Hopped Malt Extract Market Growth, Trends and Forecasts (2020 - 2025)
|出版商||Mordor Intelligence LLP||商品編碼||922131|
|出版日期||內容資訊||英文 90 Pages
|全球啤酒花麥芽萃取物市場:成長，趨勢，及預測 Hopped Malt Extract Market Growth, Trends and Forecasts (2020 - 2025)|
|出版日期: 2020年01月01日||內容資訊: 英文 90 Pages||
The global hopped malt extract market is projected to register a CAGR of 4.8% during the forecast period (2019-2024).
The global hopped malt extract market is segmented by application (which includes alcoholic beverages, non-alcoholic beverages, food and feed additives); and by geography (which includes North America, Europe, Asia-Pacific, South America and Middle East and Africa).
Growing popularity of craft beer
The demand for the craft brewing and distilling industries have 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 extrct in the beer market space. Moreover, the increasing development of microbreweries and the growing production of craft beer has led to 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.
Europe & North America to drive the market
Countries like United Kingdom, Germany, and United States from the European and North American region is mostly dominating the market owing to the increasing demand for beer in these regions. Also, the government initiatives to incorporate new breweries has been boosting the market growth. These have resulted into 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.
The hopped malt extract market is consolidated in nature having few number of domestic and multinational player competing for market share. Companies focusing on new product launch with healthier ingredients/organic claim along with acquisition, merger, partnership and expansions as their key marketing strategy. For instance, a hopped malt extract kit for homebrewers was launched in cooperation between Baladin and Mr. Malt, which contain a bag of pellets of Amarillo American hops - small cylinders of pulverized and pressed hops.