The size of the global market is predicted to reach USD 27 billion by 2032, according to recently released data from Future Market Insights’ market study of pulse ingredients. For the anticipated period of 2022–2032, it is expanding at a CAGR of 4.5%. The predicted market size for 2032 is 19 billion dollars.
Because of the rising demand for natural ingredients and clean-labeled food products, the Pulse Ingredients Market is expanding. Consumers are shifting their diets to include more natural and organic ingredients because pulse ingredients are high in vitamins and minerals.
Moreover, as people become more health conscious, the demand for gluten-free natural ingredients is increasing. As a result, the Pulse Ingredients Market is expected to expand between 2022 and 2032.
The growing consumer preference for protein-rich foods, such as pulse ingredient protein, is driving the Pulse Ingredient Market forward. Because of the health benefits provided by these ingredients’ high protein content, there is a growing demand for pulse-derived ingredients such as pea protein, pea flour, and pea starch. As a result, the Pulse Ingredients Market is expected to expand between 2022 and 2032.
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Key Takeaways from Market Study
- India’s economy is still in its early stages. The country has an abundance of raw material for pulse ingredients, which is primarily used by pulse ingredient manufacturers.
- For the forecast period of 2022-2032, the pulse ingredient market in Japan is expected to grow at a CAGR of 3%.
- Australia is the third-largest producer and exporter of faba bean, a pulse ingredient. Aside from that, the country is the seventh largest producer and exporter of field peas.
- The United States of America is a developing market for pulse ingredients, with the largest share expected during the forecast years.
- China is regarded as a major contributor to total pulse production. It is expected to reach a market size of USD 5.2 billion by 2032, with a CAGR of 7.1% from 2022 to 2032.
“The increasing demand for plant-based and gluten-free products, as well as the growing acceptance of protein-rich food products, are the primary factors driving market growth. Increasing disposable income, combined with a shift in people’s lifestyles, is expected to drive the overall market development of the Pulse Ingredients Market between 2022 and 2032,” says a Future Market Insights analyst.
As a result of current trends, some key market players are focusing on various expansion strategies in order to sustain future growth. Product innovation, acquisition, collaboration, and expansion will remain popular strategies for market participants looking for a competitive advantage.
Among the prominent players and regional players in the global pulse ingredients market are Ingredion Incorporated, Roquette Frères S.A., Emsland-Starke GmbH, The Scoular Company, AGT Food and Ingredients Inc., Cosucra Groupe Warcoing S.A., Vestkorn Milling A.S., and Dakota Dry Bean, Inc.
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Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global pulse ingredient market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
- Butter Blend
- Dairy and Ice-cream
- Spreads & Toppings
- Others (Ready to Eat Meals, Baby Food, and Snacks)
- North America
- Latin America
- East Asia
- South Asia
Frequently Asked Questions
- What is the current market size of Pulse ingredient Market?
- What is the growth rate of Pulse Ingredient Market?
- What is the market’s forecasted outlook for 2022-2032?
- What are the major industry drivers?
- What are the key industry trends of the global pulse ingredients market?
- What are the major regional markets for pulse ingredients?
- What are the most common types of pulse ingredients in the market?
- What is the market’s major application segments?
- What are the Key companies operating in the market?
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