In 2023, US almond production was approximately 2.55 billion pounds. Forecasts indicate a steady year-on-year growth in almond production, beginning with a 2.6 billion pounds forecast for 2024, a 2.41% increase from 2023. The production is expected to reach 2.85 billion pounds by 2028, indicating a compound annual growth rate (CAGR) of approximately 2.28% over the forecasted years up to 2028.

Future trends to watch for:

Climate change impacts, including water availability in California, the top almond-producing state.
Market demand fluctuations stemming from health trends and international trade dynamics.
Technological advancements in agriculture that may boost yield efficiency.