The forecast for the domestic consumption of shelled walnuts in the US indicates a steady growth trend from 2024 to 2028, with consumption predicted to increase incrementally each year. In 2023, domestic consumption stood at approximately 243.94 thousand metric tons. The year-on-year percentage increase is fairly consistent, averaging around 1.4% annually. Over the five-year forecast period ending in 2028, the compound annual growth rate (CAGR) is expected to remain stable, suggesting a gradual market expansion.
Future trends to watch for include potential fluctuations in production levels influenced by climatic changes and agricultural practices, which could impact supply. Additionally, health trends and consumer preferences for plant-based diets could further boost demand for walnuts, particularly in the snack and health food segments.
