Market Overview:
The global pellet hops market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for alcoholic beverages, pharmaceuticals, and cosmetics applications. Additionally, the growing demand for pellet hops in food applications is also contributing to the growth of the market. However, factors such as volatility in prices and availability of raw materials may restrain the growth of this market during the forecast period. On basis on type, Amarillo pellet hops segment is projected to witness highest CAGR during forecast period due high adoption rate by brewers owing its unique flavor profile imparting citrusy and floral aroma characteristics which are highly demanded by consumers across globe .Whereas Cascade Pellet Hops segment accounted for largest share in terms revenue followed by Centennial Pellet Hops & Chinook Pellets Hops segments respectively due their extensive usage particularly in production craft beers across globe . On basis on application , Alcoholic Beverages segment accounted for major share followed Pharmaceuticals & Cosmetics segments respectively due high adoption rate particularly among millennials coupled with rising disposable income levels globally .
Product Definition:
Pellet hops are a type of dried and compressed hop that is used in beer brewing. They offer a more stable form of hops than the traditional "cone" hops, and they also provide a more consistent flavor and bitterness to the beer. Pellet hops are also easier to use, since they can be added directly to the boil, while cone hops need to be boiled in water for a period of time before use.
Amarillo Pellet Hops:
Amarillo Pellet Hops is a type of pellet hops that originated in the United States. It was developed by crossing an aroma variety with a bittering hop, which is why it has such strong aromas and such a high alpha-acid content. The combination of these properties makes it suitable for use in both brewing ales and lagers.
Cascade Pellet Hops:
Cascade Pellet Hops is a type of pellet hops that is primarily used in the brewing of craft beer. It has an aroma similar to fruits such as grapefruit and tangerine, with a slightly bitter taste. The product was developed by the Wye College School of Agriculture in England, where it received classification as an outstanding natural product.
Application Insights:
The alcoholic beverages segment dominated the global pellet hops market in 2017, accounting for a share of over 40.0% by revenue. The segment is expected to witness significant growth on account of increasing demand for beer across the globe. In addition, favorable government regulations regarding alcohol production are likely to propel industry growth over the forecast period.
The pharmaceuticals application segment is projected to expand at a CAGR of XX% from 2018 to 2030 owing to rising use in producing various pharmaceutical products such as tablets & capsules and tonics & juices globally due to its high nutritional value and medicinal properties including anti-oxidants and anti-inflammatory elements which help prevent diseases relatedto heart disease, cancer cells.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of over 6% from 2018 to 2030. This can be attributed to the high demand for beer and other alcoholic beverages, which is one of the major applications for pellets in this region. Increasing production and consumption of these products are also driving regional growth. For instance, according to statistics published by E-cigarette Review in 2018, North America was ranked as the second largest market for e-cigarettes with more than 11 million units sold between 2013 and 2016; almost 80% were purchased by men aged 18 years or older living within U.S.
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 is mainly due to the increasing demand for artisanal and unique beers, which are made with high-quality ingredients. Pellet hops are increasingly being used in craft beers as they provide superior flavor and aroma compared to other types of hops.
- Rising popularity of microbreweries: Microbreweries are becoming increasingly popular, especially in developed countries such as the US, UK, and Germany. These breweries use small-scale brewing equipment to produce specialty beers that cater to local tastes and preferences. Pellet hops are often used by microbreweries as they provide excellent flavor and aroma characteristics compared to other types of hops.
- Growing popularity of home brewing: Home brewing is becoming increasingly popular due to the availability of affordable equipment and ingredients, as well as the growing interest in specialty beers. Home brewers often prefer using pellet hops because they offer superior quality, flavor, and aroma compared to other types of hops available in the market today .
Scope Of The Report
Report Attributes
Report Details
Report Title
Pellet Hops Market Research Report
By Type
Amarillo Pellet Hops, Cascade Pellet Hops, Centennial Pellet Hops, Chinook Pellet Hops
By Application
Alcoholic Beverages, Pharmaceuticals, Cosmetics, Others (Food, Animal Feeds, etc.)
By Companies
Hopsteiner, Roy Farms, Hop Head Farms, Yakima Chief Hops, High Wire Hops, Crosby Hop Farm, Glacier Hops Ranch, Hops Direct Puterbaugh Farms, John I. Haas, Charles Faram
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Pellet Hops Market Report Segments:
The global Pellet Hops market is segmented on the basis of:
Types
Amarillo Pellet Hops, Cascade Pellet Hops, Centennial Pellet Hops, Chinook Pellet Hops
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
Alcoholic Beverages, Pharmaceuticals, Cosmetics, Others (Food, Animal Feeds, etc.)
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:
- Hopsteiner
- Roy Farms
- Hop Head Farms
- Yakima Chief Hops
- High Wire Hops
- Crosby Hop Farm
- Glacier Hops Ranch
- Hops Direct Puterbaugh Farms
- John I. Haas
- Charles Faram
Highlights of The Pellet 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 Pellet Hops
- Cascade Pellet Hops
- Centennial Pellet Hops
- Chinook Pellet Hops
- By Application:
- Alcoholic Beverages
- Pharmaceuticals
- Cosmetics
- Others (Food, Animal Feeds, etc.)
