Based on the forecast data for shelled almonds supply in the US from 2024 to 2028, anticipated growth from 2023 is steady. For context, the supply in 2023 was below 1.6078 million metric tons. With the yearly increases, by 2025, the supply is expected to be 1.6488 million metric tons, reflecting a consistent upward trend through to 2028 reaching 1.7694 million metric tons. The compounded annual growth rate (CAGR) over this forecast period illustrates a steady increase in supply year-on-year.
Future trends to watch for:
- Potential impacts of climate change on almond production, especially water availability.
- Shifts in consumer demand for almonds and almond-based products.
- Legislative changes concerning agricultural practices and land use.
- Improvements in agricultural technology that may affect yield efficiency.
