The Hops Farming industry produces hops primarily for sale to brewers and third-party dealers and distributors. Hops are a primary ingredient in the production of beer and are produced in a wide array of varieties, each influencing the flavor of the final product. Overall, industry performance over the past five years can be characterized by strong demand and prices early during the period, followed by a leveling off in 2018 and 2019. As a result of these factors industry has exhibited impressive growth. Over the five years to 2024 industry revenue growth is expected to slow down as demand and price growth slow. Overall, as indicated by high end stocks and record production, the industry is currently oversupplied, which will likely cause industry supply and demand to equilibrate over the next five years.
The Hops Farming industry in the United States grows hops primarily for sale to brewers and third-party dealers and distributors.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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