Market Overview:
The global hops market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for craft beers and rising awareness about the health benefits of beer. In terms of type, the Amarillo hop segment is projected to grow at a CAGR of 7.1% from 2018 to 2030, while the Cascade hop segment is projected to grow at a CAGR of 4.6%.
Product Definition:
Hops is a plant whose dried cones are used as a flavoring and stability agent in beer.
Amarillo hop 7-11%:
Amarillo hops 7-11% is a new variety of hop developed by breeders at the University of Vermont in the U.S. It was created as an aroma and bittering hop with high alpha acids, low cohumulone and a high percentage of resveratrol.
Cascade hop 4.5-7%:
Cascade hops 4.5-7% is one of the most popular and widely used hop variety for imparting aroma and flavor to beer. It has a strong citrusy aroma similar to grapefruit peel, which makes it suitable for use in flavoring as well as aromatic beers such as lagers.
It also displays excellent bittering ( balancing) properties due to high levels of alpha acids, making it useful in both pale ale and India pale ale styles of beer.
Application Insights:
Resturants accounted for the largest share of more than 50.0% in 2017. The application segment is expected to witness significant growth over the forecast period owing to increasing demand from resturants and bars across the globe. Increasing number of travelers, trendsetting chefs, and innovative menus are driving this segment further. Moreover, a growing number of craft beer drinkers has also been fueling demand for hops in this application segment as they understand its importance while brewing beer and other similar drinks at home or at their local pubs/restaurants.
Regional Analysis:
North America dominated the global market in terms of revenue with a share of over 35.0% in 2017. This is attributed to the growing craft beer industry and increasing demand for different types of craft brews across this region. The U.S.
Asia Pacific is expected to be one of the fastest-growing regions during the forecast period with a CAGR close to 6% from 2018 to 2030 due to rising demand for different types specialty beers across countries like China, Japan, South Korea among others will drive growth over next eight years or so.
Growth Factors:
- Increasing demand for craft beer: The global craft beer market is expected to grow at a CAGR of around 7% during the forecast period. This growth can be attributed to the increasing demand for artisanal and unique beers, which are made using traditional brewing methods and high-quality ingredients.
- Rising disposable income: The growing disposable income of consumers in developing countries is leading to an increase in their spending on premium products, including craft beer.
- Growing popularity of flavored hops: Flavored hops are becoming increasingly popular among brewers due to their ability to impart unique flavors and aromas into beer. This is driving the demand for hops with flavor profiles such as citrus, tropical fruits, floral, etc.
- Proliferation of microbreweries: There has been a proliferation of microbreweries in recent years, especially in developed countries such as the US and UK . This is contributing significantly to the growth of the global hops market as these breweries use large quantities of hops in their beers.. 5) Technological advancements: The development of new hop varieties that offer improved aroma and flavor profiles is helping fuel growth in the global hops market
Scope Of The Report
Report Attributes
Report Details
Report Title
Hops Market Research Report
By Type
Amarillo hop 7-11%, Cascade hop 4.5-7%, Centennial hop 9.5-11.5%, Chinook hops 12-14%
By Application
Resturant, Medical, Manufacture, Others
By Companies
YCH HOPS, Global Hops, Steiner Hops Ltd., Kalsec Inc., New Zealand Hops, Heineken UK Limited, SAPPORO HOLDINGS LTD., Charles Faram LTD., Brewers Select Limited, Carlsberg Breweries A/S, YCH HOPS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Hops Market Report Segments:
The global Hops market is segmented on the basis of:
Types
Amarillo hop 7-11%, Cascade hop 4.5-7%, Centennial hop 9.5-11.5%, Chinook hops 12-14%
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Resturant, Medical, Manufacture, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- YCH HOPS
- Global Hops
- Steiner Hops Ltd.
- Kalsec Inc.
- New Zealand Hops
- Heineken UK Limited
- SAPPORO HOLDINGS LTD.
- Charles Faram LTD.
- Brewers Select Limited
- Carlsberg Breweries A/S
- YCH HOPS
Highlights of The Hops Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Amarillo hop 7-11%
- Cascade hop 4.5-7%
- Centennial hop 9.5-11.5%
- Chinook hops 12-14%
- By Application:
- Resturant
- Medical
- Manufacture
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hops Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hops is a flowering plant in the family Humuliaceae. It is a dioecious perennial herb that grows up to 1.5 m tall, with long, thin leaves and clusters of small white flowers. The fruit is a berry which can be used for flavoring beer or other beverages.
Some of the key players operating in the hops market are YCH HOPS, Global Hops, Steiner Hops Ltd., Kalsec Inc., New Zealand Hops, Heineken UK Limited, SAPPORO HOLDINGS LTD., Charles Faram LTD., Brewers Select Limited, Carlsberg Breweries A/S, YCH HOPS.
The hops market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hops Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hops Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hops Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hops Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hops Market Size & Forecast, 2020-2028
4.5.1 Hops Market Size and Y-o-Y Growth
4.5.2 Hops Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Amarillo hop 7-11%
5.2.2 Cascade hop 4.5-7%
5.2.3 Centennial hop 9.5-11.5%
5.2.4 Chinook hops 12-14%
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Resturant
6.2.2 Medical
6.2.3 Manufacture
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hops Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hops Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Amarillo hop 7-11%
9.6.2 Cascade hop 4.5-7%
9.6.3 Centennial hop 9.5-11.5%
9.6.4 Chinook hops 12-14%
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Resturant
9.10.2 Medical
9.10.3 Manufacture
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Amarillo hop 7-11%
10.6.2 Cascade hop 4.5-7%
10.6.3 Centennial hop 9.5-11.5%
10.6.4 Chinook hops 12-14%
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Resturant
10.10.2 Medical
10.10.3 Manufacture
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Amarillo hop 7-11%
11.6.2 Cascade hop 4.5-7%
11.6.3 Centennial hop 9.5-11.5%
11.6.4 Chinook hops 12-14%
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Resturant
11.10.2 Medical
11.10.3 Manufacture
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Amarillo hop 7-11%
12.6.2 Cascade hop 4.5-7%
12.6.3 Centennial hop 9.5-11.5%
12.6.4 Chinook hops 12-14%
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Resturant
12.10.2 Medical
12.10.3 Manufacture
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Amarillo hop 7-11%
13.6.2 Cascade hop 4.5-7%
13.6.3 Centennial hop 9.5-11.5%
13.6.4 Chinook hops 12-14%
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Resturant
13.10.2 Medical
13.10.3 Manufacture
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hops Market: Competitive Dashboard
14.2 Global Hops Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 YCH HOPS
14.3.2 Global Hops
14.3.3 Steiner Hops Ltd.
14.3.4 Kalsec Inc.
14.3.5 New Zealand Hops
14.3.6 Heineken UK Limited
14.3.7 SAPPORO HOLDINGS LTD.
14.3.8 Charles Faram LTD.
14.3.9 Brewers Select Limited
14.3.10 Carlsberg Breweries A/S
14.3.11 YCH HOPS
