The global Pulse Ingredients industry is estimated to be worth USD 22,914.70 million by 2024. It is projected to reach USD 41,075.47 million by 2034, reflecting a CAGR of 6.0% over the assessment period 2024 to 2034.
Pulse ingredients have emerged as nutritional powerhouses and culinary gems within the food and beverage industry. These versatile components are derived from leguminous crops like chickpeas, lentils, peas, and beans, offering various nutritional benefits and applications in the culinary world.
In recent years, the global shift towards healthier eating habits, sustainability concerns, and a growing preference for plant-based diets has propelled pulse ingredients into the spotlight. Their reputation as a sustainable protein source, rich in essential nutrients, has catapulted them into a central role in developing innovative food products.
Pulse ingredients find their way into a wide range of food applications, where they play multifaceted roles. Their primary function lies in their role as pulse ingredient sources. Pulses are celebrated for their high protein content, making them a staple in developing pulse ingredient alternatives. This is particularly significant for consumers seeking alternatives to meat products, aligning with the growing trend of plant-forward diets.
| Attributes | Description |
|---|---|
| Estimated Global Pulse Ingredients Industry Size (2024E) | USD 22,914.70 million |
| Projected Global Pulse Ingredients Industry Value (2034F) | USD 41,075.47 million |
| Value-based CAGR (2024 to 2034) | 6.0% |
Beyond protein, pulse ingredients excel in enhancing food texture. They function as natural thickeners and stabilizers, elevating the consistency and mouthfeel of foods like soups, sauces, and plant-based dairy products. This contribution to texture improvement complements the consumer demand for clean-label products, where ingredient transparency is paramount.
Exclusive Offer: 30% Off on Regional Reports
Get a free sample report and customize your regions for a 30% discount on your regional report!
The below table presents a comparative assessment of the variation in CAGR over six months for the base year (2023) and current year (2024) for the global Pulse Ingredients market. This analysis reveals crucial shifts in performance and indicates revenue realization patterns, thus providing stakeholders with a better vision of the growth trajectory over the year. The first half of the year, or H1, spans from January to June. The second half, H2, includes the months from July to December.
| Particular | Value CAGR |
|---|---|
| H1 | 5.5% (2023 to 2033) |
| H2 | 5.7% (2023 to 2033) |
| H1 | 5.8% (2024 to 2034) |
| H2 | 6.0% (2024 to 2034) |
In the first half (H1) of the decade from 2023 to 2033, the business is predicted to surge at a CAGR of 5.5%, followed by a higher growth rate of 5.7% in the second half (H2) of the same decade.
Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to increase to 5.8% in the first half and remain considerably high at 6.0% in the second half. In the first half (H1) the sector witnessed an increase of 15 BPS while in the second half (H2), the business witnessed a decrease of 10 BPS.
Growth of Premium Pet Food Market Boosting Demand for Processed Pulse Products
The rise in pet ownership and humanization has led to an increase in demand for premium pet food. Consumer awareness about products that pets consume is at an all-time high. Consumers are willing to provide their pets with the utmost care and the best quality of food products that they can offer despite facing economic challenges. Consumers want to give their pets highly nutritious pet food for proper growth and a healthy life.
This is observed more in developed countries. Thus, many manufacturers are offering premium pet food and are customizing pet food with the latest advancements to meet the changing market demands. On the back of these factors, the demand for natural and plant-based ingredients to improve the palatability of pet food products is expected to increase.
Pulses are a rich source of proteins. Protein is crucial in dogs’ and cats’ diets as it is used to repair, maintain, and grow a dog or cat’s muscles and cells. The use of pulses is increasing rapidly among pet food manufacturers.
Yellow Pea in Animal Nutrition Products is anticipated to boost the Sales of Pulse Ingredients.
Since the last decade, yellow peas have significantly been used in place of wheat, beet pulp, soy, and corn fibers in pet foods. Yellow pea, which is used in pet food, primarily has a bland taste that doesn’t affect the palatability of the pet food. According to PetfoodIndustry.com, In pet foods, yellow pea is used as nutritionally functional fiber due to laxation effects associated with water holding capacity (nearly 13ml water per gram of yellow pea) of the insoluble fiber.
Yellow pea is a filler that is added by inexpensive mass-markers to pet food products for various reasons. However, none of these reasons are related to providing appropriate nutrition for pets. It is high in crude fiber but low in fat. This renders it a useful element for calorie reduction in weight control and low-fat pet meals.
