In 2023, the US gross production of dry cow peas was recorded at an actual value of approximately 4.11 million US Dollars. In 2024, this figure is projected to maintain steady at 4.11 million US Dollars. However, forecasted data from 2025 to 2028 indicates a consistent decline in production value, with year-on-year decreases of around 5.35% in 2025, 5.66% in 2026, 5.99% in 2027, and 6.38% in 2028. The compound annual growth rate (CAGR) over this forecast period highlights an average annual decrease of approximately 5.85%.
Future trends to watch for include:
- Technological advancements in agricultural practices and their potential effect on yields and production costs.
- Changes in consumer demand or alternative applications for dry cow peas that could impact production.
- Policy shifts or trade agreements that may influence market dynamics and pricing.
- The impact of climate change on agricultural productivity and its resultant effects on output levels.
