In 2023, hops production in the US stood at 56,000 metric tons. The forecasted data indicates a steady growth pattern for this sector from 2024 through 2028, with projected year-on-year increases of approximately 2.7% to 2.9%. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is anticipated to be around 2.5% per year.

Future trends to watch for include:

Potential shifts in demand driven by craft beer trends and industry innovations.
Implications of climate change on hop yields and quality.
Technological advancements in agriculture affecting productivity.
Changes in regulations affecting hop farming and distribution.