[350 Pages Report] The global pulse products market size is expected to reach a valuation of USD 1,28.0 Billion in 2022. Furthermore, with rising adoption across households, the flour industry, and the snack food sector, the overall sales of pulse products are poised to grow at;4.3% CAGR between 2022 and 2032, totaling a valuation of USD 1,95.0 Billion by 2032.
Pulse products are made from dried peas, beans, and lentils and are a high-protein, low-fat alternative to meat. They are also a good source of fiber and antioxidants. Pulse products can be used in a variety of recipes, including soups, stews, casseroles, and even desserts.
Pulse products are a fast-growing market with immense potential. The demand for these nutritious and delicious products is on the rise, as people become more health-conscious and seek out foods that are good for them.
There are many reasons for the increasing popularity of pulse products. They are packed with nutrients, including protein, fiber, and vitamins, and they are low in calories and fat. Pulse products are also versatile and can be used in a variety of dishes, from soups and stews to salads and pasta.
Consumption of pulse products provides numerous health benefits such as boosting immunity, promoting body growth, and reducing chances of disease development. As a result, these products are gaining immense traction among health-conscious consumers.
Rising usage of pulse products for making bakery, snacks, pet food, etc. along with increasing consumption of these products is expected to boost the global pulse products market during the forecast period.
Similarly, the growing trend of veganism and the implementation of stringent regulations pertaining to animal cruelty are expected to push the demand for meat alternatives like pulse products that are rich in proteins and other essential nutrients.
In addition to this, the increasing prevalence of protein deficiency diseases like Kwashiorkor, especially across underdeveloped and developing regions will generate lucrative growth opportunities for leading pulse product manufacturers during the forecast period. With the growing demand for pulse products, more companies are entering the market to meet the needs of consumers. This is good news for both producers and consumers, as it means that there will be more choice and competition in the marketplace.
| Attribute | Key Insights |
|---|---|
| Pulse Products Market Estimated Value (2022) | USD 1,28.0 Billion |
| Projected Market Value (2032) | USD 1,95.0 Billion |
| Value-based CAGR (2022 to 2032) | 4.3% |
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The global demand for pulse products is projected to rise at 4.3% CAGR between 2022 and 2032, in comparison to the 3.2% CAGR registered during the forecast period of 2017 to 2021. Growth in the pulse products market will be driven by factors such as the increasing demand for healthy and nutritious food, the growing popularity of plant-based diets, and the rising health consciousness among consumers.
Similarly, the rising prevalence of deficiency diseases across the world along with new product launches will facilitate the expansion of the pulse products market during the forecast period.
Rising applications in bakery products, beverages, extruded snacks, and pet food are expected to boost sales of pulse products in the market during the next ten years.
Regionally, Asia-Pacific is expected to emerge as the largest market for pulse products, followed by North America and Europe. Increasing demand for healthy and nutritious food and growing applications in bakery and pet food industries are driving the growth of the Asia Pacific pulse products market.
Growing Demand for Meat and dairy Alternatives Boosting Sales in the USA
As per FMI, the USA will continue to remain one of the most dominant markets for pulse products during the forecast period, owing to the rising demand for protein-rich products, increasing consumer spending, and expanding snack food industry.
The USA pulse products market is going through a lot of changes and it is shaping in different ways. One of the most significant changes is the increasing demand for plant-based protein foods. This change is being driven by health-conscious consumers who are looking for alternatives to meat and dairy products.
Another change that is happening in the market is the increasing popularity of ancient grains such as quinoa, amaranth, and chia seeds. These grains are high in protein and fiber, and they are also gluten-free. This trend is being driven by consumers who are looking for healthy and nutritious food options.
Rising Health Consciousness and Increasing Government Support to Boost Market in India
The pulse products market in India is likely to witness a steady growth rate during the forecast period, owing to the growing demand for healthy and nutritious food items. Additionally, the increasing health consciousness among consumers is also expected to drive the market in the country during the projected period.
