The forecasted import volume of pulses in the US shows a steady upward trend from 2023 to 2028, illustrating a consistent annual growth of approximately 2.2%. As of 2023, the import volume stood at 224.0 thousand metric tons. The year-on-year variation indicates a stable increase in demand, likely driven by rising consumer awareness of plant-based proteins and their health benefits. Over the past five years, the Compound Annual Growth Rate (CAGR) suggests sustained expansion in this sector.
Future trends to watch for include:
- Increasing health consciousness and dietary shifts towards plant-based proteins.
- Potential impact of climate change on global pulse production and supply chains.
- Trade policy changes that could affect import volumes and sourcing strategies.
- Technological advancements in agricultural practices aimed at boosting pulse yields.
