The market value of pulse ingredient in Western Europe is projected to climb from USD 3,795.81 million in 2023 to USD 6,439.45 million by 2033. The sale of pulse ingredient in Western Europe is likely to develop at a CAGR of 5.4% over the projected period.
Demand for pulse ingredients is increasing in Western Europe with the greater adoption of plant-based diets. In the same vein, increasing demand from the food and beverage industry for clean-label and non-GMO ingredients drives the growth of the indsutry in Western Europe.
Attributes | Details |
---|---|
Demand Analysis (2023) | USD 3,795.81 million |
Demand Forecast (2033) | USD 6,439.45 million |
CAGR Estimation (2023 to 2033) | 5.4% |
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Due to the growing production of pulses, which are an excellent source of protein, iron, and vitamins and have a high appeal among health-conscious consumers to lead to rising per capita consumption. As a result, the demand for pulse ingredient is poised to be stimulated.
The pulse ingredient industry in Western Europe is evolving with the product being combined with food like energy bars, chips, and biscuits.
Growing demand for clean-label and gluten-free products, urbanization, and shifting lifestyles contribute to the industry expansion for pulse ingredient in Western Europe. Technological advancements in food processing further support the industry growth.
A thorough segmentation analysis pulse ingredient in Western Europe is included in this section. With close monitoring of the trends going on in the industry and growing demand from the flour segment, manufacturers of pulse ingredients are on high alert in Western Europe. Similarly, the performance of the peas segment is outclassing other types of pulses.
Segment | Flour |
---|---|
Industry Share in 2023 | 54.0% |
Segment | Peas |
---|---|
Industry Share in 2023 | 55.5% |
The table below depicts the expected pulse ingredient demand in Western Europe, with an emphasis on the region's key economies, the United Kingdom, France, Italy, Germany, and the Netherlands. According to the qualitative and quantitative investigation, the Netherlands has lucrative potential with influential pulse ingredient manufacturers.
Country | Netherlands |
---|---|
CAGR from 2023 to 2033 | 8.4% |
Food manufacturers are encouraged to investigate pulse-derived ingredient for various product formulations. This encouragement stems from the growing pulse ingredient industry in the Netherlands, where sustainability and nutritional value are becoming more important considerations.
Country | United Kingdom |
---|---|
CAGR from 2023 to 2033 | 5.1% |
The demand for various pulse-derived products in the food industry has driven the United Kingdom's demand for pulse ingredient. The increase in demand is also a consequence of consumers’ preference for plant-based proteins.
Country | France |
---|---|
CAGR from 2023 to 2033 | 4.2% |
Demand for pulse ingredients in France is on the rise due to health-conscious consumers moving towards plant-based alternatives. There is also growing usage of pulse ingredient in in a large number of culinary applications.
Country | Italy |
---|---|
CAGR from 2023 to 2033 | 3.5% |
The Italian pulse ingredient industry is growing at a stable pace. This growth can be attributed to the fact that Italy is one of the major consumers of the Mediterranean diet, and pulses happen to form an integral part of the traditional diet. Thus, the adoption of pulse ingredients is highly encouraged here.
Country | Germany |
---|---|
CAGR from 2023 to 2033 | 2.8% |
With consumer demand for more sustainable and more protein-rich food increasing, the German pulse ingredient industry is shifting accordingly. Pulse ingredient is being used more widely in the food and beverage industry as a result.
There is a fierce competition among the various Western European pulse ingredient industry players contending for market share. Significant pulse ingredient manufacturers in Western Europe are extending their reach geographically, collaborating strategically, and developing new products.
Industry expansion is driven by rising consumer awareness of the nutritional advantages linked to pulse ingredient. Leading pulse ingredient producers in Western Europe concentrate on environmentally friendly production and sourcing practices to meet changing consumer demands for green products.
Latest Advancements in Pulse Ingredient Industry in Western Europe
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Attribute | Details |
---|---|
Estimated Valuation (2023) | USD 3,795.81 million |
Projected Valuation (2033) | USD 6,439.45 million |
Anticipated CAGR (2023 to 2033) | 5.4% |
Historical Analysis of Pulse Ingredient in Western Europe | 2018 to 2022 |
Demand Forecast for Pulse Ingredient in Western Europe | 2023 to 2033 |
Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Key Countries Analyzed while Studying Opportunities in Pulse Ingredient in Western Europe | United Kingdom, Germany, France, Italy, Spain |
Key Companies Profiled | Archer Daniels Midland Company (ADM); Ingredion Incorporated; Roquette Frères; AGT Food and Ingredient Inc.; Emsland Group; Vestkorn Milling AS; Batory Foods; Dakota Ingredient; Axiom Foods; Sotexpro |
The pulse ingredient sales in Western Europe were valued at USD 3,634 million in 2022.
The market value of pulse ingredient in Western Europe is set to reach USD 3,795.81 million in 2023.
The demand for pulse ingredient in Western Europe is anticipated to rise at 5.4% CAGR from 2023 to 2033.
The Western Europe market size for pulse ingredient is set to reach USD 6,439.45 million by 2033.
Flour segment is expected to dominate the pulse ingredient industry with a share of 54.0% from 2023 to 2033.
The HCAGR of sales of pulse ingredient in Western Europe was 3.0% between 2018 and 2022.
Estimated Industry Size (2024E) | USD 22,914.70 million |
---|---|
Projected Industry Value (2034F) | USD 41,075.47 million |
Value-based CAGR (2024 to 2034) | 6.0% |
Estimated Size (2024E) | USD 78.0 billion |
---|---|
Projected Value (2034F) | USD 135.2 billion |
Value-based CAGR (2024 to 2034) | 5.7% |
Market Size (2023) | USD 19.3 billion |
---|---|
Market Size (2033) | USD 38.0 billion |
Market CAGR (2023 to 2033) | 7.0% |
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