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Hopped Malt Extract Market Report 2024-2033: Market Size, Growth, Trends, Demand And Share Analysis | Coopers International Limited, Hambleton Bard Ltd., Mangrove Jacks, Muntons Ingredients PLC, Brewtec Bulk Malt
Hopped Malt Extract Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Hopped Malt Extract industry. This report on Hopped Malt Extract market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The hopped malt extract market size has grown strongly in recent years. It will grow from $9.23 billion in 2023 to $10.12 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to traditional use of hopped malt extract in brewing and homebrewing, growth in the craft beer industry and homebrewing enthusiasts, convenience and time efficiency of using hopped malt extracts availability of a wide range of malt varieties and hop combinations, expansion of microbreweries and homebrew supply stores. The hopped malt extract market size is expected to see strong growth in the next few years. It will grow to $14.55 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%.
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Key Market Players:
Coopers International Limited, Hambleton Bard Ltd., Mangrove Jacks, Muntons Ingredients PLC, Brewtec Bulk Malt are prominent players in the Hopped Malt Extract industry.
Market Drivers:
According to the Hopped Malt Extract Market Report 2024 by The Business Research Company, The hopped malt extract market size has grown strongly in recent years. It will grow from $9.23 billion in 2023 to $10.12 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to traditional use of hopped malt extract in brewing and homebrewing, growth in the craft beer industry and homebrewing enthusiasts, convenience and time efficiency of using hopped malt extracts availability of a wide range of malt varieties and hop combinations, expansion of microbreweries and homebrew supply stores. The hopped malt extract market size is expected to see strong growth in the next few years. It will grow to $14.55 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%.
More information about the Global Hopped Malt Extract Market Report -
https://www.thebusinessresearchcompany.com/report/hopped-malt-extract-global-market-report
Market segments for Hopped Malt Extract include:
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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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