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PUBLISHER: Persistence Market Research | PRODUCT CODE: 1563056

PUBLISHER: Persistence Market Research | PRODUCT CODE: 1563056

Hop Extracts Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033

PUBLISHED: September 20, 2024

PAGES: 204 Pages

DELIVERY TIME: 2-5 business days

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Description

Persistence Market Research has recently published an extensive report on the global Hop Extracts Market. This report offers a comprehensive analysis of the key market dynamics, including drivers, trends, opportunities, and challenges, providing deep insights into the market structure.

Key Insights:

Hop Extracts Market Size (2024E): US$1691.3 Mn
Projected Market Value (2033F): US$2108.6 Mn
Global Market Growth Rate (CAGR 2024 to 2033): 3.2%

Hop Extracts Market - Report Scope:

The Hop Extracts Market encompasses a variety of hop-derived products that serve as flavoring and stabilizing agents in the brewing industry. These extracts are essential for producing various types of beers, providing bitterness, aroma, and antimicrobial properties. The market includes several forms of hop extracts, such as liquid, powder, and pellets, catering to the diverse needs of brewers and manufacturers. The increasing popularity of craft beers and innovations in brewing techniques are driving the demand for high-quality hop extracts.

Market Growth Drivers:

Several key factors are driving the global Hop Extracts Market. The surge in craft beer production has significantly increased the demand for unique hop flavors and aromas, which are best achieved through concentrated hop extracts. Additionally, the growing consumer preference for natural and organic ingredients in food and beverages is propelling the market forward. As brewers seek to differentiate their products, the use of specialized hop extracts is becoming more prevalent. Innovations in extraction technologies that enhance yield and preserve flavor profiles are further boosting market growth.

Market Restraints:

Despite promising growth prospects, the Hop Extracts Market faces challenges. The volatility of raw hop prices due to climatic changes and supply chain disruptions can adversely affect profit margins for manufacturers. Furthermore, the high cost of premium hop extracts may limit their accessibility to smaller breweries and new entrants. Competition from synthetic flavoring agents also poses a threat, as these alternatives can be more cost-effective. Additionally, stringent regulations surrounding food and beverage ingredients may create hurdles for market expansion.

Market Opportunities:

The Hop Extracts Market presents significant opportunities driven by the increasing global demand for craft beer and specialty beverages. The rising trend of home brewing and DIY beer kits is also encouraging the consumption of hop extracts among enthusiasts. Manufacturers are exploring the development of hop extracts with enhanced flavor profiles and health benefits, such as antioxidant properties, to attract health-conscious consumers. The expanding reach of e-commerce platforms offers new avenues for growth, enabling companies to connect directly with consumers and breweries.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the Hop Extracts Market globally?
Which types of hop extracts are leading the adoption in various regions?
How are technological advancements influencing the competitive landscape of the Hop Extracts Market?
Who are the key players in the Hop Extracts Market, and what strategies are they employing to stay competitive?
What are the emerging trends and future prospects in the global Hop Extracts Market?

Competitive Intelligence and Business Strategy:

Leading players in the global Hop Extracts Market, including BASF SE, Cargill, Inc., and Haas Hop Growers, focus on product innovation and strategic partnerships to gain a competitive edge. These companies invest significantly in R&D to develop advanced hop extract formulations that cater to the evolving tastes of consumers while ensuring product stability. Collaborations with breweries and ingredient suppliers facilitate market access and promote the adoption of new products. Emphasis on sustainable sourcing practices and high-quality raw materials further enhances market growth and brand loyalty.

Key Companies Profiled:

Kalsec Inc.
S. S. Steiner, Inc.
John I. Haas, Inc.
Aromatrix Flora Pvt. Ltd
Bristol Botanicals Limited
Yakima Chief Hops LLC
BSG Hops
Glacier Hops Ranch, Inc.
Hopco Pty Ltd
New Zealand Hops Ltd

Hop Extracts Market Industry Segmentation

By Nature:

Organic
Conventional

By Application:

Bittering Agent
Aroma Agent
Dual Purpose

By Product Type:

CO2 Extract
Isomerized Extract
Oil Extract

By Region:

North America
Latin America
Europe
South Asia & Pacific
East Asia
Middle East & Africa

Product Code: PMRREP13060

1. Executive Summary

1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies

5. Global Market - Pricing Analysis

5.1. Regional Pricing Analysis By Nature
5.2. Pricing Break-up by Region

6. Global Market Demand (in Value or Size in US$ Mn) Analysis 2019-2023 and Forecast, 2024-2033

6.1. Historical Market Value (US$ Mn) Analysis, 2019-2023
6.2. Current and Future Market Value (US$ Mn) Projections, 2024-2033
- 6.2.1. Y-o-Y Growth Trend Analysis
- 6.2.2. Absolute $ Opportunity Analysis

7. Global Market Demand (Volume) Analysis 2019-2023 and Forecast, 2024-2033

7.1. Historical Market Volume (MT) Analysis, 2019-2023
7.2. Current and Future Market Volume (MT) Projections, 2024-2033
- 7.2.1. Y-o-Y Growth Trend Analysis
- 7.2.2. Absolute $ Opportunity Analysis

8. Market Background

8.1. Macro-Economic Factors
- 8.1.1. Global GDP Growth Outlook
- 8.1.2. Global Industry Value Added
- 8.1.3. Global Urbanization Growth Outlook
- 8.1.4. Global Food Security Index Outlook
- 8.1.5. Global Rank - Ease of Doing Business
- 8.1.6. Global Rank - Trading Across Borders
8.2. Global Food & Beverage Industry Outlook
8.3. Value Chain Analysis and Operating Margins
- 8.3.1. List of Key Manufacturers
- 8.3.2. List of Key Brand Owners
- 8.3.3. List of Ingredient Suppliers
- 8.3.4. Operating Margins
8.4. Key Regulations/Claims
8.5. Market Dynamics
- 8.5.1. Drivers
- 8.5.2. Restraints
- 8.5.3. Opportunity Analysis
8.6. Forecast Factors - Relevance & Impact

9. Global Market Analysis 2019-2023 and Forecast 2024-2033, By Nature

9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume Analysis By Nature, 2019-2023
9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Nature, 2024-2033
- 9.3.1. Organic
- 9.3.2. Conventional
9.4. Market Attractiveness Analysis By Nature

10. Global Market Analysis 2019-2023 and Forecast 2024-2033, By Application

10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume Analysis By Application 2019-2023
10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Application, 2024-2033
- 10.3.1. Bittering Agent
- 10.3.2. Aroma Agent
- 10.3.3. Dual Purpose
10.4. Market Attractiveness Analysis By Application

11. Global Market Analysis 2019-2023 and Forecast 2024-2033, By Product Type

11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Mn) and Volume Analysis By Product Type, 2019-2023
11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Product Type, 2024-2033
- 11.3.1. CO2 Extract
  - 11.3.1.1. Aroma
  - 11.3.1.2. Bitter
  - 11.3.1.3. High Alpha
- 11.3.2. Isomerized Extract
- 11.3.3. Oil Extract
11.4. Market Attractiveness Analysis By Product Type

12. Global Market Analysis 2019-2023 and Forecast 2024-2033, by Region

12.1. Introduction
12.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2019-2023
12.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2024-2033
- 12.3.1. North America
- 12.3.2. Latin America
- 12.3.3. Europe
- 12.3.4. East Asia
- 12.3.5. South Asia & Pacific
- 12.3.6. Middle East and Africa
12.4. Market Attractiveness Analysis By Region

13. North America Market Analysis 2019-2023 and Forecast 2024-2033

13.1. Introduction
13.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
13.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 13.3.1. By Country
- 13.3.2. By Nature
- 13.3.3. By Application
- 13.3.4. By Product Type
13.4. Market Attractiveness Analysis
- 13.4.1. By Country
- 13.4.2. By Nature
- 13.4.3. By Application
- 13.4.4. By Product Type
13.5. Drivers and Restraints - Impact Analysis

14. Latin America Market Analysis 2019-2023 and Forecast 2024-2033

14.1. Introduction
14.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
14.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 14.3.1. By Country
- 14.3.2. By Nature
- 14.3.3. By Application
- 14.3.4. By Product Type
14.4. Market Attractiveness Analysis
- 14.4.1. By Country
- 14.4.2. By Nature
- 14.4.3. By Application
- 14.4.4. By Product Type
14.5. Drivers and Restraints - Impact Analysis

15. Europe Market Analysis 2019-2023 and Forecast 2024-2033

15.1. Introduction
15.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
15.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 15.3.1. By Country
  - 15.3.1.1. Germany
  - 15.3.1.2. Italy
  - 15.3.1.3. France
  - 15.3.1.4. U.K.
  - 15.3.1.5. Spain
  - 15.3.1.6. BENELUX
  - 15.3.1.7. Russia
  - 15.3.1.8. Rest of Europe
- 15.3.2. By Nature
- 15.3.3. By Application
- 15.3.4. By Product Type
15.4. Market Attractiveness Analysis
- 15.4.1. By Country
- 15.4.2. By Nature
- 15.4.3. By Application
- 15.4.4. By Product Type
15.5. Drivers and Restraints - Impact Analysis

