Hopped Malt Extract Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Hopped Malt Extract Market is segmented by Application (Food and Beverages, Pharmaceuticals, Cosmetics and Personal Care, and Animal Feed), and by Geography.

Market Snapshot

Summary
Study Period:

2016 - 2026

Base Year:

2020

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

4.8 %

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Market Overview

The hopped malt extract market is projected to register a CAGR of 4.8% during the forecast period (2020 - 2025).

  • The market is driven by the increasing demand in brewing industries, especially for the manufacturing of craft beer. Also, its rising application in non-alcoholic beverages processing is contributing to the growth of the market. Additionally, the major opportunity it provides is its application in baking, breakfast cereals, confectionery, and other food applications according to research, although it has not been much used until now, it is anticipated to fuel the market growth in the forecasted period.
  • However, less awareness of the wide range of applications offered by the hopped malt extract and lack of raw materials supply are the few of the major factors restraining the market.

Scope of the Report

The hopped malt extract market is segmented by application into food and beverages, pharmaceuticals, cosmetics and personal care, and animal feed. The food and beverage segment is further bifurcated into alcoholic beverages, non-alcoholic beverages, and bakery. Also, the study provides an analysis of the hopped malt extract market in the emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

Application
Food and Beverages
Alcoholic Beverages
Non-alcoholic Beverages
Baked Goods
Pharmaceuticals
Cosmetics and Personal Care
Animal Feed
By Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
South Africa
Saudi Arabia
Rest of Middle-East and Africa

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Key Market Trends

Growing Popularity of Craft Beer

The demand for the craft brewing and distilling industries has experienced a significant growth during the past few years. Consumers across the world are seeking distinctive and flavorful beers, which is pushing the market for hopped malt extract in the beer market space. Moreover, the increasing development of microbreweries and the growing production of craft beer have led to the growing demand for specialty malts. The National Brewers Association revealed that as of January 2018, the consumption of malt by the US craft brewers was approximately 40% of the total malt consumed by all the brewers in the United States.

Hopped Malt Extract Market1

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Europe and North America to Drive The Market

Countries, like the United Kingdom, Germany, and the United States from the European and North American region, are mostly dominating the market owing to the increasing demand for beer in these regions. Also, the government initiatives to incorporate new breweries have been boosting the market growth. These have resulted in a double-digit growth till 2017 in the United States, and the number of small, independent breweries, microbreweries, and brewpubs increased to 7,346 in 2018 as per the data revealed by the Brewers Association. Also, according to a report by the trade organization - The Brewers of Europe, the number of microbreweries in Europe reached over 9500 brewers in 2017.

Hopped Malt Extract Market2

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Competitive Landscape

The hopped malt extract market is consolidated in nature having a few numbers of domestic and multinational players competing for market share. Companies focusing on new product launches with healthier ingredients/organic claims along with acquisition, merger, partnership, and expansions as their key marketing strategy. For instance, a hopped malt extract kit for homebrewers was launched in cooperation between Baladin and Mr. Malt, which contain a bag of pellets of Amarillo American hops - small cylinders of pulverized and pressed hops.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Food and Beverages

        1. 5.1.1.1 Alcoholic Beverages

        2. 5.1.1.2 Non-alcoholic Beverages

        3. 5.1.1.3 Baked Goods

      2. 5.1.2 Pharmaceuticals

      3. 5.1.3 Cosmetics and Personal Care

      4. 5.1.4 Animal Feed

    2. 5.2 By Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

        4. 5.2.1.4 Rest of North America

      2. 5.2.2 Europe

        1. 5.2.2.1 Spain

        2. 5.2.2.2 United Kingdom

        3. 5.2.2.3 Germany

        4. 5.2.2.4 France

        5. 5.2.2.5 Italy

        6. 5.2.2.6 Russia

        7. 5.2.2.7 Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 China

        2. 5.2.3.2 Japan

        3. 5.2.3.3 India

        4. 5.2.3.4 Australia

        5. 5.2.3.5 Rest of Asia-Pacific

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Middle-East and Africa

        1. 5.2.5.1 South Africa

        2. 5.2.5.2 Saudi Arabia

        3. 5.2.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 P.A.B. srl - Mr. Malt

      2. 6.3.2 Hambleton Bard Ltd

      3. 6.3.3 CereX BV

      4. 6.3.4 Brewtec Bulk Malt

      5. 6.3.5 BrewOf Brewing Ingredient Supply

      6. 6.3.6 Muntons plc

      7. 6.3.7 Demon Brewing Co.

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Hopped Malt Extract Market market is studied from 2016 - 2026.

The Hopped Malt Extract Market is growing at a CAGR of 4.8% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

  • P.A.B. srl - Mr. Malt
  • Hambleton Bard Ltd
  • CereX B.V.
  • Brewtec Bulk Malt
  • BrewOf Brewing Ingredient Supply

Are the major companies operating in Hopped Malt Extract Market.

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