HOPPED MALT EXTRACT MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Hopped Malt Extract Market, By Source (Barley, Wheat, Rye, Others), By Form (Liquid, Dry, Others), By Application (Beer, Whisky, Food, Pharma, Others), By Distribution Channel (B2B, B2C, Online, Specialty Stores, Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Hopped Malt Extract Market Regional Insights

North America is expected to be the largest market for hopped malt extract during the forecast period, accounting for over 35% of the market share in 2023. The growth of the market in North America is attributed to the high production and consumption of craft beer and whiskey in the region.
Europe is expected to be the second-largest market for hopped malt extract, accounting for over 25% of the market share in 2023. The growth of the market is attributed to the established food processing and brewing industry in the region.
Asia Pacific is expected to be the fastest-growing market for hopped malt extract, with a CAGR of over 15% during the forecast period. The growth of the market in Asia Pacific is attributed to the rising disposable incomes and rapid urbanization in the region.

Hopped Malt Extract Market Report Snapshots