Hopped Malt Extract Market: Flourishing at a CAGR of 9.7% between 2024-2025

The robust progression seen in the craft beer and homebrewing industry is creating noteworthy opportunities in the hopped malt extract market.

What Is The Projected Market Size Of The Global Hopped Malt Extract Market And Its Growth Rate?
o The hopped malt extract market size, valued at $10.12 billion in 2024, promises strong growth to $11.1 billion in 2025 at a compound annual growth rate (CAGR) of 9.7%.
o The market owes its growth to the traditional use of hopped malt extract in brewing and homebrewing, and the progression of the craft beer industry and homebrewing enthusiasts.
o Expected to reach $15.9 billion in 2029 at a compound annual growth rate (CAGR) of 9.4%, future growth will be heeded by extract brewing adoption amongst novice brewers and innovations in hopped malt extract mechanisms and flavors.

What Is Driving The Growth In The Hopped Malt Extract Market?
The rising popularity of craft beer is expected to trigger growth in the hopped malt extract market. Used extensively to add a distinct and uniquely flavored taste to craft beer, the demand for hopped malt extract has surged with the growth in the craft beer sector. According to the Brewers Association, in 2022 small and independent breweries produced a total of 24.3 million barrels of beer, thus driving the craft beer market share up to 13.2%, a noticeable increase from 13.1% a year earlier.

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Who Are The Key Players Driving Hopped Malt Extract Market Growth?
o Coopers International Limited
o Hambleton Bard Ltd.
o Mangrove Jacks
o Muntons Ingredients Plc
o BrewDemon Co.
o Brewtec Bulk Malt
o Brewferm Ltd.
o Brouland
o Castle Malting SA

What Are The Key Trends In The Hopped Malt Extract Market?
o Growing adoption of single-varietal and single-hop extracts.
o Introduction of adjunct ingredients in extracts.
o Use of functional ingredients and nutraceutical additions.
o Inclination towards eco-friendly packaging and sustainable production practices.
o Growth of online brewing communities and forums.

What Are The Segments Of The Global Hopped Malt Extract Market?
o By Type: Cascade, Amarillo, Centennial, Chinook
o By Source: Wheat, Barley, Rice, Rye, Other Sources
o By Nature: Organic, Conventional
o By End-User: Brewing Industry, Alcoholic, Non Alcoholic, Baking Industry, Confectionery, Animal Feed, Other End-Users

Which Region Leads The Hopped Malt Extract Market?
North America was the largest region in the hopped malt extract market in 2024. However, with Asia-Pacific anticipated to be the fastest-growing region in the forecast period, it poses a promising prospect for the hopped malt extract market.

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What Is Covered In The Hopped Malt Extract Market Global Market Report?
- Market Size Analysis: Analyze the Hopped Malt Extract Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Hopped Malt Extract Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Hopped Malt Extract Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Hopped Malt Extract Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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