The demand for beans in China is projected to increase steadily from 2024 to 2028, with values rising from 666.4 thousand metric tons to 720.2 thousand metric tons over this period. This represents an average annual growth rate (CAGR) of approximately 2.0%. In 2023, the actual beans demand was positioned below the 2024 value, reflecting consistent year-on-year growth. The demand is expected to continue increasing, signifying a positive trend in consumption.
Future trends to watch for include:
- Shifts in dietary preferences towards plant-based diets, which could further boost demand.
- Potential impacts of trade policies and climate change on supply and price dynamics.
- Technological advancements in agriculture that may influence production efficiency and cost.
