In 2022, “Hops Market “Size, Status and Market Insights, Hops Market Report provide in-depth study of the current state of the Industry. Initially, the report
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The Global Hops market is estimated to grow at a CAGR of 4.5%, during the forecast period (2020 – 2025).
A transitional shift in the demand for bittering hops from aroma varieties and a positive trajectory in the growth of craft breweries across the world are driving the global hops market. According to a study by Barth-Haas, in Germany, the demand for bittering varieties, such as Polaris and Herkules, grew by almost 30% and 8.8%, respectively, in 2017. The United States, one of the largest hop consuming markets, registered a growth of 8.9% during 2018-2019, with the total number of breweries rising to 8,386 in 2019 from 7,698 in 2018 (The Brewers Association).