The US beans market was at 938 thousand metric tons in 2023. There is a modest growth forecast from 2024 to 2028 with volumes increasing from 940 thousand metric tons in 2024 to 945 thousand metric tons in 2028. Year-on-year growth remains marginal, hovering around 0.1% to 0.2%. The compound annual growth rate (CAGR) over these five years is approximately 0.15%.
Future trends to watch:
- Changes in consumer preferences towards plant-based diets could boost demand.
- Impact of environmental regulations on agricultural practices.
- Innovation in beans-based products and convenience foods.
