The US potato market size, expressed in volume, was 17.3 million metric tons in 2023. Historical data from 2014 to 2023 shows an overall growth trend with a Compound Annual Growth Rate (CAGR) of 0.24% over the last five years. Year-on-year variations highlight occasional fluctuations, such as a decline in 2015 by 3.27% and a significant increase in 2016 by 5.3%. The latest two years have shown mild growth, with a year-on-year increase of 0.23% for both 2022 and 2023.
Looking forward to forecasted data from 2024 to 2028, the US potato market volume is expected to continue its gradual growth, reaching 17.48 million metric tons by 2028. The forecasted five-year CAGR from 2024 to 2028 is anticipated to be 0.17%, which reflects a growth rate of 0.85% over the period.
Future trends to watch for in the US potato market include advancements in sustainable agriculture practices, shifts in consumer preferences towards organic and non-GMO products, and potential impacts of climate change on crop yields. Monitoring these trends will be crucial for forecasting future market developments.
