The forecast for hop extract imports to India from 2024 to 2028 shows a steady increase every year. Starting at $4.697 million in 2024, imports are projected to grow consistently, reaching $5.196 million by 2028. This indicates a year-on-year growth rate of approximately 2.7%, demonstrating a moderate yet steady rise in demand or dependency on foreign hop extract. Value stood at $4.573 million in 2023, suggesting a growing interest or need in this sector. The CAGR over this forecast period is approximately 2.56%, reflecting stability in import growth.
Future trends to watch include the impact of domestic hop production on import reliance, changes in local consumer preferences for beverages using hops, and any shifts in international hop extract markets that could affect pricing or availability. Additionally, policy shifts in trade relations or tariffs could also influence future import dynamics.
