| Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 8.88 Billion | USD 14.02 Billion | 4.68% | 2024 |
FrequentlyAsked Questions
Hop also known as Humulus lupulus is a dioecious perennial climber plant that is a part of the Cannabacea family. Moreover, it is cultivated for household, medicinal, and culinary use. In addition to this, it finds extensive application in the brewing industry as hop products are utilized for flavoring beer and ales. For the record, hop shoots are vegetables that have garnered massive popularity in Europe. Reportedly, hop shoot plants can adapt to latitudes ranging from 30 degrees to 50 degrees. North & South of Equator. Moreover, a long day length is necessary for flowering these plants. For the record, good growth of hop shoot plants is witnessed in the temperature ranging between 40 degree Fahrenheit to 70 degree Fahrenheit.
The global hop shoots market is projected to expand over 2023-2030 owing to a rise in health benefits offered by hops due to its anti-oxidant and anti-inflammatory features along with its ability to offer protection to individuals against various infections will boost the global market trends. Moreover, clinical studies have revealed that hop plants offer huge health benefits to consumers and hence they are in huge demand across the global vegetable markets. These plants are used for effectively treating tuberculosis, skin disorders, and insomnia.
According to a study, the global HOP shoots market size was worth around USD 8.88 Billion in 2024 and is expected to reach USD 14.02 Billion by 2034.
The global HOP shoots market is expected to grow at a CAGR of 4.68% during the forecast period.
The global hop shoots market is anticipated to be dominated by Europe in the ensuing years owing to massive production of hop shoots in European countries such as Germany, the Czech Republic, Slovenia, Poland, the UK, France, and Spain.
The global hop shoots market is led by players like Ausmauco Biotech Co., Limited, Hopsteiner, Barth-Haas Group, The Hop Planter Association Tettnang E.V., DVKSP Impex Pvt. Ltd., Nanjing NutriHerb BioTech Co., Ltd, Agrifarming, Imperial Malts Limited, Sv Agrofood, Navchetana Kendra Health Care Private Limited, Ayush Herbals & Healthcare Private Limited, Navchetana Kendra Health Care Private Limited, Dev Lifesciences Pvt Ltd, Sudhanta Herbal Products, and Phyto herbal.
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