In 2023, the volume of the Orange and Mandarines market in the US stood at 5.63 million metric tons. Forecasted data indicates a gradual decrease in market size from 2024 to 2028. Specifically, volumes are expected to decline from 5.52 million metric tons in 2024 to 5.11 million metric tons by 2028.
Year-on-year percentage variations for the forecasted years are as follows:
- From 2023 to 2024: -1.95%
- From 2024 to 2025: -2.00%
- From 2025 to 2026: -1.85%
- From 2026 to 2027: -1.88%
- From 2027 to 2028: -1.92%
The Compound Annual Growth Rate (CAGR) over the forecasted period from 2023 to 2028 is approximately -1.85%, indicating a consistent and steady decline in market size.
Future trends to watch for include potential impacts of climate change on crop yields, evolving consumer preferences towards healthier snacking options, innovations in agricultural technology, and economic factors influencing both production and consumption.
