The forecast for raisins' domestic consumption in the US shows a declining trend. The consumption is expected to decrease from 198.18 thousand metric tons in 2024 to 192.27 thousand metric tons in 2028. As of 2023, the sector stood at a slightly higher level, as the forecast indicates a gradual annual decrease.
Year-on-year, the consumption is predicted to decline gradually, averaging approximately -0.76% per year over the five-year period from 2024 to 2028. This corresponds to a negative compound annual growth rate (CAGR), indicating the sector's contraction.
Future trends to watch for include potential shifts in consumer preferences toward healthier alternatives, demographic changes affecting buying patterns, and innovation in product offerings that could alter the current trajectory. Additionally, consider monitoring the impact of market dynamics like price changes, supply chain stability, and economic conditions on the domestic consumption of raisins.
