The pulses ingredients market is expected to be worth USD 26.8 billion by 2030, with a CAGR of 4.4% from 2023 to 2032.
Pulse starch can be used for various purposes, including thickening, gelling, binding, texturizing, coating, and film formation. Because of its versatility, it has been used in a wide range of food applications, including soups and sauces, bakery, pasta and noodles, confectionery, and meat and poultry. It's also used as a binding agent in the production of vermicelli. Pulse starch is also a potential replacement for other starches in food and beverage applications because it is a cost-effective option with a wide range of functions. It's used in the pharmaceutical and cosmetic industries for its thickening, gelling, and texturizing properties. pulse starch is a good gelling agent, it is used as an alternative to gelatin manufacturing capsules. The pharmaceutical industry's rapid growth and changing trends are expected to drive up demand for the pulses ingredients market.
Pulses ingredients market insight, a versatile category of edible seeds that includes beans, lentils, chickpeas, and peas, offer a fascinating insight into the world of nutrition and sustainability. These unassuming ingredients are nutritional powerhouses, rich in protein, fiber, vitamins, and minerals, making them an excellent choice for plant-based diets. Beyond their nutritional value, pulses also play a pivotal role in sustainable agriculture, as they have a low environmental footprint, requiring less water and fertilizer compared to many other crops. Furthermore, they enrich the soil by fixing nitrogen, promoting healthier ecosystems. Understanding the multifaceted benefits of pulses not only enhances our culinary repertoire but also underscores their crucial role in addressing global challenges like food security and climate change.
With the increasing demand for low-calorie and gluten-free food products, market players focus on RD to launch new and innovative products containing pulses ingredients. Furthermore, these businesses are working to make such products more accessible and visible to customers worldwide, emphasizing their antioxidant properties and high potassium levels. Furthermore, pulses contain high levels of calcium and magnesium, aiding bone health and weight management. These factors are expected to drive the global pulses ingredients market during the forecast period.
Market segmentation:
The global pulses ingredients market is segmented based on source, type and application.
According to the source:
Peas
Lentils
Chickpeas
Beans
Others
According to the type:
Pulses Proteins
Pulses Starch
Pulses Flours
Others
According to the application:
Animal Feed
Food Beverage
RTE and RTC Foods
Sauces, Dressings, and Spreads
Bakery and Confectionery
Others
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Recent developments:
DSM will buy Vestkorn Milling, one of the largest producers of pea and bean-derived ingredients for plant-based protein products, in November 2021. This strategic move aimed to expand the company's product portfolio and expertise while expanding its global reach.
In October 2021, Roquette Frères will open its largest pea protein facility in Portage la Prairie, Manitoba. It will help Roquette become a world leader in plant protein. This facility joins others that produce pea protein in France and the Netherlands
Key Players are:
Ingredion Incorporated (US), Roquette Frères (France), Emsland Group (Germany), The Scoular Company (US), Archer Daniels Midland Company (US), SunOpta Inc. (Canada), Diefenbaker Spice Pulses (Canada)
Regional analysis:
The global pulses ingredients market outlook is divided into North America, Asia-Pacific, Europe, and the rest of the world.
Due to the presence of pulses ingredient producers and rising awareness about the health benefits of using pulses ingredients in the region, Asia-Pacific is expected to dominate the global pulses ingredients market during the forecast period. Pulse ingredients provide several health benefits compared to other grains, including improved bone and heart health and blood sugar control.
The growing use of pulse ingredients in European animal feed products is expected to result in a significant regional market share in the coming years. However, the North American market is expected to grow fastest during the forecast period. However, the North American market is expected to grow fastest during the review period due to consumers' preference for pulse ingredients for their nutritional value.
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