In 2023, US peanuts consumption stood at 7.43 pounds per capita. The forecast from 2024 through 2028 shows a gradual increase in consumption. From 2024 to 2025, the growth rate is approximately 0.54%, followed by similar year-on-year increments through 2028, ending at 7.62 pounds. The five-year compound annual growth rate (CAGR) from 2024 to 2028 is projected at 0.52% per annum.
Future trends to watch for include potential shifts in consumer preferences towards plant-based diets, which could boost peanut consumption. Additionally, innovations in peanut-based products and increased health awareness could drive this upward trend. Monitoring economic factors and agriculture policies will be essential for accurate forecasts.
