Latin America Hopped Malt Extract Market

Latin America Hopped Malt Extract Market Size, Share, Growth (2022-2027)

The Latin America Hopped Malt Extract market was estimated at USD xx.x million in 2022 and is expected to reach over USD xx.xx million by 2027, 

Overview:

Malt extract is the concentrated or dry form of unfermented wort. Its elaboration implies the crushing and maceration of the malted grains, the separation of the must from the used grains, then their concentration and dehydration. This extract is converted to hop malt extract when hops are added. Hopped malt extracts can be in liquid or solid form. The hopped malt extract gives it a distinct but malty flavor due to the concentration process during its production. The aromatic and bitter features associated with hopped malt extract that adds more flavor is likely to drive the need for hopped malt extract and thus increasing its purchases in the market. Also, the use of hopped malt extract for the production of soft drinks by the brewing industries is positively stimulating the growth of the Latin American hopped malt extract market.

Recent Developments

• Mr. Beer brewery was purchased by Coopers, a hopped malt extract brewery based in Australia. A hopped malt extract kit was launched for hobby brewers in cooperation between Baladin and Mr. Malt.

• a hopped malt extract kit was launched for homebrewers in cooperation between Baladin and Mr. Malt, containing a bag of American's yellow hoppy dumplings - small cylinders of powdered and pressed hops.

Latin America Hopped Malt Extract Market Drivers and Restraints:

High investment cost for start-up or due to franchise limitations, small or microbreweries are struggling to get on the market and grow compared to existing large breweries. But now these small breweries rely on hoppy malt extract to produce their beers in order to attract new business and brewing innovations to attract customers. For such innovations, microbreweries rely primarily on hops. For example, beers like stout and India Pale Ales rely heavily on hoppy malt extracts. This improved the need for hopped malt extract among small breweries, which is promoting the global hopped malt extract busines and the overall sales. However, the issues related to availability of raw materials is a crucial factor that can slow the expansion of the Latin America hopped malt extract market. Therefore, an increase in the production of malts such as wheat, barley, oats, etc. may offer a great opportunity for the growth of the world hop malt extract market. Improved supply efficiency and the introduction of less perishable malt varieties may be an additional factor in increasing the market output of hopped malt extract. Increased hop production will also help the hop malt extract market to overcome shortages and rising prices for hops. There are many opportunities in the hop malt extract market if major brewing industries partner and collaborate with hop malt extract manufacturers to bring new and tasty beverages to market. But, in turn, this leads to higher prices for hops used in the production of malt extract from hops. As a result, the Latin American hopped malt extract market will face stiff pressure in terms of raw material hops.

Latin America Hopped Malt Extract market segmentation

Product type: Cascading Hops are recorded as the major contributors with a revenue share of around 34.36% in 2018, owing to the availability of product applications in beer manufacturing.

Application: Beverages had the largest market share of over 70% in 2018. Beverages, especially alcoholic beverages, largely contribute to the high demand in this application segment.

Latin America Hopped Malt Extract Regional analysis:

• Mexico

• Brazil

• Peru

• Chile,

• the rest of Latin America

The advanced economies in Latin America, such as Mexico, contribute majorly to the global market. Growing consumer awareness of the availability of a wide range of flavors and styles of Low Alcohol by Volume (LBV) beer is expected to increase product demand.

Key Players

1. Hambleton Bard Ltd.,

2. Cerex,

3. Brewferm

4. Muntons

5. Coopers

6. Brewferm

7. Mangrove Jacks

8. BrewDemon