Hops Market 2028: Industry Trends, Key Players, Latest Insights and Demand
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 (also called seed cones or strobiles) of the hop plant, Humulus lupulus. They are used primarily as a bittering, flavoring, and stability agent in beer, to which they impart a bitter, zesty, or floral flavor. Hops are also used for various purposes in other beverages and herbal medicine. ...