In addition to this, the increasing prevalence of deficiency diseases and rising government initiatives to provide protein-rich foods to children are expected to push the demand for pulse products across India during the forecast
However, there are some challenges that the market faces. For instance, the high cost of production is one of the major concerns for manufacturers. Additionally, changing climatic conditions have also impacted the productivity of crops, which in turn has affected the supply of pulses in the market.
Nevertheless, with strong demand from consumers and an expanding base of manufacturers, the India pulse products market is expected to continue its growth in the coming years.
Rising Consumer Preference for Highly Nutritional Plant-based Foods Propelling Sales in Japan
According to Future Market Insights, the overall sales of pulse products across Japan are projected to grow at a significant pace during the next ten years, owing to the rising consumer inclination towards plant-based foods and a large presence of leading manufacturers.
Pulses are the edible seeds of plants in the legume family. They are typically round or oblong, and range in color from yellow to black. Pulses are a staple food in many parts of the world and are known for their high protein and fiber content.
Japan is one of the fastest-growing markets for pulse products. The country's pulse consumption has more than doubled over the past decade and is expected to continue to grow in the coming years. This growth is being driven by a number of factors, including an increase in health consciousness among Japanese consumers, and a growing preference for plant-based proteins.
Principal Consultant
The world of sports nutrition is always changing and evolving. With new products being released all the time, it can be hard to keep up with the latest and greatest. However, one product that has been making waves lately is pulse protein.
Pulse protein is a plant-based protein powder that is made from peas, rice, and other legumes. It is a complete protein, meaning that it contains all of the essential amino acids your body needs and is usually low in calories and fat and high in fiber.
Health Benefits of Kaspa Peas Fuelling its Adoption
As per FMI, demand for kaspa peas is expected to grow at a significant pace during the next ten years owing to the rising consumer awareness about the health benefits of these pulse products.
Kaspa peas are a rich source of proteins, fibers, iron, potassium, folate, and magnesium. Thus, consumption of these peas can provide various health benefits such as preventing chances of anemia, promoting haemoglobin levels, and improving digestion.
The global pulse products market is highly fragmented and competitive due to the existence of several local and regional rivals. Key players are adopting various strategies, such as new product launches, partnerships, expansions, mergers, acquisitions, and collaborations to increase their sales and gain an upper hand in the market.
Some of the leading companies operating in the pulse products market are ADM, AGT Food and Ingredients, Ingredion Incorporated., Buhler AG, Diefenbaker Spice & Pulse, GPA Capital Food Pvt Ltd, USA Pulses, Puris, Vestkorn, Batory Foods, The Scoular Company, Groupe Emsland, Roquette Frères, Popular Pulse Products Pvt. Ltd., Esteem Bio Organic Food Processing Limited, Beacon Foods Limited, Cargill, Incorporated., Parmanand & Sons Food Products Private Limited, CKP Products Limited., and Avena Foods, Limited.
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Over the years, growing health awareness and increasing demand for nutritional foods has prompted companies like Roquette, Vestkorn, and ADM to ramp up their production capacity and introduce new products in the market. As a result, these companies have become ideal destinations for consumers looking for getting protein-rich items like pulse products.
Founded in 1933, Roquette operates in more than 100 countries and employs over 8000 people worldwide. The company has become a global leader in plant-based ingredients and a pioneer of plant proteins, offering the best of nature to its customers.
The company is constantly upgrading its portfolio by adding new products that are rich in proteins and low in carbs. For instance, in 2022, Roquette launched a new range of organic pea ingredients including organic pea starch and organic pea protein that are manufactured at the company’s plant in Portage la Prairie (MB, Canada).
Similarly, in June 2022, Roquette launched its new NUTRALYS range of organic textured proteins from peas and fava for European markets to expand its customer base and strengthen its position on the overall protein market as a key leader for plant-based solutions.
Another manufacturer and supplier of pulse products are Vestkorn. Headquartered in Tau Norway, Vestkorn is a part of DSM and the biggest and most certified producer of Pea and faba protein and starch concentrates across Europe.
