In 2023, the dry black bean consumption in the US stood at 1.42 pounds. The forecasted data shows a steady increase in consumption with a year-on-year growth rate from 2024 through 2028 averaging around 2-3% annually. Specifically, consumption is predicted to rise from 1.45 pounds in 2024 to 1.6 pounds by 2028. This translates to a compound annual growth rate (CAGR) of approximately 2.44% from 2024 to 2028, indicating a consistent demand for dry black beans among US consumers.
Future trends to watch for include:
- Shifts towards plant-based diets which may spur higher demand.
- Potential impacts of price fluctuations and trade policies on supply and consumption.
- Consumer preferences for locally sourced and organic products influencing market dynamics.
