The hops market is projected to grow at a CAGR of 7% by 2033.
The hops market growth drivers include the rising craft beer culture, increasing demand for aromatic hops, and growth of organic and non-alcoholic beverage alternatives.
The U.S. is the dominating region for the hops market.
Hopsteiner Inc., Yakima Chief Hops, BarthHaas Group, Charles Faram Ltd., and Kalsec Inc. are some leading industry players in the hops market.