Hops Market Size, Share, Industry, Forecast and outlook (2023-2030)

The hops market is projected to grow at a CAGR of 6.8% from 2023 to 2030, reaching a value of $13.3 billion by 2030.

The growth of the hops market is primarily driven by the increasing popularity of craft beer, which often uses hops for bittering and flavoring. Additionally, the growing demand for natural and organic ingredients is also contributing to the market's expansion.

Europe is expected to be the fastest-growing region in the hops market, driven by the increasing popularity of craft beer and the growing demand for premium hops.

Some of the major players in the global hops market include Roy Farms Inc., Barth-Haas Group, Hops Direct, LLC., HOP HEAD FARMS, Clayton Hops NZ, Charles Faram, NZ Hops Ltd, Crosby Hop Farm, LLC, Yakima Valley Hops, and Hopsteiner.