Global Hops Extract Market By Overview
Hops Extract Market was valued at US$ 1629.7 Million in 2024 and is projected to grow at a CAGR of 6.40% to reach US$ 2868 Million by 2034.
Hops extract is derived from the flowers of the hop plant (Humulus lupulus) and is widely known for its use in brewing beer. Hops Extract Market is influenced by factors such as the growing demand for craft beers, increased consumer interest in natural ingredients, and the exploration of hops' bioactive compounds for health and wellness applications.
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Global Hops Extract Market By Drivers & Restraints
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Drivers |
Restrains |
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Craft Beer Boom |
Dependency on Brewing Industry |
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Anti-Inflammatory and Antioxidant Properties |
Supply Chain Challenges |
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Cosmetics and Personal Care Applications |
Cost Factors |
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Research on Potential Health Benefits |
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Dividing this target market into segments:
Hops Extract Market is segmented based on Type, Application and Region.
Product Type Insight
On the basis of Product Type, the target market is segmented into CO2 Extract, Isomerized Extract, and Oil Extract.
Nature Insight
On the basis of Nature, the target market is segmented into Organic and Conventional.
Global Hops Extract Market By Segmentations & Regional Insights
Regional Insights:
On region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America market is estimated to witness a significantly high revenue share over the forecast period due to rising investment and funding. North America, especially the United States, has a strong craft beer culture, driving a significant demand for hops extract as a key brewing ingredient.
Asia Pacific market is estimated to witness a fastest revenue share over the forecast period. The craft beer movement is gaining traction in Asia-Pacific, leading to an increased demand for hops extract in brewing applications.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2023 |
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Forecast period |
2024 – 2034 |
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Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
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Market Segmentation |
By Product Type - CO2 Extract, Isomerized Extract, Oil Extract By Nature - Organic and Conventional |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.
Global Hops Extract Market By Competitive Landscape & Key Players
The key players operating the Hops Extract Market includes, 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.
Global Hops Extract Market By Recent News
Recent Development:
The New Launched Product News,
- In August 2023, Kirin’s joint venture with Japanese advertising giant Dentsu launched its first consumer products “a gummy and tablet for cognition containing Kirin’s proprietary matured hop extract. Aged hops are extracted using water to create matured hops extract. It can be combined with a variety of foods and drinks and is practically risk-free for people of all ages, even young ones. It has one-tenth the bitterness of hops.
Global Hops Extract Market By Highlights
FAQs
The hops extract market is segmented by product type, nature, and region.
The rise in disposable income and the consumption of beer are the driving factors for the global hops extract market. The ease and low production cost of hop extract is attracting consumers, which leads to a rise in the target market growth.
On the basis of region, the global hops extract market is further segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific region is expected to dominate the market globally due to the rise in production of beer in this region. North America is also expected to be the leading region for the target market attributed to the major hops production in this region.
The key operators of global hops extract market are 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.