Hopped Malt Extract Market

Hopped Malt Extract Market Outlook from (2023 to 2033)

The global Hopped Malt Extract market is expected to reach a market valuation of US$ 6,754 million by 2023, recording a CAGR of 5.3% from 2023 to 2033.

Hop is a primary component used in beer production, along with grains, yeast, and water. It provides bitterness, counterbalancing the sweetness of malt sugars, and lends a refreshing finish to the beer. The demand for hopped malt extract is expected to rise due to its ability to add aroma and bitterness to final beverages. Furthermore, the market is predicted to expand due to the increasing acceptance of hop in various food applications, such as baking, breakfast cereals, confectionery, and other food products. Additionally, the demand for hop is expected to grow in non-alcoholic beverages.

Hopped Malt Extract Market Size (2023E)	US$ 6,754 million
Hopped Malt Extract Market Projected Size (2033F)	US$ 10,842 million
Value CAGR (2023 to 2033)	5.3%
Top 3 Countries Marketing Share	69%

Hopped malt extract is a crucial ingredient for small breweries, particularly for creating unique beer styles that attract customers. Additionally, the growing consumer preference for artisanal beers is expected to further drive this sector's growth. The demand for this type of beer is expected to contribute to the expansion of the market, as the desired malt extract is primarily used in Indian pale and stout beers.

In our new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights into key factors driving demand for Hopped Malt Extract.

How Has the Market Progressed So Far in 2022?

Market Statistics	Details
Jan–Jun (H1), 2021 (A)	5.2%
Jul–Dec (H2), 2021 (A)	5.3%
Jan–Jun (H1),2022 Projected (P)	5.4%
Jan–Jun (H1),2022 Outlook (O)	5.4%
Jul–Dec (H2), 2022 Projected (P)	5.5%
Jul–Dec (H2), 2022 Outlook (O)	5.8%
Jan–Jun (H1), 2023 Projected (P)	5.7%

Historic v/s Future Outlook Comparison for Hopped Malt Extract?

Over the last five years, there has been a noticeable increase in the market for craft brewing. The market for hopped malt extract in the beer sector is driven by consumers' desire for distinctive and tasty beers across the globe. Also, the demand for speciality malts is rising as a result of the growth of microbreweries and craft beer manufacturing. Common materials like malted barley are frequently used to make craft beer. For instance, according to the Brewers Association, 27% of the $100 billion US in beer sales in 2021 came from the craft beer industry.

These elements fueled the market's expansion for hopped malt extract. Also, the growing use of hopped malt extract in the production of non-alcoholic beverages fuels market expansion.

Preferred by Small Breweries

Small or microbreweries struggle to enter the market and compete with the established major brewers due to high startup costs or the restrictions of franchising. Yet, in order to introduce new techniques and innovations in beer to attract customers, these tiny brewers are now relying on hopped malt extract to manufacture their brews. Microbrewers rely heavily on hops for such breakthroughs. Stouts and India Pale Ales, for instance, rely significantly more on hopped malt extracts than other types of beer. Small breweries' increased demand for hopped malt extract is stimulating the market for the product and boosting sales.

Comparative View of Associated Market

Wheat Malt Market:

Attributes	Wheat Malt Market
CAGR (2023 to 2033)	3.9%
Market Value (2023)	US$ 1,293 million
Growth Factor	It is well known that wheat malt has more protein than barley malt. Wheat is the second most prevalent malted grain used in brewing. Malted wheat is used to make both beer and whisky.
Key Trend	Because wheat beer is more popular in the summer and goes well with light meals and seafood, wheat malt is also used to produce beer.

Caramel Malt Market:

Attributes	Caramel Malt Market
CAGR (2023 to 2033)	4%
Market Value (2023)	US$ 1,066 million
Growth Factor	Market vendors offer a large selection of caramel malt. So, while preparing malt beverages, customers can choose the caramel malt variation based on their demands.
Key Trend	The caramel malt is utilized in the brewery because it imparts a flavor resembling dextrin and enhances several aspects of beer, including head retention and foam.

Country-wise Insights

How the Sales of Hopped Malt Extract Market Shaping in North America?

