Market Overview:
The global wet hops market is expected to grow at a CAGR of 5.5% during the forecast period 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 consuming craft beers. In addition, growing applications of wet hops in pharmaceuticals, cosmetics, and other industries are also propelling the growth of this market. However, availability of substitutes such as dry hops is restraining the growth of this market to some extent. On the basis of type, Amarillo hops accounted for a major share in 2017 and is expected to maintain its dominance during the forecast period as well. This can be attributed to its high demand in craft beers owing to its unique flavor profile that imparts an orange-like aroma and taste. Cascade hops are also gaining popularity due their floral aroma and citrusy flavor which makes them suitable for use in IPAs (India Pale Ales) and pale ales. Based on application, alcoholic beverages accounted for a major share in 2017 owing to high demand from consumers for flavorful craft beers across regions worldwide. Pharmaceuticals was another key application segment accounting for significant shares due rising adoption rates across developed countries such as UAS., Japan., etc.
Product Definition:
A wet hop is a whole cone of hops that has been picked and then frozen or dried within 24 hours. Wet hops are used to add flavor and aroma to beer. They are typically added in the last few minutes of the brewing process to allow their flavors and aromas to be released.
Amarillo Hops:
Amarillo hops is a type of hop that is primarily grown in the United States. It has high alpha acids content and provides strong bitterness, balance, and smoothness to the finished beer. Amarillo hops are used for dry-hopping as they have low aromatic content; this factor makes them suitable for use in aroma additions without dominating the aroma of other ingredients.
Cascade Hops:
Cascade hops is a group of several cultivars of the hop plant, Humulus lupulus. The variety was developed by the U.S. breeding program at Oregon State University (OSU) in Corvallis, Oregon, U.S., and released for commercial use in 1996.
Application Insights:
The demand for the global wet hops is expected to witness significant growth on account of its use in the production of various alcoholic beverages such as beer and wine. In terms of revenue, alcoholic beverages segment dominated the market with a share of 41.6% in 2017 owing to rising demand from emerging economies such as China, India and Brazil.
Beer is one of the most popular drinks across all regions with high consumption rates especially in countries like U.K., Germany, Belgium and The Netherlands where it forms an important part of traditional culture along with folk music and pubs/barsbeers gardens.
Regional Analysis:
Europe was the largest regional market in 2017 owing to the presence of a large number of breweries and beer producers. Europe has been experiencing strong growth in craft beer industry, which is expected to have a positive impact on the demand for fresh hops over the forecast period. Asia Pacific is projected to be one of the fastest-growing regional markets from 2018 to 2030 due to increasing product demand from emerging economies such as India and China. In addition, growing popularity of Indian Pale Ales (IPAs) brewed using these ingredients will drive product sales in this region.
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. Wet hops are used in the production of craft beers, which gives them a unique flavor and aroma, thus driving their demand.
- Rising popularity of IPA: India Pale Ale (IPA) is one of the most popular types of craft beer, and it uses wet hops as one its key ingredients. This is driving the growth of the wet hops market as more brewers are looking to use this ingredient in their IPA recipes.
- Growing awareness about health benefits: There has been a growing awareness about the health benefits offered by different types of beer, including those made with wet hops. This is helping to drive demand for these products, thereby benefiting the overall market growth rate..
Scope Of The Report
Report Attributes
Report Details
Report Title
Wet Hops Market Research Report
By Type
Amarillo Hops, Cascade Hops, Centennial Hops, Chinook Hops
By Application
Alcoholic Beverages, Pharmaceuticals, Cosmetics, Others (Food, Animal Feeds, etc.)
By Companies
Hopsteiner, Roy Farms, Tavistock Hop Company, 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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Wet Hops Market Report Segments:
The global Wet Hops market is segmented on the basis of:
Types
Amarillo Hops, Cascade Hops, Centennial Hops, Chinook 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
- Tavistock Hop Company
- 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 Wet 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 Hops
- Cascade Hops
- Centennial Hops
- Chinook 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 Wet 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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- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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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?
Wet hops are the fresh, wet flowers of the hop plant. They are used in beer making to add bitterness and flavor.
Some of the key players operating in the wet hops market are Hopsteiner, Roy Farms, Tavistock Hop Company, 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 wet 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. Wet 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. Wet Hops Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wet Hops Market - Supply Chain
4.5. Global Wet Hops Market Forecast
4.5.1. Wet Hops Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wet Hops Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wet Hops Market Absolute $ Opportunity
5. Global Wet 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. Wet Hops Market Size and Volume Forecast by Type
5.3.1. Amarillo Hops
5.3.2. Cascade Hops
5.3.3. Centennial Hops
5.3.4. Chinook Hops
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wet 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. Wet 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 Wet 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. Wet 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 Wet 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. Wet 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 Wet Hops Demand Share Forecast, 2019-2026
9. North America Wet 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 Wet 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 Wet 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 Wet Hops Market Size and Volume Forecast by Type
9.7.1. Amarillo Hops
9.7.2. Cascade Hops
9.7.3. Centennial Hops
9.7.4. Chinook 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 Wet Hops Demand Share Forecast, 2019-2026
10. Latin America Wet 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 Wet 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 Wet 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 Wet Hops Market Size and Volume Forecast by Type
10.7.1. Amarillo Hops
10.7.2. Cascade Hops
10.7.3. Centennial Hops
10.7.4. Chinook 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 Wet Hops Demand Share Forecast, 2019-2026
11. Europe Wet 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 Wet 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 Wet 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 Wet Hops Market Size and Volume Forecast by Type
11.7.1. Amarillo Hops
11.7.2. Cascade Hops
11.7.3. Centennial Hops
11.7.4. Chinook Hops
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attactiveness/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 Wet Hops Demand Share, 2019-2026
12. Asia Pacific Wet 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 Wet 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 Wet 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 Wet Hops Market Size and Volume Forecast by Type
12.7.1. Amarillo Hops
12.7.2. Cascade Hops
12.7.3. Centennial Hops
12.7.4. Chinook 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 Wet Hops Demand Share, 2019-2026
13. Middle East & Africa Wet 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 Wet 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 Wet 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 Wet Hops Market Size and Volume Forecast by Type
13.7.1. Amarillo Hops
13.7.2. Cascade Hops
13.7.3. Centennial Hops
13.7.4. Chinook 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 Wet Hops Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wet Hops Market: Market Share Analysis
14.2. Wet Hops Distributors and Customers
14.3. Wet 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. Tavistock Hop Company
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hop Head Farms
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Yakima Chief 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. High Wire Hops
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Crosby Hop Farm
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Glacier Hops Ranch
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hops Direct Puterbaugh Farms
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. John I. Haas
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Charles Faram
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
