Craft Beer Hops Market size was valued at USD 4.5 Billion in 2024 and is projected to reach USD 8.5 Billion by 2033, exhibiting a CAGR of 7.5% from 2026 to 2033.
In 2022, the global hops market, integral to craft beer production, was valued at approximately USD 31.1 billion, with projections indicating growth to USD 46.9 billion by 2032, reflecting a compound annual growth rate (CAGR) of 4.3% during the forecast period. North America dominated the market, accounting for over 38% of the global share, driven by a well established brewing industry and a strong beer culture. Europe followed, with Germany leading as a significant hop producer, contributing around 34% to global hop cultivation. The Asia Pacific region is poised for substantial growth, with an anticipated CAGR of approximately 5%, fueled by the rising popularity of craft beer in countries such as China, Japan, South Korea, and India. The burgeoning craft beer movement presents significant opportunities for the hops market. Consumers increasing preference for unique and diverse beer flavors has led to a heightened demand for specialty hop varieties, such as Citra, Mosaic, and Simcoe, known for their distinctive aromatic profiles. This trend is particularly pronounced in North America and Europe, where craft breweries are expanding rapidly. Additionally, the Asia Pacific regions growing middle class and evolving consumer tastes are contributing to the increased consumption of craft beers, thereby driving demand for various hop types. However, challenges such as climate change, which affects hop yields and quality, and supply chain disruptions pose potential constraints on market growth.
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Hopsteiner
Roy Farms
Hop Head Farms
Yakima
High Wire Hops
Crosby Hop Farm
Glacier Hops Ranch
Hops Direct Puterbaugh Farms
John I. Haas
Charles Faram
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Craft Beer Hops Market
Propane Gas Cylinders
Butane Gas Cylinders
Natural Gas Cylinders
Liquid Petroleum Gas (LPG) Cylinders
Steel Gas Cylinders
Aluminum Gas Cylinders
Composite Gas Cylinders
Fiberglass Gas Cylinders
Automotive
Industrial
Commercial
Residential
Aerospace
Small Capacity Cylinders (under 20 kg)
Medium Capacity Cylinders (20 kg - 100 kg)
Large Capacity Cylinders (over 100 kg)
ASME Code Compliant Cylinders
DOT Certified Cylinders
ISO Certified Cylinders
CE Marked Cylinders
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Craft Beer Hops Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Craft Beer Hops Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Craft Beer Hops Market, By Type
6. Global Craft Beer Hops Market, By Application
7. Global Craft Beer Hops Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Craft Beer Hops Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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