Saudi Arabia Hops Essential Oil Market (2022-2028) | Forecast, Industry, Revenue, Outlook, Growth, Size, Share, Analysis, Trends, Value & COVID-19 IMPACT

Saudi Arabia Hops Essential Oil Market Synopsis

Saudi Arabia Hops Essential Oil Market is anticipated to experience good amount of growth due to rising demand for organic solutions in various industries and Saudi Arabia also tops in production Hops which also attract much investment in the market. Hops are the female flowers (cones) of the hop plant Humulus lupulus. They are used primarily as a bittering agent in beer, although they also have some aromatic properties. The oil is obtained by steam distillation of the cones and is a mixture of several compounds, including myrcene, humulene, caryophyllene and farnesene.

According to 6Wresearch, the Saudi Arabia Hops Essential Oil Market size is expected to grow during 2022-2028. The Saudi Arabia Hops Essential Oil market growth is driven by the growing demand for craft beer and the increasing popularity of home brewing. Home brewing uses home-grown hops to produce beers with unique flavours. This has created a strong demand for hops essential oil among hobbyists and professional brewers in Saudi Arabia. 

The country has a large young population with high disposable incomes, which is fuelling the demand for premium and craft beer. In addition, the government's policies to promote tourism are expected to boost the growth of the hospitality sector, which will in turn drive the demand for hops essential oil.

Saudi Arabia is the world’s largest producer of hops, and the country’s hop industry is booming. The majority of Saudi Arabia’s hops are exported to the United States, where they are used in the brewing of beer.

The price of hops has been steadily rising in recent years, due to increased demand from the brewing industry. In 2016, the average price of hops was $4.50 per pound. This price is expected to continue to rise in the future.

The Saudi Arabian government has been working to increase production of hops in order to meet this rising demand. In 2017, the government launched a $5 million program to support hop farmers and expand production facilities.

As the world’s largest producer of hops, Saudi Arabia is in a unique position to exert significant influence over the global market for hops. The country’s large production capacity and burgeoning hop industry make it an important player in setting prices for this essential brewing ingredient.

Saudi Arabia Hops Essential Oil Market Highlights

Saudi Arabia Hops Essential Oil Market Demand by End User

Hops essential oil is widely used in the food and beverage industry as a flavoring agent. It is also used in cosmetics and personal care products and has pharmaceutical applications. This drives Saudi Arabia Hops Essential Oil Market revenue to great extent.

The demand for natural ingredients in cosmetics and personal care products, rising health consciousness among consumers, and increasing preference for plant-based ingredients also act as a major factors for Saudi Arabia hops essential oil market growth.

Saudi Arabia hops essential oil market share is further expected to grow on account of the growing popularity of organic and natural products among consumers. Moreover, with the vast expansion plans being undertaken by leading players operating in this market, it is projected to experience positive growth over the forecast period.

However, the high cost of production and stringent government regulations are some of the major challenges faced by players operating in the Middle East hops essential oil market.

Impact of COVID-19 on Saudi Arabia Hops Essential Oil Market

COVID-19 has dampened the growth of Global Hops Essential Oil Market as demand for various segment of Saudi Arabia Hops Essential Oil Market dropped to a significant point. At one point of time, the market was empty due to strict lockdown announced by all the governments around the globe.

Market analysis based on End Use Application

Based on End Use Application, the Hops Essential Oil for Flavour and Fragrance segment is expected to register highest growth in the segments due to its demand in various industries such as food and cosmetics as raw material. Hops Essential Oil for Brewing segment is also expected to register significant growth as demand for drinking around the globe increases.

Key Players in the Saudi Arabia Hops Essential Oil Market

The Saudi Arabia Hops Essential Oil market is highly competitive with various manufacturers vying for a share of the market. The major players in the Saudi market are: 

• Hopsteiner
• Barth-Haas Group
• Yakima Chief Hops
• Crosby Hop Farm
• Cascades Hops

Hopsteiner is one of the largest hop providers in the world and has a strong presence in Saudi Arabia. The company offers a wide range of hops products including pellets, cones and oils.