Due to the rising demand for beer in these regions, the North American region mostly dominates the industry. Moreover, the government's efforts to welcome new breweries have accelerated industry expansion. According to Brewers Association data, these factors contributed to a double-digit expansion in the number of small, independent brewers, microbreweries, and brewpubs in the United States up until 2017. As of 2018, there were 7,346 of these establishments.

Why is there a Rising Demand for Hopped Malt Extract in Asia Pacific?

From 2023 to 2033, Asia Pacific is anticipated to grow at the quickest rate, mostly due to China and India's increasing consumption of flavored drinks with low alcohol content. China was identified as the main nation in terms of market share and consumption, as well as being one of the top 13 beer consumers worldwide, in Kirin Beer University's December 2017 research on global beer consumption. The demand for hopped malt extract in the region is expected to increase as a result of this scenario.

How Big is the European Market for Hopped Malt Extract?

By 2023, Europe owned a sizable portion of the global market, largely due to the rapid growth in demand for craft beer in the UK, Germany, Italy, France, and other nations. Beer drinkers from nations like Poland, France, Italy, Germany, and the UK are eager to try out various craft beers, including Indian Pale Ales and other pale ales, and they're also willing to spend more money on them. In the upcoming years, it is anticipated that this element will fuel regional market expansion.

Category-wise Insights

The Major Market Share of the Food and Beverage Industry

Food and beverage segments of the market are dispersed. With a market share of more than 70.0%, the beverage segment dominated the market. Alcoholic beverages played a significant role in this segment's rising demand. Thus, these elements are anticipated to fuel this market's expansion over the coming several years. Market expansion is anticipated in North American and European nations like the USA, Germany, and the UK Also, the government encourages the construction of new breweries to boost employment in nations like China, India, Mexico, Belgium, and New Zealand, which is anticipated to significantly fuel market expansion in the near future.

Cascade Category

Due to the wide range of applications in the brewing sector, the cascade category held the greatest market share of more than 34.0% in 2018. Due to its better scent and acidic nature, this product is primarily employed in American pale ales, a market that is predicted to increase favorably.

Competitive Landscape

• A US-based beverage corporation called Monster Beverage Company paid $330 million to acquire Canarchy Craft Brewery in January 2022. With the inclusion of Canarchy and its brands to Monster Beverage Corporation's beverage portfolio and an expansion of its product offerings internationally, the agreement will benefit Monster Beverage Corporation.
• A new line of home-brew kits that are jam-packed with hops and adjuncts, including premium hop pellets for dry-hopping and a hop straining bag, was introduced by UK-based producer Muntons in June 2021. This kit is made utilizing German beer-making equipment, which gives the finished product a genuine flavor.

Scope of the Report

Attribute	Details
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	US$ million for Value and Metric Ton for Volume
Key Regions Covered	North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa
Key Countries Covered	United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others.
Key Segments Covered	End Use, Type, Source, Nature, and Region
Key Companies Profiled	BSG Hopsteiner Muntons Brouwland Coopers BrewDemon
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Hopped Malt Extract Market by Category

By End Use :

• Brewing Industry
• Alcoholic
• Non-Alcoholic
• Baking Industry
• Confectionery
• Animal Feed
• Pharmaceutical Industry

By Type:

• Liquid
• Solid
• Powdered
• Pellets

By Source:

• Wheat
• Barley
• Rice
• Rye
• Others (oats and cereal mixes)

By Nature:

• Conventional
• Organic

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

Frequently Asked Questions

What is the global Hopped Malt Extract Market reported by FMI for 2023?

The Hopped Malt Extract Market is valued at US$ 6,754 million for 2023.

What is the Hopped Malt Extract Market valuation expected for 2033?

The Hopped Malt Extract Market valuation is expected to be US$ 10,842 million in the year 2023.

What is the projected CAGR for the Hopped Malt Extract Market from 2023 to 2033?

The value of CAGR for the Hopped Malt Extract Market is estimated to be 5.3%.

Which industry type will garner significant value share by 2023?

The beverage industry would garner a significant market value share by 2023.