In 2023, the consumption of dry red kidney beans in the US stood at approximately 0.22 pounds. The forecast for the following years shows a declining trend: 0.2 pounds in 2024, 0.18 pounds in 2025, 0.16 pounds in 2026, 0.15 pounds in 2027, and 0.13 pounds in 2028. This suggests a year-on-year decrease of approximately 10% from 2023 to 2024 and continuing at a diminishing rate thereafter. The Compound Annual Growth Rate (CAGR) over this five-year period is projected at -10.58%.
Future trends to watch for include:
- Changing dietary preferences towards alternative protein sources.
- Impact of health trends promoting plant-based diets.
- Market developments in plant-based protein industries.
