatility.

In addition, the integration of advanced extraction technologies ensures the production of high-quality malt extracts with consistent flavor profiles, enhancing their appeal. Strategic collaborations between malt extract producers and craft breweries further boost market dynamics. Furthermore, the expanding distribution networks, both online and offline, increase product accessibility to a broader consumer base. These factors, combined with the growing consumer interest in artisanal and high-quality brewing ingredients are creating a positive market outlook.

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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 (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, South Korea, Others)
• Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
• Middle East and Africa (Turkey, Saudi Arabia, Iran, United Arab Emirates, 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 leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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