The production of fresh bell peppers in the US is forecasted to decrease from 1.21 billion pounds in 2024 to 1.13 billion pounds by 2028. This indicates a steady downward trend, with each consecutive year showing a slight decrease. With the base year at 2023 showing slightly above 1.21 billion pounds, a year-on-year decline is noticeable, culminating in a compound annual growth rate (CAGR) of approximately -1.69% over the five-year period from 2024 to 2028.
Future trends to watch for:
- Changes in consumer dietary preferences impacting demand.
- Climate change effects on agricultural yields.
- Technological advancements enhancing production efficiency.
- Potential policy changes affecting farming practices and exports.
