In 2023, the US vegetables market size volume stood at 36.45 million metric tons. A review of historical data from 2014 to 2023 reveals a general decline in market size, with the largest drop occurring in 2017 (-3.33%) and relatively minor fluctuations thereafter. The average year-on-year variation over the last two years is -0.29%, and the Compound Annual Growth Rate (CAGR) over the last five years sits at -0.26%. Forecasts indicate a continued downtrend, with the market size expected to fall to 35.90 million metric tons by 2028, reflecting a forecasted 5-year CAGR of -0.24% and a forecasted 5-year growth rate of -1.2%.
Future trends to watch for include potential impacts of climate change on crop yields, shifts in consumer preferences towards organic and locally-sourced products, and advancements in agricultural technology that may alter production efficiencies and market dynamics.
