The forecast for hops production in the UK, expressed in Million Euros, shows a steady increase from 18.68 in 2024 to 21.15 in 2028. In 2023, the production stood at the same level prior to the noted increase starting in 2024.
The year-on-year growth from 2024 to 2025 is approximately 3.43%, followed by similar trends through 2028, indicating continual positive growth. The compound annual growth rate (CAGR) over the forecast period from 2024 to 2028 is calculated to be consistent, demonstrating a healthy upward trend in the hops production value.
Future trends to watch for include the potential impact of climate change on hop yields and quality, changing consumer preferences impacting demand, and the economic factors such as trade agreements affecting exports. Additionally, technological advancements in agriculture may further drive production efficiency and sustainability.
