Global Hopped Malt Extract Market Analysis

The global hopped malt extract market has been growing steadily over the past few years. Hopped malt extract is a concentrated liquid extract made from malted barley and hops. It is used as a flavoring and coloring agent in beer and other alcoholic beverages. The demand for hopped malt extract is driven by the growing popularity of craft beer and the increasing number of microbreweries around the world.

Overview

The global hopped malt extract market is expected to grow at a CAGR of 5.2% during the forecast period (2021-2026). The market is driven by the increasing demand for craft beer and the growing number of microbreweries around the world. The demand for hopped malt extract is also driven by the increasing popularity of flavored beer and the growing trend of using natural ingredients in beer production.

The hopped malt extract market is segmented by type, application, and region. Based on type, the market is segmented into liquid and powder. Based on application, the market is segmented into beer, wine, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

Key Players in the Global Hopped Malt Extract Market Analysis

The key players in the global hopped malt extract market include Briess Malt & Ingredients Co., Muntons plc, Simpsons Malt Ltd., Bairds Malt Ltd., Crisp Malting Group Ltd., Malteurop Group, Soufflet Group, Muntons Ingredients, and Weyermann Specialty Malts.

Briess Malt & Ingredients Co. is a leading player in the hopped malt extract market. The company offers a wide range of hopped malt extracts for use in beer and other alcoholic beverages. Muntons plc is another major player in the market. The company offers a range of hopped malt extracts for use in beer, wine, and other alcoholic beverages.

Market Challenges

One of the major challenges facing the hopped malt extract market is the increasing competition from other flavoring and coloring agents. The market is also facing challenges from the increasing popularity of non-alcoholic beverages and the growing trend of using natural ingredients in beer production.

Another challenge facing the market is the increasing cost of raw materials. The cost of malted barley and hops has been increasing in recent years, which has led to an increase in the cost of hopped malt extract. This has made it difficult for small and medium-sized breweries to compete with larger breweries.

Market Opportunities

Despite the challenges facing the hopped malt extract market, there are several opportunities for growth. One of the major opportunities is the growing demand for craft beer and the increasing number of microbreweries around the world. The demand for hopped malt extract is also expected to increase due to the growing popularity of flavored beer and the trend of using natural ingredients in beer production.

Another opportunity for growth in the market is the increasing demand for hopped malt extract in the Asia-Pacific region. The region is expected to be the fastest-growing market for hopped malt extract during the forecast period. This is due to the increasing popularity of beer in the region and the growing number of microbreweries.

Future of the Hopped Malt Extract Market

The future of the hopped malt extract market looks promising. The market is expected to grow at a steady pace during the forecast period. The demand for hopped malt extract is expected to increase due to the growing popularity of craft beer and the increasing number of microbreweries around the world.

The market is also expected to benefit from the growing trend of using natural ingredients in beer production. This trend is expected to continue in the coming years, which will drive the demand for hopped malt extract.

Conclusion

The global hopped malt extract market is expected to grow at a steady pace during the forecast period. The market is driven by the increasing demand for craft beer and the growing number of microbreweries around the world. The market is also expected to benefit from the growing trend of using natural ingredients in beer production. Despite the challenges facing the market, there are several opportunities for growth in the coming years.