The import of flour or meal of dried legumes to India is projected to increase from 642.19 thousand USD in 2024 to 783.77 thousand USD by 2028. This represents a year-on-year growth of approximately 5.68% from 2024 to 2025, 5.27% from 2025 to 2026, 4.90% from 2026 to 2027, and 4.58% from 2027 to 2028. The compound annual growth rate (CAGR) over this five-year period is projected around 5.10%.
Future trends to watch for include:
- Potential shifts in dietary preferences towards plant-based proteins, which could increase demand.
- Trade policy changes affecting import tariffs and agreements.
- Supply chain and production costs of dried legumes internationally.
- Currency exchange rate fluctuations impacting import costs.