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Global hop market

A local alternative to mass beer suggested by independent brewers has been successful and is now altering the global market. Beer is becoming more diversified, so transnational companies have to accept the new game rules and to switch focus to young and fast growing markets. All these processes increased the demand for aroma and bitter hop as well as their acreage expansion on two continents. However now there appeared a downward trend of alcohol consumption in the world, so even special sorts can soon turn to be sufficient. In this connection the dynamic American hop market is already facing some problems. EU hop producers have become more cautious, they are not racing to exceed the demand and look forward with more confidence, judging by the contract terms. 

Hop Market in Russia

Germany still dominates the Russian market, yet over the recent two years one has been able observe a continuous success of Czech hop suppliers. Their expansion and growing popularity of hops from the United States became the drivers of supplies growth in 2016 despite the preceding modest harvest crop in the EU, as well as the factor of relative stability in 2017. In this connection, in 2017, the ratio of the varieties continued to shift towards the aroma ones, and the supplies of Magnum hop and other alpha varieties were reduced. However, the import of bitter hop pellets is partially replaced by extracts, especially from the major beer manufacturers. Total volumes of alpha acid supplies, according to our estimation, decreased by approximately 5% and returned to the level of 2015. Barth Haas Group continues dominating the hop products market; HVG also increased its weight. At the same time, Morris Hanbury significantly reduced the supplies in 2017.

UK. Owner of Woodchuck Cider Approves Sale to Irish Rival

The Irish beverage company C&C Group agreed on Tuesday to buy Vermont Hard Cider Company, the makers of Woodchuck Cider, for $305 million.

The deal is the latest in a flurry of recent acquisitions in the beverage industry, as giants like AnheuserBusch-InBev and Heineken search for new growth markets.

Under the terms of the deal announced on Tuesday, C&C, based in Dublin, will acquire Vermont Hard Cider, whose brands include Woodchuck Cider, the largest cider brand in the United States.

The deal will combine C&C’s own cider business, including brands like Magners, Bulmers and Gaymers, with those of Vermont Hard Cider, as C&C looks to expand its business in the United States.

“This transaction transforms our international cider business and accelerates our growth prospects,” C&C’s chief executive, Stephen Glancey, said in a statement.

Shares in the C&C Group rose 6 percent in morning trading in London on Tuesday.

Vermont Hard Cider, based in Middlebury, Vt., reported a pretax profit of $10 million last year, which is expected to increase 50 percent, to around $15 million, in 2012, according to a company statement.

The beverage industry is going through a round of consolidation. AnheuserBusch-InBev agreed this year to buy the share of Grupo Modelo that it did not already own for $20.1 billion. The Dutch beer giant Heineken also recently received shareholder approval to buy Asia Pacific Breweries of Singapore for around $4.6 billion.

C&C said it would finance the deal for Vermont Hard Cider through existing cash reserves and bank loan facilities. The deal is expected to close early next year.

18 Янв. 2013



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