Global Pulse Ingredients Market - Industry Trends and Forecast to 2030

Global Pulse Ingredients Market, By Function (Emulsification, Texturization, Gelation, Water-Holding, Adhesion, Film Forming, Blending), Type (Pulse Flours, Pulse Starch, Pulse Proteins, Pulse Fibres  Grits), Source (Lentils, Peas, Beans, Chickpeas), Application (Food and Beverages, Feed, Others) - Industry Trends and Forecast to 2030.

Pulse Ingredients Market Analysis and Size

Major factors that are expected to boost the growth of the pulse ingredients market in the forecast period are the increase in the protein profile of pulse flours amplified health awareness amongst the customers. Furthermore, the growing demand for the pulse starch in different food and industrial applications and the rising popularity of protein rich food products are further anticipated to further propel the growth of the pulse ingredients market.

On the other hand, the strict international quality standards and guidelines and the unpleasant taste of the pulses are few of the factors further estimated to impede the growth of the pulse ingredients market in the timeline period. In addition, the rise in the customer preference for vegetarian and vegan diets, the advancing countries showing great potential for pulse ingredients and the increase in the demand for clean-label and gluten-free food products will further offer advantageous opportunities for the growth of the pulse ingredients market in the coming years. However, the instability in the prices of raw materials and the variations in the production of pulses might further challenge the growth of the pulse ingredients market in the near future.

Data Bridge Market Research analyzes that the pulse ingredients market which was USD 31.45 billion in 2022, is likely  to reach USD 52.84 billion by 2030, and is expected to undergo a CAGR of 4.7% during the forecast period of 2023 to 2030.  “Pulse Proteins” dominates the type segment of the pulse ingredients market due to rising plant-based protein demand, health trends, clean label appeal, and versatile functional properties.

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.       

Report Scope and Market Segmentation

Market Definition

Pulses are the seeds of plants that belongs to legume family, which are edible. Pulses grow in the pods that come in various shape, sizes, and colors. Pulses do not comprise of crops which are harvested green. They are rich in protein and soluble fiber and are low in fat. It also assistances to lower the cholesterol and control blood sugar. Growing pulses endorse sustainable agriculture. As pulse crops support in decreasing of greenhouse gases and grow soil health. Pulses need less water than other crops. Dried beans, lentils and peas are most commonly known and are most consumed types of pulses.

Pulse Ingredients Market Dynamics

Drivers

• Rising demand for plant-based proteins

 The increasing consumer shift toward plant-based diets is a major driver for the global pulse ingredients market. Health-conscious consumers seek sustainable and nutritious protein sources. Pulse ingredients, especially pulse proteins, align with this demand, as they offer high-quality, plant-based protein alternatives to traditional animal-based sources.

• Growing clean label and health trends

The trend toward clean label and healthy eating is driving the use of pulse ingredients in various food products. Pulses are perceived as natural and minimally processed, making them appealing to consumers seeking healthier and more transparent food options. The clean label trend bolsters the market's growth as pulse ingredients are free from artificial additives.

• Rising sustainability and environmental concerns

Pulses are often grown sustainably, requiring fewer resources compared to some other crops. As environmental concerns become more prominent, the sustainability of pulse cultivation is a significant driver for the market. In addition, pulses improve soil health, offering long-term benefits to both farmers and the environment.

Restraints

• Supply chain challenges

 The global pulse ingredients market faces supply chain disruptions, which can limit market growth. Variability in pulse crop yields due to weather conditions and transportation difficulties can affect the availability of pulse ingredients and impact pricing.

• Price volatility

The price of pulse ingredients, particularly pulse proteins, can experience fluctuations. This volatility may be driven by factors like crop yields, international trade policies, and currency exchange rates, creating uncertainties for manufacturers and suppliers.

Opportunities

• Expanding application range

 The versatility of pulse ingredients offers an opportunity for diversification in their applications. Expanding into new product categories, such as plant-based meat alternatives, snacks, and beverages, presents a significant growth opportunity. Pulse ingredients can serve as foundational elements in these innovations.

