In 2023, shelled almonds production in the US stood at approximately 1.3 million metric tons. Forecasted data suggests a progressive increase with values reaching 1.3363 million metric tons in 2024 and projected to rise to 1.477 million metric tons by 2028. Notably, the year-on-year growth rates from 2024 to 2028 are around 2% to 3%, indicating a steady growth trajectory. The compound annual growth rate (CAGR) over this five-year period is approximately 2.5%.
Future trends to watch for include potential impacts of climate change on almond yields, water scarcity issues in major growing regions, and shifting consumer preferences which may alter demand dynamics. Additionally, technological advancements in agriculture may enhance production efficiency.
