Almonds remain one of the best investments for limited water resources as they generate a solidly good economic return.
Also, they provide a good economic return for farmers as they generate a high price per pound and have a secondary market for their hulls and shells.
As a result, its market is expected to grow in the next few years as more consumers demand plant-based and nutritious foods.
Overall, the average price of almonds will be $7,884 per metric ton in 2027. Market analysts predicted that its market size will grow to $12.57 billion by 2028, at a CAGR of 5.55% during the forecast period of 2023-2028.