Over the past decade, cherries consumption in the US has shown variability with a notable dip of 30.88% in 2013, followed by substantial recovery and moderate annual growth. As of 2023, cherries consumption stood at 2.26 pounds per person. The last two years exhibit minimal variations of 0.72% and 0.71% respectively. Over the most recent five-year period, the Compound Annual Growth Rate (CAGR) was 1.51%. Looking forward, the forecasted CAGR for the next five years stands at 0.51%, with an estimated total growth rate of 2.59%.
Future trends to watch for include factors influencing consumer preferences such as health benefits, seasonal availability, pricing, and potential market expansions. Additionally, climatic conditions impacting cherry production and supply chain efficiencies will be crucial in shaping consumption patterns.
