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Report Overview

The global hops market was valued to reach a market size of USD 10.81 Billion in 2024. The industry is expected to grow at a CAGR of 6.30% during the forecast period of 2025-2034. The growing demand for craft beer and premium brews, along with the increasing trend toward healthier, low-alcohol, and non-alcoholic beverages, is driving the hops market, thus aiding the market growth to attain a valuation of USD 19.91 Billion by 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

  • The global expansion of craft breweries has significantly boosted hops demand. B2B companies supplying high-quality hops will benefit from the increasing production capacity, strengthening long-term contracts and fostering reliable relationships, which can lead to stable, sustainable profit growth over time.
  • The need for diverse and specialty hop varieties is rising due to the enhanced consumption of premium beers, specifically IPAs. B2B suppliers can use this increased demand by providing unique products at increased price levels so that they get to raise their profit margins and increase their business size, thereby boosting the growth of the hops market.
  • With the popularity of non-alcoholic and low-alcohol beverages on the rise, the utilization of hops has increased far beyond the use in traditional beers. B2B companies providing hops can reap this emerging opportunity by providing innovative solutions based on hops, new revenue streams, and profit boosts.

Compound Annual Growth Rate

Value in USD Billion

6.3%

2025-2034


Hops Market Outlook

*this image is indicative*

Hops Market Overview

The global hops market is witnessing steady growth due to the increasing demand for craft beer, premium beverages, and innovative brewing techniques. The growing health-consciousness among consumers is driving the popularity of low-alcohol and non-alcoholic beers, thereby expanding the application scope of hops. Moreover, the increasing popularity of organic hops and sustainable farming practices is contributing to the hops market expansion, as consumers seek eco-friendly and chemical-free products.

The key players such as Yakima Chief Hops, BarthHaas and Hallertau are capitalizing on these trends by offering varieties of specialized hop varieties and expansions in their productions. These players invest in research and developments focused on improving yields' quality with new hop product developments that come to answer the arising consumer preferences. With strong demand in North America and Europe and growing markets in Asia-Pacific, the hops industry is poised for further expansion, particularly in emerging markets where craft beer consumption is rising.

Global Hops Market

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Hops Market Growth

The global hops market is expanding owing to the increased popularity of craft beer and premium alcoholic beverages. As consumers seek unique flavors and high-quality brews, demand for diverse hop varieties increases, thus boosting the hops market growth. Additionally, the trend of health-conscious consumers choosing low-alcohol and non-alcoholic beers further fuels market growth. This shift toward healthier options has resulted in increased hops usage to create lighter, refreshing beverages that are more accessible to a wider consumer base and more market opportunities.

Key Trends and Developments

Hops Market Opportunities

The hops market presents opportunities driven by an increasing demand for craft beers and non-alcoholic beverages. Innovations such as hop-infused sparkling waters and high oil hop extracts are gaining ground for customers conscious of their health. 

Moreover, the growing interest in sustainable and eco-friendly products offers new platforms for suppliers of hops, thus offering opportunities for the hops market players. Emerging markets, particularly in Asia Pacific and Latin America, offer a significant growth opportunity as the beer industry expands and brewers look for more diverse hop profiles and efficient production methods.

Hops Market Trends

Trends in the Hops industry are health-conscious formulations, plant-based options, and sustainable practices. Two of the most innovative trends are functional Hops, containing added nutrients such as collagen or probiotics. These trends in the Hops market will attract wellness-focused consumers, and unique flavor pairings, such as savory or globally inspired varieties, and thus will also appeal to experimental consumers also. In addition, clean-label, sugar-free and organic options continue to grow in demand and, ultimately, become necessary for market players to be competitive and more attractive for modern consumers, along with eco-friendly packaging solutions and digital-first brand strategies.

Hops Market Restraints

Climate change and weather lead to uncertain hop yields, thereby affecting supply and pricing. High cultivation costs besides handpicking make it an expensive endeavor to produce. Market saturation in craft beer leads to fluctuating demand. Supply chain disruptions in global logistics prevent proper distribution, thus leading to significant hops market challenges. Regulatory pressures against pesticide utilization coupled with environmental issues challenge the farm. Low applications outside of brewing slow the diversification process. These factors collectively restrain the hops market’s growth despite increasing interest in alternative uses like pharmaceuticals and cosmetics.

Hops Industry Segmentation

“Global Hops Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

By product type, the market is divided into:

  • Chinook Hops
  • Cascade Hops
  • Amarillo Hops
  • Centennial Hops
  • Others

On the basis of application, the industry can be categorised into:

  • Alcoholic Beverage
  • Medicinal Drugs
  • Cosmetics
  • Others

The regional markets can be divided into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Hops Market Share

Market Analysis by Product Type

Hop varieties with unique flavor profiles are gaining popularity, and their demand in craft brewing is on the rise. As per hops market analysis, Chinook Hops are highly popular for their bold, spicy, and piney notes and are used widely in IPAs. Cascade Hops, which have a citrusy and floral aroma, remain the favorite for American Pale Ales. Amarillo Hops offer a distinct orange-citrus character, and their demand for hop-forward beers is on the rise. Centennial Hops, known as "Super Cascade," have balanced bitterness. Other specialty hops are designed for changing consumer taste and demands in beer styles.

