As of 2023, the demand for pulses in the US stood at approximately 2.05 million metric tons. Forecasts indicate a gradual increase in demand, anticipating a year-on-year growth rate of about 1.9% from 2024 through 2028. The compounded annual growth rate (CAGR) is projected to be around 2% over these five years. This steady growth indicates a consistent upward trend in the consumption of pulses in the US market.
Future trends to watch for include:
- Increasing consumer awareness of the health benefits of pulses may further boost demand.
- Potential policy changes promoting sustainable agriculture could enhance pulse production and consumption.
- Volatility in other protein sources might shift dietary preferences towards pulses.
- Technological advancements in the food processing sector that incorporate pulses into a wider variety of products.