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OverviewAPI
The global hops market is projected to expand from USD 8.10 billion in 2023 to USD 11.20 billion by 2028, with a CAGR of 6.70% during the forecast period. The United States dominates the market with a 96% share, while Europe, particularly the United Kingdom and France, is the fastest-growing region. The surge in demand for bittering hops is driven by the proliferation of craft breweries worldwide, with the COVID-19 pandemic and climate changes further impacting the market.

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