Pistachio market update and outlook to 2028/29: Bearing acreage to flatten out

As the fastest-expanding tree nut industry in California, the pistachio industry has experienced a significant transformation over the past decade. Driven by a steadily expanding pistachio-bearing acreage, the US has become the largest producer, exporter, and consumer of pistachios globally, establishing itself as the dominant force in the world market. Profitability and orchard resilience to droughts and salinity have been relevant drivers to recent planting expansion. As the US pistachio industry is likely to experience a massive supply increase, efforts to create demand, such as marketing innovation and research on healthfulness, will continue to be critical to support prices. Continued adoption of economically sustainable practices will maintain positive margins for efficient operators.