The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Hopped Malt Extract Global Market Report 2024 offers crucial insights into the hopped malt extract market help businesses analyse and build stronger strategies.

Current Growth

• The hopped malt extract market has witnessed robust growth, climbing from $9.23 billion in 2023 to $10.12 billion in 2024.
• Impressive CAGR of 9.7% in the current period.
• Growth attributed to the traditional use of hopped malt extract in brewing, the craft beer industry surge, and the convenience of using hopped malt extracts.

Future Projections

• Anticipated growth to $14.55 billion in 2028.
• Expected CAGR of 9.5% in the forecast period.
• Factors driving growth include the increasing adoption of extract brewing, innovation in formulations, demand for gluten-free brewing ingredients, and sustainable sourcing practices.

Elevated Disposable Income Fuels Market Growth

Influence of Disposable Income

• Rising disposable income globally is expected to boost the hopped malt extract market.
• Increased disposable income contributes to the adoption of Western lifestyles and a growing demand for premium and specialty beers.

Impact on Market

• In July 2023, the Bureau of Economic Analysis reported a slight increase in disposable personal income in the US.
• Growing disposable income is a driving force behind the hopped malt extract market’s growth.

Key Market Players

• Major companies in the hopped malt extract market include:
  • CereX B.V.
  • Coopers International Limited
  • Mangrove Jacks
  • Brewferm Ltd.
  • Briess Malt & Ingredients Co.
  • And more.

Read The Full Hopped Malt Extract Market Report Here:

https://www.thebusinessresearchcompany.com/report/hopped-malt-extract-global-market-report

Innovative Products Transforming the Market

Emphasis on Innovation

• New product innovation is a key trend in the hopped malt extract market.
• Companies focus on introducing novel products to sustain their market position.

Muntons’ Home-Brew Kits

• In June 2021, Muntons launched a range of home-brew kits packed with hops and adjuncts.
• The kit includes premium hop pellets for dry-hopping and a hop straining bag, providing an authentic taste.
• This innovation caters to the growing trend of homebrewing.

Strategic Acquisitions Driving Market Expansion

Monster Beverage Corporation and Canarchy Craft Brewery

• In January 2022, Monster Beverage Corporation acquired Canarchy Craft Brewery for $330 million.
• The acquisition expands Monster’s beverage portfolio and global product offerings.
• Canarchy Craft Brewery is a significant player in the hopped malt beer segment.

Market Leaders

• Major companies in the hopped malt extract market continue to play a pivotal role in shaping the industry.
• Monster Beverage Corporation’s strategic acquisition reflects the dynamic nature of the market.

Market Segmentation and Regional Dynamics

• The hopped malt extract market is segmented based on:
  1. Type: Cascade, Amarillo, Centennial, Chinook
  2. Source: Wheat, Barley, Rice, Rye, Other Sources
  3. Nature: Organic, Conventional
  4. End-User: Brewing Industry, Alcoholic, Non-Alcoholic, Baking Industry, Confectionery, Animal Feed, Other End-Users
• In 2023, North America emerged as the largest region in the hopped malt extract market, with Asia-Pacific expected to be the fastest-growing region in the forecast period.

Get A Free Sample On The Global Hopped Malt Extract Market Report:
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The Hopped Malt Extract Global Market Report 2024  provides a comprehensive outlook of the hopped malt extract market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The hopped malt extract market forecast offers a thorough analysis on hopped malt extract market size, hopped malt extract market share, prominent players and their strategies.

The Table Of Content For The Hopped Malt Extract Market Include:
1. Hopped Malt Extract Market Executive Summary
2. Hopped Malt Extract Market Segments
3. Hopped Malt Extract Market Size And Hopped Malt Extract Market Growth Rate
4. Key Hopped Malt Extract Market Trends
5. Major Hopped Malt Extract Market Drivers
……
25. Key Mergers And Acquisitions In The Hopped Malt Extract Market
26. Top Hopped Malt Extract Companies
27. Hopped Malt Extract Market Opportunities And Strategies
28. Hopped Malt Extract Market, Conclusions And Recommendations
29. Appendix

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