In 2023, hazelnut imports in the US stood at approximately 17.7 million pounds. The forecasted figures from 2024 to 2028 indicate a steady increase, with projected values rising from 18.05 million pounds in 2024 to 19.48 million pounds in 2028. Year-on-year variations show a consistent growth rate ranging between 2% and 2.5%. Over the five-year period, the compound annual growth rate (CAGR) is estimated to be around 1.9%.
Future trends to watch:
- Changes in consumer preferences for plant-based and nut-based products.
- Impact of global supply chain fluctuations and their effect on import prices.
- Innovations in product offerings that could spur increased hazelnut consumption.