Pulses Market Size Worth $110.83 Billion By 2032 | CAGR: 5.20%

A new research report published by Polaris Market Research; the global pulses market size is expected to reach USD 110.83 billion by 2032.

The report “Pulses Market Share, Size, Trends, Industry Analysis Report, By Nature (Organic, Conventional); By Form; By Product Type; By Region; Segment Forecast, 2024 - 2032” offers an in-depth examination of the present market dynamics while delivering an analysis of anticipated future market expansion.

Pulses are known to be one of the best foods to control appetite, and they are good for the heart. They are rich in fiber and excellent at managing cholesterol in humans. Pulses require lower water quantities for farming than any other crop, driving their cultivation all over the world. Rising demand for vegetarian food is fueling nutritional sources such as pulses. Various governments are formulating new policies to fuel research activities on product innovations with pulse-based ingredients.

For instance, the U.S. Dry Pea and Lentil Council are also funding research and development (R&D) activities by businesses and culinary experts to support not only new product innovations using U.S. pulses but also the marketing of such innovative products in the market in 2022. The Council currently runs and collaborates with two campaigns in India to promote peas, chickpeas, & lentils from the U.S. in India. This initiative will further fuel the expansion of the market with new product innovations in the region.

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Rising research and development activities by manufacturers and organizations specialized in developing pulses are fueling market expansion in the coming years. For instance, LOCALNUTLEG introduced a new product prototype with legumes and nuts at the IMTF (Innovation in Mediterranean Traditional Foods: Novel Products and Processes) conference. This demonstrates the ongoing research activities to innovate new products with pulses in the marketplace. This widens the pulses market all over the world by improving product availability among consumers.

Furthermore, the rise in international trade facilitated a great market worldwide with access to various goods like pulses in the form of exports and imports, embarking on supply shortages and overproduction with mutually beneficial trade. Moreover, countries are working towards self-reliance and taking food safety measures to combat the hunger crisis. This will further fuel the cultivation of pulses as they require less water and can be grown in any climate condition in the coming years.

Pulses Market: Key Report Highlights

• Organic segment is anticipated to witness the highest growth in the coming years due to growing environmental sustainability among consumers.
• Flour pulses segment accounted for the largest pulses market share owing to the rising trend towards gluten-free products.
• Chickpeas segment is projected to experience a larger revenue share due to its wide usage in the snacking industry.
• APAC is projected to register the largest growth rate in the study period owing to the presence of the largest producers of pulses.
• The global players in pulses market include Abbott Laboratories, Blue Diamond Growers, Coca-Cola, General Mills, Nestle, Post Holdings, Reckitt Benckiser, Valio Oy & Vitasoy International.

Polaris Market Research has segmented the pulses market report based on nature, form, product type and region:

Pulses Market Analysis by Nature Outlook (Revenue - USD Billion, 2019 - 2032)

• Organic
• Conventional

Pulses Market Analysis by Form Outlook (Revenue - USD Billion, 2019 - 2032)

• Whole Pulses
• Flour Pulses
• Split Pulses

Pulses Market Analysis by Product Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Dry Beans
• Lentils
• Faba Beans
• Dry Peas
• Chickpeas
• Cowpeas
• Bambara Beans
• Pigeon Peas
• Vetches
• Others

Pulses Market Regional Analysis Outlook (Revenue - USD Billion, 2019 - 2032)

• 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

Pulses Market Report Scope