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Pulses Ingredients Market Research: Industry Trends, Analysis, Types, Growth, Opportunity and Forecast 2023-2032.

Diana Rusco
Pulses Ingredients Market Research: Industry Trends, Analysis, Types, Growth, Opportunity and Forecast 2023-2032.

As per the MRFR reports, The pulses ingredients market industry is projected to grow from USD 19.0 Billion in 2023 to USD 26.8 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.4% during the forecast period (2023 - 2032).

Pulses ingredients are rich in fiber and gluten-free and are used in food & beverage items to replace wheat or rice. Pulses ingredients offer numerous health benefits causing them to gain enormous popularity across the food & beverage industry. Pulses ingredients are rich in potassium, iron, calcium, magnesium, and vitamin B complex, which are crucial for the good functioning of the immune system. The global pulse ingredients market has recorded massive growth in recent years. The growth of the global pulses ingredients market overview is attributed to the growing launch of new and innovative products and rising demand for gluten-free and low-calorie food products.

Segment Analysis

The global pulses ingredients market has been fragmented into several segments based on application, source, type, and region.

Based on type, the global market for pulses ingredients is segregated into pulses proteins, pulses starch, pulses flours, and others.

By source, the global pulses ingredients market has been divided into chickpeas, beans, peas, lentils, and others.

Based on application, the global pulses ingredients market is split into animal feed, food & beverage, and others.

Regional Analysis

The global market for pulses ingredients is studied across four major regions, including Asia-Pacific, Europe, North America, and the rest of the world.

The Asia-Pacific region is likely to lead the global pulses ingredients market is projected to record the highest market revenues over the review timeframe. The regional market's growth is being driven by the increasing awareness regarding the health benefits of pulses ingredients and the presence of pulses ingredients producers. Pulses ingredients provide numerous health benefits compared to other grains, which lead to enhanced heart and bone health and maintaining blood sugar levels.

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The European region is likely to exhibit substantial growth over the assessment era. The rise in the regional market is attributed to the increasing use of pulses ingredients in animal feed products.

The North American region is anticipated to record the highest CAGR over the forecasted era. The regional market's growth is attributed to the high inclination of consumers toward pulses ingredients owing to their nutritional value. Pulses are rich sources of B vitamins such as pyridoxine (B6), pantothenic acid (B5), niacin (B3), riboflavin (B2), and thiamin (B1).

Competitive Analysis

The global pulses ingredients market has a strong and competitive landscape. The leading players adopt several strategies such as partnerships, mergers, and acquisitions to grow their global market footprint. The list of leading players in the global pulses ingredients market research includes Dakota Dry Bean (US), Axiom Foods Inc. (US), SunOpta Inc. (Canada), The Scoular Company (US), Roquette Frères (France), Cosucra Groupe Warcoing SA (Belgium), Diefenbaker Spice & Pulses (Canada), Archer Daniels Midland Company (US), Emsland Group (Germany), Ingredion Incorporated (US), and many others.

Recent Developments

January 2022- Scoular Canada inaugurated a flax processing plant just east of Regina in Richardson, Sask. The facility is the first new flax plant in Western Canada in over ten years.

The vice-president and general manager for milling, distilling, seeds, and pulses, Jeff Vipond, said Scoular is focusing on the healthy food ingredients market and placing the plant next to its existing pulse processing facility made sense for extra efficiency, leveraging resources and for the company's grower base.

January 2022 – a world leader in testing, inspection, and certification (TIC) services, Bureau Veritas disclosed signing an agreement with Avena Foods Limited to offer on-site laboratory testing services at the company's Avena Purity Protocol facility situated in Regina, SK, Canada.  Avena is a specialty miller, which offers nutraceutical, pet food, beverage, and food manufacturers with sustainably grown and functional gluten-free pulse ingredients and milled Purity Protocol oat.

Key Players are:

Ingredion Incorporated (US), Roquette Frères (France), Emsland Group (Germany), The Scoular Company (US), Archer Daniels Midland Company (US), SunOpta Inc. (Canada), Diefenbaker Spice & Pulses (Canada)

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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Diana Rusco
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