Hopped Malt Extracts Market is Poised to Exhibit A Moderate 8.1% CAGR through 2025

The global hopped malt extract market size is expected to reach USD 11.73 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 8.1% during the forecast period. Hops are one of the major ingredients used in beer brewing process along with grains, yeast, and water. Hops are used brewing to provide bitterness, balance sweetness of malt sugars, and to add a refreshing finish to the brew.

Aromatic and bittering attributes infused into the finished beer are the major factors driving the demand for hopped malt extracts. This factor is anticipated to fuel growth of the global market. The market growth is primarily attributed to the increasing application of hopped malt in the brewing industry, especially for craft beer. Growing consumer awareness regarding the availability of a broad range of flavors and styles of craft beer with low alcohol by volume percentage.

Cascade hops type segment held the largest market share of about 34.36% in 2018, due to wide application of the product in the brewing industry. This hop is often used in American Pale Ales owing to its superior aroma style profile and acidic attributes. Many super acidic, dry-hopped brews are hopped with this hops variety.

Beverage application segment held the largest market share of more than 70% in 2018. U.K., Germany, and U.S. among other European and American countries are anticipated to drive the growth of the segment. According to a report by the trade organization called The Brewers of Europe, the number of microbreweries in Europe reached over 9500 brewers in 2017. This factor is anticipated to fuel the overall growth of the hopped malt extracts market during the forecast period.

Europe held a market share of about 34% in terms of revenue in 2018, driven majorly by the significant demand for craft beer fron U.K., Germany, Italy, France, and other countries. Beer drinkers from countries such as Poland, France, Italy, Germany, and U.K. are interested in trying out different types of craft beer, such as Indian pale ales or other such varieties. Consumers from Europe are also willing to spend more on craft beer. This factor is anticipated to fuel the demand for hopped malt extracts.

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https://www.grandviewresearch.com/industry-analysis/hopped-malt-extract-market

Further key findings from the report suggest:

·       Asia Pacific is estimated to be hold the largest market share of more than 21% by 2025, majorly driven by high demand and product launches in India and China. The regional market is expected to register a CAGR of 8.8% over the forecast period

·       Cascades hops held the largest market share of about 34.36% in 2018 due to wide product application in the brewing industry

·       Beverage application held the largest market share of more than 70% in 2018

·       Major players operating in the hopped malt extracts market are Muntons, Brewferm, Coopers, BrewDemon, Cerex, Hambleton Bard Ltd., and Mangrove Jacks.

Grand View Research has segmented the global hopped malt extracts market on the basis of type, application and region:

Hopped Malt Extracts Type Outlook (Revenue, USD Million, 2015 - 2025)

·         Cascade

·         Amarillo

·         Centennial

·         Chinook

Hopped Malt Extracts Application Outlook (Revenue, USD Million, 2015 - 2025)

·         Food

·         Beverage

Hopped Malt Extracts Regional Outlook (Revenue, USD Million, 2015 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         Central & South America

·         Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com