The U.S. tomato market is forecasted to experience a gradual decline in volume from 2024 to 2028. The volume in 2023 stood at 10.85 Million Metric Tons. In 2024, the forecasted volume is 10.68 Million Metric Tons, which represents a 1.57% decrease from 2023. Subsequent years continue this downward trend with a 1.59% decrease in 2025 (10.51 Million Metric Tons), another 1.61% drop in 2026 (10.34 Million Metric Tons), and a further 1.61% decline in 2027 (10.17 Million Metric Tons), culminating in a 1.67% decrease in 2028 (10.0 Million Metric Tons).
Over the five-year period, the compound annual growth rate (CAGR) is -1.57%, indicating a consistent average annual decline in market volume. This negative growth trend highlights the reduced demand or supply constraints affecting the U.S. tomato market.
Future trends to watch for include potential impacts from climate change on tomato yield, shifts in consumer preferences towards alternative food options, and advancements in agricultural technology that could influence productivity. Monitoring these aspects will be crucial for anticipating further market developments.
