Pulse Ingredients Market By Source (Beans, Peas, Chickpea, Others), By Material (Pulse Flour, Pulse Starch, Pulse Proteins, Others), By Application (Food And Beverage, Feed, Others) - Growth, Share, Opportunities & Competitive Analysis, 2019 -2027

Increasing trends for vegan and gluten-free products support the market growth.

The global pulse ingredients market is expected to grow at a CAGR of 4.6% during the forecast period from 2019 to 2027, starting from US$ 15.83 Bn in 2018.

The elevated trends for vegan and plant-based products are increasing the global demand for pulse-based ingredients. Nowadays, consumers are more inclined towards using pulse-based ingredients due to its inherent attributes for health benefits. For instance, from 2006 to 2016, about 4,900 pulse-based products were launched in the North American region. Due to the increasing global demand for pulse-based products, manufacturers are focusing on producing more products out of pulse. Pulse are not only limited to food and drinks but also is one of the key element for pet food products. 

The pulse sector is undergoing dynamic changes at regional, country, and global levels. Projections indicate that the demand for pulse ingredients will continue to grow in developing countries such as India, China, and others due to rising income and growing population. Moreover, pulses are considered one of the main protein sources in Indian diets. Per the National Sample Survey (N.S.S.) and the Indian Council of Medical Research, the pulse is among the cheapest protein source. In 2016, the U.N. International Year of Pulses Report suggested pulses' agro-ecological and nutritional properties. The pulses enhance the sustainability of agro-food systems by increasing ecosystem services for agriculture and reducing animal-based protein consumption. In addition, interest in plant protein-based products is increasing among Western consumers, thereby increasing the demand for pulse-based ingredients globally.

Market Synopsis                                             

Wide availability of pulse flour worldwide will spark the market growth.

Pulse flour dominated the pulse ingredients market in 2018. Pulse ingredients, mainly pulse flour, is becoming popular due to the presence of various proteins, iron, and fibers. Pulse flour offers multiple uses, such as it can be used in the manufacturing of snacks, yogurt, and puddings. Moreover, various applications of pulse flour in a number of industries such as food and beverages and animal feed products support the dominance of the pulse flour market globally. The pulse flour market is gaining a lot of adoption due to rising awareness among consumers of vegan and plant-based protein sources.  

The R&D activities and new product development by the manufacturers and various government initiatives for endorsing pulse flour will drive the market during the forecast period. Moreover, Pulse Canada, a national industry association representing traders, and growers of pulse crops, integrated pulse flour in pasta that offered 5 grams of protein per serving, driving the market growth.

Regional Analysis

Wide availability of pulse in Asia Pacific region supports the market growth.

The Asia Pacific dominated the pulse ingredients market in 2018. India is the largest producer of pulses. With the annual domestic availability of around 27 million tonnes in the year 2017. Moreover, China is one of the largest consumers and importers of pulse and pulse-based products worldwide. In 2016, China accounted for the second largest importer of pulses, with imports of about the U.S. $400 million of the pulse along with total sales amounting to 2 million tonnes. The wide availability of pulses in the Asia Pacific region supports the market for pulse ingredients Market.

Major manufacturers in the Asia Pacific region are focusing on providing new pulse-based products to consumers. The aforesaid reasons are some of the key factors for the dominance of the pulse ingredients market in the Asia Pacific region.

List of Companies Covered:

  • Roquette Freres
  • Dakota Dry Bean
  • A.D.M.
  • Bunge Limited
  • SunOpta
  • Axiom Foods, Inc.
  • Puris
  • Emsland Group
  • A.G.T. Food and Ingredients
  • Avena Foods, Limited
  • Ingredients

Key Industry Developments:

  • In September 2018, Roquette, a leading plant-based food and nutrition ingredients manufacturer, acquired the extrusion of plant-based proteins from Texpall. Through the acquisition, Roquette aims to expand its premium plant-based ingredients for meat products market alternatives. Moreover, to become a leading supplier of textured pulse proteins.
  • In November 2018, Bunge launched a new product. The new lentil flour can be used as a substitute for modified starch and offers additional modified benefits. Bunge's lentil flour helps to boost protein content.
  • In July 2016, Anchor Ingredients Co., L.L.C., a food and pet food supplier, acquired a rail-loading and storage facility in Culbertson, Mont. The acquisition aims to provide the best quality ingredients promptly to the customers.
  • In February 2015, Ingredion increased its product portfolio by launching new pulse-based flours in the European market. Ingredion launched ten new pulse-based flour. The new product range is highly nutritious and gluten-free.

Historical & Forecast Period

This study report represents analysis for each segment from 2017 to 2027, considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.

Segmentation Source (2017–2027; US$ Bn)

  • Beans
  • Peas
  • Chickpea
  • Others (Lentils etc.)

 Material (2017–2027; US$ Bn)

  • Pulse Starch
  • Pulse Flour
  • Pulse Proteins
  • Others (Pulse Fibers and Grits etc.)

 Application (2017–2027; US$ Bn)

  • Food & Beverage
  • Bakery Products
  • Processed non-veg products
  • Snacks
  • Others (Meals, Dairy, etc.)
  • Feed
  • Others (Personal Care, Pharmaceuticals, etc.)

 Geography (2017–2027; US$ Bn)

  • North America (the U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (Japan, China, India, Rest of Asia Pacific)
  • Rest of the World (Latin America, Middle East & Africa)

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities to understand the overall pulse ingredients market better. The global report also represents the competitive landscape based on market initiatives and strategies, product portfolio, and business strengths.

Frequently Asked Questions

The market for Pulse Ingredients is expected to reach US$ 15.83 Bn in 2028.

The Pulse Ingredients market is expected to see significant CAGR growth over the coming years, at 4.6%.

The report is forcasted from 2019-2027.

The base year of this report is 2018.

Roquette Freres, Dakota Dry Bean, ADM, Bunge Limited, SunOpta, Axiom Foods, Inc., Puris, Emsland Group, AGT Food and Ingredients, Avena Foods, Limited are some of the major players in the global market.

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Published Date:  Feb 2020
Category:  Food & Beverage
Report ID:   60189
Report Format:   PDF
Pages:   150
Rating:    4.5 (60)
Delivery Time: 24 Hours to 48 Hours   
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