Barth-Haas Group is another leading player in the Saudi Arabian hops market. The company offers a wide range of hop products and services including hop breeding, processing, and marketing.

Yakima Chief Hops is a leading hop supplier in North America with a strong presence in Saudi Arabia. The company offers a wide range of hops products including pellets, plugs and oils.

Crosby Hop Farm is one of the oldest hop farms in North America and has a long history of supplying high quality hops to brewers around the world. The company offers a wide range of hops products including pellets, plugs and oils.

Cascades Hops is a Canadian hop farm that supplies high quality hops to breweries around the world. The company offers a wide range of hops products including pellets, plugs and oils.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Saudi Arabia Hops Essential Oil Market Outlook
• Market Size of Saudi Arabia Hops Essential Oil Market, 2021
• Forecast of Saudi Arabia Hops Essential Oil Market, 2028
• Historical Data and Forecast of Saudi Arabia Hops Essential Oil Revenues & Volume for the Period 2018 - 2028
• Saudi Arabia Hops Essential Oil Market Trend Evolution
• Saudi Arabia Hops Essential Oil Market Drivers and Challenges
• Saudi Arabia Hops Essential Oil Price Trends
• Saudi Arabia Hops Essential Oil Porter's Five Forces
• Saudi Arabia Hops Essential Oil Industry Life Cycle
• Historical Data and Forecast of Saudi Arabia Hops Essential Oil Market Revenues & Volume By End Use Application for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hops Essential Oil Market Revenues & Volume By Hops Essential Oil for Brewing for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hops Essential Oil Market Revenues & Volume By Hops Essential Oil for Flavor and Fragrance for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hops Essential Oil Market Revenues & Volume By Hops Essential Oil for Aromatherapy for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hops Essential Oil Market Revenues & Volume By Packing for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hops Essential Oil Market Revenues & Volume By Amber Glass Hops Essential Oil Bottles for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hops Essential Oil Market Revenues & Volume By Aluminium Hops Essential Oil Bottles for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hops Essential Oil Market Revenues & Volume By Other Hops Essential Oil Packing Formats for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hops Essential Oil Market Revenues & Volume By Nature of Production for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hops Essential Oil Market Revenues & Volume By Conventional Hops Essential Oil Production for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hops Essential Oil Market Revenues & Volume By Organic Hops Essential Oil Production for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hops Essential Oil Market Revenues & Volume By Sales Channel for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hops Essential Oil Market Revenues & Volume By Direct Sales of Hops Essential Oil for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hops Essential Oil Market Revenues & Volume By Indirect Sales of Hops Essential Oil for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hops Essential Oil Market Revenues & Volume By Specialty Stores for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hops Essential Oil Market Revenues & Volume By Drug Stores for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hops Essential Oil Market Revenues & Volume By Online Retailers for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Hops Essential Oil Market Revenues & Volume By Others for the Period 2018 - 2028
• Saudi Arabia Hops Essential Oil Import Export Trade Statistics
• Market Opportunity Assessment By End Use Application
• Market Opportunity Assessment By Packing
• Market Opportunity Assessment By Nature of Production
• Market Opportunity Assessment By Sales Channel
• Saudi Arabia Hops Essential Oil Top Companies Market Share
• Saudi Arabia Hops Essential Oil Competitive Benchmarking By Technical and Operational Parameters
• Saudi Arabia Hops Essential Oil Company Profiles
• Saudi Arabia Hops Essential Oil Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By End Use Application

• Hops Essential Oil for Brewing
• Hops Essential Oil for Flavour and Fragrance
• Hops Essential Oil for Aromatherapy

By Packing

• Amber Glass Hops Essential Oil Bottles
• Aluminium Hops Essential Oil Bottles
• Other Hops Essential Oil Packing Formats

By Nature Of Production

• Conventional Hops Essential Oil Production
• Organic Hops Essential Oil Production

By Sales Channel

• Direct Sales of Hops Essential Oil
• Indirect Sales of Hops Essential Oil
• Specialty Stores
• Drug Stores
• Online Retailers
• Others