In 2023, the gross production of dry beans in the US stood at 913 million US dollars PPP (2004-2006). The forecast data indicates a gradual increase from 2024 through 2028, reaching 920.54 million US dollars PPP by 2028. From 2024 to 2025, a year-on-year increase of approximately 0.17% is projected, followed by a consistent annual growth rate, culminating in a Compound Annual Growth Rate (CAGR) of about 0.17% over the forecasted period from 2024 to 2028.
Future trends to watch for include:
- Potential impacts of climate change on dry bean production efficiency and costs.
- Evolving consumer preferences toward plant-based diets that might drive demand for dry beans.
- Trade policies influencing exports, impacting overall revenue and production forecasts.
- Technological advancements in agricultural practices improving yield and quality.