16. South Asia & Pacific Market Analysis 2019-2023 and Forecast 2024-2033

16.1. Introduction
16.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
16.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 16.3.1. By Country
  - 16.3.1.1. India
  - 16.3.1.2. ASEAN
  - 16.3.1.3. Oceania (Australia & New Zealand)
  - 16.3.1.4. Rest of South Asia & Pacific
- 16.3.2. By Nature
- 16.3.3. By Application
- 16.3.4. By Product Type
16.4. Market Attractiveness Analysis
- 16.4.1. By Country
- 16.4.2. By Nature
- 16.4.3. By Application
- 16.4.4. By Product Type
16.5. Drivers and Restraints - Impact Analysis

17. East Asia Market Analysis 2019-2023 and Forecast 2024-2033

17.1. Introduction
17.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
17.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 17.3.1. By Country
  - 17.3.1.1. China
  - 17.3.1.2. India
  - 17.3.1.3. Japan
  - 17.3.1.4. Rest of East Asia
- 17.3.2. By Nature
- 17.3.3. By Application
- 17.3.4. By Product Type
17.4. Market Attractiveness Analysis
- 17.4.1. By Country
- 17.4.2. By Nature
- 17.4.3. By Application
- 17.4.4. By Product Type
17.5. Drivers and Restraints - Impact Analysis

18. Middle East and Africa Market Analysis 2019-2023 and Forecast 2024-2033

18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
18.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 18.4.1. By Country
  - 18.4.1.1. GCC Countries
  - 18.4.1.2. South Africa
  - 18.4.1.3. Rest of Middle East and Africa
- 18.4.2. By Nature
- 18.4.3. By Application
- 18.4.4. By Product Type
18.5. Market Attractiveness Analysis
- 18.5.1. By Country
- 18.5.2. By Nature
- 18.5.3. By Application
- 18.5.4. By Product Type
18.6. Drivers and Restraints - Impact Analysis

19. Country Wise Market Analysis, 2024

19.1. Introduction
- 19.1.1. Market Value Proportion Analysis, By Key Countries
- 19.1.2. Global Vs. Country Growth Comparison
19.2. U.S. Market Analysis
- 19.2.1. By Nature
- 19.2.2. By Application
- 19.2.3. By Product Type
19.3. Canada Market Analysis
- 19.3.1. By Nature
- 19.3.2. By Application
- 19.3.3. By Product Type
19.4. Brazil Market Analysis
- 19.4.1. By Nature
- 19.4.2. By Application
- 19.4.3. By Product Type
19.5. U.K. Market Analysis
- 19.5.1. By Nature
- 19.5.2. By Application
- 19.5.3. By Product Type
19.6. France Market Analysis
- 19.6.1. By Nature
- 19.6.2. By Application
- 19.6.3. By Product Type
19.7. Germany Market Analysis
- 19.7.1. By Nature
- 19.7.2. By Application
- 19.7.3. By Product Type
19.8. Italy Market Analysis
- 19.8.1. By Nature
- 19.8.2. By Application
- 19.8.3. By Product Type
19.9. Spain Market Analysis
- 19.9.1. By Nature
- 19.9.2. By Application
- 19.9.3. By Product Type
19.10. BENELUX Market Analysis
- 19.10.1. By Nature
- 19.10.2. By Application
- 19.10.3. By Product Type
19.11. China Market Analysis
- 19.11.1. By Nature
- 19.11.2. By Application
- 19.11.3. By Product Type
19.12. India Market Analysis
- 19.12.1. By Nature
- 19.12.2. By Application
- 19.12.3. By Product Type
19.13. Australia Market Analysis
- 19.13.1. By Nature
- 19.13.2. By Application
- 19.13.3. By Product Type
19.14. New Zealand Market Analysis
- 19.14.1. By Nature
- 19.14.2. By Application
- 19.14.3. By Product Type

