In 2023, the pulses production in the US was recorded at 2.96 million metric tons. The forecast indicates a steady increase in production from 2.99 million metric tons in 2024 to 3.1 million metric tons by 2028. This reflects a slight yet consistent year-on-year growth, predominantly between 0.67% and 0.98% annually. The compound annual growth rate (CAGR) over these five forecasted years is approximately 0.91%, suggesting a stable trend of moderate growth in the sector.
Future trends to watch for:
- Climate change impacts on pulse yields and agricultural sustainability.
- Market demand shifts driven by health trends and plant-based dietary changes.
- Technological advancements in farming practices increasing efficiency.
- Trade policies affecting exports and domestic market dynamics.