Immense Market Potential for Protein & Nutrition Bars Segment
There is an increasing consumer awareness for processed lentil products amongst health-conscious end users, especially those consumers who consume sports nutrition products daily. Lentil processed products like protein solutions have gained traction in the market for being better and healthier than conventional proteins. Also, many consumers are switching over to a more leisurely lifestyle and focusing on boosting their health performance.
Lentil protein has a positive perception amongst consumers regarding health benefits, and this is a major driving force for the growth of the market in regions like the USA, UK, Brazil, Germany, and Japan. Hence, manufacturers have a great growth opportunity for developing new products with lentil protein, which is the vanguard of the plant protein vertical in the nutrition industry.
Global sales increased at a CAGR of 5.7% from 2019 to 2023. For the next ten years (2024 to 2034), projections are that expenditure on such products will rise at 6.0% CAGR.
Between 2019 to 2023 key industries, notably food processing, demonstrated high demand for Pulse Ingredients focusing on clean-label products, sustainability, and growing demand for plant-based foods.
Europe and North America led the market due to their advanced food-processing industries and strong regulatory frameworks that support the use of pulse ingredients products. Meanwhile, developing economies in Latin America and the Asia Pacific had great economic potential owing to growing industrialization and expanded consumer markets.
From the year 2024 to 2034, the growing global emphasis on sustainability and green technology is predicted to increase the adoption of pulse production, such as Pulse Ingredients, as the industry prioritizes waste reduction and efficiency.
In the food and beverage industry, the a continued trend toward plant-based and functional food items. Furthermore, the food processing industry, which has expressed an increased interest in pulse production for different product types, is projected to be a substantial driver of demand.
Tier 1 Companies are referred to as the major players of the industry as they are fully established worldwide with majority shares of the business ecosystem. Industry leaders always lead the level of creativity, research, and development and most of the time are the trendsetters.
The companies are concentrating their research & development (R&D) efforts on the development of innovations in pulse product types. As a result, numerous organic strategies have been implemented in the market, such as new product developments and capacity expansions.
Tier 2 Companies are the regional players with adequate market coverage and are known for offering niche products. They are typically more localized and address specific issues of more general ones.
Tier 3 Companies are smaller players who are usually limited to the local or regional areas. They tend to service localized areas and do not possess the same level of R&D as bigger companies but are nonetheless helpful in satisfying local needs. These companies are smaller in size but remain strong in their target industries owing to their deep-rooted innovations and customer service.
Check Free Sample Report & Save 40%!
Select your niche segments and personalize your insights for smart savings. Cut costs now!
The following table shows the estimated growth rates of the top three territories. China and Japan are set to exhibit high consumption, recording CAGRs of 7.7% and 4.9%, respectively, through 2034.
| Countries | CAGR 2024 to 2034 |
|---|---|
| The USA | 5.8% |
| Brazil | 5.1% |
| India | 7.5% |
| Japan | 4.9% |
| China | 7.7% |
Pulses are high in protein, fiber, and micronutrients, making them suitable for meeting the dietary requirements of both developed and developing countries. Canada's capacity to supply this demand is aided by its strong export network and reputation for providing high-quality, non-GMO crops.
Canada's agricultural industry has evolved significantly, with significant utilization of modern farming equipment, precision agriculture technology, and complex processing procedures. Farmers utilize GPS-guided machinery, drone surveillance, and data analytics to maximize agricultural yields and save waste.
On the processing side, advances in milling and protein extraction have enabled Canadian firms to manufacture high-quality pulse components, such as protein isolates and starches, to meet rising demand in food, feed, and industrial markets.
The industry is set to register a CAGR of 2.6% in the United Kingdom over the ensuing decade. The United Kingdom is seeing a host of research in searching for alternatives to meat and dairy. As such the application of pulse and pulse ingredients in the country is widening.
For example, in October 2023, researchers from the University of Nottingham and the Good Pulse Company received a boost in their quest to develop a pea-based alternative to standard cheese. The venture received funding of around USD 3,88,000 from Innovate UK.
| Segment | Peas (By Pulses Type) |
|---|---|
| Value Share (2024) | 35.1% |
Consumers across the world are seeking more pulse ingredients. This has significantly boosted manufacturers’ investment in new product development. Manufacturers are launching new plant protein-based products to cater to the increasing demand and capture greater market share.
