In 2023, the export volume of dry red kidney beans in the US was 198 million pounds. Forecasts for 2024 to 2028 predict a steady increase from 203.91 to 233.82 million pounds. This reflects year-on-year growth rates of approximately 3.8% to 3.2% over the period, with an average compound annual growth rate (CAGR) of about 3.4% from 2024 to 2028.
Future trends to watch for include:
- Potential shifts in consumer preferences towards plant-based protein sources, driving demand.
- Export challenges or enhancements due to trade policies and global market conditions.
- Impact of climatic changes on crop yield and bean quality affecting supply and pricing.