Global Hopped Malt Extract Market Consumer Trends, Product Types, Applications and End-use Market Size & Shares, Global Market Growth Rate, and Forecast till 2029
“Global Hopped Malt Extract Market Consumer Trends, Product Types, Applications and End-use Market Size & Share, Global Market Growth Rate, and Forecast till 2029” is the title of an upcoming report at MarketResearch.biz. In the report, various aspects and scenarios, current and future have been examined and understood thoroughly to arrive at all findings. The outcome and analysis in the report offers in-depth insights about the global hopped malt extract market, and focuses on findings related to available product types, applications, challenges, ongoing consumer trends and others. Furthermore, sales and growth factors are showcased, along with key industry trends, restraints, Y-O-Y growth, Compounded Annual Growth Rate (CAGR), as well as future forecast & opportunity map analysis. In addition to this, and to offer demand and supply this of view, the PEST analysis, Porter’s Five Forces analysis, and value chain analysis have been created and presented in the final version of the report. A huge volume of data has been validated thoroughly and added in the report for strengthening the findings, and the report. Furthermore, this report includes details in terms of revenue and growth rates for each of the segments and regions, as well as major countries. Company profiles of key players include their revenues, strategies, recent developments, business segments, acquisitions, and mergers, revenue and change in growth rate (percentage), launch-announcements, etc. The global hopped malt extract market report has been segmented on the basis type, application, and regions and countries.
Hopped malt extract, also referred to as "pre-hopped is used as an ingredient in the preparation of beer. Hops provide bitterness, balance sweetness of malt sugars, and impart a refreshing finish to the brew. Hopped malt extract imparts the required aroma and bitterness to finished beverages and is an essential ingredient to beer. Brewing grains are soaked in water to accelerate germination, after which the material is mashed. The process entails mashing or crushing the malted barley through a grain mill, and adding to water, followed by extraction. The taste of malt can be described as having a combination of flavors, including sweet and nutty, and can also be akin to tasting similar to toast, caramel, coffee or fruits like raisins.
Among some of the major factors driving preference for beer over other alcoholic beverages and drinks is a rising awareness regarding the associated health hazards of long-term consumption. An increasing number of consumers have been shifting towards more mild drinks with lower alcohol levels in the recent past. Demand for some alcoholic drinks, especially whiskies, rums, vodkas, and other drinks with high alcohol levels, has been steadily reducing, and demand and preference for more mild drinks has been witnessing a significant increase. Another major factor driving demand for beer among an increasing number of consumers, especially millennials, is the development and introduction of a range of flavors to choose from. Brewing a broad range of flavors and styles of craft beers with low percentage of Alcohol by Volume (ABV), is expected to further fuel demand for beer. Rising adoption of hopped malt in baked products, breakfast cereals, confectionery, and other food applications is expected to continue to fuel growth of the global hopped malt extract market. Moreover, rising application in non-alcoholic beverages is expected to contribute to increasing demand. Small breweries rely majorly on hopped malt extract to produce beers infused with new flavor and brewing techniques to attract consumers. Rising demand for craft beers is expected to drive the deployment of new breweries, thereby creating newer and more robust growth prospects in the market. Beers such as stouts and India pale ales are produced using hopped malt extracts. Lack of raw material supply is projected to serve as a driver as well as restraint to growth the global hopped malt extract market to some extent. Increasing production of various malts, including oat, barley, and wheat is projected to create new business opportunities in the near future. Opportunities in the market present themselves in the form of need for improvements in supply and introduction of less perishable malt extract varieties, which opens up potential to develop and introduce more tastes and flavors in the market. Major beer distilleries can explore strategic agreements and collaborations with hopped malt extract producers to gain a competitive edge in the market.
By Application: The beverage segment in the global hopped malt extract market accounts for largest revenue share of over 70% currently. Beverages, alcoholic drinks in particular, account for majority revenue in the overall market.
Consumers in countries in North America are avid beer consumers, and the market in the region is projected to continue to register a significantly high revenue growth rate over the forecast period. Beer has, and continues to remain part of tradition in many celebrations, events, recreational past times, and also a part of daily or weekly trend. Beer manufacturers promote their respective brands and sponsor major events in these countries and the beer tradition continues to gain traction in the countries in the region. The market in Europe accounts for revenue share in the global hopped malt extract market, with demand and consumption of beer supported to a significant extent by consumers in the UK, Germany, Italy, France, and other countries in the region. Beer consumers in countries, such as Poland, France, Italy, Germany, and the UK have a specific brand or preference for a particular taste, but are known to explore different types of craft beer.
The market in Asia Pacific is expected to register the fastest CAGR in future, majorly attributed to rising demand and preference for beer with low alcohol percentage. This is more prominent among consumers in countries such as China and India. According to survey results and studies, China is not only a major country in terms of revenue share and consumption volume in the global beer market, but is also listed among the top 13 beer consumers in the world.
Global Hopped Malt Extract Market Segmentation:
Segmentation by Type:
Segmentation by Application:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Hambleton Bard Ltd.
- Mangrove Jacks Accenture
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