Global Hops Extract Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027

"Global Hops Extract Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global hops extract market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. Global hops extract market report has been segmented on the basis of product type, nature, and region.

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This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Hop extracts is a brewing component commonly used in making beer. It includes ingredients such as alpha-acids and essential oils that contribute to beer bitterness, aroma, head retention, and stability. There are three basic types of hop extracts which includes CO2 extract, isomerized extract or ISO-extract and oil extract. These extract will improve the utilization of the alpha acids and can affect the final aroma of the beer.

The consumption of beer has increased in the recent years due to rise in disposable income and growth in consumer preferences for beer over other alcoholic beverages. Growing demand for beer and ale is driving the global hop extracts market. Consumers are attracted towards hop extracts because of its ease and low production costs. In addition, it also saves time and energy while producing beer. In addition, increasing adoption of western culture, rising number of restaurants and bars and relaxation points, driving the hops extract market towards growth. Popularity of such drinks seems to increase with time which is propelling growth of hops extract market. Recent trend shows that, manufacturers of alcoholic beverages are launching new drinks with a variety of flavors to attract larger customer base. Launches of new varieties of beer are expected to increase in upcoming period. Manufacturers are coming up with various hops extract flavors namely perle hops extract, hersbruck spaet hops extract, opa hops extract, cascade hops extract, centennial hops extract, cluster hops extract etc. These flavors creating opportunities for growth of the hops extract market.

On the basis of geography, the market is analyzed under various regions namely North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The global hops extract market is majorly dominated by Asia Pacific market, due to the rise in production of beer in the region. China and India are the major consumers of beer, which is directly proportional to the consumption of hops extract. A considerable increase in the consumption of beer has been observed due to growth in beer preferring youth population.

According to the American Association of Wine Economist, amongst all other types of alcoholic beverages, beer is consumed in larger quantities in major parts of the world. The U.S. is considered as the largest beer market, consuming around 25 billion liters per year, for most of the past 3 decades.

Global Hops Extract Market Segmentation:

Segmentation on the basis of Product Type:

• CO₂ Extract
• Isomerized Extract
• Oil Extract

Segmentation on the basis of Nature:

• Organic
• Conventional

Segmentation on the basis of Region:

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