The global pulse products market is anticipated to reach a valuation of USD 1,28.0 Billion in 2022. As adoption increases in households, the flour industry, and the snack food sector, the market is projected to grow at a 4.3% CAGR from 2022 to 2032, reaching an estimated USD 1,95.0 Billion by 2032.
Growing health awareness among people and growing demand for nutritious plant-based products are driving the global pulse products market.
Plant-based products are both healthier and safer than animal-based products. The pulse products market is being driven by the growing popularity of veganism around the world and increasing applications of pulse products in bakeries, snacks, beverages, and pet food.
Pulse products are linked to a number of health benefits. Some of these health benefits include improved heart health, lower blood pressure, and reduced cholesterol levels. Additionally, pulse products have also been linked to a decreased risk of developing certain types of cancer, which has led to a growing consumer preference for these products. This will continue to boost pulse products market during the forecast period.
Another factor driving the sales of pulse products is the growing demand for vegan and gluten-free foods. Pulse products have become great choices for people with dietary restrictions or allergies as they are low in carbs and calories. Pulse products are also non-GMO and made with organic ingredients. This appeals to consumers who are looking for healthy, natural products.
Key Takeaways:
- Based on product, dry peas segment is expected to account for a significant value share of over 13% in the global pulse products market in 2022.
- By type, the pulse protein segment is likely to grow at a higher pace during the forecast period.
- North America is projected to hold a revenue share of around 34.4% in the global pulse products market during the forecast period.
- The India pulse products market is anticipated to expand at around 5.4% CAGR between 2022 and 2032.
- The pulse products market in the U.K. is expected to grow at a steady CAGR of 4.6% during the projected period.
- The U.S. pulse products market is expected to reach a valuation of US$ 34 Bn in 2022.
Tap into Expertise: Discuss with Our Analyst on Email: sales@futuremarketinsights.com
Rising Usage in Food Products Boosting Pulse Products Market
Companies are using pulse products in their food products because they are a healthier option than some other types of food. For example, pulse flour is lower in calories and has more nutrients than other types of flour.
Pulse products are used by companies like Avena Foods to create functional foods and supplements. The products come in many forms, including powders, granules, and tablets. They can be used to create healthy snacks or meals, and they are also popular among athletes and those looking to maintain a healthy weight.
Competitive landscape:
The global pulse products market is highly fragmented and competitive, with numerous local and regional players. Major companies are using strategies such as new product launches, partnerships, expansions, mergers, and collaborations to boost their sales and secure a market advantage.
Some of the leading companies operating in the pulse products market are ADM, AGT Food and Ingredients, Ingredion Incorporated., Buhler AG, Diefenbaker Spice & Pulse, GPA Capital Food Pvt Ltd, USA Pulses, Puris, Vestkorn, Batory Foods, The Scoular Company, Groupe Emsland, Roquette Frères, Popular Pulse Products Pvt. Ltd., Esteem Bio Organic Food Processing Limited, Beacon Foods Limited, Cargill, Incorporated., Parmanand & Sons Food Products Private Limited, CKP Products Limited., and Avena Foods, Limited.
Pulse Products Market by Category
By Product:
- Chick Peas
- Kaspa Peas
- Lentils
- Pigeon Peas
- Fava Beans
- Black Gram
- Beans
- Dry Peas
- Mung Beans
- Other
By Type:
- Pulse Fiber
- Pulse Grits
- Pulse Starches
- Pulse Protein
- Pulse Flour
By Application:
- Bakery
- Beverages
- Extruded Snacks
- Pet Food
- Others
By End User:
- Home Use
- Snack Food Industry
- Flour Industry
- Others
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube