Hops Oil Market was valued at USD 0.30 Billion in 2022 and is projected to reach USD 0.56 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
The global hops oil market was valued at approximately USD 46 million in 2022 and is anticipated to reach around USD 64 million by 2028, reflecting a Compound Annual Growth Rate (CAGR) of 5.5% during the forecast period. This growth is driven by the increasing demand for natural flavoring agents in the food and beverage industry, as well as the rising trend towards the use of hops oil in dietary supplements due to its potential health benefits. The expansion of craft breweries and the burgeoning interest in unique beer flavors are contributing significantly to the market's upward trajectory. Additionally, the rise in the consumption of functional beverages is fueling the demand for hops oil, which is prized for its aromatic properties and flavor-enhancing qualities.
Emerging markets, particularly in Asia-Pacific and Latin America, present substantial growth opportunities for hops oil manufacturers. The increasing adoption of western dietary habits and the expanding craft beer industry in these regions are driving the demand for hops oil. Moreover, advancements in extraction technologies and the growing awareness of the health benefits associated with hops oil are expected to further stimulate market growth. Companies are also exploring new applications of hops oil in cosmetics and pharmaceuticals, which could open up additional revenue streams. The combination of these factors creates a promising outlook for the hops oil market, with significant opportunities for market players to capitalize on emerging trends and expanding consumer bases.
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Glacier Hops Ranch
Green Acre Farms
Aliksir
Mountain Rose Herbs
Hopsteiner
Hermitage Oils
Denie Brown
BarthHaas
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Hops Oil Market
Brewing
Flavor and Fragrance
Aromatherapy
Based on Types the Market is categorized into Below types that held the largest Hops Oil market share In 2023.
Conventional Hops Oil
Organic Hops Oil
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Hops Oil Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Hops Oil Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Hops Oil Market, By Type
6. Global Hops Oil Market, By Application
7. Global Hops Oil Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Hops Oil Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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