According to a recent research report by MarketsandMarkets, the global pulse ingredients market is anticipated to be valued at USD 20.7 billion in 2022, with a projected growth to USD 25.9 billion by 2027, reflecting a Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period. The comprehensive study delves into various aspects, including market types, sources, applications, and regional trends.

Download PDF Brochure

Pulse ingredients, derived from peas, lentils, and chickpeas without the use of processing aids or chemicals, are fine-powdered materials. These natural food and feed-grade products play a crucial role in enhancing nutritional value without compromising flavor, aroma, or color. The rising demand for protein-rich food products, particularly among diet-conscious consumers and those focused on weight management, has fueled the market for pulse-derived proteins.

The chickpea segment is poised to exhibit the highest CAGR during the forecast period. Chickpeas, recognized for their protein, vitamin, mineral, and dietary fiber content, are a significant source of nutrition. India, the largest global producer of chickpeas, contributes around 70% to the global supply. The increased consumption of chickpeas and their incorporation into various food and beverage applications are key drivers for the segment's growth.

Geographically, Asia is expected to dominate the pulse ingredients market, led by developing countries such as India, China, Australia, New Zealand, and Japan. In 2018, the region accounted for 49% of the global pulse production, with India contributing a substantial 57%. Factors such as population growth, rising disposable income, and growing consumer interest in functional ingredients are anticipated to boost the sales of pulse ingredients in the region.

Make an Inquiry

Key players in the market include ADM (US), Roquette Frères (France), Ingredion (US), The Scoular Company (US), Axiom Foods, Inc. (US), PURIS (US), Emsland Group (Germany), AGT Food and Ingredients (Canada), Batory Foods (US), Vestkron Milling M/S (Norway), and Dakota Ingredients (US).

About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441