Newly released data from pulse ingredient market analysis by Future Market Insights shows that the global market size is estimated to be USD 27 Billion by 2032. It is growing at a CAGR of 4.5% for the forecasted year 2022 to 2032. The current market size is valued at USD 19 Billion estimated for 2021.
| Attribute | Details |
|---|---|
| Pulse Ingredients Market Size Value in 2022 | USD 19 Billion |
| Pulse Ingredients Market Forecast Value in 2032 | USD 27 Billion |
| Global Growth Rate (2022 to 2032) | 4.5% CAGR |
| Forecast Period | 2022 to 2032 |
Pulses are seeds that are edible and are from plants in the legume family. Pulses grow in pods that vary in shape, size, and color. They are high in protein and soluble fiber and low in fat. It also aids in the regulation of blood sugar levels and the reduction of cholesterol. Pulse ingredients are high in vitamins and minerals like zinc, iron, and magnesium, which are beneficial to one's health. Lentils, chickpeas, and peas are used as pulse ingredients.
Pulse ingredients are used in a variety of food products, including soups, sauces, bakery items, meals, snacks, and confectionery items. It comes in a variety of forms, including flour, protein, and fiber. The increasing demand for plant-based and gluten-free products and the growing adoption of protein-rich food products are the major factors driving the market growth. Increasing disposable income, combined with a shift in people's lifestyles, is expected to boost the overall market development of the Pulse Ingredients Market from 2022 to 2032.
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| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 4.5% |
| H1,2022 Projected (P) | 4.5% |
| H1,2022 Outlook (O) | 5.0% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (+) 45 ↑ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (+) 49.5 ↑ |
FMI provides an evaluation and comparison of the market growth rates and future development possibilities on a half-yearly basis for the global market. Pulses Ingredients are used in a wide range of food products, such as soups, sauces, baked goods, meals, snacks, and confections.
The main drivers of market expansion are the rising demand for products that are plant-based and gluten-free as well as the rising popularity of foods that are high in protein. A change in people's lifestyles towards protein-based food along with an increase in disposable income is anticipated to accelerate the global development of the pulse ingredients market.
There is a rising number of product releases and innovations in the pulses ingredients market.
Some of them are
The global market for Taste Modulators witnessed H1 2021 growth at a magnitude of 4.5%. However, this growth is not evenly spread across all regions, with the developing markets recording higher growth rates of 5.0%. Thus, leaving the gap of +49.5 BPS points between expected and projected growth during H1 2022.
The strong market uptake during the first half of the projected period is due to increased end-user demand in the Asia Pacific region, especially India where pulses are the primary sources of protein. Japan’s Older Population has a high consumption of pulses faring well in the Pulses Ingredients market
The Pulse Ingredients Market is expanding due to the rising demand for natural ingredients and clean-labeled food products. Because pulse ingredients are high in vitamins and minerals, consumers are shifting their diets to include more natural and organic ingredients.
Furthermore, as people become more health-conscious, there is a growing demand for gluten-free natural ingredients. As a result, the Pulse Ingredients Market will grow between 2022 and 2032.
The growing consumer preference for food products rich in protein, like pulse ingredient protein is propelling the Pulse Ingredient Market forward. Growing demand for pulse-derived ingredients such as pea protein, pea flour, and pea starch, due to the health benefits provided by these ingredients' high protein content. As a result, the Pulse Ingredients Market is expected to grow during the forecast period 2022 to 2032.
Principal Consultant
India is a developing economy with a growing population, urbanization, and middle-class population expansion, as well as increased demand for health-benefiting food products. Pulses are regarded as a primary source of protein in Indian diets. This provides an opportunity for the pulse ingredient market to grow.
Chickpeas have accounted for the largest share in the pulse ingredient market. Around 78% area of Chickpea falls under the Indian region. Apart from this, 35% area of lentils also falls under India. The availability of raw material for pulse ingredients is abundant in the country, which is primarily used by pulse ingredient manufacturers.
Due to the large population of older people, Japan is expected to be a major revenue generator for manufacturers of pulse ingredients. The need for health products drives the market in Japan.
The market in the country is expected to grow at a CAGR of 3% for the forecasted period of 2022 to 2032. Apart from this, the demand for healthy, high in protein, food as well as beverage is also driving the demand in the country.
Australia is the 3rd ranked producer and exporter of the pulse ingredient faba bean. Apart from this, the country is also ranked as the 7th producer and exporter of field pea. It is also the largest producer and exporter of lupins. Apart from these, the country is a small producer yet a major exporter of mungbeans.
The availability of several pulse ingredient products actually makes a bright future for the market in the country. The country is focusing on development with its supply chain facilities from farm to end-user. Also, the expansion of growing areas with new varieties is what the country is focusing on to become one of the major contributors to the market.
The United States of America is a developing market for pulse ingredients, and it is expected to account for the largest share during the forecast years. The convenience food industry is well-known for utilizing a large number of pulse ingredients. The market is estimated to be USD 5 Billion.
The country's appetite for convenience foods is growing. Because of the country's busy lifestyle and aging population, modern convenience food has grown in popularity. Convenience food is popular among consumers because of its convenient properties such as ease of use, long shelf life, and high nutritional value. As a result, the country's consumption of pulse ingredients is expected to rise.
China is seen as a significant contributor to total pulse production. China, the world's second-largest economy, is expected to reach a market size of USD 5.2 billion by 2032, growing at a CAGR of 7.1% from 2022 to 2032. China will continue to be one of the fastest-growing markets in this cluster of regional markets.
