Pulse Ingredients Market by Type (Pulse Flours, Pulse Starches, Pulse Proteins, Pulse Fibers, and Grits), Source (Peas, Chickpeas, and Lentils), Application (Food and Beverages, Animal feed, and Others): Global Market Size Estimates and Forecast (2022–2030)

Code: BMIRE00025870 | Pages: 100 | Industry: Food and Beverages | Date: Sep 2022 | Type: Global

The market crossed US$ 19.70 billion mark in 2022 and is expected to hit US$ 27.98 billion by 2030, recording a CAGR of 4.5% during the forecast period.

Pulse ingredients market has been significantly growing due to increased demand for pulse fibers in food and beverages industry.

Rising Pulse fibers are popularly used to enhance or modify the texture of food products through fat or water retention. It provides substantial amounts of vitamins and minerals. Due to its multi-functionalities, the food and beverage industry demands pulse ingredients to manufacture products such as pasta, bakery, noodles, confectionery, soups and sauces. Also, with the increasing health consciousness among the global population, the demand for the inclusion of dietary ingredients in food and beverages has been surging. Moreover, the use of pulse starches in animal feed and the food and beverage industry has been increasing worldwide due to its functionality of texturing and binding properties. Hence, all these factors are expected to witness significant growth during the forecast period.

Within the report, the market is segmented into type, source, application, and geography. By type, the market is further segmented into pulse flours, pulse starches, pulse proteins, pulse fibers, and grits. On the basis of source, the market is segmented into peas, beans, chickpeas, and lentils. The market is categorized into food and beverages, animal feed, and others. Geographically, the market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Increased applications in end-use industries anticipate the potential for pulse ingredients.

Pulse ingredients are usually sourced from high-quality lentils, peas, chickpeas, and beans. Over the past few years, the demand for nutrient-specific food and beverages has increased in the Asia Pacific. Also, the growing health and wellness awareness and expenditure on healthy products have increased. Further, emerging industries such as pharmaceuticals and nutraceuticals, functional food and beverages demand pulse starch, pulse fibers, and pulse proteins due to their gelling, thickening, and texturizing properties. In the pharmaceutical industry, gelatin is enormously being replaced by pulse starch. Hence, due to changing trends in the pharmaceutical industry, the pulse ingredients market is fueling at a fast pace during the forecast period.

Rising adoption of plant-based ingredients and labelling tags such as ‘vegan’ and ‘organic’ attracts a large consumer base and is a major factor accelerating the market growth.

The pulse ingredients are widely applicable in the end-use industries such as food and beverages, animal feed, pharmaceuticals and nutraceuticals, and others. Within these industries, the food and beverage industry is one such industry, wherein the use of pulse ingredients is increasing due to increased demand for plant-based food products worldwide. The manufacturers are launching products using pulse ingredients to cater to the consumers’ demand. The animal feed industry is also encouraging the use of pulse ingredients due to the increased demand for pulse proteins in animal feed. Other industries such as pharmaceuticals and nutraceuticals also encourage using pulse ingredients.

Get more information on this report :

Recent strategic developments in pulse ingredients market

The pulse ingredients market has undergone several significant developments, and a few of these have been mentioned below:

  • In September 2021, In December 2019, Requette Freres, a global leader in plant-based ingredients and pioneer of new vegetal proteins, launched two new plant-based textured proteins due to growing consumers’ demand for sensory, diversity and sustainable nutritional improvement.
  • In June 2021, Limagrain Ingredients launched fiber-rich wheat flour to counter Europeans’ low dietary fiber intake.
  • In June 2021, Ingredion launched new pulse-based flours for developing new and nutritious foods.

The pulse ingredients market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. AGT Food and Ingredients, Anchor Ingredients, ADM, Axiom Foods, Inc., and Roquette Freres, are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Pulse starch providers
  • Pulse proteins providers
  • Pulse fibers providers
  • Pulse ingredient-related service providers
  • Pulse ingredients manufacturers, sales firms, and distributors
  • Pulse ingredient associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • End users of pulse ingredients
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type:
    • Pulse Flours
    • Pulse Starches
    • Pulse Proteins
    • Pulse Fibers
    • Grits
  • Source
    • Peas
    • Beans
    • Chickpeas
    • Lentils
  • Application:
    • Food and Beverages
    • Animal Feed
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • AGT Food and Ingredients
    • Anchor Ingredients
    • ADM
    • Axiom Foods, Inc.
    • Roquette Freres

 

  • AGT Food and Ingredients
  • Anchor Ingredients
  • ADM
  • Axiom Foods, Inc.
  • Roquette Freres
Report Code
Full Name
Country Name
Email Id
Phone Number
Job Title
Company
Requirement

Note : Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.


Purchase Options
Single User License
$1500
Site License
$2500
Enterprise License
$3500