The rising demand for innovative products has driven a significant increase in new product development across the pulse ingredients market. This gives consumers a wider choice of products and brands and allows pulse ingredients to gain increased shelf space and recognition.
For instance, DuPont launched six types of new plant protein nuggets in its SUPRO and TRUPRO product ranges. These new products offer more protein and less sodium and are suitable for manufacturers of snacks, cereals, nutrition bars, etc. These products include SUPRO soy protein nuggets, along with a cocoa range and TUPRO pea protein nuggets.
| Segment | Food Service (By End Use ) |
|---|---|
| Value Share (2024) | 27.4% |
Online meal delivery services provided by restaurants and various platforms have resulted in a significant increase in the food service business in Europe. Another key driver of pulse flour expansion has been home delivery, particularly for pizza.
The use of internet platforms to purchase meals for delivery has been a popular notion, thanks to the convenience of selecting food products and simple payment methods. These quick-service restaurants make extensive use of pulse flours.
The competition landscape of the Pulse Ingredients market is intense. Cargill, Incorporated, AGT Food Ingredients, and Ingredion Incorporated are some of the major market players and contribute significantly in terms of R&D investment as well as further towards the creation of innovative sustainable feed concepts to tackle the market.
Such companies also seek to multiply the investment that they can dedicate to the efficient manufacturing of developing pulse ingredients to enhance product quality, growth rates, as well as its efficiency.
To expand their sales, manufacturers are embracing different strategies including vertical and strategic acquisitions. For instance, Glanbia PLC is focusing on enhancing its ability to develop, commercialize, and scale up new products with speed and effectiveness.
The company innovates by adopting various strategies, and its innovation has always been collaborative and agile, which is essential for pulse manufacturers seeking consistent results across sections and thereby capturing the market.
For instance
As per Product Type, the industry has been categorized into Precooked whole pulses, Precooked flours, Flakes, Grits, Protein Solution (Isolate, Concentrate, Textured Protein, and Hydrolyzed Protein), Starch Solution, and Fiber Solutions.
As per Pulses Type, the industry has been categorized into Beans (Faba Beans, Black Beans, and White Beans), Peas (Green Peas, Yellow Peas, and Chickpeas), and Lentils (Red Lentils, Green Lentils, and Yellow Lentils).
As per End Use, the industry has been categorized into Food Processing (Bakery & Confectionary, Meat Additives, Beverages, Protein and Nutrition Bars, Snacks and Cereals, Others), Foodservice, and Retail/Household.
Industry analysis has been carried out in key countries of North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, Central Asia, Russia and Belarus, Balkan & Baltics, and the Middle East & Africa.
The global industry is estimated at a value of USD 22,914.70 million in 2024.
Sales increased at 5.7% CAGR between 2019 and 2023.
Some of the leaders in this industry include Cargill, Inc., AGT Food and Ingredients, Group Soufflet (AIT Ingredients), Archer Daniels Midland Company, Ingredion Incorporated, Müller's Mühl, Beneo GmbH, Roquette Frères, Glanbia, Plc, Ebro Foods, S.A., Avena Foods, The Scoular Company, Batory Foods, Anchor Ingredients Co., LLC, and Pulse Canada, among others.
The North American territory is projected to hold a revenue share of 33.8% over the forecast period.
The industry is projected to grow at a forecast CAGR of 6.0% from 2024 to 2034.
| Estimated Size (2024E) | USD 78.0 billion |
|---|---|
| Projected Value (2034F) | USD 135.2 billion |
| Value-based CAGR (2024 to 2034) | 5.7% |
| Expected Base Year Value (2024) | USD 109.33 billion |
|---|---|
| Anticipated Forecast Value (2034) | USD 186.62 billion |
| Estimated CAGR (2024 to 2034) | 5.5% |
| Expected Market Value (2023) | USD 4.34 billion |
|---|---|
| Projected Forecast Value (2033) | USD 8.5 billion |
| Anticipated CAGR (2023 to 2033) | 6.9% |
| Market Size (2023) | USD 19.3 billion |
|---|---|
| Market Size (2033) | USD 38.0 billion |
| Market CAGR (2023 to 2033) | 7.0% |
Explore Functional Food Ingredients Insights
View Reports
Pulse Ingredients Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
