About Hop Extracts
Hop extract is a product developed from the extraction of the components of the hops that are important to brewers in the production of beer. Hops are the dried flowering part of the hop plant. It is commonly used in brewing beer and as flavoring components in the food. It contains alpha acids, beta acids and hop oils. Increased final volume through reduced kettle trub, increased alpha utilization, excellent stability of alpha acids, beta acids and hop oils are the key factors driving the growth of the hop extracts market.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Largest Market Share | 40.0% |
Unit | Value (USD Million) |
CAGR | 4.6% |
Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Hop Extracts market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
John I. Haas, Inc. (United States), Kalsec (United Kingdom), S. S. Steiner, Inc. (United States), Aromatrix Flora Pvt. Ltd (India), Bristol Botanicals Limited (United Kingdom), Aunutra Industries Inc. (United States), Yakima Chief Hops LLC (United States), Brewers Supply Group, Inc. (United States), Glacier Hops Ranch, Inc. (United States) and Hopco Pty Ltd (Australia) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Hop Extracts market by Type (CO2 Extract, Isomerized Extract and Oil Extract), Application (Bittering Agent, Aroma Agent, Brewing, Herbal Treatment, Pharmaceutical and Others) and Region.
On the basis of geography, the market of Hop Extracts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2021. If we see Market by Nature, the sub-segment i.e. Organic will boost the Hop Extracts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Demand for Innovative Tastes and Flavors and Seen as Health Benefit Product
Market Growth Drivers:
Increasing Demand from Brewers and Alcoholic Beverage Manufacturers and Rising Disposable Income of the People in Developing Countries
Challenges:
Stringent Rules and Regulations of the Government
Restraints:
Side Effects of the Hop Extracts
Opportunities:
Growing Alcohol Industry Worldwide and Rising Demand from Cosmetic Industry
Market Leaders and their expansionary development strategies
In DeCEMBER 2024, Yakima Chief Hops (YCH), a 100% grower-owned global hop supplier, has partnered with Yakima Chief Ranches to launch FWD, a new hop innovation program focused on data-driven decisions and community involvement. Participating brewers will be granted access to the newest, not-yet-commercialized HBC varieties and products in Yakima Chief Hop's innovation pipeline. Application registration is open for breweries interested in trialing cutting-edge hop products and promising experimental hop varieties. In its inaugural year, FWD will be welcoming a limited number of enthusiastic participants. Through brewing trials, questionnaires, conversation and sensory analysis, brewers will have the opportunity to guide these products through their final stage of development, assuring YCH is working on the most useful and exciting products in the industry.
In November 2023, YCH 702, the ultra-flowable aroma hop extract from Yakima Chief Hops (YCH) advances from its trial phase to full-scale availability! Designed as an easy-to-pour whirlpool addition, YCH 702’s ability to flow effortlessly at room temperature sets it apart from other aromatic extracts.
Key Target Audience
Hop Extracts Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.