Overview and Scope
Pulse ingredients are powders made from portions of high-quality lentils,
chickpeas, peas, and faba beans. The pulse ingredients are used to improve
food's functioning and nutritional value while improving its natural flavour,
taste, and colour.
Sizing and Forecast
The pulse ingredients market size has grown strongly in recent years. It will
grow from $19.93 billion in 2023 to
$21.1 billion in 2024 at a compound
annual growth rate (CAGR) of 5.9%.
The growth in the historic period
can be attributed to diversification in food applications, public education
initiatives, culinary diversity and ethnic foods, rising food security
concerns, international trade and market accessibility, allergen-free
alternatives..
The pulse ingredients market size is expected to see strong growth in the next
few years. It will grow to $26.45
billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be
attributed to rising demand for plant-based proteins, health and wellness
trends, expansion in vegan and vegetarian diets, sustainable food choices,
clean label and natural ingredients.. Major trends in the forecast period
include protein fortification, gluten-free and allergen-free alternatives,
snackification of pulse-based products, innovative product development,
functional food applications..
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Segmentation & Regional Insights
The pulse ingredients market covered in this report is segmented –
1) By Type: Pulse Flour, Pulse Starch, Pulse Protein, Pulse Fibers and Grits
2) By Source: Lentils, Peas, Chickpeas,
Beans, Other Sources
3) By Application: Food and Beverages, Feed, Other Applications
Asia-Pacific was the largest region in the pulse ingredients market share in
2023. The regions covered in the pulse ingredients market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing demand for plant-based and gluten-free products is expected to
boost the growth of the pulse ingredients market. Plant-based products are
finished products composed of plant ingredients, such as fruits, vegetables,
whole grains, nuts, seeds, and legumes. Gluten-free food items are free of
gluten protein, which is present in grains including wheat, barley, and rye.
Due to the COVID-19 outbreak, consumer behaviour has substantially shifted in
favour of plant-based food and healthier meals to boost immunity, which helps
fight the virus. For instance, in September 2021, according to the Plant Based
Foods Association, a trade organization that represents the interests of
plant-based food companies, plant-based foods in the United States increased by
27% in 2020 and reached to a record value of $7.4 billion. Plant-based food
spending increased from 53% in 2019 to 57% in 2020, meaning over 71 million
families of all U.S. households preferred plant-based foods. Therefore, the
increasing demand for plant-based and gluten-free products is driving the
growth of the pulse ingredients market.
Key Industry Players
Major companies operating in the pulse ingredients market report are Ingredion
Incorporated, AGT Food and Ingredients Inc., Emsland-Starke GmbH, The Scoular
Company, Roquette Frères S.A., Cosucra Groupe Warcoing S.A., Vestkorn Milling
A.S., Dakota Dry Bean Inc., SunOpta Inc., Axiom Foods Inc., DeLaval
International AB, GEA Group Aktiengesellschaft, BouMatic LLC, Best Cooking
Pulses Inc., Blue Ribbon LLC, Bühler AG, Cargill Inc., Diefenbaker Spice &
Pulse, Puris Proteins LLC, ETG Commodities Inc., Gavilon Group LLC, JBS USA
Holdings Inc., Kellogg Company, MGP Ingredients Inc., Parakh Agro Industries
Ltd., The Archer Daniels Midland Company, The Green Labs LLC, The TradeLink
International Group Ltd., The Whitworths Group Limited, Great Western Grain Co.
Ltd.
The pulse ingredients market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
.
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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