the
hops market and it is poised to grow by USD 231.9 million during 2020-2024,
progressing at a CAGR of over 4% during the forecast period. The report offers
an up-to-date analysis regarding the current market scenario, latest trends and
drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and
pessimistic) considering the impact of COVID-19. Request for Technavio's
latest reports on directly and indirectly impacted markets. Market estimates
include pre- and post-COVID-19 impact on the Hops Market Download free sample report
The market is fragmented, and the degree of fragmentation will
accelerate during the forecast period. BarthHaas GmbH & Co. KG, Bintani
Australia Pty. Ltd., Charles Faram Ltd., Hildegard Eisemann KG, Indie Hops,
Kalsec Inc., New Zealand Hops Ltd., Steiner Hops Ltd., and Yakima Chief Hops
LLC. are some of the major market participants. To make the most of the
opportunities, market vendors should focus more on the growth prospects in the
fast-growing segments, while maintaining their positions in the slow-growing
segments.
Applications of hops in various industries has been instrumental in
driving the growth of the market.
Hops Market 2020-2024: Segmentation
Hops Market is segmented as below:
- Type
- Aroma Hops
- Bitter Hops
- Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
Hops Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study,
synthesis, and summation of data from multiple sources. Our hops market report
covers the following areas:
- Hops Market Size
- Hops Market Trends
- Hops Market Industry
Analysis
This study identifies the increasing emphasis on dual-purpose hops as
one of the prime reasons driving the hops market growth during the next few
years.
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