As of 2023, the import of dried shelled urd, mung, black, or green gram beans to the US stood at $48.7 million. Forecast data shows a steady increase from 2024 to 2028, with annual values rising from $49.787 million in 2024 to $53.996 million in 2028. The Compound Annual Growth Rate (CAGR) over these five years is estimated at about 2.06%. The year-on-year growth rates reflect a consistent upward trend, indicative of stable demand and possibly expanding consumer preference for these legumes.
Future trends to watch include:
- Potential shifts in consumer dietary preferences toward plant-based proteins.
- Trade policy changes that could impact import costs and volume.
- Effects of climate change on the production and supply chain of these beans globally.