PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1472120
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1472120
Global Pulse Ingredients Market is valued at approximately USD 21.09 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 3.10% over the forecast period 2023-2030. Pulse ingredients are a diverse group of edible seeds harvested from the legume family, which includes crops like peas, lentils, chickpeas, and various beans. These ingredients have gained prominence in the food industry due to their nutritional benefits, sustainable cultivation practices, and versatility in various culinary applications. Pulse ingredients are an excellent choice for those who are looking for an alternative to animal products. They are packed with proteins, fibers, vitamins, and minerals, making them a great source of nutrition for a plant-based diet. Additionally, pulses contribute to sustainable agriculture by fixing nitrogen in the soil and reducing the need for synthetic fertilizers. The Pulse Ingredients market is expanding because of factors such as the focus on clean labels and natural ingredients, rising demand for pulse starch in various food and industrial applications, and increasing demand for plant-based proteins.
Moreover, pulse starch serves diverse functions, including gelling, texturizing, binding, coating, thickening, and film forming. Its versatility extends to various food applications, such as pasta, noodles, bakery items, confectionery, soups, sauces, and meat and poultry products. Additionally, it finds application in vermicelli manufacturing as a binding agent. With its multifunctionality, pulse starch is a promising alternative to other starches in the food and beverage industry, offering economic benefits and a wide range of functionalities. In 2021, the Saskatchewan Agriculture Ministry and the Ministry of Agriculture and Agri-Food jointly allocated USD 2.07 million in funding for research led by the University of Saskatchewan. The focus of this study was to explore novel possibilities for starches derived from pulse crops. The research team aimed to enhance the extraction of starch from seeds and gain insights into the transformation of pulse starches into value-added products, reflecting a commitment to advancing knowledge and applications in this domain. In addition, growing health consciousness and innovation in food product development are creating new opportunities for market growth. However, the fluctuations in the prices of pulse ingredients and the availability of alternative protein sources stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Pulse Ingredients Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 due to the increasing recognition of the health advantages linked to pulses like lentils, chickpeas, and various beans, renowned for their high protein, fiber, and essential nutrient content, awareness about their positive impact on health is on the rise. Moreover, the clean label movement, emphasizing transparency and simplicity in ingredient lists, is gaining traction in North America resulting in market growth. Asia Pacific is expected to grow at the fastest rate during the forecast period. Numerous nations in the region are actively pursuing objectives related to food security and self-sufficiency. Pulses are recognized as a valuable crop in these efforts, given their nutritional richness, adaptability to diverse growing conditions, and extended storage capabilities. Government bodies and agricultural organizations are actively advocating for the cultivation and consumption of pulses as a strategic measure to bolster food security and decrease reliance on imported food items.
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable