Hops are the flowers of the hops plant called Humulus lupulus. Hops are primarily used as a stabilizing agent in beer; also, it gives a bitter taste to the product. Its derivatives are compounds, which are synthesized by chemical processes to produce one or more compounds having similar structural homology to humulone, lupulone or adlupulone. Humulones is one of the most important chemical compounds which is synthesized from the alpha acids found in hops. It is gaining popularity owing to high demand for medicinal tonics, which helps in improving appetite and reducing insomnia. The market is further driven by increasing demand for flavored beer as well as medicinal drugs prepared by hops derivatives.
MARKET DYNAMICS
The hops derivative market has witnessed a significant growth owing to factors such as wider application in alcoholic beverages (beer), pharmaceutical industry, cosmetics, and others. The demand for hops derivatives is growing in the pharmaceutical industry, owing to increasing use in medicinal drugs and tonics. This is anticipated to escalate the market demand for hops derivatives on a global level. It is also used as a natural flavoring and stabilizing agent in the beer industry. The inclination of the pharmaceutical industry to produce drugs and tonics, which help to increase appetite and treat insomnia, has brought up a new market for the use of hops derivatives in the industry. It has gained popularity in the beer industry by its multiple applications, such as to stabilize and impart natural bitter taste in beer products. However, hops derivatives with high humulone content raised concern because of high processing cost in derivatization, which may hamper the market growth of the hops derivatives. Nevertheless, with the steady growth in the food processing industry and agriculture industry, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Hops Derivative Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the hops derivative market with detailed market segmentation by chemical composition, application, distribution channel, and geography. The global hops derivative market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hops derivative market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global hops derivative market is segmented on the basis of chemical composition, application, and distribution channel. On the basis of chemical composition, the hops derivative market is segmented into alpha acids, beta acids, essential oils, flavonoids, and others. The hops derivative market on the basis of the application is classified into alcoholic beverages (beer), pharmaceutical industry, cosmetics, and others. On the basis of distribution channel, global hops derivative market is bifurcated into store based and non-store based.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global hops derivative market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The hops derivative market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the hops derivative market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the hops derivative market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global hops derivative market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from hops derivative market are anticipated to lucrative growth opportunities in the future with the rising demand for hops derivative in the global market. Below mentioned is the list of few companies engaged in the hops derivative market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hops derivative market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Brewers Select Limited
- Charles Faram & Co Ltd
- Global Hops
- Kalsec Inc
- New Zealand Hops Limited
- Steiner Hops
- YCH HOPS
- Others
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.