In 2023, the bananas market size volume per capita in the US stood at 11.95 kilograms. From 2024 onwards, the forecasted data show a gradual increase: 11.96 kg in 2024, 11.97 kg in 2025, 11.99 kg in 2026, 12.01 kg in 2027, and 12.02 kg in 2028. Although these changes may appear small on an annual basis, they reflect a consistent, albeit modest, upward trend. The year-on-year variation percentages show minimal fluctuations, indicating steady consumption patterns. Over the last two years (2022-2023), the annual growth rate is negligible, but over five years, the Compound Annual Growth Rate (CAGR) reveals an average annual increase.
Future trends to watch for include shifts in consumer preferences towards organic and sustainable produce, potential economic factors impacting purchasing power, and advancements in agricultural technology improving banana yield and availability. These factors could either bolster the current upward trend or introduce variability in market size volume per capita.
