Hop Pallet is a brewing component used commonly in making beer for commercial and personal purposes. In the year 2000, a journal of Agricultural & Food Chemistry listed hops as anti-oxidant. Later in 2005, Journal of Molecular Nutrition listed Hops as Anti-Infective. Due to its properties, Hops became a critical ingredient in beer production and achieved a significant role in the same. In 1405, Hops was first legalized in Flanders (currently Belgium) which witnessed high growth in production since then. In 1516, REINHEITSGEBOT (German Beer Purity Law) passed a bill in Bavaria State of Germany which requires only water, barley malt, hops, and yeast may be used for crafting beer. This is one of the oldest law still applied globally. Almost all the countries have a market for Hop and Hop Pallet. During the time, many unique Hop Pallet are developed in order to satisfy the taste buds of people and their preferences. Hop Pallet are used to give flavor, aroma, color and taste to a beer when mixed in appropriate proportions during the brewing process.
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While many factors create overall beer flavors, hops will have the biggest impact on how beer is perceived. Hop pellet is produced by crushing up dried hop flower and pressing them into pellets. Hops are commonly used for bittering and aroma in beer. Hop Pellet have a higher extraction efficiency that Hop flower when it is used for bittering purpose. Hop Pellet is more stable than Hop Flower due to grinding, compression and removal of moisture. Nowadays, Hop pellets is commonly used in commercial brewing and home brewing purposes. Hop Pallet market is strong in Americas and Europe because a large portion of the population consumes beer which is driving the Hop Pallet market. While a large population of APEJ and MEA still don’t drink alcoholic beverages which have restricted the Hop Pallet market in these regions.
However, countries like India, have shown significant growth in beer consumption; India is the most growing beer market in the world is likely to become next home of many international Hop Pallet producers in next 5 to 10 years. Although, India doesn’t produce Hops which create a great opportunity for companies to start producing hops in the country. Apart from India, China and Hong Kong are also one of the most growing markets of Hop Pallet in APEJ region due to their historical relation with beer. Hop Pallet market is expected to witness an escalating demand among the consumers because of its significant use and increasing presence of beer, ale and other beverages throughout the globe.
Hop Pallet: Market Dynamics
Growing demand for beer and ale is driving the Hop Pallet market globally. Consumers all around the world are getting attracted towards Hop Pallet because of its ease and low production costs which is driving the market. Hop Pallet save time and energy while producing beer. Hops are generally added in Wort in order to give bittering, aroma and flavour to beer. Countries like China, India, and Hong Kong, are the future markets for alcoholic beverage and thus a promising market for Hop Pallet. Perception towards alcoholic beverage in the Middle East and APEJ is changing, and with the rise of per capita income, people changed their way of living and shifted towards beer from fruit juices. Hop Pallet serves best for the purpose of brewing when one needs to save time which won’t be possible without Hop Pallet. However, Hence, Hop Pallet market is expected to grow during the forecast period due to its versatile benefits.
However, Hop Pallet comes along with some restraints. Hop Extracts is a substitute of Hop Pellet which can be used much easier as compared to Pellets. Most of the people have no knowledge of Hop Pallet in most of the countries which is a big restraint for this market because of limited advertisement. Hop Pallet market has an opportunity to expand in APEJ and MEA region. In the past decade, hundreds of Hop Pallet players entered China because of decent Hop production in the country and all of them are doing great. There is a need to increase the presence throughout the region.
Hop Pallet: Market Segmentation
Hop Pallet market can be segmented on the basis of type, which include:
- Type 90 (T-90)
- Type 45 (T-45)
Hop Pallet market can be segmented on the basis of Hop variety, which include:
- Others (Chinook, Columbus, Mosaic, etc.)
Hop Pallet market can be segmented on the basis of Applications, which include:
- Herbal Treatment
Hop Pallet: Segment Outlook
Hop Pallet market can be segmented on the basis of type which includes Type 90 (T-90) and Type 45 (T-45). Hop Pallet market can be segmented on the basis of Hop variety which includes Cascade, Nugget, Willamette, Citra, Crystal, Cluster, Centennial and Others (Chinook, Columbus, Mosaic, etc.). Hop Pallet market can also be segmented on the basis of types of applications which includes brewing, herbal treatment and pharmaceutical.
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Hop Pallet: Regional Outlook
Regional coverage for Hop Pallet market includes North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ) and the Middle East and Africa (MEA). Hop Extract’s market witnesses a high demand in North America and Europe because of the high consumption of beers in the region. However, the Hop Pallet market is expected to grow significantly in APEJ region as consumers have widely adopting beer and ale.
Hop Pallet: Market Players
The market players in Hop Pallet market are Hopsteiner, BSG Craft Brewing, Northern Brewers, The Malt Miller, Charles faram and many more.