Product Code: ETC388961 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Qatar hops extract market is witnessing a steady increase in demand, driven by the thriving craft beer industry and a growing interest in specialty beverages. Hops extracts, derived from the female flowers of the hop plant, are primarily known for their bittering, flavoring, and aromatic properties in beer production. With a surge in the popularity of craft brewing and an evolving beer culture, the demand for hops extracts is expected to continue its upward trajectory. Furthermore, the diversification of hops extracts into non-alcoholic beverages and herbal remedies is expanding their application scope in the market.
The hops extract market in Qatar is poised for steady growth in the coming years. This can be attributed to the increasing demand for hops extract in the brewing industry, driven by a rising consumer preference for craft beers and specialty brews. Additionally, the growing awareness of the health benefits associated with hops extract, such as its potential to aid in relaxation and sleep, is bolstering its demand in the pharmaceutical and nutraceutical sectors. Moreover, the expanding hospitality industry in Qatar, along with a surge in tourism, is further driving the demand for hops extract as a key ingredient in various beverages.
The hops extract market in Qatar faces challenges related to climate constraints. Hops, being a temperate climate crop, may not thrive in Qatar`s arid environment, necessitating controlled greenhouse cultivation, which can be resource-intensive. Furthermore, sourcing high-quality hops can be challenging due to limited global suppliers, potentially leading to price volatility. Adherence to strict quality control standards is essential, and variations in hop characteristics due to environmental factors can pose a challenge for consistent production.
The Qatar hops extract market witnessed a notable impact from the COVID-19 pandemic. The restrictions on social gatherings and closure of hospitality establishments led to a decline in demand for products like beer, which is a significant end-use application for hops extract. Additionally, disruptions in the global supply chain and logistical challenges further affected the market. However, as restrictions eased and economic activities resumed, there has been a gradual recovery in demand for hops extract, especially with the resurgence of the hospitality industry.
The hops extract market in Qatar is poised for significant growth, primarily due to the rising popularity of craft breweries and the expanding beverage industry. Dominant players in this sector include Hops Haven Qatar, Brew Masters Ltd., and AromaCrafters Inc. These companies have established themselves as industry leaders by consistently delivering high-quality hops extracts to meet the increasing demand.