Market Research Future published a Half-Cooked Research Report on the Global Hops Derivatives Market, which is estimated to grow at a CAGR of 3.5% during the forecast period 2017-2023
Market Overview:
Hops Derivatives Market share are compounds synthesized by chemical processes to produce one or more compound having similar structural property alike humulone, lupulone or adlupulone. Humulones is an important chemical compound synthesized from the alpha acids found in hops. It is mostly used in the beverage (beer) industry. Growing demand for hops derivatives as an appetite enhancer in the pharmaceutical industry and flavor enhancer of beer products in beer industry are driving the hops derivatives market.
Market Segmentation:
The global hops derivatives market has been segmented based on chemical composition, application, and distribution channel. By chemical composition, the market has been segmented into Alpha Acids, Beta Acids, Essential Oils, Flavonoids others. The alpha acids segment leads the market owing to high humulone content found in the hops flower. By application, the market has been segmented into Alcoholic Beverages (Beer), Pharmaceutical Industry and others. The beverage industry dominates the market by application as hops derivatives are widely used as a natural stabilizing agent in the beverage industry. By distribution channel, the market has been segmented into store-based and non-store based. The store-based channel is mostly the preferred channel as it is able to provide customers with one-stop shopping experience and thus is the dominating segment by distribution channel.
Competitive Analysis:
The key players operating in the global hops derivatives market include YCH HOPS (the U.S.), Kalsec Inc (the U.S.), Brewers Select Limited (U.K.), Global Hops (North America), Steiner Hops (U.K.), Charles Faram & Co Ltd (U.K.), and New Zealand Hops Limited (New Zealand).
Regional Analysis:
The global hops derivatives market spans across the regions of North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America accounts for the maximum share of the market followed by Europe. The US and Canada are the key contributors to the North America market. In North America, technological advancements and extensive R&D activities support the growth of the market. Asia Pacific is expected to register relatively faster growth over the forecast period due to the development of the alcoholic beverages industry and the pharmaceutical industry. Germany, the U.S., Czech Republic, the U.K. and Belgium are the top exporters of hops derivatives.
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