The pulse market in the US is expected to see a steady increase in volume from 2024 to 2028, starting at 120.0 thousand metric tons in 2024 and reaching 141.0 thousand metric tons by 2028. This reflects a consistent year-on-year growth, showcasing positive market sentiment and increased demand for pulses. The compound annual growth rate (CAGR) over these five years stands at approximately 4.1%.
Looking back, the volume in 2023 was 115.0 thousand metric tons. This means the market experienced a year-on-year increase of about 4.3% from 2023 to 2024. Analyzing the trends over the last two years, the volume grew from 115.0 to 120.0 thousand metric tons, which is a noticeable rise.
Future trends to watch for include increasing consumer preference for plant-based proteins, rising health consciousness, and potential impacts of climate change on pulse yields. Additionally, advancements in agricultural technologies and favorable government policies could further drive growth in the market.
