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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