Global Pulse Ingredients Market - 2022-2029
Pulses are the edible seeds of legume-like plants. Pulses come in a variety of shapes, sizes, and colors. They're low in fat, high in protein, and have a lot of soluble fiber. Pulse ingredients helps to lower cholesterol and keep blood sugar levels under control. Some of the pulse ingredients include lentils, peas, chickpeas, field beans, and cowpeas. These ingredients are not part of the grain family and are common in diets worldwide. Pulse ingredients can be found in various foods and applications, including meals, soups, sauces, snacks, processed fish, egg products, bread items, and confectionery. Pulse ingredient manufacturers are taking advantage of this opportunity by catering to consumer demand. Furthermore, the pulse ingredients market is likely to be impacted significantly by the rising demand for pulse starch in various food applications. The global pulse ingredients market was valued at USD XX million in 2021. It is forecasted to reach USD XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).
Increasing awareness about the health benefits of pulse ingredients
Pulses are high in protein, fiber, and vitamins and minerals, including iron, zinc, folate, and magnesium. Eating half a cup of beans or peas per day can help improve diet quality by increasing these nutritional intakes. Furthermore, phytochemicals, saponins, and tannins in pulses have antioxidant and anti-carcinogenic properties, indicating that pulses may have anti-cancer properties. Pulse consumption also improves serum lipid profiles and has a beneficial impact on blood pressure, platelet activity, and inflammation, which are risk factors for cardiovascular disease. Pulses are high in fiber and have a low glycemic index, making them especially beneficial to people with diabetes by helping to keep blood glucose and insulin levels in control. Pulses are high in antioxidants and anti-inflammatory compounds, which assist in lowering cancer risk. According to studies, selenium from pulse reduces the pace of tumor growth. It also aids in stimulating our body's immunity and the maintenance of our overall health.
Furthermore, manufacturers' interest in producing pulse ingredients has been fueled by the growing trend of convenient, ready-to-eat, fast-cooking dishes. Government initiatives to increase pulse production and consumption across countries like the United States also drive market expansion. For example, the United States Agricultural Act of 2014 included a few programs for pulse crop support around the country. The law includes several health-related projects, including more than US$ 120 million to research pulses' overall nutritional and health advantages.
Pulse flours is the dominating segment during the forecast period
The pulse flours segment is expected to lead the pulse ingredients market by type during the forecast period. Pulse flours derived from peas and chickpeas have long been popular in India and the Middle East. Pulse flours are becoming increasingly popular worldwide and are used in a variety of food products, including bakery goods, dairy goods, confectioneries, drinks, meat products, and sauces. They provide several health benefits, and as a result, they are attracting global interest from both customers and manufacturers.
By source, the peas segment is expected to lead the pulse ingredients market in the year 2021. Peas are high in minerals, including iron, zinc, magnesium, and phosphorus, which aid overall wellness. Due to their high fiber content, they are also known to aid in reducing cholesterol and the maintenance of blood sugar levels. Pea-derived substances, such as pea starches, pea proteins, and pea flours, are utilized as important ingredients in various goods, including bakery, confectionery, snacks, soups and sauces, pasta and noodles, and dairy.
North America is the dominating region during the forecast period
North America is an emerging market for pulse ingredients, and it is predicted to account for the majority of the market throughout the forecast period. The convenience food industry is recognized for using a lot of pulse ingredients. There is a growing need for convenience foods in the region due to the region's hectic lifestyle and aging population. Convenience food is popular among consumers because of its practical qualities, such as simplicity, long shelf life, and high nutritional value. As a result, it is expected that pulse components will expand in popularity in the region.
The expansion of the food & beverage industry due to the rise in population is projected to drive the pulse ingredients market in the Asia Pacific. Asia-Pacific is one of the world's largest pulse producers. India and China are seen as important contributors to the region's total pulse production. According to the India Pulse and Grain Association (IPGA), India accounts for around 75% of chickpea production and 38% of lentil production. The country has an abundance of raw materials for pulse ingredients, mostly used by pulse ingredient manufacturers.
The pulse ingredients market is a highly competitive market that includes various prominent players and regional players in the global market. Sone of the key players in the market are Ingredion Incorporated, Roquette Freres 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. among others. Because the product falls under the category of fast-moving consumer goods, the manufacturers are concentrating their efforts on establishing strong distribution networks. Bunge Limited (U.S.) introduced lentil functional flour to its wide product portfolio of clean label ingredients in November 2018.
COVID-19 Impact: Positive impact on the global pulse ingredients market
The emergence of new coronaviruses, as well as the resulting lockdown restrictions, has wreaked havoc on the food supply chain. Due to the shutdown or reduced operations of the food service industry, global demand for pulse ingredients has decreased. Sales of processed foods such as bakery and confectionery, snacks, breakfast cereals, and functional beverages, on the other hand, increased during this time, somewhat offsetting the loss in the foodservice industry. Pulse ingredients have also been used extensively in processed foods. Because of the sector's resiliency in the face of the pandemic, pulse ingredients are expected to grow both during and after the pandemic.
Understand the current market scenario and viability of global pulse ingredients market over the forecast period.
Visualize the composition of the global pulse ingredients market terms of type, source, and application to identify major players, growth potential, and market strategies.
Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period.
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PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Excel data sheet with valuable data points of the global pulse ingredients market- Regional and Country level segmentation
Product mapping in excel for the key products of all major market players
Market Share Analysis covering business revenues ($) and revenue share (%) of key market players
The global pulse ingredients market report would provide an access to approximately 61 market data tables, 55 figures and 190 pages
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