Innovative Products Transforming The Hopped Malt Extract Market Trend: A Crucial Influence on the Hopped Malt Extract Market's Transformation in 2025

What combination of drivers is leading to accelerated growth in the hopped malt extract market?
The increased interest in craft beer is set to fuel the expansion of the hopped malt extract market in the future. Craft beer, characterized by its production in small, independent, traditionally-run breweries rather than large-scale mass production units, offers a superior and remarkable flavor compared to its counterparts, thanks to its unique ingredient mix. Hopped malt, a vital ingredient in the brewing of craft beer, imparts a distinctive bittering and aromatic taste to the beer. For example, as per the Brewers Association, a US-based industry group, small and independent breweries created a whopping 24.3 million barrels of beer in 2022, expanding the market volume share of craft beer to 13.2%, a slight increase from 13.1% the previous year. Hence, the burgeoning trend of craft beer is the driving force behind the growth of the hopped malt extract market.

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What is the projected compound annual growth rate (CAGR) of the hopped malt extract market from 2025 to 2034, and what factors influence it?
The market size for hopped malt extract has experienced substantial growth in the recent past. The market, which stood at $10.12 billion in 2024, is predicted to increase to $11.1 billion in 2025, indicating a compound annual growth rate (CAGR) of 9.7%. Factors contributing towards this growth in the historical period include the traditional role of hopped malt extract in brewing and homebrewing, rising interest in the craft beer sector and homebrewing hobbyists, and the time-saving and convenient usage of hopped malt extracts.

The market for hopped malt extract is set for robust expansion in the coming years, with its value predicted to reach $15.9 billion by 2029, boasting a compound annual growth rate (CAGR) of 9.4%. Several factors are contributing to this projected surge during the forecasting period, such as an uptick in the use of extract brewing among beginners, the innovation in hopped malt extract formulations and flavors, increased demand for brewing ingredients that are gluten-free and friendly to those with allergies, and practices that promote sustainable sourcing and production of malt and hops. Other critical drivers include emerging markets and a global rise in beer consumption. Noteworthy trends in the forecast period encompass single-hop and single-varietal extracts, adjunct ingredients in extracts, additions of functional ingredients and nutraceuticals, eco-conscious packaging and sustainability methods, as well as the growth of online communities and forums dedicated to brewing.

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How are the latest trends influencing the growth of the hopped malt extract market?
In the hopped malt extract market, novel product innovation is gaining considerable traction. Top corporations in this sector are keen on launching new items to maintain their market standing. For instance, iGulu, a brewery company from the US, in July 2024, launched the iGulu S1. It provides a unique perspective on home brewing, merging cutting-edge technology with user-friendly aspects. Its emphasis on ease, safety, and adaptability makes it an excellent option for those eager to create their own homemade beverages.

What are the major segments of the hopped malt extract market and their role in driving growth?
The hopped malt extract market covered in this report 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

Subsegments:
1) By Cascade: Cascade Hopped Malt Extract For Ales, Cascade Hopped Malt Extract For IPAs
2) By Amarillo: Amarillo Hopped Malt Extract For Ales, Amarillo Hopped Malt Extract For Specialty Beers
3) By Centennial: Centennial Hopped Malt Extract For IPAs, Centennial Hopped Malt Extract For Pale Ales
4) By Chinook: Chinook Hopped Malt Extract For Ales, Chinook Hopped Malt Extract For Stouts And Porters

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Which regions are key players in the growth of the hopped malt extract market?
North America was the largest region in the hopped malt extract market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hopped malt extract market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the key firms paving the way for growth in the hopped malt extract market?
Major companies operating in the hopped malt extract market include Cere*X B.V., Coopers International Limited, Hambleton Bard Ltd., Mangrove Jacks, Muntons Ingredients Plc, BrewDemon Co., Brewtec Bulk Malt, Hopsteiner, Brewferm Ltd., Brewof Brewing Holdings Limited, Brouwland, Black Rock Brewing Company, Briess Malt & Ingredients Company, Koninklijke DSM N.V., Briess Malt & Ingredients Co., Bairds Malt Ltd., Simpsons Malt Ltd., Crisp Malting Group, Weyermann Specialty Malts, Castle Malting SA, Muntons Ingredients Plc, Great Western Malting Co., Rahr Malting Co., Malteurop Groupe, GrainCorp Malt Ltd., Maltexco S.A., Malt Products Corporation, BSG CraftBrewing Group, Yakima Chief Hops, John I. Haas Inc., Barth-Haas Group, Charles Faram & Co. Ltd., Hopco Pty Ltd., Simply Hops Ltd., Crosby Hop Farm LLC, Hop Head Farms, Hop Revolution, Yakima Chief Hops, New Zealand Hops Ltd.

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What Is Covered In The Hopped Malt Extract Global Market Report?

•Market Size Forecast: Examine the hopped malt extract market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the hopped malt extract market for a structured understanding.
•Key Players Overview: Analyze major players in the hopped malt extract market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the hopped malt extract market.
•Segment Contributions: Evaluate how different segments drive overall growth in the hopped malt extract market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the hopped malt extract market.
•Industry Challenges: Identify potential risks and obstacles affecting the hopped malt extract market.
•Competitive Landscape: Review strategic developments in the hopped malt extract market, including expansions, agreements, and new product launches.

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