The forecast for chicory and lettuce gross production in the US shows a gradual increase from 2024 to 2028, beginning at approximately 1.44 billion US dollars PPP in 2024. This represents steady, moderate growth compared to the actual values in 2023. The year-on-year variation averages around 0.6%, with the compound annual growth rate (CAGR) for the five-year projection period standing at approximately 0.6% per year. This indicates consistent market expansion for these commodities.
Future trends to watch include:
- Potential impacts of climate change on crop yields, which could affect supply and prices.
- Advancements in agricultural technology that may boost efficiency and production levels.
- Shifts in consumer preferences towards organic or locally sourced produce, which could influence demand patterns.