Hops Extract Market is estimated to be US$ 2868 Million by 2034 with a CAGR of 3.4% during the forecast period.

Published Date: March 2024

Hop extracts that comprise dried flowering parts in the hop plant, hops are the female flowers of hop (Humulus lupulus L), hops is a climbing plant belonging to the same family as hemp (Cannabaceae).

Hop most likely causes in China, Southern Caucasus and Siberia, or Mesopotamia, hops is used in the cosmetics, health, and pharmaceutical sectors. They are also used in variously to manage anxiety, sleep disorders, anxiety, insomnia, and attention deficit-hyperactivity disorder this hops plant cultivated in all warmer regions.

Rising consumption of beers in restaurants is also boosting the growth of the hops extract market; as, manufactures are launching various hops extract flavors, thereby expanding the avenue in the market.

The report " Hops Extract Market, By Product Type (CO2 Extract, Isomerized Extract, Oil Extract), By Nature (Organic and Conventional), and, By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Trends, Analysis and Forecast till 2034”

Key Highlights:

  • In August 2022, Aldi has launched it’s first-ever CBD beauty range from just £1.99. Aldi has launching a latest new CBD beauty Glycerol and Hops Extract to stimulate collagen production and hydrate and repair skin. This can be used alongside the Lacura CBD Toner (£4.99), packed with Glycerol and Sodium PCA to reduce wrinkles.
  • In June 2018, Peak Health and ImmunoG™ Medical Marijuana, Inc. Announces partnership with ImmulusAG, the first-ever publicly traded cannabis company in the United States, to distribute the first and only hops (active brand Humulus) derived cannabidiol (CBD) product.

Analyst View:

In the market for hops extract, one of the most important trends is the rising popularity of beer over other alcoholic beverages. The market for hops extract is expanding as a result of more people drinking beer in restaurants. The market is anticipated to grow throughout the forecast period as a result of manufacturers introducing new flavors of hops extract. Hop extract is simple and inexpensive to produce, which is luring customers and increasing the target market's growth.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Hops Extract Market, By Product Type (CO2 Extract, Isomerized Extract, Oil Extract), By Nature (Organic and Conventional) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2034”

Key Market Insights from the report:

Hops Extract Market accounted for US$ 1629.7 Million in 2024 and is estimated to be US$ 2868 Million by 2034 and is anticipated to register a CAGR of 6.40%. The Hops Extract Market is segmented based on Product Type, Nature and Region.

  • Based on Product, Hops Extract Markets is segmented into CO2 Extract, Isomerized Extract, and Oil Extract.
  • Based on Nature, Hops Extract Markets is segmented into Organic and Conventional.
  • By Region, the Hops Extract Markets is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Hops Extract Market:

The prominent players operating in the area S. Steiner. Inc., Aunutra Industries Inc., Glacier Hops Ranch Inc, BSG Hops, John I. Hass Inc, Bristol Botanicals Limited, Yakima Chief Hops LLC, Hopco Pty Ltd, Kalsec Inc., Indena S.p.A. and Aromatrix Flora Pvt. Ltd.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

  • Explains an overview of the product portfolio, including product development, planning, and positioning
  • Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
  • Detailed analysis of the market revenue over the forecasted period.
  • Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
  • Study on the segments that are anticipated to dominate the market.
  • Study on the regional analysis that is expected to register the highest growth over the forecast period

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