Future Perspective: Key Trends Shaping the Hopped Malt Extract Market up to 2030

The hopped malt extract market is set for significant expansion as consumer preferences evolve and brewing technologies advance. This sector is increasingly benefiting from the rising demand for specialized beers and innovative brewing practices, which are shaping its growth trajectory. Let's explore how the market is expected to develop, who the main players are, and the emerging trends driving change.

Expected Growth Trajectory of the Hopped Malt Extract Market
The hopped malt extract market is projected to experience robust growth, reaching a value of $17.1 billion by 2030. This expansion corresponds to a strong compound annual growth rate (CAGR) of 9.3%. The market's upward trend is fueled by several factors, including growing consumer interest in premium and specialty beers, a wider adoption of organic ingredients in brewing, the proliferation of small and mid-sized breweries, innovations in beer flavor profiles, and an increased application of malt extracts in non-alcoholic beverages. Key trends anticipated during the forecast period include heightened demand for consistent brewing ingredients, broader use of craft brewing solutions, a shift toward organic malt extracts, growth in specialty beer production, and a stronger focus on ensuring flavor stability and improving brewing efficiency.

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Top Companies Leading the Hopped Malt Extract Market
The hopped malt extract industry is dominated by a number of notable companies such as Coopers International Limited, Muntons Ingredients Plc, Hambleton Bard Ltd., Mangrove Jacks, Brewferm Ltd., Black Rock Brewing Company, Briess Malt & Ingredients Company, Malt Products Corporation, Muntons Malted Ingredients, Thomas Fawcett & Sons Ltd., IREKS GmbH, Weyermann Malz GmbH, Castle Malting SA, Simpsons Malt Ltd., Crisp Malting Group, Bairds Malt Ltd., Great Western Malting Co., Rahr Malting Co., Malteurop Groupe, and GrainCorp Malt Ltd.

Significant Acquisition Expanding Global Reach in the Hopped Malt Extract Market
In November 2023, Malteries Soufflet, a France-based malt producer and malting service provider, completed the acquisition of United Malt Group for AUD 1.5 billion. This strategic move aims to establish Malteries Soufflet as a leading global malt platform by substantially increasing its international presence, expanding production capacity, and enhancing service capabilities for both industrial and craft brewers worldwide. United Malt Group, headquartered in Australia, specializes in commercial malt and related services.

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Innovative Trends Shaping the Hopped Malt Extract Market
Leading players in the hopped malt extract market are actively developing new solutions to maintain competitive advantage, focusing on making brewing more accessible and user-friendly. One example is the introduction of advanced home-brewing products designed to streamline the brewing process and improve the overall user experience. For instance, in July 2024, US-based brewery iGulu launched the iGulu S1, a product that merges modern technology with simplicity, safety, and versatility, catering to consumers interested in crafting their own beverages at home.

Key Market Segments Powering Growth in the Hopped Malt Extract Industry
This market is categorized into several important segments to better understand its dynamics:
1) By Form: Liquid Hopped Malt Extract and Dry (Powdered) Hopped Malt Extract
2) By Color: Light Hopped Malt Extract, Amber Hopped Malt Extract, and Dark Hopped Malt Extract
3) By Nature: Organic and Conventional
4) By End-User: Commercial Breweries, Craft Breweries, Homebrewers, Brewpubs, and Microbreweries

Additional sub-segments include:
- For Liquid Hopped Malt Extract: Light, Amber, and Dark varieties
- For Dry (Powdered) Hopped Malt Extract: Light, Amber, and Dark varieties

These classifications highlight the diverse product offerings and applications that are driving demand across various brewing sectors.

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This release was published on openPR.