In 2023, the import volume of dried shelled broad beans and horse beans to the US stood at 11.74 million kilograms. Forecast data indicates a steady increase in imports, with volumes expected to rise each year from 12.178 million kilograms in 2024 to 13.958 million kilograms in 2028.
Key Observations:
- From 2024 to 2025, a predicted year-on-year increase of approximately 3.77% in volume is expected.
- The year-on-year growth trend continues, with a similar rise of about 3.56% between 2025 and 2026.
- The compound annual growth rate (CAGR) from 2024 to 2028 is projected at around 3.48%.
Future Trends to Watch:
- Sustainability and sourcing practices might impact supply chains.
- Shifts in consumer preferences towards alternative protein sources could further drive demand.
- Trade policies and tariffs may influence import volumes and market dynamics.