In 2023, the import of hop extract to the US was valued at $9.239 million. Forecasted data shows a consistent year-on-year growth, with values rising from $9.778 million in 2024 to $11.055 million by 2028. This represents a Compound Annual Growth Rate (CAGR) of approximately 3.1% over the five-year period.

Future trends to watch for:

Impact of changing consumer preferences on craft beer production, driving hop extract demand.
Potential trade policies and tariffs that could influence importation costs and volumes.
Sustainability practices in hop cultivation, possibly affecting supply chains.
Technological advancements in brewing processes leveraging hop extract.