PUBLISHER: Polaris Market Research | PRODUCT CODE: 1175503
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1175503
The global pulse ingredients market size is expected to reach USD 29.9 billion by 2030, according to a new study by Polaris Market Research. The report "Pulse Ingredients Market Share, Size, Trends, Industry Analysis Report, By Type (Pulse Flour, Pulse Starch, Pulse Protein, Pulse Fibers & Grits); By Source; By Application; By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides an analysis of future market growth.
The main factors driving the markets are the rising trend towards healthy food products, growing urbanization, and consumer interest in sustainable and plant-based protein food products. Furthermore, growing awareness about the health benefits of pulse protein is the primary factor driving demand. In addition, changing consumer lifestyles along with high disposable income also help to increase the market share over the forecast period.
Pulse components bind, coat, gel, and thicken for various food applications, such as vermicelli, soups, pasta, noodles, and much more. Chickpea flours are gaining attention due to their gluten-free and nutty texture. Furthermore, affordability and growing consumer demand for items made with pulse flour accelerate market growth. Moreover, pulses have low-fat content that is efficient in maintaining cholesterol and sugar levels, which contributes to revenue growth.
The COVID-19 pandemic had a negative impact on the demand for the market owing to disruption in the supply chain and logistics due to the lockdown. Decreasing labor supply and complicated logistics led to a fluctuation in prices caused by a sudden increase in demand. However, as the activities resumed, consumers inclined more toward healthy diets which are affordable and rich in protein.
Pulse Ingredients Market Report Highlights
Growing demand for pulse flours in several end-use applications, such as bakery products, dairy products, and confectionaries, is expected to drive product demand.
The chickpea segment accounted for the highest revenue share in 2021 and is expected to continue its dominance owing to its organic and cost-effective nature and wide application in snacks and hummus production.
The food and beverages segment is expected to hold the maximum revenue share owing to the innovative product development for the daily consumption of pulse protein. In addition, increasing uses of these ingredients for food processing in household application also boost the market demand.
The Asia Pacific is expected to grow over the forecast period owing to improving the standard of living and rising health awareness of powder form among consumers in the region, such as India and China.
Major players operating in the industry include ADM, AGT Food & Ingredients, Anchor Ingredients, Archer Daniels Midland Company, Axiom Foods, Batory Foods, Cosurca Groupe Warcoing S.A., Dakota Dry Bean Inc., Dakota Ingredients, Ingredion Incorporated, Puris, Roquette Freres.
Polaris Market Research has segmented the Pulse Ingredients market report based on type, source, application and region:
Pulse Ingredients, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Flour
Starch
Protein
Fibers & Grits
Pulse Ingredients, Source Outlook (Revenue - USD Billion, 2018 - 2030)
Lentils
Peas
Chickpeas
Beans
Pulse Ingredients, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Food & Beverages
Bakery & Confectionery Products
Snacks
Dairy
Beverages
Others
Feed
Others
Pulse Ingredients, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Figure 1. Global Pulse Ingredients Market, 2018 - 2030 (USD Billion)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up Approach
Figure 4. Market by Geography
Figure 5. Porter's Five Forces
Figure 6. Market by Source
Figure 7. Global Pulse Ingredients Market, by Source, 2021 & 2030 (USD Billion)
Figure 8. Market by Type
Figure 9. Global Pulse Ingredients Market, by Type, 2021 & 2030 (USD Billion)
Figure 10. Market by Application
Figure 11. Global Pulse Ingredients Market, by Application, 2021 & 2030 (USD Billion)
Figure 12. Pulse Ingredients Market Assessment, By Geography, 2018 - 2030 (USD Billion)
Figure 13. Strategic Analysis - Pulse Ingredients Market