Hops Market 2028: Share, Size, Growth, Opportunity and Forecast
IMARC Group, a leading market research company, has recently releases report titled “ Hops Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. ” The study provides a detailed analysis of the industry, including the global hops market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market. How Big is the Hops Market? The global hops market size reached US$ 8.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.3 Billion by 2028, exhibiting a growth rate (CAGR) of 6.90% during 2023-2028. What is hops? Hops are the flowers of the hop plant, Humulus lupulus, commonly used as a bittering, flavoring, and stability agent in the brewing of beer. Native to temperate regions, the hop plant is a climbing, herbaceous perennial. The hop flowers, also known as strobiles or cones, contain various oils and acids, including alpha acids,