The forecasted demand for pulses in the US shows a steady increase from 847 thousand metric tons in 2024 to 1010 thousand metric tons in 2028. In 2023, the demand was 807 thousand metric tons. This represents an annual growth rate of approximately 4.5% from 2024 to 2028. Year-on-year, the demand is expected to rise by about 4.7% from 2024 to 2025, 4.5% from 2025 to 2026, 4.3% from 2026 to 2027, and 4.4% from 2027 to 2028.
Future trends to watch include:
- Shifts towards plant-based diets influencing pulse consumption.
- Potential policy changes or subsidies supporting pulse production.
- Technological advancements in pulse agriculture impacting supply and market dynamics.