Pulses Ingredients Market size is projected to reach approximately USD 25.22 billion by 2030, at a CAGR of 4.39% from 2020 to 2030.
Pulses Ingredients Market is expected to grow USD 25.22 billion at a CAGR 4.39% during the dorecast 2020-2030.The demand for pulses ingredients is increasing in the food & beverage industry due to the health benefits offered by them. Pulses ingredients are gluten-free and rich in fiber and are used in various food & beverage items as substitutes for rice or wheat. Pulses ingredients are enriched with vitamin B complex, magnesium, calcium, iron, and potassium which are vital for the proper functioning of the immune system.
Market players are focusing on R&D to launch new and innovative products using pulses ingredients as there is an increasing demand for gluten-free and low-calorie food products. In addition, these companies are focusing on making such products accessible and visible to customers across the globe, highlighting their antioxidant properties and high potassium levels. Moreover, pulses ingredients are high in calcium and magnesium, which helps in maintaining bone health in weight management. These factors are expected to drive the growth of the global pulses ingredients market during the forecast period.
The global pulses ingredients market has been segmented based on type, source, application, and region.
By type, the global pulses ingredients market has been segregated into pulses flours, pulses starch, pulses proteins, and others.
Based on source, the global pulses ingredients market has been segregated into lentils, peas, beans, chickpeas, and others.
The global pulses ingredients market has also been divided, on the basis of application, into food & beverage, animal feed, and others. The food & beverage segment has further been classified into bakery and confectionery; sauces, dressings, and spreads; RTE and RTC foods, and others.
The global pulses ingredients market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American pulses ingredients market has further been segmented into the US, Canada, and Mexico. The European pulses ingredients market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The pulses ingredients market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The pulses ingredients market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Regional Market Summary
Global Pulses Ingredients Market Share (%), by Region, 2017
Source: Secondary Sources and MRFR Analysis
Asia-Pacific is expected to dominate the global pulses ingredients market during the forecast period due to the presence of pulses ingredients producers and increasing awareness regarding the health benefits of using pulses ingredients in the region. Pulses ingredients offer several health benefits as compared to other grains, which lead to improved bone and heart health and maintaining blood sugar levels.
The increasing use of pulses ingredients in animal feed products in Europe is expected to result in a significant market share for the regional market in the coming years. However, the North America market is projected to register the highest CAGR during the review period due to the high inclination of consumers toward pulses ingredients for their nutritional value. Pulses are a good source of B vitamins such as thiamin (B1), riboflavin (B2), niacin (B3), pantothenic acid (B5), and pyridoxine (B6).
Global Pulses Ingredients Market, by Type
Global Pulses Ingredients Market, by Source
Global Pulses Ingredients Market, by Application
Global Pulses Ingredients Market, by Region
Key Players in the Global Pulses Ingredients Market