The Vegetable and Melon Farming Industry in the US is projected to see steady growth from 2024 to 2028. With the gross output expected to modestly rise from $23.17 billion in 2024 to $23.98 billion in 2028, indicating a consistent year-on-year increase. This growth trend is reflected in the estimated Compound Annual Growth Rate (CAGR), underscoring a stable upward trajectory over the five-year period. Looking back at the industry data for 2023, the industry has shown robust performance, setting a solid base for these forecasts.
Future trends to watch for in this industry include:
- Technological advancements leading to enhanced production efficiency.
- Increasing consumer demand for organic and locally sourced produce.
- Potential impacts of climate change on crop yields and sustainability.
- Innovation in supply chain and distribution models to minimize losses and maximize freshness.
