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.
Between 2018 and 2022, the global hops oil market saw steady growth, driven by the expanding craft beer sector and the increasing interest in plant-based ingredients. The demand for hops oils increased across various product categories, from beer to skin care products. The United States, Europe, and parts of Asia Pacific remained key markets for hops oils, with the US experiencing a noticeable uptick in craft beer consumption. Major companies in the hops oil industry have been investing in product innovation to cater to the rising demand, resulting in a wider range of hops oil products becoming available on the market.
As we move into the 2023-2033 forecast period, demand for hops oil is expected to rise further. Several factors are contributing to this trend, including increasing consumer interest in natural and functional ingredients, a greater focus on sustainable practices, and the growing popularity of non-alcoholic beverages infused with hops extracts. In addition, the use of hops oil is expanding beyond the brewing industry, with notable growth seen in the health and wellness sector, as well as its inclusion in personal care products. The increasing popularity of plant-based and clean-label ingredients is another factor expected to drive demand during this period.
While demand from the brewing industry will remain strong, the diversification of hops oil applications into other industries such as food, pharmaceuticals, and cosmetics will be a key driver of the market's growth. Additionally, advancements in extraction techniques and the availability of more concentrated oils will likely enhance the efficiency and effectiveness of hops oils, further boosting their market potential. Emerging economies in Asia-Pacific and Latin America are also expected to see increased adoption of hops oil in both traditional and new applications, opening up new growth avenues for market participants.
Get an In-Depth Research Analysis of the Global Hops Oil Market Size And Forecast [2025-2032]
The hops oil market has experienced significant shifts between 2018 and 2022, with demand for hops oils and extracts rising steadily due to their growing application in the brewing industry, as well as expanding use in non-beverage industries such as cosmetics, pharmaceuticals, and aromatherapy. The market witnessed a surge in demand as brewers increasingly adopted hops oils for their flavor and aroma-enhancing properties, particularly in craft beer production. Additionally, the increasing recognition of hops oil as a functional ingredient in health and wellness products contributed to the market's growth.
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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