In 2023, US dry beans production was a known value; however, forecasts between 2024 and 2028 indicate a consistent downward trend. Production is expected to decrease each year, from 887.45 thousand metric tons in 2024 to 797.53 thousand metric tons in 2028. The year-on-year percentages show a steady decline, averaging an estimated compound annual growth rate (CAGR) over the five-year period. This suggests structural changes in the market or agricultural challenges could be influencing these forecasts.
Future trends to watch for:
- Impact of climate change on crop production and yield.
- Shifts in consumer demand toward alternative protein sources.
- Potential government policies aimed at supporting domestic agriculture.
- Technological advancements in agriculture that could boost yield.
