The forecasted volume of oilseeds per capita in the US remains stable at 6.41 kilograms from 2024 to 2026 and slightly decreases to 6.4 kilograms in 2027 and 2028. For context, the data for 2023 shows a consistent trend in consumption levels, indicating minimal change year-on-year. The Compound Annual Growth Rate (CAGR) over the five-year forecasted period is effectively flat, denoting stability in per capita consumption of oilseeds.
Future trends to watch for include:
- Impact of potential shifts in dietary trends towards plant-based foods on oilseeds consumption.
- Influence of climate change on oilseed crop yields and subsequent market adjustments.
- Potential policy changes impacting agricultural practices and import-export dynamics.