Processed cherries consumption in the US demonstrated a fluctuating pattern from 2013 to 2023, reaching 0.93 pounds in 2023. The period started with a notable decline from 2013 to 2014 but revealed intermittent growth, peaking in 2015. A trend of modest variability marked the following years, with consumption experiencing a slight uptick or decline annually. The year-on-year growth for 2023 was 0.54%, and the compound annual growth rate (CAGR) over the last 5 years stood at 2.92%.
Looking forward, consumption is projected to maintain a relatively stable growth trajectory. The forecasted 5-year CAGR till 2028 is estimated at 0.44%, representing a 2.24% overall increase. Future trends to watch include potential impacts from health trends, supply chain disruptions, and changes in consumer preferences towards fresher alternatives or other processed fruits.