20. Market Structure Analysis

20.1. Market Analysis by Tier of Companies
20.2. Market Concentration
20.3. Market Presence Analysis

21. Competition Analysis

21.1. Competition Dashboard
21.2. Competition Benchmarking
21.3. Competition Deep Dive
- 21.3.1. Kalsec Inc.
  - 21.3.1.1. Overview
  - 21.3.1.2. Product Portfolio
  - 21.3.1.3. Sales Footprint
  - 21.3.1.4. Strategy Overview
  - 21.3.1.5. Key Developments
- 21.3.2. S. S. Steiner, Inc.
  - 21.3.2.1. Overview
  - 21.3.2.2. Product Portfolio
  - 21.3.2.3. Sales Footprint
  - 21.3.2.4. Strategy Overview
  - 21.3.2.5. Key Developments
- 21.3.3. John I. Haas, Inc.
  - 21.3.3.1. Overview
  - 21.3.3.2. Product Portfolio
  - 21.3.3.3. Sales Footprint
  - 21.3.3.4. Strategy Overview
  - 21.3.3.5. Key Developments
- 21.3.4. Aromatrix Flora Pvt. Ltd
  - 21.3.4.1. Overview
  - 21.3.4.2. Product Portfolio
  - 21.3.4.3. Sales Footprint
  - 21.3.4.4. Strategy Overview
  - 21.3.4.5. Key Developments
- 21.3.5. Bristol Botanicals Limited
  - 21.3.5.1. Overview
  - 21.3.5.2. Product Portfolio
  - 21.3.5.3. Sales Footprint
  - 21.3.5.4. Strategy Overview
  - 21.3.5.5. Key Developments
- 21.3.6. Yakima Chief Hops LLC
  - 21.3.6.1. Overview
  - 21.3.6.2. Product Portfolio
  - 21.3.6.3. Sales Footprint
  - 21.3.6.4. Strategy Overview
  - 21.3.6.5. Key Developments
- 21.3.7. BSG Hops
  - 21.3.7.1. Overview
  - 21.3.7.2. Product Portfolio
  - 21.3.7.3. Sales Footprint
  - 21.3.7.4. Strategy Overview
  - 21.3.7.5. Key Developments
- 21.3.8. Glacier Hops Ranch, Inc.
  - 21.3.8.1. Overview
  - 21.3.8.2. Product Portfolio
  - 21.3.8.3. Sales Footprint
  - 21.3.8.4. Strategy Overview
  - 21.3.8.5. Key Developments
- 21.3.9. Hopco Pty Ltd
  - 21.3.9.1. Overview
  - 21.3.9.2. Product Portfolio
  - 21.3.9.3. Sales Footprint
  - 21.3.9.4. Strategy Overview
  - 21.3.9.5. Key Developments
- 21.3.10. New Zealand Hops Ltd
  - 21.3.10.1. Overview
  - 21.3.10.2. Product Portfolio
  - 21.3.10.3. Sales Footprint
  - 21.3.10.4. Strategy Overview
  - 21.3.10.5. Key Developments
- 21.3.11. Indena S.p.A.
  - 21.3.11.1. Overview
  - 21.3.11.2. Product Portfolio
  - 21.3.11.3. Sales Footprint
  - 21.3.11.4. Strategy Overview
  - 21.3.11.5. Key Developments
- 21.3.12. Willamette Valley Hops, LLC.
  - 21.3.12.1. Overview
  - 21.3.12.2. Product Portfolio
  - 21.3.12.3. Sales Footprint
  - 21.3.12.4. Strategy Overview
  - 21.3.12.5. Key Developments
- 21.3.13. Crosby Hop Farm LLC.
  - 21.3.13.1. Overview
  - 21.3.13.2. Product Portfolio
  - 21.3.13.3. Sales Footprint
  - 21.3.13.4. Strategy Overview
  - 21.3.13.5. Key Developments
- 21.3.14. Xinjiang Elimnatural Hops Co., Ltd
  - 21.3.14.1. Overview
  - 21.3.14.2. Product Portfolio
  - 21.3.14.3. Sales Footprint
  - 21.3.14.4. Strategy Overview
  - 21.3.14.5. Key Developments
- 21.3.15. Yakima Valley Hops LLC
  - 21.3.15.1. Overview
  - 21.3.15.2. Product Portfolio
  - 21.3.15.3. Sales Footprint
  - 21.3.15.4. Strategy Overview
  - 21.3.15.5. Key Developments
- 21.3.16. Hollingbery & Son, Inc.
  - 21.3.16.1. Overview
  - 21.3.16.2. Product Portfolio
  - 21.3.16.3. Sales Footprint
  - 21.3.16.4. Strategy Overview
  - 21.3.16.5. Key Developments
- 21.3.17. Akoma International Ltd
  - 21.3.17.1. Overview
  - 21.3.17.2. Product Portfolio
  - 21.3.17.3. Sales Footprint
  - 21.3.17.4. Strategy Overview
  - 21.3.17.5. Key Developments
- 21.3.18. Naturalin Bio-Resources Co., Ltd
  - 21.3.18.1. Overview
  - 21.3.18.2. Product Portfolio
  - 21.3.18.3. Sales Footprint
  - 21.3.18.4. Strategy Overview
  - 21.3.18.5. Key Developments
- 21.3.19. Plantnat Co. Ltd.
  - 21.3.19.1. Overview
  - 21.3.19.2. Product Portfolio
  - 21.3.19.3. Sales Footprint
  - 21.3.19.4. Strategy Overview
  - 21.3.19.5. Key Developments