The global Pulse Ingredients market worth US$ 27.98 billion by 2030, growing at a CAGR of 4.5%
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"The Global Pulse Ingredients Market 2020-2030 (USD Billion)")
The global pulse ingredients market is anticipated to reach a value of around USD 806 billion by 2028. Pulses are the edible seeds of plants belonging to the legume family. Pulses are grown in pods of various shapes, sizes, and colors. Pulses are not made up of green-harvested plants. They are low in fat and high in protein and soluble fiber. It also aids in the reduction of cholesterol and the regulation of blood sugar levels. Growing pulses contributes to the long-term viability of agriculture. Pulse crops help to reduce greenhouse gas emissions while also improving soil quality. Certain crops use more water than pulses. Pulses such as dried beans, lentils, and peas are well-known and widely consumed.
The pulse ingredients market is being driven by increased health consciousness among consumers all over the world. Furthermore, increasing demand for pulse starch in various food applications is expected to have a major impact on the pulse ingredients market. Furthermore, consumer demand for protein-rich foods is projected to have a significant effect on the pulse ingredients industry. Increasing customer preference for vegetarian and vegan diets around the world is expected to drive the pulse ingredients market in the near future. The market is expected to see untapped potential as demand for clean-label and gluten-free food products grows.
The global pulse ingredients market is segmented into type, application, end-use industry, and region. Based on type, the market is divided into pulse flours, pulse starch, pulse proteins, and pulse fibers & grits. Based on source, the market is divided into lentils, peas, beans, and chickpeas. based on end-user industry, the market is divided into food & beverages, feed, and others.
Pulse Ingredients Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | US$ 27.98 billion |
| Growth Rate | CAGR of 4.5% during 2022-2030 |
| Segment Covered | Type, Source, End Use Industry |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
Key Segments of the Global Pulse Ingredients Market
Type Overview, (USD billion)
- Pulse Starch
- Pulse Flours
- Pulse Proteins
- Pulse Fiber & Grits
Source Overview, (USD billion)
- Lentils
- Peas
- Beans
End Use Industry Overview, (USD billion)
- Food and Beverages
- Feed
- Others
Regional Overview, (USD billion)
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global pulse ingredients market.
- Pulse Ingredients is widely used for various end uses in food and beverages, owing to their excellent properties and the market is expected to gain traction over the coming years
- With the growing personal care uses, there is a rise in the demand for pulse ingredients which is further expected to have a positive impact on the overall market growth
What does the report include?
- The study on the global pulse ingredients market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the pulse ingredients industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on Type and End Use. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global pulse ingredients market. The report will benefit: Every stakeholder involved in the pulse ingredients market.
- Managers within the pulse ingredients industry looking to publish recent and forecasted statistics about the global pulse ingredients market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global pulse ingredients market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Frequently Asked Questions (FAQ) :
The Global pulse ingredients market is Segmented on the basis of Type, Source, End Use Industry Regions.
The market value of pulse ingredients market in 2030 was US$ 27.98 billion
To get latest version of pulse ingredients market report can be obtained on demand from the website.
The new QC and R&D lab would enable the organization to conduct testing through its different business units and improve its innovation capability. In addition, major players are concentrating their efforts on acquiring smaller market players in order to broaden their product range and geographic footprint. The pulse ingredients market is expected to be restrained to some degree during the forecast period due to strict regulations imposed by regulatory bodies in various regions on the use of pulse ingredients in the automotive industry.
Although rising public health issues have prompted food and beverage manufacturers to turn to pulses as a source of protein, the Covid-19 pandemic has had many unintended implications for the sector. Significant parts of the migrant working population returning to their rural homes was a key trend observed in several developing countries in 2020. Farming activity has increased as a result of this reverse migration.
For example, India, the world's second-largest producer of pulses, saw a 30 percent rise in farmland dedicated to pulses cultivation in 2020; India's farmland dedicated to pulses cultivation now totals 135 lakh hectares. While the increase in acreage under pulses cultivation in developing Asian and African countries bodes well for the industry, the increase has not been uniform. In fact, the cultivation of pulses has decreased in several developed countries.
Type Segment
Pulse flours are expected to account for the largest share of the pulse ingredients market in 2018 based on type. Pulse flour is a rich source of protein that is used in a number of food items in countries like India and the Middle East. The most popular pulse flours consumed in these countries are chickpea flour and pea flour. Pulse flours are gaining popularity in developed countries such as the United States, owing to their health benefits and the country's rising health concerns.
End Use Segment
In 2018, the food & beverage segment is expected to account for the largest share of the pulse ingredients market, according to application. Pulse ingredients can be used in a wide range of foods, including baked goods, confectioneries, cookies, soups, sauces, and seasonings. Consumers in the developing Asia Pacific region are opting for food items with health benefits, which is expected to generate lucrative opportunities for pulse ingredient manufacturers in the coming years.
During the forecast era, the Asia Pacific region is expected to be the fastest-growing segment. The area is supported by a rapidly rising population, urbanization, and the growth of the middle-class population, all of which are driving up demand for health-beneficial food items. Countries with populations of over a billion people, such as China and India, make up the area. Aside from that, the area includes Japan, which is expected to be a significant revenue generator for pulse ingredient manufacturers due to its strong elderly population.
.png "Asia Pacific Pulse Ingredients Market, 2018-2028 (USD billion)")
Over the forecast period the Asia Pacific region is expected to be the fastest growing market. The area is backed by increasingly increasing population, urbanization and middle-class population expansion with rising demand for health-benefiting food products.
The region consists of countries such as China and India, with a population base of one billion plus. In addition, the region consists of Japan, which is expected to be a major revenue pocket for manufacturers of pulse ingredients due to a wide population base of older age groups.