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Global Hops Market Growth Trends
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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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How has the COVID-19 pandemic affected the global hops market in terms of demand and supply?
How might the climate changes and droughts impact the production and availability of hops in the future?
What are the potential growth opportunities for craft breweries in the global hops market?
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