Vestkorn produces a variety of food ingredients that are gluten-free, sustainable, safe, nutritional, and non-GMO. In 2021 the company launched the next-generation textured pea protein P6511C at FI Europe. The new product is an excellent sustainable alternative to meat and is ideal for consumers looking for plant-based foods with high nutritional content.
Since its establishment in the early 90s, ADM has become a pioneer in food ingredients, nutrition, health, wellness, etc. The company is committed to unlocking the power of nature to enrich the quality of life.
ADM is a cutting-edge innovator leading the way to a new future of plant-based consumer and industrial solutions to replace other harmful ingredients. The company showcased its latest food creations including plant proteins at IFFA in 2019.
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | USD 1,28.0 Billion |
| Projected Market Size (2032) | USD 1,95.0 Billion |
| Anticipated Growth Rate (2022 to 2032) | 4.3% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Oceania; Middle East and Africa (MEA) |
| Key Countries Covered | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Argentina, South Africa, UAE |
| Key Segments Covered | Product, Type, Application, End User, Region |
| Key Companies Profiled | ADM; AGT Food and Ingredients; Ingredion Incorporated.; Buhler AG; Diefenbaker Spice & Pulse; GPA Capital Food Pvt Ltd; USA Pulses; Puris; Vestkorn; Batory Foods; The Scoular Company; Groupe Emsland; Roquette Frères; Popular Pulse Products Pvt. Ltd.; Esteem Bio Organic Food Processing Limited; Beacon Foods Limited; Cargill; Incorporated.; Parmanand & Sons Food Products Private Limited; CKP Products Limited.; Avena Foods, Limited.; Purisfoods |
| Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global pulse products market size is expected to be valued at USD 1,28.0 Billion in 2022.
As per FMI, the pulse products market is expected to rise at a CAGR of 4.3% during the forecast period.
The global pulse products market is forecast to surpass a valuation of USD 1,95.0 Billion by the end of 2032.
North America is expected to hold around 34.4% share of the global pulse products market during the forecast period.
The USA., China, Canada, Germany, and Mexico are the major countries driving demand for pulse products.
China pulse Products market is projected to grow at a CAGR of around 5.8% over the next ten years.
The demand for pulse products in Europe is expected to grow at 4.6% CAGR between 2022 and 2032.
Roquette, Vestkorn, Purisfoods, Avena Foods, and ADM are the top players operating in pulse products market.
1. Executive Summary | Pulse Products Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product 5.1. Chick Peas 5.2. Kaspa Peas 5.3. Lentils 5.4. Pigeon Peas 5.5. Fava Beans 5.6. Black Gram 5.7. Beans 5.8. Dry Peas 5.9. Mung Beans 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 6.1. Bakery 6.2. Beverages 6.3. Extruded Snacks 6.4. Pet Food 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End User 7.1. Home use 7.2. Snack Food Industry 7.3. Flour Industry 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type 8.1. Pulse Fiber 8.2. Pulse Grits 8.3. Pulse Starches 8.4. Pulse Protein 8.5. Pulse Flour 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. East Asia 9.5. South Asia 9.6. Oceania 9.7. Middle East and Africa (MEA) 10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 16. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. ADM 19.2. AGT Food and Ingredients 19.3. Ingredion Incorporated. 19.4. Buhler AG 19.5. Diefenbaker Spice & Pulse 19.6. GPA Capital Food Pvt Ltd 19.7. USA Pulses 19.8. Puris 19.9. Vestkorn 19.10. Batory Foods 19.11. The Scoular Company 19.12. Groupe Emsland 19.13. Roquette Frères 19.14. Popular Pvt. Ltd. 19.15. Esteem Bio Organic Food Processing Limited 19.16. Beacon Foods Limited 19.17. Cargill 19.18. Incorporated. 19.19. Parmanand & Sons Food Products Private Limited 19.20. CKP Products Limited. 20. Assumptions & Acronyms Used 21. Research Methodology
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