Pulse Ingredients Market Size Worth $29.9 Billion By 2030 | CAGR: 4.7%

The global pulse ingredients market size is expected to reach USD 29.9 billion by 2030, according to a new study by Polaris Market Research. The report “Pulse Ingredients Market Share, Size, Trends, Industry Analysis Report, By Type (Pulse Flour, Pulse Starch, Pulse Protein, Pulse Fibers & Grits); By Source; By Application; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides an analysis of future market growth.

The main factors driving the markets are the rising trend towards healthy food products, growing urbanization, and consumer interest in sustainable and plant-based protein food products. Furthermore, growing awareness about the health benefits of pulse protein is the primary factor driving demand. In addition, changing consumer lifestyles along with high disposable income also help to increase the market share over the forecast period.

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Pulse components bind, coat, gel, and thicken for various food applications, such as vermicelli, soups, pasta, noodles, and much more. Chickpea flours are gaining attention due to their gluten-free and nutty texture. Furthermore, affordability and growing consumer demand for items made with pulse flour accelerate market growth. Moreover, pulses have low-fat content that is efficient in maintaining cholesterol and sugar levels, which contributes to revenue growth.

The COVID-19 pandemic had a negative impact on the demand for the market owing to disruption in the supply chain and logistics due to the lockdown. Decreasing labor supply and complicated logistics led to a fluctuation in prices caused by a sudden increase in demand. However, as the activities resumed, consumers inclined more toward healthy diets which are affordable and rich in protein.

Pulse Ingredients Market Report Highlights

• Growing demand for pulse flours in several end-use applications, such as bakery products, dairy products, and confectionaries, is expected to drive product demand.
• The chickpea segment accounted for the highest revenue share in 2021 and is expected to continue its dominance owing to its organic and cost-effective nature and wide application in snacks and hummus production. 
• The food and beverages segment is expected to hold the maximum revenue share owing to the innovative product development for the daily consumption of pulse protein. In addition, increasing uses of these ingredients for food processing in household application also boost the market demand.
• The Asia Pacific is expected to grow over the forecast period owing to improving the standard of living and rising health awareness of powder form among consumers in the region, such as India and China.

• Major players operating in the industry include ADM, AGT Food & Ingredients, Anchor Ingredients, Archer Daniels Midland Company, Axiom Foods, Batory Foods, Cosurca Groupe Warcoing S.A., Dakota Dry Bean Inc., Dakota Ingredients, Ingredion Incorporated, Puris, Roquette Freres.

Polaris Market Research has segmented the Pulse Ingredients market report based on type, source, application and region:

Pulse Ingredients, Type Outlook (Revenue - USD Billion, 2018 - 2030)

• Flour
• Starch
• Protein
• Fibers & Grits

Pulse Ingredients, Source Outlook (Revenue - USD Billion, 2018 - 2030)

• Lentils
• Peas
• Chickpeas
• Beans

Pulse Ingredients, Application Outlook (Revenue - USD Billion, 2018 - 2030)

• Food & Beverages
  • Bakery & Confectionery Products
  • Snacks
  • Dairy
  • Beverages
  • Others
• Feed
• Others

Pulse Ingredients, Regional Outlook (Revenue - USD Billion, 2018 - 2030)

• North America
  • U.S
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa