Press release
Hopped Malt Extract Market Growth Prospects, Future Industry Landscape And Forecast To 2032
Hopped Malt Extract Market
The Business Research Company's Hopped Malt Extract Global Market Report 2023 identifies growing popularity of craft beer as the major driver for the Hopped Malt Extract market's growth in the forecast period. Craft beer refers to beer produced in a traditional and independent brewery in small batches instead of mass production. Craft beer provides a richer and more distinct taste than other beers, having a unique blend of ingredients. Hopped malt is used in the preparation of craft beer to get an aromatic and bittering taste to the beer
The global hopped malt extract market size grew from $8.44 billion in 2022 to $9.38 billion in 2023 at a compound annual growth rate (CAGR) of 11.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The hopped malt extract market size is expected to grow to $13.21 billion in 2027 at a CAGR of 8.9%.
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Major competitors in the Hopped Malt Extract market are Coopers, Hambleton Bard Ltd., Mangrove Jacks, Muntons, BrewDemon, Brewtec Bulk Malt, PAB SRL, Hopsteiner, Brewferm, Brewof Brewing, Brouwland, Black Rock Brewing, and Briess Malt & Ingredients Company
A key trend in the Hopped Malt Extract market includes New product innovation. Major companies operating in the hopped malt extract sector are focused on introducing new products to sustain their position in the market
Read More On The Global Hopped Malt Extract Market Report Here:
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The Hopped Malt Extract market is segmented -
1) By Type: Cascade, Amarillo, Centennial, Chinook
2) By Source: Wheat, Barley, Rice, Rye, Other Sources
3) By Nature: Organic, Conventional
4) By End-User: Brewing Industry, Alcoholic, Non Alcoholic, Baking Industry, Confectionery, Animal Feed, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Hopped Malt Extract market.
The Business Research Company's "Global Hopped Malt Extract Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Hopped Malt Extract Market Include:
1. Executive Summary
2. Hopped Malt Extract Market Characteristics
3. Hopped Malt Extract Market Trends And Strategies
4. Hopped Malt Extract Market - Macro Economic Scenario
5. Hopped Malt Extract Market Size And Growth
......
26. Africa Hopped Malt Extract Market
27. Hopped Malt Extract Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hopped Malt Extract Market
29. Hopped Malt Extract Market Future Outlook and Potential Analysis
30. Appendix
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