The average price of hops in the United States has been fluctuating for the past several years. Between 2016 and 2022, the price of a pound of hops has been between **** and *** U.S. dollars.

Hop production in the U.S. In the United States, hop production reached an all-time high in 2021, when around ****** million pounds of hops were produced. To put this figure in perspective, in 2012 only around ***** million pounds of hops were produced in the United States. The vast majority of hops in the United States are cultivated in Washington, Idaho, and Oregon. Washington had the highest production volume of hops in 2022, at about **** million pounds, which was over half the total production volume of the country.

Craft beer in the U.S. Hops are one of the most popular ingredients in the beer brewing process as it gives the beer a more complex and balanced flavor. Typically, beer that is heavily flavored with hops can be quite bitter, which is not to everyone’s taste. Recently, “hoppy” beers have become extremely popular in the United States with the craft beer movement. Craft beer is expected to become even more popular in the United States, reaching a retail dollar sales share of **** percent by 2020.

View yearly updates and historical trends for US Hops Price Received. from United States. Source: US Department of Agriculture. Track economic data with Y…

In July 2022, the hop price per ton stood at $21,295, surging by 26% against the previous month.

The U.S. hop market reduced to $576M in 2024, with a decrease of -1.6% against the previous year. Over the period under review, consumption, however, enjoyed a buoyant expansion. Hop consumption peaked at $613M in 2021; however, from 2022 to 2024, consumption failed to regain momentum.

此數據集包含根據用戶定義的預測的未來幾年 Hop Protocol 的預測價格。

Detailed Price metrics and analytics for Hop Protocol, including historical data and trends.

The global hop market shrank to $2.5B in 2024, with a decrease of -4.2% against the previous year. Overall, consumption, however, enjoyed prominent growth. Global consumption peaked at $2.6B in 2023, and then dropped slightly in the following year.

European Hops Price Index by Country, 2022 Discover more data with ReportLinker!

The Hops Market size was valued at USD 8.64 Million in 2023 and is projected to reach USD 13.60 Million by 2032, exhibiting a CAGR of 6.70 % during the forecast periods. The increasing demand for hybrid seeds, government initiatives promoting hop cultivation, heightened awareness of food security concerns, and advancements in technology are key drivers fueling market growth. Hybrid seeds offer benefits such as higher yield, disease resistance, and better quality, making them attractive to hop growers. Government initiatives provide financial and technical support to farmers, encouraging them to embrace hop cultivation. Rising food security concerns have prompted governments and organizations to focus on increasing agricultural output, including hop production. Technological advancements in hop harvesting, processing, and storage techniques enhance efficiency, reduce costs, and improve hop quality. Recent developments include: January 2023: BarthHaas launched an all-new company website where hop services providers can present their extensive portfolio in an updated design and very clearly structured form. Hence, searching for information about the company, its products, and its services will be easier and more intuitive., January 2023: Crosby Hops, an integrated hop grower, processor, and merchant, announced the official expansion of its product offerings to include cryogenically processed lupulin pellets. Its new CGX concentrated pellets are available in several varieties, which makes it possible to brew aggressively-hopped beers that can improve yields and margins while reducing the environmental footprint of production.. Key drivers for this market are: , Awareness About Health Benefits Associated With Pecan Consumption; Wide Application of Pecan. Potential restraints include: , Volatility in the Prices; Adverse Weather Conditions Affecting Yield. Notable trends are: Craft Beer is Elevating the Demand for Bittering Hops.

The Japanese hop market surged to $63M in 2024, increasing by 15% against the previous year. In general, the total consumption indicated notable growth from 2012 to 2024: its value increased at an average annual rate of +4.2% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -8.6% against 2020 indices.

The German hop market fell notably to $300M in 2024, waning by -25.2% against the previous year. Overall, consumption, however, posted a moderate expansion. Hop consumption peaked at $401M in 2023, and then dropped sharply in the following year.

European Hops Production at Producer Price by Country, 2022 Discover more data with ReportLinker!

In 2024, the Indian hop market decreased by -33.1% to $6.2M, falling for the second year in a row after two years of growth. In general, consumption, however, saw a prominent increase. Hop consumption peaked at $11M in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

European Hops Production at Producer Price Share by Country (Million Euros), 2022 Discover more data with ReportLinker!

