Dublin, Jan. 25, 2024 (GLOBE NEWSWIRE) -- The "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)" report has been added to ResearchAndMarkets.com's offering.
The global hops extracts market is demonstrating robust growth, with current insights pointing to a substantial increase in market size by the end of 2031. The market, which has been valued at US$ 1.699 billion in 2024, is anticipated to surge to approximately US$ 2.2 billion, marking significant progress in the industry.
The strides made in technology have played a crucial role in advancing the market, as detailed in a new research publication added to our extensive collection of industry analyses.
Market Dynamics and Innovations
The fast-paced hops extracts sector has observed a remarkable diversification in its applications across various industries. Key trends shaping the market include:
- The surge in demand for distinct hop extracts, driven by the evolving preferences of consumers in the alcoholic beverage sector.
- A shift towards natural preservatives in the food industry, creating a substantial market for hop extracts as a natural antibacterial additive.
- Increased incorporation of hop extracts in the cosmetics industry, notably within products targeting skin care and detoxification.
Regional Highlights
With the Asia Pacific region leading the charge due to an expansive consumer base and burgeoning economies, and Europe maintaining its prominence with a mature beer market, these geographical markets are pivotal to the global expansion of hop extracts usage.
Growth Prospects & Market Players
Forecast analyses indicate that growth trends will continue unabated, particularly in regions such as the Middle East & Africa, which is poised to display a higher consumption growth rate. The competitive landscape is characterized by strategic expansions, with key players in the market scaling up production and employing cutting-edge technologies to meet rising demands.
Industry Analysis by Category
The hops extracts industry, categorized by nature, application, and product type, is dissected to provide in-depth understanding:
Key Segments of the Hops Extracts Market
- By Nature: Organic and Conventional
- By Application: Bittering Agent, Aroma Agent, and Dual Purpose.
- By Product Type: CO2 Extract, Aroma, Bitter, High Alpha, Isomerized Extract, and Oil Extract.
This comprehensive industry analysis delves into the nuances of the hops extracts market, presenting a methodical segmentation by region, covering key areas such as North America, Latin America, Europe, South Asia & Pacific, East Asia, and the Middle East & Africa. The report brings to the forefront critical insights pertinent to stakeholders and industry participants navigating the complex dynamics of the hops extracts sector.
The detailed exploration of the hops extracts market culminates in this thorough report, now available on our website, offering crucial intelligence for informed strategic decision-making within this evolving industry landscape.
A selection of companies mentioned in this report includes
- 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.
For more information about this report visit https://www.researchandmarkets.com/r/xu7l0o
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