The consumption of canned green peas in the US is projected to decline steadily from 0.48 pounds in 2024 to 0.35 pounds in 2028. The year-on-year decrease begins at -6.25% (from 2024 to 2025), further diminishing to -8.89% (2025 to 2026), -7.32% (2026 to 2027), and ending at -7.89% (2027 to 2028). The compound annual growth rate (CAGR) over this five-year forecast period is approximately -7.66%, indicating a continuing downward trend in consumption compared to 2023 levels.
Future trends to watch for:
- Potential shifts towards fresh or alternative vegetable options, driven by health or sustainability trends.
- Impact of campaigns promoting the health benefits of canned goods on consumption patterns.
- Economic factors affecting consumer purchasing power could influence demand fluctuations.