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Asia Pacific Hopped Malt Extract Market By Product Type (Organic, Conventional) And By Application (Food and Drink, Alcohol, Pharmaceutical), By Region – Global Industry Size, Growth, Share, Trends, Demand, and Competitive Analysis Forecast Report 2022 to 2027

Published: March, 2023
ID: 9485
Pages: 130
Formats: report pdf report excel report power bi report ppt

Asia Pacific Hopped Malt Extract Market Share Analysis:

Asia Pacific Hopped Malt Extract Market is foreseen to register moderate growth, posting a CAGR of about 9% over the forecast period 2022 - 2027.

Malt extract is the concentrated or dry form of an unfermented must. Its production involves the grinding and maceration of malted grains, the separation of the must from the spent grains, then its concentration and dehydration. This extract turns into hops malt extract when hops have been included and they are available in both liquid and solid forms. Hopped malt extract offers a distinct flavor because of the process involved in concentration during its making. The aromatic and bitter properties that hopped malt extract brings to finished beer prove to be a factor that stimulates the demand for hopped malt extract and therefore increases its market sales. Apart from the brewing industry, hopped malt extract also has various applications, such as bakery and confectionery, cereals and sugar substitutes. Furthermore, the use of hopped malt extract for the production of soft drinks by the beer industries positively stimulates the growth of the Asia Pacific hopped malt extract market.

Recent Developments:

In August 2015, the malt extract market increased in quality when the Mr. Beer brewery was acquired by Coopers, an Australian hopped malt extract brewery and producer in 2012. A hopped malt extract kit was introduced especially for recreational brewers in association between Baladin and Mr. Malt, containing a bag of Yellow American hop pellets, small cylinders of pressed and pulverized hop.

Market Drivers and Restraints:

Among the main factors determining beer preference over other beverages and alcoholic beverages, there is a growing awareness of the health risks associated with long-term consumption. An increasing number of consumers have turned to sweeter drinks with lower alcohol levels in recent years. The demand for certain alcoholic beverages, especially whiskeys, rums, vodkas, and other high-alcohol beverages, has steadily declined, and the demand for and preference for milder beverages has increased significantly. Another important factor driving beer demand among a growing number of consumers, especially Generation Y, is the development and introduction of a range of flavors to choose from. Brewing an extreme scope of flavors and styles of craft beer with low alcohol content is foreseen to encourage the demand for beer. The increasing adoption of hopped malt in baked goods, breakfast cereals, confectionery and other food applications is expected to continue to drive growth in the Asia Pacific market for hopped malt extracts. Furthermore, an increase in the application of non-alcoholic beverages should contribute to increased demand. Small breweries rely primarily on hopped malt extract to produce beers brewed with new flavors and new brewing techniques to appeal to consumers.

The growing demand for craft beers should stimulate the deployment of new breweries, thereby creating stronger new growth prospects in the market. Beers like stouts and pale Indian beers are produced from hopped malt extracts. Lack of raw material supplies is expected to serve as a driver and brake for growth in the market for hopped malt extracts in the Asia Pacific. The rise in the manufacturing of various malts, along with oats, barley and wheat, is determined to create immense growth opportunities in the future. Market opportunities arise from the need to improve the supply and introduction of less perishable malt extract varieties, opening up the possibility of developing and introducing more flavors and aromas on the market. Large beer distilleries can explore strategic agreements and collaborations with hopped malt extract producers to gain a competitive advantage in the market.

Market segmentation Analysis:

By Type:

Cascade hops had the largest market share of around 34.36% in 2018, due to the wide range of product applications in the beer industry.

By Application:

Beverages had the largest market share of over 70% in 2018. Beverages, in particular alcoholic beverages, contribute greatly to high demand in this application segment.

Regional Share Insights:

The market for Asia Pacific Hopped Malt Extract has been categorized on the basis of geography into China, Taiwan, South Korea, India, Japan, Australia, and New Zealand, and the rest of the Asia-Pacific. Asia-Pacific is projected to record the fastest annual compound annual rate between 2020 and 2025, largely due to the growing demand for low-alcohol and flavored beverages from China and India. According to study of the Kirin Beer University, in terms of beer consumption across the world, China was the leader not only in terms of market share and intake, but also among the top 13 beer lovers of the world. This is deemed to support the regional growth in the regional and global hopped malt extract business.

Leading Company:

Muntons had the largest share of the Asia Pacific Hopped Malt Extract Market in terms of revenue in 2018.

Top Leading Key Players covered in this market report are:

  1. Hambleton Bard Ltd
  2. Cerex
  3. Brewferm
  4. Muntons
  5. Coopers
  6. Mangrove Jacks
  7. BrewDemon

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