In recent years, there has been a notable increase in the market for hopped malt extract. Hopped malt extracts are well renowned for giving beers a more complex flavor and fragrance while also giving them a smooth, full-bodied taste. They make it easier and more affordable for craft brewers to produce consistently high-quality beer. Craft brewers can save a significant amount of time and work by using hopped malt extracts instead of malted barley when making beer. Hopped malt extracts are becoming more and more popular among small and mid-sized craft breweries, largely due to their convenience.

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.

Key Takeaways

Key players operating in  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.

The key opportunities in the market include expanding product offerings to cater to the growing demand from home brewers and specialty beer manufacturers. There is also opportunity to develop new hopped malt extracts with different hop varieties and flavor profiles.

Advancements in malt processing technologies have enabled manufacturers to offer hopped malt extracts with consistent quality. New technologies allow for improved hopping procedures that better retain hop aromatic compounds during concentration and drying.

Market Drivers
A key driver for the Hopped Malt Extract Market is the growing popularity of home brewing globally. Young consumers in particular are showing keen interest in craft beer brewing as a hobby. Hopped malt extract has emerged as a convenient ingredient for home brewers seeking consistency and simplicity in the brewing process. The efficient product allows amateur brewers to produce beer comparable to commercially brewed craft beer with minimum effort. This is expected to significantly propel the demand for hopped malt extract over the forecast period.

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