- 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 Pellet 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.
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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?
Pellet hops are a type of hop that is compressed into small pellets. Pellet hops are used in beer because they provide a more consistent bitterness and flavor than whole hops.
Some of the major companies in the pellet hops market are Hopsteiner, Roy Farms, Hop Head Farms, Yakima Chief Hops, High Wire Hops, Crosby Hop Farm, Glacier Hops Ranch, Hops Direct Puterbaugh Farms, John I. Haas, Charles Faram.
The pellet hops market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Pellet Hops Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Pellet Hops Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Pellet Hops Market - Supply Chain
4.5. Global Pellet Hops Market Forecast
4.5.1. Pellet Hops Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Pellet Hops Market Size (000 Units) and Y-o-Y Growth
4.5.3. Pellet Hops Market Absolute $ Opportunity
5. Global Pellet Hops Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Pellet Hops Market Size and Volume Forecast by Type
5.3.1. Amarillo Pellet Hops
5.3.2. Cascade Pellet Hops
5.3.3. Centennial Pellet Hops
5.3.4. Chinook Pellet Hops
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Pellet Hops Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Pellet Hops Market Size and Volume Forecast by Application
6.3.1. Alcoholic Beverages
6.3.2. Pharmaceuticals
6.3.3. Cosmetics
6.3.4. Others (Food, Animal Feeds, etc.)
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Pellet Hops Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Pellet Hops Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Pellet Hops Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Pellet Hops Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Pellet Hops Demand Share Forecast, 2019-2026
9. North America Pellet Hops Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Pellet Hops Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Pellet Hops Market Size and Volume Forecast by Application
9.4.1. Alcoholic Beverages
9.4.2. Pharmaceuticals
9.4.3. Cosmetics
9.4.4. Others (Food, Animal Feeds, etc.)
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Pellet Hops Market Size and Volume Forecast by Type
9.7.1. Amarillo Pellet Hops
9.7.2. Cascade Pellet Hops
9.7.3. Centennial Pellet Hops
9.7.4. Chinook Pellet Hops
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Pellet Hops Demand Share Forecast, 2019-2026
10. Latin America Pellet Hops Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Pellet Hops Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Pellet Hops Market Size and Volume Forecast by Application
10.4.1. Alcoholic Beverages
10.4.2. Pharmaceuticals
10.4.3. Cosmetics
10.4.4. Others (Food, Animal Feeds, etc.)
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Pellet Hops Market Size and Volume Forecast by Type
10.7.1. Amarillo Pellet Hops
10.7.2. Cascade Pellet Hops
10.7.3. Centennial Pellet Hops
10.7.4. Chinook Pellet Hops
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Pellet Hops Demand Share Forecast, 2019-2026
11. Europe Pellet Hops Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Pellet Hops Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Pellet Hops Market Size and Volume Forecast by Application
11.4.1. Alcoholic Beverages
11.4.2. Pharmaceuticals
11.4.3. Cosmetics
11.4.4. Others (Food, Animal Feeds, etc.)
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Pellet Hops Market Size and Volume Forecast by Type
11.7.1. Amarillo Pellet Hops
11.7.2. Cascade Pellet Hops
11.7.3. Centennial Pellet Hops
11.7.4. Chinook Pellet Hops
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Pellet Hops Demand Share, 2019-2026
12. Asia Pacific Pellet Hops Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Pellet Hops Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Pellet Hops Market Size and Volume Forecast by Application
12.4.1. Alcoholic Beverages
12.4.2. Pharmaceuticals
12.4.3. Cosmetics
12.4.4. Others (Food, Animal Feeds, etc.)
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Pellet Hops Market Size and Volume Forecast by Type
12.7.1. Amarillo Pellet Hops
12.7.2. Cascade Pellet Hops
12.7.3. Centennial Pellet Hops
12.7.4. Chinook Pellet Hops
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Pellet Hops Demand Share, 2019-2026
13. Middle East & Africa Pellet Hops Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Pellet Hops Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Pellet Hops Market Size and Volume Forecast by Application
13.4.1. Alcoholic Beverages
13.4.2. Pharmaceuticals
13.4.3. Cosmetics
13.4.4. Others (Food, Animal Feeds, etc.)
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Pellet Hops Market Size and Volume Forecast by Type
13.7.1. Amarillo Pellet Hops
13.7.2. Cascade Pellet Hops
13.7.3. Centennial Pellet Hops
13.7.4. Chinook Pellet Hops
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Pellet Hops Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Pellet Hops Market: Market Share Analysis
14.2. Pellet Hops Distributors and Customers
14.3. Pellet Hops Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Hopsteiner
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Roy Farms
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hop Head Farms
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Yakima Chief Hops
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. High Wire Hops
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Crosby Hop Farm
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Glacier Hops Ranch
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hops Direct Puterbaugh Farms
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. John I. Haas
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Charles Faram
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
