The U.S. raisins production forecast from 2024 to 2028 shows a consistent decline. Starting from 223.03 thousand metric tons in 2024, the production is projected to decrease steadily at a year-on-year rate, reaching 197.83 thousand metric tons by 2028. The average annual decrease, or Compound Annual Growth Rate (CAGR), over these five years is negative, indicating a contracting market. In 2023, production stood at a higher level, reflecting this downward trend from 2024 onward.
Future trends to watch include potential changes in global demand, shifts in consumer preferences towards alternative snacks, or impacts from climatic changes affecting grape production. Monitoring these factors will be key in assessing future industry dynamics.
