Hopped Malt Extract Market Report 2025

This Hopped Malt Extract market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The hopped malt extract market size has grown strongly in recent years. It will grow from $10.12 billion in 2024 to $11.1 billion in 2025 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to traditional use of hopped malt extract in brewing and homebrewing, growth in the craft beer industry and homebrewing enthusiasts, convenience and time efficiency of using hopped malt extracts.

The hopped malt extract market size is expected to see strong growth in the next few years. It will grow to $15.9 billion in 2029 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to increasing adoption of extract brewing among novice brewers, innovation in hopped malt extract formulations and flavors, demand for gluten-free and allergen-friendly brewing ingredients, sustainable sourcing and production practices for malt and hops, emerging markets and growing beer consumption worldwide. Major trends in the forecast period include single-varietal and single-hop extracts, adjunct ingredients in extracts, functional ingredients and nutraceutical additions, eco-friendly packaging and sustainability, online brewing communities and forums.

The increasing popularity of craft beer is anticipated to drive the growth of the hopped malt extract market in the coming years. Craft beer is defined as beer made in small batches by traditional and independent breweries rather than through mass production. It offers a richer and more distinctive flavor profile compared to other beers, thanks to its unique blend of ingredients. Hopped malt is utilized in craft beer production to impart aromatic and bitter notes to the beverage. For example, in April 2023, the Brewers Association, a US-based trade organization, reported that in 2022, small and independent breweries produced a total of 24.3 million barrels of beer, raising the market share of craft beer by volume to 13.2%, up from 13.1% the previous year. Therefore, the rising popularity of craft beer is propelling the growth of the hopped malt extract market.

The prospective upswing in the hopped malt extract market is expected to be buoyed by the escalating disposable income of consumers. Disposable income, denoting the funds available for spending or saving after tax deductions, significantly influences the hopped malt extract market. The correlation lies in the heightened adoption of Western lifestyles and an increased preference for premium and specialty beers as disposable incomes rise. For example, in July 2023, the Bureau of Economic Analysis reported a marginal yet noteworthy increase of $7.3 billion (less than 0.1 percent) in disposable personal income in the US. This economic trend substantiates the pivotal role of increasing disposable income in fostering the growth of the hopped malt extract market.

New product innovation is becoming increasingly popular in the hopped malt extract market. Key players in the hopped malt extract sector are concentrating on launching new products to maintain their market position. For example, in July 2024, iGulu, a US-based brewery company, introduced the iGulu S1. This product provides a modern approach to home brewing by integrating advanced technology with user-friendly features. Its emphasis on simplicity, safety, and versatility makes it an excellent option for those interested in crafting their own beverages at home.

Prominent entities within the hopped malt extract market are intensifying their efforts to introduce innovative flavored extracts as a strategic move to secure a competitive advantage. Flavored extracts, characterized by concentrated solutions containing essential flavors and aromas from diverse ingredients such as fruits, herbs, spices, or other natural elements, are at the forefront of this trend. An exemplar of this trend is evident in the actions of Abstrax Tech, Inc., a US-based innovator in terpene flavor and fragrance, which, in August 2022, unveiled Optimized Hop Extracts. These extracts, faithfully representing hop characteristics without undesirable notes found in typical dry-hop aroma oils, are meticulously crafted by Abstrax. They empower brewers to attain consistent and high-quality results by capturing the authentic flavors and aromas of specific hop varieties.

In a strategic move observed in January 2022, Monster Beverage Corporation, a prominent US-based beverage company, completed the acquisition of Canarchy Craft Brewery for a significant sum of $330 million. This acquisition strategically positions Monster Beverage Corporation to enhance its beverage portfolio and extend its global product offerings. Notably, Canarchy Craft Brewery, the acquired entity, specializes in the production of hopped malt beer. This strategic acquisition aligns with Monster Beverage Corporation's objectives of portfolio diversification and global expansion within the hopped malt extract market.

Major companies operating in the hopped malt extract market include CereX B.V., Coopers International Limited, Hambleton Bard Ltd., Mangrove Jacks, Muntons Ingredients Plc, BrewDemon Co., Brewtec Bulk Malt, Hopsteiner, Brewferm Ltd., Brewof Brewing Holdings Limited, Brouwland, Black Rock Brewing Company, Briess Malt & Ingredients Company, Koninklijke DSM N.V., Briess Malt & Ingredients Co., Bairds Malt Ltd., Simpsons Malt Ltd., Crisp Malting Group, Weyermann Specialty Malts, Castle Malting SA, Muntons Ingredients Plc, Great Western Malting Co., Rahr Malting Co., Malteurop Groupe, GrainCorp Malt Ltd., Maltexco S.A., Malt Products Corporation, BSG CraftBrewing Group, Yakima Chief Hops, John I. Haas Inc., Barth-Haas Group, Charles Faram & Co. Ltd., Hopco Pty Ltd., Simply Hops Ltd., Crosby Hop Farm LLC, Hop Head Farms, Hop Revolution, Yakima Chief Hops, New Zealand Hops Ltd.

North America was the largest region in the hopped malt extract market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hopped malt extract market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the hopped malt extract market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Hopped malt extract is utilized in brewing to impart both aromatic and bittering qualities to the finished beer. It is a malt extract that simplifies the brewing process by providing consistent flavor profiles and eliminating certain variables for brewers. Hopped malt extract is available in dried and concentrated forms, derived through the crushing and mashing of malted grains.

The primary types of hops in the market include Cascade, Amarillo, Centennial, and Chinook. Cascade hops are employed to enhance the flavor and aroma of beers, particularly ales and pale ales. In the context of hopped malt extract, Cascade refers to an aroma hop with a distinctive grapefruit flavor, medium intensity, and a floral scent. The raw materials used can be sourced from wheat, barley, rice, rye, and others, encompassing both organic and conventional varieties. End-users of hopped malt extract include the brewing industry, alcoholic and non-alcoholic beverage production, baking industry, confectionery, animal feed, and other applications.

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The hopped malt extract market consists of sales of malt grains, hops, yeasts, citrus fruits, spices, sugars. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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