Market Size of Hopped Malt Extract Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.80 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Hopped Malt Extract Market Analysis
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.
