The data shows forecasted dried apples consumption in the US, expressed in millions of pounds, for the years 2024 through 2028. Consumption is projected to grow steadily from 1.03 million pounds in 2024 to 1.07 million pounds in 2028. This represents a year-on-year growth rate of approximately 0.97% each year.
Looking back to 2023, actual consumption stood at 1.02 million pounds. The year-on-year variation from 2023 to 2024 is about 0.98%, indicating a consistent, albeit modest, upward trend in consumption over recent years.
Over a longer period, including both forecasted data and actual historical data, the compound annual growth rate (CAGR) is around 0.97%, indicating a stable yet slow increase in the demand for dried apples.
Future trends to watch for include potential shifts in consumer preferences, the impact of health trends on dried fruit consumption, and how pricing changes or supply chain disruptions might affect the market. Monitoring these factors can provide a more nuanced understanding of the future trajectory of dried apple consumption in the US.