By Application Analysis

Hops are widely gaining acceptance among different sectors. Among them, alcoholic beverages take the lead. This is because of the growth in craft beers and consumers' demand for novel flavors. As per hops industry analysis, medicinal drugs now take advantage of the natural sedatives and anti-inflammatory effects of hops. Hence their use in herbal remedies has been increased. Cosmetics use hops for their antioxidant and antibacterial properties in skincare and haircare products. Other applications, such as food flavoring and nutraceuticals, are growing as consumers seek natural ingredients, thus expanding the global hops market beyond brewing.

Hops Market Regional Insights

North America Hops Market Dynamics

The primary driver of hops demand in North America is the increasing popularity of craft beer. In North America, independent breweries have multiplied, focusing on different and innovative styles that require unique and high-quality hop varieties. Consumers' preference for bold, aromatic flavors further drives the demand for specialty hops.

Asia Pacific Hops Market Trends

In Asia-Pacific, urbanization and rising disposable income have increased the beer culture, especially in China, Japan, and India. The middle-class population is increasing and demanding premium and flavored beers, which compels breweries to include various hop varieties to enhance taste, aroma, and overall drinking experience.

Europe Hops Market Drivers

The importance of organic and sustainable brewing practices is a major factor that drives increased demand for hops in Europe. More breweries are sourcing locally grown, organic hops to embrace the stringent environmental regulations and customer desire for environmentally friendly, quality beers that enhance sustainability in brewing.

Latin America Hops Market Opportunities

The popularity of premium and craft beers is increasing demand for hops in Latin America. The rise in local microbreweries and consumer interest in diverse beer styles in countries such as Brazil, Mexico, and Argentina is forcing breweries to introduce new hop varieties for richer flavors and aromas.

Middle East and Africa Hops Market Outlook

The growing non-alcoholic beer market is a key driver of hops demand in the Middle East and Africa. With strict alcohol regulations in many countries, breweries are innovating with hop-infused non-alcoholic and malt-based beverages, catering to consumers seeking premium, flavorful alternatives without alcohol content.

Competitive Landscape

Hops market players focus on innovation, sustainability, and broadening product portfolios to serve higher demand for craft beer and premium brewing ingredients. Hops companies aspire to produce hop varieties of superior quality, disease resistance, processing improvement, and global supply chain strengthening to answer ever-changing consumer demand.

Sapporo Holdings Limited

Sapporo Holdings Limited is an international company dealing with beers, food and beverages, restaurants, and real estate. The company was founded in 1876, and it is headquartered in Tokyo, Japan. The company is widely known for its alcoholic and non-alcoholic beverages such as beer, wine, brandy, whiskey, soft drinks, juice, coffee, and tea.

Hopsteiner Group

Hopsteiner Group is one of the world’s largest family-owned hop growing, breeding, processing, and supplier companies. They are focused on delivering a different variety of hops and hop products for brewers and other end-users. They have a wide variety of hops including Akoya, Calypso, Contessa, Lemondrop, Amarillo, and chinook, among many other varieties.

Kalsec Inc.

Kalsec Inc. is a pioneer company in the production of natural products and solutions. Their products are derived from natural herbs, vegetables, hops, and spices. They increasingly developing innovative products and solutions to meet the increasing demand in the food and beverage industry worldwide. Their products include food preservatives, food colours, spices and herb extracts, and advanced hops products. These products are supplied to different industries such as dairy, beer, beverages, pet food, and baked goods, among other industries.

Yakima Chief Hops

Yakima Chief Hops, founded in the 1940s, is a 100% grower-owned global hop supplier headquartered in Yakima, Washington. It offers a broad portfolio of hop products, which include fresh hops, whole leaf hops, hop pellets, Cryo Hops®, American Noble Hops®, CO2 extract, organic hops, aged hops, and hop blends.

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other market players include Barthas GmbH & Co. KG, among others.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The hops market is assessed to grow at a CAGR of 6.30% between 2025 and 2034.

The market is driven by the growing craft beer industry, especially in the United States and Germany and the elevating utilisation of hops for medicinal drugs.

The increasing production of hops for craft beers and the rising demand for hops in the food and beverages industry are among the major key trends in the market.

The regional markets for the global hops market include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

The different types of product in the market includes chinook hops, cascade hops, amarillo hops, and centennial hops, among others.

The applications available in the market include alcoholic drugs, medicinal drugs, and cosmetics, among others.

The key players in the market include Yakima Chief Hops Inc., Hopsteiner Group, Kalsec Inc., Sapporo Holdings Limited, and BarthHaas GmbH & Co. KG, among others.

In 2024, the market reached an approximate value of USD 10.81 Billion.

The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 19.91 Billion by 2034.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Application
  • Region
Breakup by Product Type
  • Chinook Hops
  • Cascade Hops
  • Amarillo Hops
  • Centennial Hops
  • Others
Breakup by Application
  • Alcoholic Beverage
  • Medicinal Drugs
  • Cosmetics
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Yakima Chief Hops Inc.
  • Hopsteiner Group
  • Kalsec Inc.
  • Sapporo Holdings Limited
  • BarthHaas GmbH & Co. KG
  • Others

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