Chickpeas accounted for the largest share of the Pulse Ingredient Market in 2021 and are expected to grow at a CAGR of 4.5% between 2022 and 2032. Peas contain minerals such as zinc, iron, phosphorus, and magnesium which aid in health promotion.
They are also thought to aid in the reduction of cholesterol and the maintenance of blood sugar levels due to their high fiber content. Ingredients in pea such as pea proteins, pea starches, pea flours, and some pulse powders are used as primary ingredients in a wide range of products such as sauces, soups, baked goods, and some other food products. Chickpeas are expected to grow at the fastest rate between 2022 and 2032.
Pulse ingredients, particularly pulse flour, are in high demand due to the presence of various proteins, iron, and fibers. Pulse flour can be used to make cookies, pasta, and puddings, among other things. Furthermore, increasing pulse flour applications in various industries such as food and beverages and animal feed like pulse ingredient dog food products will support the pulse ingredients market's growth.
The pulse flour market will experience a surge in sales as consumers gain more knowledge about vegan and plant-based protein sources. The pulse sector is undergoing complex changes on a national and global scale.
Ingredion Incorporated, Roquette Frères S.A., Emsland-Starke GmbH, The Scoular Company, AGT Food and Ingredients Inc., Cosucra Groupe Warcoing S.A., Vestkorn Milling A.S., and Dakota Dry Bean, Inc. are among the prominent players and regional players in the global pulse ingredients market. Because the product falls under the category of fast-moving consumer goods, the manufacturers are focusing on developing the strength of distribution channels.
Rising customer preference for vegetarian as well as vegan diets is expected to drive growth in the market for pulse ingredients in the coming years. Rising demand for gluten-free and clean-label food products is expected to provide market participants with opportunities to capitalize on the unrealized potential.
As a consequence of current trends, some of the key market players are focusing on various expansion strategies to sustain their future growth. Product innovation, acquisition, collaborations, and expansion will continue to be popular strategies for market participants seeking a competitive advantage.
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| Attribute | Details |
|---|---|
| Market Size Value in 2021 | USD 19 Billion |
| Market Forecast Value in 2032 | USD 27 Billion |
| Global Growth Rate | 4.5% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | MT for Volume and USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; Japan; APEJ and MEA |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Argentina, EU5, Russia, Poland, China, ASEAN, Australia and New Zealand, Japan, GCC countries, Ethiopia, North Africa, South Africa, others. |
| Key Market Segments Covered | Form, Type, Application Region |
| Key Companies Profiled | Ingredion Incorporated; Roquette Frères S.A.; Emsland-Starke GmbH; The Scoular Company; AGT Food and Ingredients Inc.; Cosucra Groupe Warcoing S.A.; Vestkorn Milling A.S.; Dakota Dry Bean Inc. |
| Pricing | Available upon Request |
The pulse ingredients market is predicted to register a valuation of USD 27 billion by 2032.
India is anticipated to be the fastest-growing country in the pulse ingredients market by 2033.
The pulse ingredients market is estimated to capture a CAGR of 4.5%in 2023.
Key players are focusing on product innovation, clean-label, and sustainable products.
The United States, China, and India are leading the pulse ingredients market.
1. Market Overview 2. The Massive Impact of the Crisis 3. Market Background 4. Key Regulations 5. Global Pulse Ingredients Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032 6. Global Pulse Ingredients Market - Pricing Analysis 7. Global Pulse Ingredients Market Demand (Size in USD Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032 8. Global Pulse Ingredients Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Source 8.1. Lentils 8.2. Peas 8.3. Beans 8.4. Chickpeas 9. Global Pulse Ingredients Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type 9.1. Pulse Flours 9.2. Pulse Starch 9.3. Pulse Proteins 9.4. Pulse Fiber and Grits 10. Global Pulse Ingredients Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 10.1. Food and Beverages 10.2. Snacks 10.3. Meals & meal centers 10.4. Bakery & confectionery products 10.5. Soups, sauces, and seasonings 10.6. Processed meat, fish, and egg products 11. Global Pulse Ingredients Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 11.1. North America 11.2. Latin America 11.3. Europe 11.4. South Asia 11.5. East Asia 11.6. Oceania 11.7. MEA 12. North America Pulse Ingredients Market Analysis 2017 to 2021 and Forecast 2022 to 2032 13. Latin America Pulse Ingredients Market Analysis 2017 to 2021 and Forecast 2022 to 2032 14. Europe Pulse Ingredients Market Analysis 2017 to 2021 and Forecast 2022 to 2032 15. East Asia Pulse Ingredients Market Analysis 2017 to 2021 and Forecast 2022 to 2032 16. South Asia Pulse Ingredients Market Analysis 2017 to 2021 and Forecast 2022 to 2032 17. Oceania Pulse Ingredients Market Analysis 2017 to 2021 and Forecast 2022 to 2032 18. Middle East and Africa Pulse Ingredients Market Analysis 2017 to 2021 and Forecast 2022 to 2032 19. Key Countries Pulse Ingredients Beverages Market Analysis 2017 to 2021 and Forecast 2022 to 2032 20. Market Structure Analysis 21. Competition Deep Dive (Tentative List) 21.1. Archer Daniels Midland 21.2. AGT Food and Ingredients Company 21.3. Herba Ingredients BV 21.4. Avena Foods Limited 21.5. Anchor Ingredients Co., LLC 21.6. Puris 21.7. Batory Foods 21.8. Unigrain Pty Ltd 21.9. The Scoular Company 21.10. Pulse Canada 21.11. Anchor Ingredients 21.12. Diefenbaker Spice & Pulse 21.13. Others on Additional Request 22. Assumptions and Acronyms Used 23. Research Methodology
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Pulse Ingredients Market
