Pulses Ingredients Market Latest Advancements & Market Outlook 2020 to 2027
Market Highlights
Pulses belong to the family of legumes (Fabaceae). Pulses include
different types of dried seeds such as Pisum sativum (peas), Cicer arietinum
(chickpeas), Lens culinaris (lentils), Lupinus spp. (lupins), Vicia faba (fava
beans/broad beans), and Phaseolus vulgaris (common beans: navy beans, kidney
beans, pinto beans, and others). The increasing demand for this staple food is
due to its low glycemic index and high protein content.
The global pulses ingredients
market has been segmented on the basis of type, source, application, and
region.
Based on type, the global pulses ingredients market has been segmented
into pulses flours, pluses starch, pulses proteins, and others. The pulses
flours segment is expected to be the largest during the forecast period. Pulses
flours are high in protein and soluble and insoluble dietary fiber.
Additionally, these flours are gluten-free, which increases their usage in
gluten-free food products. The segment is also expected to be the
fastest-growing due to the growth of end-use industries such as bakery and
confectionery and RTE and RTC foods where pulses flours are widely used.
The global pulses ingredients market has been segregated, by source,
into lentils, peas, beans, chickpeas, and others. The chickpeas segment is
expected to account for the majority share of the global pulses ingredients
market during the review period owing to the low price and easy
availability of chickpeas . The segment is also projected to register a high
CAGR during the forecast period due to the increasing use of chickpeas
ingredients in various food items such as sauces, dressings, and spreads.
The global pulses ingredients market has been divided,
by application, into food & beverage, animal feed, and others. The food
& beverage segment is projected to be the largest during the review period
due to the widespread use of pulses ingredients in bakery and confectionery,
sauces, dressings, and spreads, and RTE and RTC items, and others. Pulses
ingredients have a high protein content and are gluten-free, resulting in their
categorization as superfoods. The animal feed segment is expected to exhibit
the highest CAGR during the forecast period. The significant increase in demand
in the animal feed industry can be attributed to the high nutritional value of
pulses ingredients, which help in improving the digestive health, skin, and
coats of animals.
Regional Analysis
The global pulses ingredients market has been segmented on the basis of
region, into North America, Europe, Asia-Pacific, and the rest of the world.
Asia-Pacific is expected to dominate the global pulses
industry during the review period owing to the large-scale production of
pulses ingredients in the region. India and China are major consumers of pulses
ingredients products as they are gluten-free with a low glycemic index. Thus,
pulses ingredients are used as a substitute for wheat-based or rice-based
ingredients in various food items. The increasing prevalence of gluten
intolerance and celiac disease, especially in China, is expected to drive the
demand for pulses ingredients as a substitute for ingredients with a high
gluten content.
North America is expected to be the fastest-growing regional market due
to the surging production and consumption of pulses in the region.
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Key Players
Some of the key players in the global pulses ingredients market are Ingredion Incorporated (US), Roquette
Frères (France), Emsland Group (Germany), The Scoular Company (US), Archer
Daniels Midland Company (US), SunOpta Inc. (Canada), Diefenbaker Spice
& Pulse (Canada), Axiom Foods Inc. (US), Cosucra Groupe Warcoing SA
(Belgium), and Dakota Dry Bean (US).
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