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Hops derivatives 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 Forecast

Hops derivatives have various unique properties such as of antimicrobial, anti-fungal, and anti-cancer. They are widely used in the pharmaceutical industry to manufacture varied drugs and tonics. Additionally, it is used as a natural preservative in the food and beverage products; stabilizer and flavor enhancer of beer products in beverage industry, which is gaining popularity across the globe. Furthermore, constantly increasing demand for hops containing beer is driving the growth of the global hops derivatives market.

Hops Derivatives Market

Downstream Analysis

On the basis of chemical composition, alpha acids dominates the market owing to high presence of humulone content, which is a major hops derivative. It has numerous applications in the pharmaceutical and the beverage industry. However, such derivatives can also be derived from essential oils, and the market of essential oil is projected to rise during the given forecast period. Furthermore, based on the applications, the beverage (beer) industry dominates the market. However, its applications in pharmaceutical and cosmetic products are projected to grow during the assessment period.

Competitive Analysis

The major players in the hops derivatives market

YCH HOPS (the U.S.)Archer Daniels Midland (the U.S.)

Steiner Hops (U.K.)

Kalsec Inc (the U.S.)

Charles Faram & Co Ltd (U.K.)

New Zealand Hops Limited (New Zealand)

Global Hops (North America)

Hops derivatives market is growing rapidly due to high demand for anti-bacterial, anti-cancer, and antioxidant medicines from most of the countries, and intensifying market opportunities. Moreover, focus on R&D and technological advancement expected to boost the hops derivatives market over the forecast period 2017-2023.

Market Segmentation

Hops derivatives market is segmented on the basis of chemical composition, application, and distribution channel.

Complete Report Details @ https://www.marketresearchfuture.com/reports/hops-derivatives-market-4560

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