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Hops Extract Market: Overview

Hop extracts that comprise dried flowering parts in the hop plant has found diverse uses in the cosmetics, health, and pharmaceutical sectors. Most prominently, hops extracts are utilized in the medicinal formulations. They are used variously to manage anxiety, sleep disorders, anxiety, insomnia, and attention deficit-hyperactivity disorder (ADHD). The medicinal applications is quite vast and is growing on the back of research on utilizing plant-based extracts in medicines for hard-to-manage diseases. The hops extract market is witnessing researchers who are testing the potential of those extracts in various types of cancer in breast cancer, ovarian cancer, prostate cancer, high cholesterol, bladder infections, and tuberculosis.

More recently, the hop extract market has been attracting interest of brewers to get a unique, distinctive aroma for beer. Specifically, they are used to improve the utilization of the alpha acids which plays a key role in shaping the final aroma, particularly to provide bitterness. In this regard, CO2 hop extracts are gaining popularity. They also play role in variety-specific contributions. Further, their role in improving the stability of acids in brewing has been discussed among end users in the hops extract market.

Hops Extract Market: Key Trends

The growing preference of beer over other alcoholic beverages is a key trend in the hops extract market. The developing world is witnessing a rapid rise in the utilization of hops extracts by brewers. The trend is supported by rising disposal incomes of the populations over the past few years. Moreover, advances made in the brewing processes in developed world has positively influence the growth dynamics of the hops extract market. Some of the key benefits that brewers get in using hops extract are low cost of production, high-shelf life of the final product, and less time in getting a variety of aromas.

Rising consumption of beers in restaurants is also boosting the growth of the hops extract market. Manufacturers are launching various hops extract flavors, thereby expanding the avenue in the market.

Key extract varieties are perle hops, hersbruck spaet hops, opa hops, cascade hops, centennial hops, and cluster hops. Key product types in the hops extract market can be isomerized extract, oil extract, and CO2 extract.

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Hops Extract Market: Competitive Analysis and Key Developments

The study offers critical assessment of key growth drivers and restraining factors, promising avenues, key impediments to market players, especially to Covid 19 supply restrictions. The report takes a closer look at the recent manufacturing advances and the key product portfolio of top players.

Brewing companies are experimenting with variety-specific hop character to meet the new sensibilities of beer connoisseurs. Hops extracts have been instrumental in polyphenol flavor contributions. Growing number of bars and relaxation points in urban and suburbs in developing economies has offered vast revenue streams to players in the hops extract market.

Some of the promising players in the hops extract market are:

  • Indena S.p.A.
  • Glacier Hops Ranch, Inc.
  • BSG Hops
  • Aunutra Industries Inc.
  • Bristol Botanicals Limited
  • John I. Hass, Inc.
  • Kalsec Inc.

Hops Extract Market: Regional Assessment

The various geographical markets for hops extracts are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. One of the most attractive markets is Asia Pacific. The opportunities in the regional market is being driven by the diverse use that hops extracts are being put to, including the medicinal use. The revenues in Asia Pacific are also spurred by brewers ramping up investment in boosting their production capacities. North America is also a promising market. The regional market is expected to make promising strides on the back of utilization of these extracts in managing health conditions.

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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Hops Extract Market

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