#United Kingdom Nature Pea Starch Market

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Pulse Ingredients Market - Forecast (2022 - 2027)

Pulse Ingredients market size is forecast to reach $24.3 billion by 2026, growing at a CAGR of 4.0% during the forecast period 2021-2026. Pulses are the edible seeds of plants that belong to the legume family. Pulses develop in pods that vary in form, scale, and color. They are high in protein and soluble fibre, as well as being low in fat. It also helps in the reduction of cholesterol and the regulation of blood sugar levels. Pulse ingredients are rich in vitamin and minerals such as zinc, iron and magnesium which gives health benefits. Pulse ingredients are sourced from lentils, chickpeas, and peas. Pulse ingredients are used in various food products such as soups, sauces, bakery products, meals, snacks and confectionery products. It is available in different types such as flour, protein and fiber. Increasing demand for plant based and gluten free products coupled with growing adoption of protein rich food products are the major factors driving the growth of the market. Increasing disposable income coupled with changing lifestyle of the people is set to further enhance the overall market development of the Pulse Ingredients Market for the period 2021-2026.

Pulse Ingredients Market Report Coverage

The report: “Pulse Ingredients Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Pulse Ingredients Market.

By Type:Pulse Flour, Pulse Protein, Pulse Fiber, Pulse Starch.

By Source: Peas, Chickpeas, Lentils, Beans, Others.

By Application: Food & Beverages, Feed, Others.

By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (Middle East, and Africa).

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Key Takeaways

Asia-Pacific dominated the Pulse Ingredients Market in 2020 owing to income of people is rising, and there is an increased need for convenience food items. The Pulse Ingredients Market scope for different regions will be provided in the final report.

Increasing awareness about protein rich food products are likely to aid the market growth of the Pulse Ingredients Market report.

Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Pulse Ingredients Market report.

The factor that restrict the growth Pulse Ingredients Market is high price of pulse ingredients.

Pulse Ingredients Market Segment Analysis – By Source

Chickpeas held the largest share in the Pulse Ingredients Market in 2020 and is estimated to grow at a CAGR 4.4% during the forecast period 2021-2026. Peas contain minerals such as iron, zinc, magnesium, and phosphorus, which help in the promotion of good health. Because of their high fiber content, they are also considered to help in the reduction of cholesterol and the maintenance of blood sugar levels. Pea-derived foods, such as pea starches, pea proteins, and pea flours, are used as primary ingredients in a variety of items, including baked goods, sauces, soups and other food products. Chickpeas are estimated to register the higher CAGR over the period 2021-2026.

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Pulse Ingredients Market Segment Analysis – By Application

Food & Beverages held the largest share in the Pulse Ingredients Market in 2020 and is estimated to grow at a CAGR 4.9% during the forecast period 2021-2026. Pulse ingredients are commonly used in food products dairy products, confectionary products and others. The food and beverage industry is expanding in Asia region owing to consumers' growing demand for food items with health benefits and their adaptation to an urbanized lifestyle. Food & Beverages are estimated to register the higher CAGR over the period 2021-2026.

Pulse Ingredients Market Drivers

Increasing Demand for Natural Ingredient

Increasing demand for natural ingredient and clean label food products is increasing the growth of the Pulse Ingredients Market. Pulse ingredients are highly rich in vitamins and minerals, hence consumers are shifting towards natural and organic ingredients in their diet. Furthermore, there is an increasing need for gluten-free natural ingredients as people become more health-conscious. As a result, the Pulse Ingredients Market will expand during the forecast period 2021-2026.

Growing Preference of Consumers Towards Protein Rich Food Products 

Increasing consumer preference towards protein rich food products is increasing the growth of the Pulse Ingredients Market. Growing demand for pulse derived ingredients such as pea flour, pea starch, Pea protein owing to health benefits offered by this ingredients as it contain high amount of protein content. Thus, increasing the growth of the Pulse Ingredients Market during the forecast period 2021-2026.

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Pulse Ingredients Market Challenges

High Cost of Pulse Ingredients

Some of the factors that are set to impede the growth of the Pulse Ingredients Market are high cost of natural derived pulse ingredients and limited availability. Rising demand for organic food products and lack of compensation is also set to hinder the growth of the market.

Pulse Ingredients Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Pulse Ingredients Market. In 2020, the Pulse Ingredients Market share is consolidated by the top ten players present in the market. The Pulse Ingredients Market, top 10 companies are ADM, Ingredion, Roquette Frères, Emsland Group, AGT Food, Ingredients, Bunge Ltd., Diefenbaker Spice & Pulse., COSUCRA., and Vestkorn.