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 primary goal of this research is to assist the user in understanding the Hops Market in terms of definition, segmentation, market potential, significant trends, and the problems that the Hops industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
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Hops Market Scope:
The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
Hops Market 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 flavor and fragrance characteristic of Cascade hops is distinctive. They are renowned for their citric, flowery, and spicy flavors, which have added to the beer’s overall complexity.
Application-based: In application-based terms, alcoholic beverages, drugs, food, and 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 creation of beer because they give it flavor, bitterness, and scent.
Hops Market Size and Forecast, by Product Type (2022-2029)
1. Cascade Hops
2. Chinook Hops
3. Amarillo Hops
4. Centennial Hops
5. Others
Hops Market Size and Forecast, by Application (2022-2029)
1. Alcoholic Beverages
2. Pharmaceuticals
3. Food and Beverages
4. Cosmetics
5. Others
Hops Market Size and Forecast, by End User (2022-2029)
1. Craft Breweries
2. Commercial Breweries
3. Home brewing
Hops Market Size and Forecast, by Region (2022-2029)
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America
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Hops Market Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Hops market are
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
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Regional Analysis:
The report focuses on Global Regions and Market Size of Hops, and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on Hops Market:
The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Hops industry in 2021.
Key Questions Answered in the Hops Market Report are:
- What is the function of Hops?
- What is the predicted revenue generation of the Hops market?
- At what growth rate is the Hops market evolving?
- Who are the major market giants operating in the Hops market?
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