According to Cognitive Market Research, the global Hop Extracts Market size was USD 1714.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 3.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 685.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 514.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 394.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 85.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 34.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
The Bittering Agent category is the fastest growing segment of the Hop Extracts industry

Market Dynamics of Hop Extracts Market

Key Drivers for Hop Extracts Market

Rise in Craft Beer Consumption to Boost Market Growth

The craft brewing sector places a strong emphasis on unique and varied flavors that significantly rely on premium hop products, which is one of the main factors driving the market for hop extracts. In comparison to conventional hop cones or pellets, hop extracts offer more brewing efficiency and are preferred by craft brewers due to their capacity to produce consistent bitterness, distinctive fragrances, and increased flavor profiles. Brewers can experiment with intricate formulas and attain exact flavor control with hop extracts, which is crucial for satisfying customers' changing palates. The demand for premium hops and their extracts has also increased as a result of the craft beer movement's global expansion, especially in developing regions like Asia-Pacific and Latin America. Customers' growing taste for artisanal, premium beverages is another factor contributing to this increase, guaranteeing continuing market expansion.

Technological Advancements in Extraction to Drive Market Growth

The market for hop extracts is mostly driven by technological developments in extraction techniques, which allow for increased sustainability, quality, and efficiency. Supercritical CO2 extraction is one innovation that makes it possible to precisely isolate the essential hop chemicals, guaranteeing consistency in scent and bitterness while reducing waste. The manufacture of light-stable hop extracts is enhanced by sophisticated isomerization processes, meeting the needs of transparent beer packaging. For craft brewers looking for distinctive flavor profiles, enhanced hop oil recovery techniques concentrate on preserving delicate aromatic components. Additionally, eco-friendly extraction technologies support sustainability objectives by lowering energy use and environmental effect. These developments increase the range of applications, draw in both industrial and craft brewers, and promote expansion in the worldwide market for hop extracts.

Restraint Factor for the Hop Extracts Market

Supply Chain Challenges, will Limit Market Growth

Growth in the hops extract business is hampered by serious supply chain issues. Hop farming is impacted by climate change and weather fluctuation, which results in uneven raw material quality and availability. Dependency on particular hop-growing regions makes a crop more susceptible to geopolitical problems and environmental disturbances. Supply chains are under additional strain as a result of rising transportation and logistics costs, especially when exporting hop extracts to growing markets. Due to their high prices and constrained distribution networks, smaller breweries also have trouble obtaining specialist hop extracts. Additionally, seasonal demand fluctuations in the brewing industry make it difficult for suppliers to manage their inventories. For the hops extract industry to have a steady supply and cost effectiveness, these issues call for investments in sustainable farming, varied sourcing, and enhanced logistics.

Impact of Covid-19 on the Hop Extracts Market

The market for hop extracts was...

In February 2023, the Hop price amounted to $11,287 per ton (CIF, India), growing by 52% against the previous month.

Brewer’s Hop Oil Market Outlook

As per our latest research, the global Brewer’s Hop Oil market size reached USD 141.2 million in 2024, reflecting robust demand from the brewing and beverage industries. The market is poised to grow at a CAGR of 7.8% between 2025 and 2033, with projections indicating a value of USD 278.6 million by the end of 2033. Key growth drivers include the rising craft beer movement, increasing adoption of natural flavoring agents, and technological advancements in extraction methods. The brewer’s hop oil market continues to evolve, shaped by both consumer preferences for premium beverages and ongoing innovation in hop oil production and application.

The primary factor fueling the growth of the brewer’s hop oil market is the surging popularity of craft breweries worldwide. As consumers increasingly seek unique and high-quality beer experiences, craft brewers are turning to hop oils for their ability to impart intense and consistent hop flavors and aromas. Unlike traditional hop pellets or cones, hop oils offer brewers greater flexibility in recipe formulation, batch consistency, and flavor customization. This trend is particularly pronounced in North America and Europe, where the craft beer revolution has matured and consumers are willing to pay premium prices for artisanal products. The versatility of hop oils also enables breweries to reduce waste, optimize production costs, and achieve more sustainable operations—all critical factors in today’s competitive brewing landscape.

Another significant driver is the growing application of brewer’s hop oil beyond the brewing industry. The food and beverage sector is increasingly incorporating hop oil as a natural flavoring agent in non-alcoholic beverages, teas, and even culinary dishes. The pharmaceutical and cosmetics industries have also recognized the potential of hop oil due to its antioxidant, antimicrobial, and anti-inflammatory properties. This diversification of end-use applications is expanding the market’s addressable base and attracting new entrants from adjacent sectors. Moreover, the global shift toward clean-label, natural ingredients is pushing manufacturers to adopt hop oil as a safer, more transparent alternative to synthetic flavorings, further propelling market growth.

Technological advancements in extraction and processing methods have played a pivotal role in enhancing the quality and accessibility of brewer’s hop oil. Innovations such as CO2 extraction and steam distillation have enabled producers to obtain purer, more concentrated hop oils with minimal loss of volatile aromatics. These advancements not only improve product efficacy but also extend shelf life and simplify logistics for brewers and other end-users. Additionally, the development of new hop varieties and customized oil blends is allowing manufacturers to cater to niche market demands and create differentiated products. As a result, the brewer’s hop oil market is witnessing increased investment in research and development, further accelerating innovation and market expansion.

Regionally, North America and Europe dominate the brewer’s hop oil market, accounting for the largest shares due to their established brewing industries and high consumer awareness. However, the Asia Pacific region is emerging as a significant growth engine, driven by rising disposable incomes, expanding urban populations, and a burgeoning craft beer culture. Countries like China, Japan, and Australia are witnessing a surge in microbreweries and premium beverage consumption, creating new opportunities for hop oil producers. Latin America and the Middle East & Africa, while currently smaller markets, are also expected to see steady growth as global beverage trends and health-conscious preferences permeate these regions.

Product Type Analysis

The brewer’s hop oil market is segmented by product type into CO2 extracted hop oil, steam distilled hop oil, solvent extracted hop oil, and others. CO2 extracted hop oil ho

The pellet hops market is experiencing robust growth, driven by increasing demand from the brewing industry. The shift towards convenient, standardized hop utilization in large-scale brewing operations is a significant factor fueling this expansion. Pellet hops offer brewers a consistent product with improved storage and handling capabilities compared to whole hops, contributing to enhanced efficiency and reduced waste. The market is segmented by various factors including hop variety, geographical location, and end-use application (e.g., craft brewing, large-scale brewing). While precise figures for market size and CAGR aren't provided, considering industry reports and the growth trajectory of the brewing sector, a reasonable estimation places the 2025 market size at approximately $500 million USD, with a projected CAGR of 6% from 2025 to 2033. This growth is anticipated to continue, driven by increasing craft beer consumption and the global expansion of the brewing industry, particularly in emerging markets. However, factors such as fluctuating hop yields due to climate change and the potential for price volatility in raw materials pose challenges to sustained growth. Key players in the market, including Hopsteiner, Yakima Chief Hops, and John I. Haas, are continuously innovating to enhance product quality and meet the growing demand. Further market segmentation analyses would reveal more granular insights into specific regional trends and preferences for hop varieties. The competitive landscape is characterized by both large multinational corporations and smaller, specialized hop farms. This diverse player base creates a dynamic market with ongoing innovation in hop varieties and processing techniques. Strategic partnerships between hop growers and brewing companies are becoming increasingly common, leading to greater collaboration and supply chain optimization. The future outlook for pellet hops remains positive, with projected expansion across various geographical regions. However, sustainable sourcing practices and addressing environmental concerns related to hop cultivation will play a crucial role in shaping the long-term growth trajectory of this market.

The global beer pellet hops market, valued at $81 million in 2025, is projected to experience robust growth, driven by increasing beer consumption, particularly craft beers, which favor the use of pellet hops for consistent flavor and aroma profiles. The market's Compound Annual Growth Rate (CAGR) of 6.8% from 2025 to 2033 indicates a substantial expansion, reaching an estimated value exceeding $150 million by 2033. This growth is fueled by several key factors, including the rising popularity of IPAs and other hop-forward beer styles, the efficiency and convenience offered by pellet hops compared to whole hops, and the continuous innovation in hop varieties leading to unique flavor profiles. Major players like Hopsteiner, Yakima Chief Hops, and John I. Haas are driving this growth through investments in research and development, as well as strategic partnerships with breweries. However, factors like fluctuating hop yields due to weather patterns and potential price volatility pose challenges to market stability. The market segmentation is likely to see further differentiation, driven by hop variety and regional preferences, creating opportunities for specialized producers to target niche segments within the craft beer industry. The beer pellet hops market presents significant opportunities for both established players and new entrants. While the dominance of established companies like those listed is undeniable, there's increasing room for smaller, specialized farms and processing facilities catering to specific craft breweries or emphasizing sustainably grown hops. Future market developments will likely focus on enhanced traceability, supply chain transparency, and environmentally friendly cultivation practices, aligning with growing consumer demand for responsible sourcing. This increased consumer awareness, coupled with the ongoing evolution of beer styles and brewing techniques, points to a future where beer pellet hops play an even larger role in the global brewing industry, driving further expansion and innovation within the sector.

11 Global export shipment records of Hop Pellets with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.