Global Pulse Ingredients Market Insights Forecasts to 2032

• The Global Pulse Ingredients Market Size was valued at USD 20.8 Billion in 2022.
• The Market is growing at a CAGR of 4.5% from 2022 to 2032
• The Worldwide Pulse Ingredients Market Size is expected to reach USD 32.3 Billion by 2032
• North America is expected to grow the fastest during the forecast period

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The Global Pulse Ingredients Market is projected to exceed USD 32.3 Billion by 2032, growing at a CAGR of 4.5% from 2022 to 2032. The increasing global urbanization population and consumer demand for plant protein, and natural-ingredients-based food are projected to fuel the growing demand for pulse ingredients. Furthermore, the rising demand for pulse ingredients in a variety of industrial applications drives pulse ingredients market growth.

 

Market Overview

The global pulse ingredients market is a rapidly growing industry that encompasses a wide range of pulse-based products used in various food and beverage applications. Pulses are a type of legume that includes beans, lentils, chickpeas, and peas, and they are a rich source of protein, fiber, and other important nutrients.

 

The demand for pulse ingredients is increasing globally due to their nutritional benefits, ease of cultivation, and sustainability compared to other protein sources. The market is driven by the increasing popularity of plant-based diets, rising demand for clean-label and organic food products, and the growing awareness about the health benefits of pulse ingredients. Pulse proteins are rapidly growing in popularity as a substitute for animal-based protein in plant-based food and beverage products.

 

Key players in the global pulse ingredients market include Ingredion, ADM, Cargill, AGT Food and Ingredients, Roquette Frères, Buhler, and Puris. These companies are investing in research and development activities to innovate new pulse-based products and expand their product portfolio to meet the changing consumer preferences.

 

For instance, in April 2023, A Canadian firm created a high protein pulse-based ingredient. Sunnydale Foods is a Saskatchewan-based producer of protein, starch, and fiber from pea and faba beans. The company created a 65% faba bean protein concentrate and is working to increase protein levels to 80%.

 

The global pulse ingredients market is expected to witness significant growth in the coming years due to the increasing demand for plant-based protein sources, rising awareness about the health benefits of pulse ingredients, and the demand for clean-label and organic food products. The market is highly competitive, and key players are investing in research and development activities to innovate new products and stay ahead of the competition.

 

Report Coverage

This research report categorizes the market for the global pulse ingredients market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the pulse ingredients market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the pulse ingredients market.

 

 

Driving Factors

Pulse starch can be used for texturizing, gelling, binding, thickening, coating, and film formation. Because of its versatility, it has been utilized in a variety of food applications, including pasta and noodles, confectionery, bakery, soups and sauces, and meat and poultry. It is also used as a binding agent in the production of vermicelli. Pulse starch is also a viable replacement for other starches in food and beverage applications due to its low cost and versatility. It is used in the pharmaceutical and cosmetic industries for its gelling, thickening, and texturizing characteristics. Pulse starch is a beneficial gel-forming agent, it is used as an alternative to gelatin in the manufacture of capsules. With the pharmaceutical industry's rapid growth and changing trends, demand for pulse starch is projected to continue to grow.

 

Ethanol is produced using pea starch. Corn is a key raw material in the manufacturing of ethanol. The rapid expansion of the corn ethanol sector has contributed to a significant increase in corn and ethanol prices, causing producers to shift away from corn and towards inexpensive substitutes such as pea starch, which in turn propel the demand for the latter. The production of ethanol from pea starch increases fermentation rates, allowing ethanol producers to increase annual production capacity while decreasing capital costs by increasing the number of fermentations per year.

 

Restraining Factors

Despite the fact that pulse ingredients are becoming increasingly important in the food industry, there remains a strong need to modify their flavor. Chickpea flour has a strong flavor and can be avoided when making delicate dishes like sugar cookies or biscotti. Pea flour, on the other hand, does not impart flavor to baked goods. Off-flavor in pulses is both inherent and developed throughout harvesting, processing, and preservation. The off-flavor in certain kinds of pulse ingredients is caused by compounds such as alcohols, aldehydes, ketones, acids, and sulphur derivatives. Consumer perception of the bitter taste of pulses is projected to hinder the expansion of the pulse ingredient market.

