Pulses Market Share, Size, Trends, Industry Analysis Report, By Nature (Organic, Conventional); By Form; By Product Type; By Region; Segment Forecast, 2024- 2032
- Published Date:Jan-2024
- Pages: 118
- Format: PDF
- Report ID: PM3915
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
Global pulses market was valued at USD 70.17 billion in 2023 and is expected to grow at a CAGR of 5.20% during the forecast period.
Pulses are edible seeds, normally including lentils, legumes, beans, chickpeas, and more. They are rich in fiber, carbohydrates, and vitamins, driving a larger consumer base worldwide. Pulses are a staple food that is commonly consumed in traditional cultures. People in both urban and rural areas are learning the importance of including pulses in their diet. Growing health consciousness among the population is driving the demand for a balanced diet; thus, pulses are primarily used at least once per day in most households. Governments are stepping forward to ensure the availability of nutritious food for their citizens, primarily pulses.
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- For instance, in July 2023, the Indian government launched the sale of subsidized chana dal with the new brand name "Bharat Dal". This is to increase the affordability of pulses among the consumers in India.
Moreover, ready-to-eat food items are driving the demand for product innovations with nutritional value. Restaurants are innovating new food items and snacks with pulses due to the rising demand for on-the-go foods and healthy instant varieties among consumers.
However, the lower productivity of pulses is one of the major problems, and this is highly attributable to the rapid climate changes, droughts, and unforeseen environmental occurrences. This is leading to lower supply in the marketplace, fueling the demand for substitutes.
Industry Growth Drivers
- Rising product innovations with one of the pulses as a key ingredient
Companies are showing profound interest in incorporating pulses into food and snack innovations due to the rising consumer focus on healthy food intake. In 2020, all over the world, 5% of new product launches consisted of at least one pulse, with almost 12,000 new items introduced over 12 months. A 125% rise from a decade ago. This is due to the rapid rise of health-conscious consumers around the world. In addition, the increase in disposable income among individuals is driving the demand for ready-to-eat and instant snacks in the marketplace. As this trend is likely to continue in the coming years, there will be a huge demand for nutritional food items, providing new growth and demand opportunities for the pulse market in the coming years.
Industry Report Segmentation
The market is primarily segmented based on nature, form, product type and region.
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By Nature |
By Form |
By Product Type |
By Region |
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Industry Analysis By Nature Analysis
- Organic segment is projected to have the highest growth rate during the forecast period
The organic segment is projected to grow at a CAGR during the forecast period, mainly driven by the various health benefits associated with it. Organic pulses are the result of farming processes from sowing seeds to harvesting without synthetic pesticides and chemicals. Rising environmental sustainability among consumers is stimulating the demand for organic pulses. Consumer willingness to spend on organic pulses is propelling the organic pulses market throughout the forecast period.
The conventional segment led the market with a substantial revenue share in 2022, largely attributable to its higher productivity, which led to an affordable price for end consumers. The conventional nature of pulses reached the wider market due to its evolution long before farmers used organic farming to increase their yield. Affordability and familiarity with the product are the driving forces behind the growing demand for conventional pulses.
Industry Analysis By Form Analysis
Flour Pulses segment accounted for the largest market share in 2022
The flour pulses segment registered the largest market share in 2022 and is likely to continue its market position throughout the forecast timeframe. This is mainly imputable to the rising preference for gluten-free products due to the growing awareness about the health effects of gluten. Flour pulses are rich in protein and gluten-free, driving demand from health-conscious consumers in the future. These pulses are mostly used in gluten-free pasta and snacks, drawing larger market demand throughout the projected period.
The split pulses segment is expected to have stable growth over the next few years due to the growing number of working professionals in the global market, driving demand for convenient vegetables and pulses for cooking without time constraints. Split pulses are more convenient in the cooking process compared to whole pulses. Traditionally, they have been used in various culinary applications like soups, side dishes, and curries, further fueling the demand during the study period.
Industry Analysis By Product Type Analysis
Chickpeas segment held the largest market revenue share in 2022
The chickpeas segment held a significant market share in revenue in 2022 and is expected to continue this trend in the next few years due to the rising demand for them in the snack industry. Chickpeas are known to have the highest nutritional value with vitamins, minerals, fibers, and antioxidants. These properties are enhancing its use in the snacking industry with a view to providing healthy snacks for manufacturing companies. They are used in international cuisines due to their taste and ability to deal with human body functions.
The lentils segment is projected to fuel the pulse market owing to the traditionally large consumer base from many years ago. India consumes approximately half of the world's production of lentils. Based on the article published on Healthline, lentils are a nutritional powerhouse with B vitamins, zinc, magnesium, and potassium. The rising availability of information about various products' nutritional values due to the larger penetration of internet users is driving health-conscious consumers, which in turn drives the demand for lentils in the coming years.
Pulses Market: Regional Insights
Asia Pacific registered the largest market share in the global market in 2022
The Asia Pacific region witnessed the largest global pulses market share in 2022 and is expected to continue this trend over the anticipated period. This growth is due to the rising government initiatives in developing countries to be self-sufficient in unforeseen pandemics like COVID-19. The Government of India established various schemes like the National Food Security Mission and the Rashtriya Krishi Vikas Yojana with a view to increasing pulse productivity in the country and reducing imports. This increased the production of pulses by 51.81% from 2010–11 to 2021–22. This demonstrates the result of government initiatives on pulse productivity in the country. As the countries in the region act on food safety measures, there will be a further increase in pulses productivity in this region, which will fuel the growth of the pulses market in the coming years.
The Europe region will grow at a rapid pace, owing to the rising innovations in the food industry with pulses as one of the ingredients. According to the report released by the Canadian Ministry of Agriculture and Agri-Food Canada, more than 3500 pulse-based food items were launched in Europe from 2010 to 2015. This demonstrates the rising research and product innovation by the manufacturers in the region, primarily incorporating pulses as major ingredients, fueling the demand for pulses soon.
Key Market Players & Competitive Insights
The pulses market is expected to witness higher competition due to the rising acquisitions, collaborations, and evolution of startups in the food industry. Growing product innovations to meet ongoing consumer demands are expanding the pulses market. These players are adopting technology to understand consumer preferences, along with merger and acquisition activities, in order to expand their market presence.
Some of the major players operating in the global market include:
- Adani Wilmar Limited.
- AGT Food and Ingredients
- BroadGrain Commodities Inc.
- Globeways Canada, Inc.
- Goya Food Inc.
- Louis Dreyfus
- NHC Adani Foods Limited
Recent Developments
- In March 2023, Adani Walmir, an FMCG company announced its Fortune Pulses brand introduced nine varieties of natural pulses into its product line. This is done to increase its strong market presence in Northern and Eastern states of India.
Pulses Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 73.68 billion |
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Revenue forecast in 2032 |
USD 110.83 billion |
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CAGR |
5.20% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2024 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
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Segments covered |
By Nature, By Form, By Product Type, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