• Emerging markets and regional expansion

 As consumer awareness of plant-based diets and clean label products grows, emerging markets present opportunities for market expansion. Regions with high population growth and increased disposable income, such as Asia and Latin America, provide fertile ground for introducing pulse-based food products.

Challenges

• Taste and texture challenges

While pulse ingredients offer nutritional benefits, there can be taste and texture challenges when used in certain food applications. Overcoming these challenges, particularly in products where sensory attributes are crucial, is a significant hurdle for manufacturers.

• Competitive landscape

The market for plant-based proteins, including pulse ingredients, is becoming increasingly competitive. Manufacturers must navigate the challenge of differentiation and product innovation to stand out in a crowded marketplace. This involves developing unique formulations, flavors, and functional properties to meet consumer expectations and maintain a competitive edge.

This pulse ingredients market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyzes opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the pulse ingredients market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Recent Development

• In September 2021, Ingredion, Inc. has unveiled its latest line of pulse concentrates and flours, known as "Prista." This innovative product range, featuring pea flour and protein concentrates, as well as fava bean protein concentrate, is manufactured using a proprietary deflavoring process. This method effectively eliminates the typical bitter taste and raw plant flavor associated with dry-milled pulse ingredients. Notably, Prista ingredients enable manufacturers to create low microbial level products like instant beverages and ready-to-eat items. Their enhanced flavor profile also allows for higher incorporation levels, providing more plant protein grams in various food applications, from baked goods to snacks. These ingredients are non-GMO, free from common allergens, and are sourced and produced sustainably

Global Pulse Ingredients Market Scope

The pulse ingredients market is segmented on the basis of function, type, source, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Function

• Emulsification
• Texturization
• Gelation
• Water-Holding
• Adhesion
• Film Forming
• Blending

Type

• Pulse Flours
• Pulse Starch
• Pulse Proteins
• Pulse Fibres
• Grits

Source

• Lentils
• Peas
• Beans
• Chickpeas

Application

• Food and Beverages
• Feed
• Others

Pulse Ingredients Market Regional Analysis/Insights

The pulse ingredients market is analysed and market size insights and trends are provided by country, function, type, source, and application are referenced above.

The countries covered in the pulse ingredients market report are U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America in South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and the rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific in Asia-Pacific, and U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and the rest of the Middle East and Africa in Middle East and Africa.

Asia-Pacific is expected to dominate the pulse ingredients market due to the increase in the disposable incomes and trends of urbanization. Furthermore, the increasing of consumers awareness regarding the health. In addition, the augmented influence of western lifestyles amongst the customers, and growth in popularity of convenience foods in this region during the forecast period. Asia-Pacific is expected to witness the fastest growth during the forecast period owing to the higher per capita consumption of baked goods, and the occurrence of key players will further boost the growth of the pulse ingredients market in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Pulse Ingredients Market Share Analysis

The pulse ingredients market competitive landscape provides details by competitors. details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the pulse ingredients market.

Some of the major players operating in the pulse ingredients market are:

• Roquette Frères (France)
• Emsland Group (Germany)
• ADM (Archer Daniels Midland) (U.S.)
• AGT Food and Ingredients (Canada)
• ANCHOR INGREDIENTS (U.S.)
• Diefenbaker Spice & Pulse (Canada)
• COSUCRA (Belgium)
• Vestkorn (Norway)
• Dakota Dry Bean Inc. (U.S.)
• PURIS (U.S.)
• Axiom Materials, Inc. (U.S.)
• Avena Foods, Limited (Canada)
• SunOpta (U.S.)
• Sleaford Quality Foods Ltd (U.K.)
• USA Pulses (U.S.)
• The Scoular Company (U.S.)
• Batory Foods (U.S.)
• Best Cooking Pulses, Inc. (Canada)
• Unigrain (South Africa)