| Year | Consumption (Pounds) | YoY Variation (%) |
|---|---|---|
| 2024 | 3.30 | - |
| 2025 | 3.03 | -8.18% |
| 2026 | 2.76 | -8.91% |
| 2027 | 2.50 | -9.42% |
| 2028 | 2.24 | -10.40% |
Analysis over the last two years shows a continual decline in consumption from 2024 to 2025 by 8.18%, which accelerates to 8.91% from 2025 to 2026. When considering a longer period, the Compound Annual Growth Rate (CAGR) over the forecasted five years indicates an average annual decline of approximately 10.00%.
Future Trends to Watch
Factors such as shifting consumer preferences, climate change impacts on agriculture, and potential changes in pricing and availability are crucial to monitor. Innovative marketing strategies and health-related campaigns might play a significant role in altering consumption patterns in the future. Additionally, any advancements or changes in agricultural practices could either mitigate or exacerbate the declining trend.
