Hop Extracts Market is Segmented By Product Type(CO2 Extract(Aroma, Bitter, High Alpha), Isomerized Extract,Oil Extract), Hops extracted through Co2 process holds the highest value share of above 50% in the global market.
Industry: Food and Beverages
Published Date: May-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 204
Report ID: PMRREP13060
Persistence Market Research (PMR) analysis estimates that the global hop extracts market is valued at US$ 1,632 Million in 2023 and is expected to touch valuation of around US$ 2,236 Million by end of 2033 through annual growth rate of 3.0% value CAGR. According to the report, increasing adaptation of new and high-end technology is contributing to the growth of the hops extracts market.
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Hops Extracts Size (2023E) |
US$ 1,632 Million |
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Projected Sales of Hops extracts (2033F) |
US$ 2,236 Million |
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Value CAGR (2023-2033) |
3.0% |
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Value Share of Top 4 Countries (2023E) |
36.8% |
In recent years (2018-2022), the global hops extracts witnessed annual growth rate of 2.8% and generated revenue of US$ 1,535 Million by end of 2021. During the historical period, hops extract started gaining traction in the world of cosmetics, since hops is considered as a valuable ingredient in natural skin care products for treating dry and stressed skin.
Hops extracts are the extracts derived from Hops which are flowers of hop plant belonging to Humulus lupulus. Hops Extract are usually used as bittering, flavoring and stabilizing agents in beer. Mature markets are demanding products with natural and organic ingredients and hence, manufacturers are forced to use natural hop extracts in required processed food and beverage.
The global hops extracts market is anticipated to grow by 3.0% value CAGR during forecast period. Emerging and developing economies are expected to contribute significantly in the global hops extracts market owing to rising demand for alcoholic beverages in the region. Moreover, adaptation of new technology will provide thrust to production process of hop extracts, and help to fulfill the increasing demand for hop extracts in the upcoming years.
“Manufacturers Experiment with Unique & Distinct Hop Extracts to go Extra Mile”
Hop extracts are one of the most used ingredients in the production of alcoholic beverages. CO2 hop extracts play a key role in the brewing and are the essential ingredients in the manufacturing process. Apart from this, hop extracts provide many benefits to the brewers and the ratio of application rate is increasing extensively across the globe. For instance, hop extracts can increase final volume of finished products with reduced kettle trub, which is one of the prominent benefits to brewer manufacturers. In recent years, the consumer's demand for new tastes and flavors is increasing widely with rising disposable incomes and modern lifestyles.
Beers are widely consumed alcoholic beverages and witnessing healthy growth all around the world. This industry has a huge demand for flavors, which creates a way of growth for hop extracts manufacturers. The hop extract manufacturers are experiencing increased demand for unique & distinct hop extract from brewers and alcoholic beverage manufacturers. Key manufacturers are focusing on producing unique ingredients from hop extract with the help of developing science and technology to fulfill the demand for end-use industries.
“‘Food Industry becoming a prominent user of hop extracts”
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. Therefore, growing preference for natural products across the consumers has increased the demand for hops in food and beverage industry.
“Hops Extract Gaining Traction in the 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 contaminants.
“Asia Pacific and Europe holds Prominent Market Positions with High Share”
Asia Pacific is one of the prominent regions hop extracts 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 hop extracts market in Asia Pacific and is expected to grow at CAGR of ~4% in the forecasted period.
In the European countries, hops have a traditional background as medicinal herbs and consumers are highly aware of the benefits of hop extracts 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 hop extracts market.
What is sales of hops extracts in the APAC Market?
PMR analysis projects the sales of hops extracts in APAC at US$ 715.2 Mn for 2023 and the market in APAC is anticipated to grow by 3.8% value CAGR during forecast period. The value demand for APAC by end of 2033 is estimated to touch the valuation of US$ 913.4 Mn.
What is consumption growth rate of hops extracts in the Middle East & Africa?
The market in Middle East & Africa is predicted to witness higher growth rate, and register a CAGR of 4.0% over the forecast period, owing to a rising the demand for hops extract especially from the brewery industry.
What is the demand for organic hops extracts in the global market?
On the basis of nature, the hops extracts market is segmented into organic and conventional. The consumption of hops extracts is valued at US$ 203.2 Million for 2023 and sales of organic hops extracts is predicted to grow by 3.4% value CAGR in the forthcoming years.
Which type of hops extracts is gaining strong demand in the global market?
On the basis product type, the market is bifurcated into Co2 Extract, Isomerized Extract, and Oil Extract. Hops extracted through Co2 process holds the highest value share of above 50% in the global hops extracts market owing to high purity of extract produced through these CO2 process.
Global players engaged in the production of hops extracts market are focusing on manufacturing and supplying quality hop extracts in the global space. Major players are also focusing on expand their production capacities and enhance capabilities with the advance technologies.
Since there is limited production of hops extract, major market shareholders are now strategizing on improving their distribution base in the global market in order to make sure the product is readily available to its target customers. Moreover, in recent years, consumers have shown a preference for flavored alcoholic beverages. Owing to its consumer's needs and demand, some of the major brewery companies have been strategizing on coming up with innovative beer using various hops flavors. As a result, there is a rise in production of various hops flavors such as Perle, Cascade, and Centennial.
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Attribute |
Details |
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Forecast period |
2023-2033 |
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Historical data available for |
2018-2022 |
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Market analysis |
USD million for value |
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Key regions covered |
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Key countries covered |
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Key market segments covered |
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Key companies profiled |
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Report coverage |
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Customization & pricing |
Available upon request |
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The global market for hops extracts has a value of US$ 1,632 Mn 2023.
The global market for hops extracts has a value CAGR of 2.8% from 2018-2022.
The global market for hops extracts has a value of US$ 2,236 Mn in 2033.
The global market for hops extracts has a value CAGR of 3.0% from 2023-2033.
Companies such as Kalsec Inc., S. S. Steiner, Inc., John I. Haas, Inc., Willamette Valley Hops, LLC., and others are some of the major players operating in the global hops extracts market.
