The US Grapefruit Market Volume is forecasted to follow a gradual decreasing trend from 2024 to 2028. In 2023, the market stood at approximately 462.0 Thousand Metric Tons and is projected to reach 446.0 Thousand Metric Tons by 2028.
Year-on-year variations depict a steady decline with projected values as follows:
- 2024: 459.0 Thousand Metric Tons (-0.65% compared to 2023)
- 2025: 455.0 Thousand Metric Tons (-0.87% compared to 2024)
- 2026: 452.0 Thousand Metric Tons (-0.66% compared to 2025)
- 2027: 449.0 Thousand Metric Tons (-0.66% compared to 2026)
- 2028: 446.0 Thousand Metric Tons (-0.67% compared to 2027)
Notably, the compound annual growth rate (CAGR) over the last five years reaches an average decline of -0.68% per year.
Future trends to observe include shifts in consumer preferences towards other citrus fruits, potential impacts from climate change on grapefruit cultivation, and any industry innovations in grapefruit-based products. These factors can dynamically influence the market trajectory moving forward.
