Global Hops Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Cascade Hops, Chinook Hops, Amarillo Hops, Centennial Hops, and Others.

By Application;

Medicinal Drugs, Alcoholic Beverages, Cosmetics, and Others.

By Distribution Channel;

Direct Sales, Distributors/Wholesalers, and Online Retail.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn863520623 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Hops Market (USD Million), 2021 - 2031

In the year 2024, the Global Hops Market was valued at USD 8,351.87 million. The size of this market is expected to increase to USD 12,977.83 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.5%.

The global hops market has witnessed remarkable growth in recent years, driven by its vital role in the brewing industry and its expanding applications in other sectors. Hops, the flowers of the Humulus lupulus plant, are indispensable in beer production due to their unique flavoring, aroma, and preservative properties. The increasing popularity of craft beers and the rising demand for premium beer variants have significantly contributed to the growth of the hops market. Additionally, the surge in global beer consumption and the diversification of beer flavors to cater to varying consumer preferences have further propelled the demand for hops.

Beyond the brewing industry, hops have garnered attention for their potential therapeutic and nutritional benefits. Rich in antioxidants and bioactive compounds, hops are being increasingly utilized in the pharmaceutical and nutraceutical sectors. Studies highlighting their anti-inflammatory, antimicrobial, and sedative properties have encouraged their incorporation into health supplements and herbal remedies. This diversification in applications underscores the growing importance of hops as a versatile agricultural product.

The market dynamics are influenced by factors such as climatic conditions, advancements in cultivation techniques, and the emergence of sustainable farming practices. Hops cultivation requires specific environmental conditions, which has led to the prominence of certain regions, including Europe and the United States, as major producers. Innovations in breeding techniques to develop disease-resistant and high-yielding hop varieties are shaping the market's future. Additionally, the increasing focus on organic and sustainable farming practices aligns with the growing consumer demand for eco-friendly and natural products.

Despite its promising growth trajectory, the global hops market faces challenges such as fluctuating climatic conditions and supply chain disruptions. Climate change poses a significant threat to hop production, as the crop is highly sensitive to temperature and rainfall variations. Furthermore, the reliance on a few key producing regions raises concerns about supply stability. Nevertheless, ongoing research and investments in sustainable agriculture and alternative cultivation methods are expected to mitigate these challenges, paving the way for the continued expansion of the hops market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By Region
  4. Global Hops Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Europe's beer market dominance
        2. Demand for diverse flavors
        3. Medicinal hops interest
        4. Organic hops trend
      2. Restraints
        1. Farming regulations
        2. Weather-dependent yields
        3. Limited hop types
        4. Processing quality control
      3. Opportunities
        1. Expanding hops usage
        2. New hop varieties
        3. Tech for farming efficiency
        4. Untapped market entry
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Hops Market, By Product Type, 2021 - 2031 (USD Million)
      1. Cascade Hops
      2. Chinook Hops
      3. Amarillo Hops
      4. Centennial Hops
      5. Others
    2. Global Hops Market, By Application, 2021 - 2031 (USD Million)
      1. Medicinal Drugs
      2. Alcoholic Beverages
      3. Cosmetics
      4. Others
    3. Global Hops Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Direct Sales
      2. Distributors/Wholesalers
      3. Online Retail
    4. Global Hops Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. Steiner Hops Ltd.
      2. Hops Direct, LLC.
      3. Heineken UK Limited
      4. Yakima Chief Hops LLC.
      5. Bintani Australia PTY Ltd.
      6. New Zealand Hops Limited
      7. BAARTH-HAAS GROUP
      8. Hollingberry & Son Inc.
      9. Carlsberg Breweries A/S, Kalsec Inc.
      10. Charles Faram & Co. Ltd.
      11. Brewers Select Limited
      12. Crosby Hops
  7. Analyst Views
  8. Future Outlook of the Market