PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421589
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421589
A new research report published by Polaris Market Research; the global pulses market size is expected to reach USD 110.83 billion by 2032.
The report "Pulses Market Share, Size, Trends, Industry Analysis Report, By Nature (Organic, Conventional); By Form; By Product Type; By Region; Segment Forecast, 2024 - 2032" offers an in-depth examination of the present market dynamics while delivering an analysis of anticipated future market expansion.
Pulses are known to be one of the best foods to control appetite, and they are good for the heart. They are rich in fiber and excellent at managing cholesterol in humans. Pulses require lower water quantities for farming than any other crop, driving their cultivation all over the world. Rising demand for vegetarian food is fueling nutritional sources such as pulses. Various governments are formulating new policies to fuel research activities on product innovations with pulse-based ingredients.
For instance, the U.S. Dry Pea and Lentil Council are also funding research and development (R&D) activities by businesses and culinary experts to support not only new product innovations using U.S. pulses but also the marketing of such innovative products in the market in 2022. The Council currently runs and collaborates with two campaigns in India to promote peas, chickpeas, & lentils from the U.S. in India. This initiative will further fuel the expansion of the market with new product innovations in the region.
Rising research and development activities by manufacturers and organizations specialized in developing pulses are fueling market expansion in the coming years. For instance, LOCALNUTLEG introduced a new product prototype with legumes and nuts at the IMTF (Innovation in Mediterranean Traditional Foods: Novel Products and Processes) conference. This demonstrates the ongoing research activities to innovate new products with pulses in the marketplace. This widens the pulses market all over the world by improving product availability among consumers.
Furthermore, the rise in international trade facilitated a great market worldwide with access to various goods like pulses in the form of exports and imports, embarking on supply shortages and overproduction with mutually beneficial trade. Moreover, countries are working towards self-reliance and taking food safety measures to combat the hunger crisis. This will further fuel the cultivation of pulses as they require less water and can be grown in any climate condition in the coming years.
Polaris Market Research has segmented the pulses market report based on nature, form, product type and region: