Europe Hopped Malt Extract Market Size, Share, and COVID-19 Impact Analysis, By Type (Cascade, Amarillo, Centennial, and Chinook), By Application (Beverage and Food), and Europe Hopped Malt Extract Market Insights, Industry Trend, Forecasts to 2033.

Europe Hopped Malt Extract Market Insights Forecasts to 2033

• The Europe Hopped Malt Extract Market Size was valued at USD 3003.30 Million in 2023.
• The Market Size is Growing at a CAGR of 8.44% from 2023 to 2033
• Europe Hopped Malt Extract Market Size is Expected to Reach USD 6749.99 Million by 2033

The Europe Hopped Malt Extract Market Size is Anticipated to Reach USD 6749.99 Million by 2033, Growing at a CAGR of 8.44% from 2023 to 2033

Market Overview

The market for hop-flavored malt extracts in Europe is the area of the food and beverage industry that deals with their production and consumption. Mostly used in brewing, these extracts are made from barley malt and hops and give beer flavor, aroma, and bitterness. Besides brewing, hopped malt extracts are used in the food sector as well, most notably in baked goods, confectionery, and flavoring uses. Growth in the market is fueled by rising craft beer demand as well as the growing acceptance of different beer styles across Europe. Hopped malt extract is an easy way to supply the required hop qualities in brewing without fully utilizing hops, as consumers are requesting more unique and differentiated flavors. Additionally, the use of hopped malt extract has expanded due to the trend in food and beverage toward natural and clean-label products, which emphasizes the extract's purity and minimal processing. Government policies in Europe are crucial for the growth of the European brewing sector. Most European nations offer subsidies and tax breaks to local breweries, promoting the use of high-quality materials like malt extracts. Food and beverage product quality and safety regulations have accelerated the growth of standardized ingredients, creating a favorable environment for innovation and market growth in the European region.

Report Coverage

This research report categorizes the market for the Europe hopped malt extract market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Europe hopped malt extract market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Europe hopped malt extract market.

Driving Factors

The market for hops malt extract in Europe is driven by several factors, including the growing popularity of craft beer and the rising demand from consumers for alcoholic beverages with distinctive. Hopped malt extract offers brewers a quick and easy way to achieve the desired hop flavor, aroma, and bitterness without using large quantities of whole hops. This tendency is particularly noticeable when homebrewers and craft breweries look for new ways to differentiate themselves from the competition. Additionally, because hopped malt extract is seen as a genuine ingredient with little processing, the growing demand for natural and clean-label ingredients in food and beverages supports its use.

Restraining Factors

The market for hopped malt extract faces challenges due to its high price compared to conventional hops, supply chain risks, and limited consumer familiarity. These factors may discourage small breweries and low-budget manufacturers from incorporating it, and may hinder its application in other food and beverage industries if not managed properly.

Market Segmentation

The Europe hopped malt extract market share is classified into type and application.

• The cascade segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

The Europe hopped malt extract market is segmented by type into cascade, amarillo, centennial, and chinook. Among these, the cascade segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Cascade hops, known for their floral, citrus, and grapefruit scent, are popular among brewers, particularly in the craft segment. They are used in various beer varieties, including pale ales and IPAs, which are highly sought after in Europe.

• The beverage segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the application, the Europe hopped malt extract market is divided into beverage and food. Among these, the beverage segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The brewing market is experiencing a surge in demand for hopped malt extract, particularly in craft beers and IPAs. This essential ingredient adds bitterness, flavor, and aroma, and the growing craft beer industry in Europe is driving this demand, solidifying the beverage sector's dominance.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Europe hopped malt extract market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Döhler
• Cargill
• Soufflet Malt
• Muntons
• BarthHaas
• Haas Group
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Europe, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Europe hopped malt extract market based on the below-mentioned segments:

Europe Hopped Malt Extract Market, By Type

• Cascade
• Amarillo
• Centennial
• Chinook

Europe Hopped Malt Extract Market, By Application

• Beverage
• Food