The demand for beans in the US is projected to experience modest growth from 2024 to 2028. The data indicates a slight increase each year, moving from 984.0 thousand metric tons in 2024 and 2025 to 987.0 thousand metric tons by 2028. This reflects a stable market, with an average year-on-year growth of approximately 0.25%. With no significant fluctuations, the compound annual growth rate over this five-year period is minimal.
Future trends to watch for include:
- Changing consumer preferences towards healthier, plant-based diets could influence an increase in demand.
- Environmental factors affecting crop yields, which could impact supply and prices.
- Policy changes concerning agriculture and imports that may impact the domestic beans market.