Hopped Malt Extract Market Trends

Statistics for the 2023 & 2024 Hopped Malt Extract market trends, created by Mordor Intelligence™ Industry Reports. Hopped Malt Extract trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Team License

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Corporate License

$8750

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Market Trends of Hopped Malt Extract Industry

This section covers the major market trends shaping the Hopped Malt Extract Market according to our research experts:

Growing Popularity of Craft Beer

The demand for the craft brewing and distilling industries has experienced a significant growth during the past few years. Consumers across the world are seeking distinctive and flavorful beers, which is pushing the market for hopped malt extract in the beer market space. Moreover, the increasing development of microbreweries and the growing production of craft beer have led to the growing demand for specialty malts. The National Brewers Association revealed that as of January 2018, the consumption of malt by the US craft brewers was approximately 40% of the total malt consumed by all the brewers in the United States.

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Europe and North America to Drive The Market

Countries, like the United Kingdom, Germany, and the United States from the European and North American region, are mostly dominating the market owing to the increasing demand for beer in these regions. Also, the government initiatives to incorporate new breweries have been boosting the market growth. These have resulted in a double-digit growth till 2017 in the United States, and the number of small, independent breweries, microbreweries, and brewpubs increased to 7,346 in 2018 as per the data revealed by the Brewers Association. Also, according to a report by the trade organization - The Brewers of Europe, the number of microbreweries in Europe reached over 9500 brewers in 2017.

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Hopped Malt Extract Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)