Global Hops Market size was valued at USD 7.9 Bn in 2022 and is expected to reach USD 12.20 Bn by 2029, at a CAGR of 6.4 %.
Hops Market Overview:
The Hops Market analysis provides a comprehensive picture of competition, including the Market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Hops Market, as well as the causes for variances in the industry’s growth in various places.
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Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
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Segmentation:
According to Product Type: The market is divided into four categories based on product type: Cascade Hops, Chinook Hops, Amarillo Hops, Centennial Hops, and Others. This is the beneficial and prevalent product category for hops. With the greatest market share in the hops market, Cascade is anticipated to rule the industry during the forecast period. The flavour and fragrance characteristic of Cascade hops is distinctive. They are renowned for their citric, flowery, and spicy flavours, which have added to the beer’s overall complexity.
Cascade hops consistently deliver high quality and dependable results in brewing. Cascade hops are a popular option for many recipes because of the consistent flavour and aroma qualities they provide. Cascade hops are adaptable and have been used in a variety of beers. They have been employed in other beer styles, including lagers and stouts, but they are particularly well-suited for American craft beer varieties like pale ales and IPAs. The demand for Cascade hops has grown significantly in the Hop Market as a result of their appeal with brewers and consumers. They are now widely available and used in commercial brewing as a result of the rising demand.
Drinks, cosmetics, and other products. Over the course of the forecast, alcoholic beverages are anticipated to dominate the hops market. The manufacturing of alcoholic beverages, especially beer, is a useful use for hops. Since the Middle Ages, hops have been used in brewing and are now a crucial component of both conventional brewing methods and beer formulations. Hops are necessary for the manufacture of beer because they give it flavour, bitterness, and scent.
1. Hops Market Size and Forecast, by Product Type (2022-2029)
1. Cascade Hops
2. Chinook Hops
3. Amarillo Hops
4. Centennial Hops
5. Others
2. Hops Market Size and Forecast, by Application (2022-2029)
1. Alcoholic Beverages
2. Pharmaceuticals
3. Food and Beverages
4. Cosmetics
5. Others
Key Players:
1. Steiner Hops Ltd
2. Hops Direct LLC
3. Heineken UK Limited
4. Yakima Chief Hops LLC
5. Bintani Australia PTY Ltd
6. New Zealand Hops Limited
7. BAARTH-HAAS GROUP
8. Hollingberry and Son Inc
9. Carlsberg Breweries A/S
10. Kalsec Inc.
11. Charles Faram and Co. Ltd
12. Brewers Select Limited
13. Hopsteiner Group
14. Kalsec Inc.
15. Sapporo Holdings Limited
16. BarthHaas GmbH & Co. KG
17. ohn I. Haas
18. Hopco, BSG Hops
19. Hops Direct LLC
20. Hop Head Farms LLC
21. Styrian Hops
22. Crosby Hops
23. Clayton Hops
Regional Analysis:
Individual Market influencing elements and changes in Market legislation that affect current and future Market trends are also included in the regional component of the Hops Market study. Current and future trends are examined to assess the entire Market potential and uncover profitable trends to get a more stable footing. The geographical Market assessment is based on the present environment and expected developments.
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COVID-19 Impact Analysis on Hops Market: The report also includes a detailed analysis of COVID-19 on the Hops Market.
Key Questions Answered in the Hops Market Report are:
- Which sub-segment had the largest share in the Hops Market?
- How is the competitive landscape of the Hops Market in 2020?
- Which are the key drivers impacting the Hops Market growth?
- Which region holds the maximum share in the Hops Market?
- What will be the CAGR of the Hops Market during the forecast period (2021-2027)?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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