In 2023, the pulse market size in India stood at 13.64 million metric tons. Forecast data from 2024 to 2028 indicates a steady growth, reaching 14.02 million metric tons by 2028. The year-on-year growth is projected to be around 0.58% until 2025, with subsequent years showing a comparable trend. The compound annual growth rate (CAGR) over this period is anticipated to be approximately 0.55%.
Future trends to watch for include:
- Shifts in dietary habits and increased demand for plant-based proteins, potentially elevating pulses consumption.
- Government policies aimed at boosting agricultural productivity and self-sufficiency in pulses.
- Sustainable farming practices and technological advancements that may enhance yield efficiencies.