The forecasted production of hazelnuts in the US from 2024 to 2028 shows a steady increase from 42.02 to 45.58 million pounds. In 2023, the production stood at approximately 41.23 million pounds, reflecting a consistent upward trend. Year-on-year growth rates are about 2.19%, 2.08%, 2.00%, and 1.95% respectively from 2025 onwards. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is projected to be 2.05%.
Future trends to watch for include:
- Impact of climate change on production capabilities
- Technological advancements in farming practices
- Market demand fluctuations due to changes in consumer preferences
- Trade policies affecting import-export dynamics