 

Market Segmentation

 

The Global Pulse Ingredients Market share is classified into type, source, and application.

• The pulse proteins segment is expected to grow at the fastest pace in the global pulse ingredients market over the forecast period.

On the basis of the type, the global pulse ingredients market is segmented into pulse starch, pulse flour, pulse proteins, and pulse fibers & grits. Among these, the pulse proteins segment is expected to grow at the fastest pace in the global pulse ingredients market over the forecast period. The growth can be attributed due the growing populations and shifting socio-demographics that have increased demand for pulse protein, which is increasingly being incorporated into a variety of food and beverage products.

 

• The chickpeas segment is expected to hold the largest share of the global pulse ingredients market during the forecast period.

On the basis of the source, the global pulse ingredients market is segmented into peas, lentils, beans, and chickpeas. Among these, the chickpeas segment is expected to hold the largest share of the global pulse ingredients market during the forecast period. The growth can be attributed due to the increasing usage of plant-based meals in Europe and Asia Pacific is driving demand for chickpeas. Increasing obesity, blood sugar levels, several health concerns, and a consumer move towards a healthier diet are all predicted to drive product demand. Furthermore, chickpeas have numerous health benefits, including improved weight management, digestion, and muscle strength, all of which contribute to the industry's expansion.

 

• The food & beverages segment is expected to grow at the fastest pace in the global pulse ingredients market during the forecast period. 

The global pulse ingredients market is divided into three applications: food & beverages, feed, and others. Among these, the food & beverages segment is expected to grow at the fastest pace in the global pulse ingredients market during the forecast period. The reason behind the growth of the food & beverages segment is, due to increasing consumer consciousness of the health benefits of including pulse ingredients in their daily meals. The increasing consumer demand for delicious, nutritious food has offered a lucrative opportunity for the food and beverage sector to transform raw food into a consumer-centric food item that fulfills their needs. Furthermore, due to their free of gluten, cholesterol-free, and low-fat characteristics, pulse-based beverages are growing in popularity. They are high in protein and fiber, which is expected to drive market growth.

 

Regional Segment Analysis of the Pulse Ingredients Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Asia Pacific is estimated to hold the largest share of the pulse ingredients market over the predicted timeframe.

 

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Asia Pacific is anticipated to hold the largest share of the pulse ingredients market during the forecast period. The Asia Pacific region is the largest region for the pulse ingredients market, due to increasing health-conscious consumers and increasing demand for pulse ingredients in the food and beverage sector. The fact that India is the largest producer and China is second in terms of imports of pulses contributes to the market's expansion. The availability of raw materials, as well as the high production ratio, raise market demand in these countries.

  

North America is expected to grow at the highest pace in the global pulse ingredients market during the forecast period. Due to the high consumption of bread in developing countries, producers are concentrating on producing bread with pulse components, which enhances market expansion. Furthermore, rising urbanization and consumer preference for meat and dairy alternatives are projected to drive market expansion in the region.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global pulse ingredients along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• Ingredion  
• Maskinfabrikken Cormall A/S
• Roquette Freres  
• The Scoular Company  
• Dakota Ingredients  
• Puris
• HETWIN Automation System GmbH
• ADM  
• BouMatic
• Emsland Group  
• AGT Food & Ingredients  
• Anchor Ingredients  
• Batory Foods  
• Vestkorn Milling As  
• Axiom Foods  

• Others

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In February 2022, Ingredion made investments in InnovoPro to offer clean-label, sustainable special chickpea protein in order to broaden the consumer base by investing in chickpea solutions.

 

• In March 2023, Ingredion announced strategic investments in order to expand into high-value pharmaceutical ingredients.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Pulse Ingredients Market based on the below-mentioned segments:

Global Pulse Ingredients Market, By Type

• Pulse Starch
• Pulse Flour
• Pulse Proteins
• Pulse Fibers & Grits

 

Global Pulse Ingredients Market, By Source

• Peas
• Lentils
• Beans
• Chickpeas

 

Global Pulse Ingredients Market, By Application

• Food & Beverages
• Feed
• Others

 

Global Pulse Ingredients Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa