The import of hop extract to Brazil is expected to demonstrate consistent growth from 2024 to 2028. The value for imports is forecasted to increase from $26.537 million in 2024 to $29.574 million in 2028. This represents a stable year-on-year growth rate, with a gradual rise in value. Over the past two years leading up to 2024, the import value showed a moderate increase, suggestive of a growing demand for hop extract, potentially driven by the expanding craft beer industry in Brazil.
Future trends to watch for include:
- Emerging craft beer market trends and their impact on hop extract demand.
- Potential changes in import-market policy, potentially affecting import levels.
- Global hop production fluctuations leading to pricing variability.
