The pulses market in India shows steady growth with per capita consumption forecasted at 15.97 kilograms in 2024, increasing annually by about 0.55% up to 16.34 kilograms by 2028. Assuming the 2023 per capita volume at slightly below 15.97 kilograms, the projected compound annual growth rate (CAGR) from 2024 to 2028 stands at approximately 0.58%.
Future trends to watch for:
- Rising health consciousness potentially boosting demand for protein-rich foods like pulses.
- Impact of climate change on pulse production, influencing supply and prices.
- Government initiatives aimed at enhancing pulse cultivation and consumption.
- Consumer dietary shifts and their influence on pulse consumption patterns.