In 2023, the demand for pulses in the United Kingdom stood at approximately 950 thousand metric tons. The forecasted data for 2024 to 2028 shows a steady increase in demand, with an annual growth rate ranging from 1.5% to 2% and a projected total growth to 1020 thousand metric tons by 2028. This indicates a Compound Annual Growth Rate (CAGR) of about 1.5% over the five years.
Future trends to watch for:
- Increasing consumer awareness of plant-based diets may further boost demand for pulses.
- Potential shifts in agricultural policy or trade agreements could impact supply and pricing, affecting demand dynamics.
- Technological advancements in food processing could create new pulse-based products, increasing consumption.