The hopped malt extract market has been growing significantly over the past few years due to the rising popularity of craft breweries. Hopped malt extract is derived from roasted malted barley and is flavored using hops. It provides various advantages over malt on its own such as ease of use, improved flavor stability, and consistent quality. With the growing craft beer trend, hopped malt extracts have become a popular choice among craft brewers as they provide consistent quality and standardized flavors at lower costs compared to whole hops and malt.

The global hopped malt extract market is estimated to be valued at US$ 10.85 Mn in 2024 and is expected to exhibit a CAGR of 6.3% over the forecast period 2024 to 2030.

With ease of use and standardized quality and taste, hopped malt extracts are witnessing increasing usage in craft breweries globally.

Key Takeaways

Key players operating in The Hopped Malt Extract Market are Koninklijke DSM N.V., Muntons plc, Associated British Foods plc, The Malt Company, IREKS GmbH, Doehler, Briess Malt & Ingredients Co., Malteries Soufflet, PureMalt, and Huajia Food Technology.

Some of the major opportunities in the hopped malt extract market include expanding craft beer and new product launches. Craft breweries are innovating with new flavors and styles which is driving the demand for specialized hopped malt extracts. Hopped malt extract manufacturers are also launching new products with varied flavors and styles to cater to the dynamic tastes of craft brewers.

Key players in the hopped malt extract space are focusing on global expansion to tap into the growing demand from international markets. Regions such as Asia Pacific and Latin America are witnessing rising consumption of craft beers which is attracting hopped malt extract manufacturers to setup new production and distribution facilities in these markets. International partnerships and acquisitions are also expected to rise as players look to expand their global footprint.

Market Drivers
Rising popularity of craft beers- Craft beer consumption has been growing globally owing to shifting preference for premium beers with unique flavors. As craft breweries utilize specialized ingredients like hopped malt extracts, their demand is growing significantly.

Consistent quality and standardized flavors- Hopped malt extracts provide craft brewers consistent quality, flavor, aroma with each batch of beer produced. This helps standardized production processes and taste profiles across batches.

Market Restraints
High prices compared to basic malt extracts- Hopped malt extracts have higher prices than basic malt extracts owing to additional processing and ingredients used. This can restrain the market to an extent.

Stringent regulatory environment around food ingredients- Regulatory frameworks around food ingredients and additives vary significantly globally. Compliance to multiple regulations adds compliance costs which can hinder market growth.

Segment Analysis
This hopped malt extract market can be segmented on the basis of form, distribution channel, application and region. In terms of form, liquid hopped malt extract holds the largest market share as liquid form is easily processable and provides rich taste and flavor. Liquid hopped malt extract is dominating the market.

The hopped malt extract market is also segmented based on distribution channel into store-based retailing and online retailing. Store-based retailing dominates the market due to rising number of hypermarkets and supermarkets.

Based on application, the market is segmented into beer, food supplements and others. Beer is estimated to hold the largest share in the application segment as hopped malt extract enhances the flavor and taste of beer.

Global Analysis
Regionally, Europe holds the largest market share attributing to rising number of craft breweries and growing beer consumption in the region. Europe is the dominating as well as fastest growing regional market. North America holds the second largest market share and is growing at a moderate rate. Asia Pacific is anticipated to witness highest growth during forecast period due to rising disposable income, changing lifestyle and growing young population in the region.