Processed raspberry consumption in the US saw fluctuations from 2013 to 2023, with values reaching 0.51 Unit Pounds in 2023. The years experienced significant variations with notable peaks in 2014 and 2015 and downturns in 2016 and 2017. Over the last two years, consumption showed steady growth, with a year-on-year increase of 1.2% in 2023. The average compound annual growth rate (CAGR) over the past five years stands at 4.44%.
Looking forward from 2024 to 2028, processed raspberry consumption is expected to grow steadily with a forecasted 5-year CAGR of 0.95%, reaching 0.54 Unit Pounds by 2028. This cautionary growth suggests a stable demand with minimal fluctuations compared to previous years.
Future trends to watch for include:
• Potential shifts in consumer preferences towards healthier and plant-based foods.
• Innovations in food processing technology that may enhance product quality and shelf life.
• Economic factors influencing disposable income and spending patterns on processed foods.
• Import-export dynamics that could impact raspberry supply chains and prices.
