In 2023, India's import of dried shelled broad beans and horse beans stood at approximately 11 million kilograms. Since 2024, the import volume is projected to grow, with a 3.8% increase year-on-year by 2025. The trend continues upwards, reaching around 12.989 million kilograms by 2028. This reflects a compound annual growth rate (CAGR) of about 3.4% from 2024 to 2028, suggesting steady growth in demand.
Future trends to watch for include:
- Changes in domestic agricultural policies affecting local cultivation.
- Shifts in consumer preferences toward plant-based proteins.
- Impact of global trade agreements or tariffs on import dynamics.
