Hopped malt extract is a versatile ingredient commonly used in the brewing industry. It is made by extracting the flavors and aromas from hops and combining them with malt extract. This unique combination gives hopped malt extract its distinct bitter taste and adds complexity to the final product.
The hopped malt extract market is driven by several factors. Firstly, the growing demand for craft beer and homebrewing is fueling the need for hopped malt extract. Consumers are increasingly seeking unique and flavorful beers, and hopped malt extract provides brewers with the ability to experiment with different hop varieties and flavors.
Another driver of the hopped malt extract market is the convenience it offers to brewers and other end-users. Hopped malt extract eliminates the need for time-consuming and labor-intensive processes such as mashing and boiling, making it an attractive option for small-scale breweries and homebrewers.
However, the market also faces certain restraints. One of the main challenges is the availability and cost of high-quality hop varieties. The demand for hops has been increasing, leading to potential shortages and higher prices. This can impact the production and availability of hopped malt extract.
Despite these challenges, the hopped malt extract market also presents several opportunities. Manufacturers are focusing on product innovation and introducing new flavors to cater to changing consumer preferences. Additionally, there is a growing demand for hopped malt extract in emerging markets, presenting potential growth opportunities for market players.
Key features of the study:
- This report provides in-depth analysis of the global hopped malt extract market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global hopped malt extract market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Koninklijke DSM N.V., Muntons plc, Associated British Foods plc, The Malt Company, IREKS GmbH, Doehler, Briess Malt & Ingredients Co., Malteries Soufflet, PureMalt, and Huajia Food Technology
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global hopped malt extract market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global hopped malt extract market
Hopped Malt Extract Market Detailed Segmentation:
- By Source
- Others (oats, rice, corn etc.)
- By Form
- Others (capsules, tablets etc.)
- By Application
- Beer Production
- Whisky Production
- Food Industry
- Others (cosmetics, animal feed etc.)
- By Distribution Channel
- Business to Business
- Business to Customers
- Online Channels
- Specialty Stores
- Top companies in Hopped Malt Extract Market
- Koninklijke DSM N.V.
- Muntons plc
- Associated British Foods plc
- The Malt Company (India) Pvt. Limited
- IREKS GmbH
- Briess Malt & Ingredients Co.
- Malteries Soufflet
- Huajia Food Technology