Hop Extracts Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The global hops extracts market is thriving, with a valuation of US$ 1.699 billion in 2024 and a projected growth to reach approximately US$ 2.2 billion by the end of 2031, driven by a steady annual growth rate, according to a comprehensive analysis conducted by the publisher. The report highlights the increasing adoption of advanced technology as a major contributor to the growth of the hops extracts market.

Key Trends in the Market for Hops Extracts

Manufacturers Experiment with Unique & Distinct Hop Extracts to go Extra Mile: Hop extracts are indispensable ingredients in the production of alcoholic beverages, playing a pivotal role in the brewing process. They offer numerous benefits, including the ability to increase the final volume of finished products with reduced kettle trub. With rising disposable incomes and modern lifestyles, consumers are demanding new tastes and flavors in alcoholic beverages. This trend is fueling the demand for unique and distinct hop extracts, prompting key manufacturers to focus on developing science and technology to meet the demands of end-use industries.

Food Industry becoming a Prominent User of Hop Extracts: Common hop plants produce bioactive compounds such as beta acids, which exhibit high antibacterial activity against gram-positive microorganisms like Listeria spp. Beta acids also impart lower bitterness compared to alpha acids. As consumers increasingly reject chemical preservatives in favor of natural products, the food and beverage industry is turning to hops for its natural preservative properties, leading to a surge in demand.

Hops Extract Gaining Traction in the Cosmetics Industry: Hops extract is becoming a valued ingredient in natural skin care products, particularly for treating dry and strained skin. Its soothing properties are beneficial, and poultices made from hops have demonstrated effectiveness in reducing skin staining. With its high tannin content, hops extract aids in reducing irritation and promoting skin detoxification.

Asia Pacific and Europe Hold Prominent Market Positions: Asia Pacific, driven by its large consumer base and growing economy, is a prominent region in the hops extracts market. Rising disposable incomes and a preference for modern lifestyles are propelling the growth of alcoholic beverages in the region. European consumers are well aware of the benefits of hop extracts, and the established beer market in Europe contributes to its growth in the global hops extracts market.

Country-wise Insights

• Sales of Hops Extracts in the APAC Market: FMR analysis anticipates that the sales of hops extracts in the APAC market will experience growth from 2024 onwards and are estimated to reach a higher valuation by the end of 2031.
• Consumption Growth Rate of Hops Extracts in the Middle East & Africa: The Middle East & Africa market is anticipated to witness a higher growth rate due to increasing demand for hops extracts, especially from the brewery industry.

Competitive Analysis

Global players in the hops extracts market are committed to producing and supplying high-quality products worldwide. Major players are expanding their production capacities and capabilities through advanced technologies. To ensure their products are readily available to target customers, market leaders are improving their distribution bases in the global market. In response to consumer preferences for flavored alcoholic beverages, brewery companies are innovating with various hops flavors, leading to increased production of varieties such as Perle, Cascade, and Centennial.

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
• Indena S.p.A.
• Willamette Valley Hops, LLC.
• Crosby Hop Farm LLC.
• Xinjiang Elimnatural Hops Co., Ltd
• Yakima Valley Hops LLC
• Hollingbery & Son, Inc.
• Akoma International Ltd
• Naturalin Bio-Resources Co., Ltd
• Plantnat Co. Ltd

Hops extracts Industry Research by Category

By Nature:

• Organic
• Conventional

By Application:

• Bittering Agent
• Aroma Agent
• Dual Purpose

By Product Type:

• CO2 Extract
• Aroma
• Bitter
• High Alpha
• Isomerized Extract
• Oil Extract

By Region:

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

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