Hop Extracts Market
Global Market Study on Hops Extract: Going an Extra Mile, with Unique Extract Blends
Hop Extracts Market Segmented By Organic and Conventional Nature with CO2 Extract, Isomerized Extract, Oil Extract Type as a Bittering Agent, Aroma Agent, Dual Purpose
Hops extract, one of the most used ingredients in the production of alcoholic beverages, provide many benefits to the brewers, and thus, the ratio of application rate is increasing widely. CO2 hops extract plays a key role in the brewing and are the essential ingredients in the manufacturing process. Apart from this, hops extract can increase the final volume of finished products with reduced kettle trub, which is one of the prominent benefits to brewer manufacturers.
In recent years, as demand for new tastes and flavors in alcoholic beverages continues to grow among consumers, which is further complemented by their rising disposable income and modernizing lifestyle. While beer sales have been witnessing healthy growth all around the world, it is highly likely that hops extract consumption will also be on a constant rise over the foreseeable future.
The leading hop extract manufacturers are experiencing increased demand for unique and distinct hop extract from brewers and RTD alcoholic beverage manufacturers. Key manufacturers are thus focusing on producing unique ingredients from hop extract to fulfill the heightening demand.
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- John I. Haas, Inc.
- Aromatrix Flora Pvt. Ltd
- Bristol Botanicals Limited
- Aunutra Industries Inc.
- 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
Food Industry – The Next Leg of Growth for Hops Extract Manufacturers
The common hop plant can produce numerous bioactive compounds, such as beta acid. Beta acids have high antibacterial activity against the grams-positive microorganism such as Listeria spp and shows lower bitterness than alpha acids. Listeria spp can lead to foodborne illness and microbial food damages. Fresh and minimally treated food is not protected against bacterial contamination.
Antimicrobial substances can reduce inherent microbiological risk of fresh products and can increase the quality and shelf life of food products. Besides, chemical preservatives are getting rejected by consumers and natural preservatives are favored instead. Owing to that food industry becoming a prominent market for global hops extract market.
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Hops Extract Gaining Traction in Cosmetics Industry
Dry skin is a common problem that leaves the skin looking dull, older, and wrinkled, often with a flaky and rough texture. Low levels of certain minerals, vitamins, and nutrients frequently lead to dry skin disorders and common skin complaints. Dry skin can also be initiated owing to several medical circumstances such as thyroid problems, diabetes, and hormonal imbalance. Apart from these issues, continue contact with water and improper practice of soap and gel are other main reasons that can cause dry skin issues.
Hops are considered as a valued ingredient in natural skin care products for treating dry and strained skin. Their soothing properties are also beneficial. Poultices made of hops have been exposed to help through skin staining. Furthermore, in facial products, hops extract is measured as a sedative agent. They are high in tannins, which can help decrease irritation. Also, they indorse decontamination and are beneficial as a natural therapy to flush out contaminant
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Rising Utilization of Hops Extract in the Pharmaceutical Industry
Hop plants have a strong historical background for being used as a medicinal herb in the leading regions of the world. As of now, science and technology have developed dramatically, several innovations are happening in today’s pharmaceutical industry and medicines are available for almost all kind of illness and diseases. Hops have much use in the pharmaceutical industry, hop ingredients can promote sleep, reduce toxicity, for the treatment of menstrual symptoms, and it provides safety and efficacy in pregnancy fir pregnant ladies.
The demand for natural ingredients is increasing in recent years and hops extract and ingredients are considered as natural ingredients in the pharmaceutical industry. Hops are “Generally Recognized as Safe” (GRAS) status by the U.S. Food and Drug Administration. Owing to all these factors hops extract are becoming a sustainable and safe alternative for the pharmaceutical industry, which is driving the demand for hops extracts in the pharmaceutical industry.
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Asia Pacific and Europe Set to Solidify Global Market Positions
Asia Pacific is one of the prominent regions hops extract market owing to the highest number of consumers and huge market space. Asia Pacific is the fastest-growing region based on population and economy. The increasing disposable incomes and inclination towards a modern lifestyle of consumers are driving the growth of alcoholic beverages across Asia Pacific.
Manufacturers of alcoholic beverages and brewers are demanding more and more hops extracts with different flavors and tastes, which is leading to the growth of hops extract market in Asia Pacific and is expected to grow at CAGR of ~4% in the forecasted period.
In European countries, hops have a traditional background as medicinal herbs and consumers are highly aware of the benefits of hops extract and ingredients. Besides, Beer is one of the most popular drinks around Europe having an established market. Europe is expected to grow at CAGR of ~3% in the forecast period of global hops extract market.
A comprehensive view of the global hops extract market has led our analysts to conclude that the market is growing at a stable rate, with Asia Pacific and Europe holding a large chunk of the global consumption of hops extract market.
The increasing usage of new and innovative alcoholic beverages is prompting the demand for hops extract. The demand for organic hops extract in all sectors will continue to grow and it will remain for a long time. Technological innovations and adaptation of new technologies by leading market players will give a thrust to the global hops extract market.
Companies with research and development abilities and expertise in the use of technology will gather momentum and effectiveness in the global hops extract market. Leading market players who are adopting an acquisition strategy and investing in research and development will continue to grow and have a vast market revenue share. However, high cost for extraction and processing of hops extract could restrain the growth of the global hops extract market.
Key Segments of the Global Hops Extract Market
PMR’s study on the global hops extract market offers information divided into 4 important segments - nature, type, application, and region.
Key Questions Answered in PMR’s Global Hops Extract Market
- Which region will have the highest market share in the global hops extract market over the forecasted period?
- Which region is experiencing the highest growth (CAGR)?
- Which factors are impacting the global hops extract market?
- Which are the global trends in the hops extract market that are impacting the market?
- What strategies need to adopted by the emerging players in the global hops extract market to capture the opportunities in various regions?
- What is the market structure of the global hops extract market?