The global pulse ingredients market size is expected to reach US$ 3.06 Bn by the end of 2032. According to a study by Future Market Insights (FMI), the market will show a steady rise at 5.2% CAGR between 2022 and 2032.
According to the report, the rising demand for organic and natural products will stoke growth in the market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.
It includes in-depth insights into the pulse ingredients market. Some of these are:
- The estimated value of the market was at US$ 1.84 Bn in 2022. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
- The Asia Pacific pulse ingredients market is driven by the rise in disposable incomes, urbanization, and expansion of the food & beverage industry.
- The Asia Pacific region is backed by major revenue generating countries such as China and India.
- Peas segment is projected to dominate the pulse ingredients market during the forecast period.
- Key players are likely to focus on product innovations to stay relevant in developed markets.
“Pursuit for new ingredients in bakery products have contributed to an increased usage across North America,” said a lead analyst at FMI.
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Given Increased Consumer Awareness of Gluten Free Bakery Goods, Changes in Consumer Preferences due to COVID-19 Outbreak will Effect Development
Pulse flour is obtained from milled or dried pulses that are processed for use in various baking products including breads, rolls, cookies, and muffins. Because of its gluten-free quality and ability to improve the texture and shelf life of food it is used as a versatile food ingredient.
The pulse flour is used as an alternative to rice and wheat flour in various cuisines. For baking products and the snack industry, these types of flours are commonly used to improve nutritional, protein and flavor content of the products.
Owing to the close relationship between economic activity and demand for crude oil and refined products, widespread viruses usually carry downside price pressure for energy commodities. This is particularly true when an economy the size of the China is participating in the sphere of influence.
The quickly spreading COVID-19 has disrupted economic activity and devastated the stock market, but prices of critical goods are on the rise on the futures market.
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Who is Winning?
Most of the companies are involved in various strategic initiatives to strengthen their market presence and gain a competitive edge in the value chain.
Global pulse flour market share is fragmented including Ingredion, ADM, Bunge, The Scoular Company, Best Cooking Pulses, AGT Food & Ingredients, Diefenbaker Spice & Pulse, CanMar Grain Products, Parakh Agro Industries, Blue Ribbon, EHL, Bean Growers Australia, Great Western Grain, SunOpta and Ganesh Grains are fragmented global market share.
Get Valuable Insights into Pulse Ingredients Market
Future Market Insights, in its new report, presents an unbiased analysis of the global pulse ingredients market, covering historical demand data and forecast figures for the period between 2022 and 2032. The study divulges compelling insights into growth witnessed in the market. The global pulse ingredients market is segmented on the basis of type, source and application.
On the basis of the type the market is segmented into pulse flours, pulse starches, pulse proteins, and pulse fibers & grits. On the basis of the source the market is segmented into peas, beans, chickpeas and lentils. On the basis of the application the market is segmented into food & beverages, feed and other applications. Regionally, the market can be segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA