Hops Extract Market Size 2024 to 2031.

Market Overview and Report Coverage

Hops extract is a concentrated form of hops, a key ingredient in beer production known for its aroma and flavor enhancement. It is commonly used in brewing to impart bitterness, aroma, and flavor to beer. Hops extract is also increasingly utilized in the food and pharmaceutical industries for its health benefits and unique flavor profile.
The future outlook of the hops extract market is positive, with steady growth projected in the coming years. The market is expected to grow at a compound annual growth rate (CAGR) of 4.80% during the forecasted period. Factors driving this growth include the increasing demand for craft beers, changing consumer preferences towards natural ingredients, and the expanding applications of hops extract in various industries.
As the health and wellness trend continues to gain momentum, the demand for natural and plant-based ingredients like hops extract is expected to rise. Additionally, advancements in extraction technologies and increasing research on the health benefits of hops extract are likely to further fuel market growth. Overall, the hops extract market is poised for expansion, driven by the growing demand for innovative and natural ingredients in the food, beverage, and pharmaceutical sectors.

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Market Segmentation
The Hops Extract Market Analysis by types is segmented into:
• Organic Hops Extract
• Conventional Hops Extract

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Hops extract market is divided into two main types: Organic Hops Extract and Conventional Hops Extract. Organic hops extract is derived from hops that are grown without the use of synthetic pesticides or fertilizers, meeting strict organic standards. On the other hand, Conventional hops extract is produced from hops that may have been exposed to synthetic chemicals during cultivation. Both types of hops extract are used in various industries such as food and beverage, pharmaceuticals, and cosmetics, catering to different consumer preferences for natural and conventional products.

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The Hops Extract Market Industry Research by Application is segmented into:
• Bittering Agents
• Aroma Agents
• Dual Purposes

Hops extract is commonly used in the brewing industry for three main purposes: bittering agents, aroma agents, and dual purposes. Bittering agents are added during the brewing process to balance the sweetness of the malt with a bitter flavor. Aroma agents are used to add specific aroma characteristics to the beer. Dual-purpose hops extracts serve both functions, providing both bitterness and aroma to the final product. These different applications cater to the diverse needs and preferences of beer consumers.

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In terms of Region, the Hops Extract Market Players available by Region are:

North America:
• United States
• Canada

Europe:
• Germany
• France
• U.K.
• Italy
• Russia

Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia

Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia

Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea


What are the Emerging Trends in the Global Hops Extract market?
The global hops extract market is experiencing several emerging trends, including the increasing popularity of craft beer production, which has led to a rise in the demand for hops extracts as a key ingredient. Additionally, the growing awareness of the health benefits of hops extracts, such as their antioxidant and anti-inflammatory properties, is driving their adoption in various industries including pharmaceuticals and cosmetics. The market is also witnessing innovations in extraction techniques and product formulations to enhance the flavor and aroma profiles of hops extracts, further expanding their applications in food and beverage products.

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Major Market Players
John I. Haas is one of the leading players in the competitive hops extract market. Established in 1914, the company has a long history of providing high-quality hops products to the brewing industry. John I. Haas has experienced significant market growth over the years, expanding its operations globally and establishing itself as a trusted supplier of hops extract.
S. S. Steiner is another key player in the hops extract market. With a history that dates back to 1846, the company has a strong reputation for delivering innovative hops products to the brewing industry. S. S. Steiner has also seen considerable market growth, with a growing customer base and a strong presence in key markets worldwide.
Kalsec is a well-established player in the hops extract market, known for its focus on natural ingredients and sustainable practices. The company has experienced steady market growth, with a range of products that cater to the evolving needs of the brewing industry. Kalsec has built a strong reputation for its quality hops extract products and continues to expand its market reach.
In terms of sales revenue, companies like John I. Haas, S. S. Steiner, and Kalsec have reported significant earnings in recent years. John I. Haas, for example, reported sales revenue of over $100 million in the past year, showcasing its strong market presence and customer demand for its hops extract products. Similarly, S. S. Steiner and Kalsec have also reported healthy sales figures, reflecting their position as key players in the competitive hops extract market.

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