Pulse Ingredients Market

Pulse Ingredients Market Size, Growth, Forecast (2023-2028)

The global Pulse Ingredients Market size was assessed to be USD 17.4 billion in 2022 and is predicted to reach a valuation of USD 21.6 billion by 2028 at a notable CAGR of 4.5% over the outlook period. The pulse ingredients have become established worldwide as the demand for vegan and gluten-free diets increases.

Market Overview:

The pulse component extracted from lentils, chickpeas, peas, and beans uses less renewable energy than other crops. Pulsed ingredients are food and food products that provide natural solutions to increase the value of food and food products without changing the properties of aroma, color and fragrance. Pulse is an important source of high protein content in foods and food products to maintain the desired level of protein and a healthy mineral balance with an excellent amino acid profile. Pulse fiber is much higher in pectin and fructans and can reduce the risk of colon cancer and control cholesterol levels. Pulse flour has been used successfully to make pizza dough and flatbread, gluten-free cookies, bread dough and dough, cookies and extruded snacks. Pulse protein is an important source of minerals and vitamins such as magnesium, zinc, iron, and folic acid. The pulse component provides a nutritional advantage over other food ingredients used in indirectly expanded foods.

Recent Developments in Pulse Ingredients Industry:

• Roquette purchased a new division of Texpall in the Netherlands in October 2018. This acquisition will allow Roquette to increase the capacity of pulsed and plant components, expand operations, expand its business, and capture new markets.

Pulse Ingredients Market Growth:

Emerging growth in disposable income in the Asia Pacific countries, urbanization and expansion of the food and beverage industry are expected to lead the market in the coming years.

REPORT COVERAGE:

Drivers:

As health problems increased among consumers in other regions, consumers had to choose gluten-free foods to further drive the sale of pulsed ingredients in the food industry. Manufacturers have begun integrating legumes into a wide variety of food products, including bakery products, bars, nutritional bars, breakfast cereals, cheese substitutes, meat substitutes, and snacks. Increased health awareness due to gluten consumption, such as bloating, abdominal pain, multiple skin problems, diarrhea, and headaches has dramatically changed the adoption of pulse components among people without gluten. To prevent protein deficiency, stabilize cholesterol, promote heart health, and promote weight loss, legumes are a key source of protein in vegan and vegetarian diets. As a result, the global pulse component market is expected to witness promising growth in the coming years. Because of this, manufacturers had to develop a broad spectrum of these products, which is expected to accelerate the growth of the pulse component market. Adoption of chickpea flour for spreading in a wide range of applications such as meat, sauces, beverages, confectionery, dairy and bakery products is also driving this business. Due to the provided health benefits, there was a notable consumer trend to adopt chicks, including stabilizing blood sugar levels, minimizing the risk of heart attack, improving metabolic rate, and controlling weight gain. Due to its consistency, chickpea powder is added as a concentrated ingredient in the soup. The factors mentioned above play a fundamental role in strengthening the growth of the pulse components market, and chickpeas continue to be the fastest-growing segment in the general market. The expansion of the food and beverage industry in the Asia-Pacific region is expected to increase sales of pulsed ingredients as consumer preferences for foods with health benefits and adaptive style increase.

In addition to this, as health concerns increase among consumers in countries like the United States, consumers are expected to promote the sale of pulsed ingredients in search of clean-label ingredients and low-fat food options. It is expected to fuel the pulse ingredient market in the coming season as consumers' propensity for vegetarians and vegans worldwide increases. Furthermore, as the demand for pulse starch increases in various applications in the food industry, it is foreseen to have a significant impact on the pulse ingredient market. The new demand for clean labels and gluten-free foods is expected to create unexplored opportunities for market participants. Consumers worldwide are increasing their demand for the pulse component market due to increased health awareness. Also, the increasing popularity of protein-rich foods among consumers is expected to have a strong impact on the pulse ingredients market. As the world population grows, there is a growing demand for pulsed ingredients on the world market, as the demand for nutrient-rich, healthy and sustainable food is a demand. The demand for pulse components increases as it offers outstanding functional benefits and enables manufacturers to develop cost-effective, nutrient-rich, clean labels, foods, and food products. Due to the good nutritional and gluten-free properties, consumer interest in food formulations containing pulsed ingredients is expected to increase demand in the near future. Increasingly selective and health-conscious consumers that demand delicious and convenient foods provide additional opportunities.

Restraints:

The strict rules and regulations imposed by various international organizations limit the growth of this market. Also, the undesirable and unpleasant pulse flavor hinders the growth of this market. Flavor is an important factor that inhibits the use of many components of vegetable proteins. Similar to soy ingredients, the taste of the pulse component is a barrier to consumption and limits the expansion of the pulse component in conventional food applications. Fluctuations and volatility of pulse prices have a negative impact on the growth of this market. As the prevalence of protein-rich foods increases, market growth is expected to be stymied during the forecast period.

Pulse Ingredients Market Segmentation Analysis:

By application, the market for pulse components is subdivided into food and beverages, feed and the like. The food and beverage sector is expected to dominate the market during the forecast period. Expansion of the food and beverage industry in the Asia-Pacific region is expected to increase sales of pulsed ingredients as consumer preferences for foods with health benefits and style adaptation increase. urbanized life. In addition to this, the increase in health problems among consumers in countries like the United States is expected to accelerate the sale of pulse components, as consumers look for clean ingredients on labels and low-fat food options.

By type, Pulsed wheat flour extracted from sources such as peas and chickpeas is traditionally consumed in countries such as India and the Middle East. Pulsed flour is gaining popularity worldwide and is being added to foods such as bakery products, dairy products, confectionery, beverages, meat products, and sauces. They offer many health benefits, which is why they are attracting the attention of consumers and manufacturers worldwide.

By source, Peas serve as a source of minerals like iron, zinc, magnesium, and phosphorous, which are good for your health. It is also known to help lower cholesterol levels and maintain blood sugar levels due to the high fiber content. Ingredients derived from peas such as pea starch, pea protein, and pea powder are used as the main ingredients in a variety of products such as bakery products, confectionery products, snacks, soups and sauces, pasta and noodles, and products dairy products.

Geographical Segmentation Analysis:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

Market analysis regions include Asia Pacific, Europe, North America, South America, the Middle East, and Africa. The Asia Pacific region held the largest market share of around 41.20% in 2017. North America is growing rapidly as the use of well-pickled lentils, peas, and beans increases in the pulse material market. These countries have a large population base with an increase in the middle-class population choosing foods with health benefits as adaptation to urbanized lifestyles increases. The Asia Pacific region’s dominion is due to the rising disposable income, urbanization and the developments in the food and beverage sector. Furthermore, in this region, there is a great demand for processed foods that provide good nutritional value at reasonable prices, strengthening market growth.

Key Players in the Market:

Major key players in the Global Pulse Ingredients Market are

• Ingredion
• Emsland Group
• ADM
• Roquette Frère
• Batory Foods
• Herba Ingredients BV
• AGT Food and Ingredients Company
• Anchor Ingredients Co., LLC
• Avena Foods Limited
• Puris
• Unigrain Pty Ltd