Global Pulse Ingredients Market was valued at US$ 17.7 Bn in 2018 and is expected to reach US$ 28.9 Bn by 2026, at a CAGR of 6.32% during a forecast period.
Based on the type, the pulse flour segment is expected to propel the global pulse ingredients market growth in the near future as increased demand for pulse flour from food manufacturers across the globe. The rise in usage of pulse flours in the food industry to produce food products which are highly nutritious, have a low-glycemic-index, protein-fortified, and are gluten-free. On the basis of application, food & beverage segment is projected to surge the global pulse ingredients market growth during the forecast period as the growing demand for the healthy food products among consumers across the globe.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
In addition, increased population coupled with rising per capita income of the middle-class population in emerging economies, which is fuelling the global pulse ingredients market growth in a positive way. In terms of source, chickpea segment is estimated to surge the global pulse ingredients market growth as growing consumer’s inclination towards the adoption of chickpea. It has health benefits such as stabilizing blood sugar level, minimizing heart attack risk, which is also driving the global pulse ingredients market growth.
The rise in concerns regarding health and increased demand for high-quality food products among consumers across the globe, which are driving the global pulse ingredients market growth. The growing trend of chickpea flour adding as a thickening ingredient in soups across the globe. Increased technological advancements such as smart packaging are also fuelling the global pulse ingredients market growth in a positive way. Increase in consumption of bread which is made by pulse ingredients in the Asia Pacific region, which provides opportunities to the manufacturers. The rise in the trend of gluten-free vegetarian and vegan diets, which is booming the global pulse ingredients market growth.
In terms of region, the Asia Pacific is estimated to hold the largest share in the global pulse ingredients market in the forecast period as rapid urbanization and increased influence of western lifestyles among consumers. In addition, growth in popularity of convenience foods, higher per capita consumption of baked goods, and the presence of key players in this regions, which are boosting the global pulse ingredients market in a positive way. The global pulse ingredients market is driven by the growing consumption of high-protein products and consumer’s preference toward a vegan and vegetarian diet. Changing lifestyle is one of the key trends in the global pulse ingredients market in this region. North America is projected to generate the highest CAGR in the global pulse ingredients market during the forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Pulse Ingredients Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Pulse Ingredients Market.
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Scope of the Report Pulse Ingredients Market
Global Pulse Ingredients Market, by Type
• Pulse Flours
• Pulse Starch
• Pulse Proteins
• Pulse Fibers & Grits
Global Pulse Ingredients Market, by Source
• Lentils
• Peas
• Beans
• Chickpeas
Global Pulse Ingredients Market, by Application
• Food & Beverages
• Feed
• Others
Global Pulse Ingredients Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
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