Pulse Ingredients Market Reaching Worth US$ 21.6 Billion by 2023 Overview by Bakery Products, Confectioneries, Snacks, Soups, Sauces and Seasonings Applications

Key players added in Pulse Ingredients market include Ingredion (US), Roquette Frères (France), Emsland Group (Germany), ADM (US), and AGT Food and Ingredients (Canada).

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Major players in this market are focusing on increasing their presence through expansions & investments, mergers & acquisitions, and new product developments.
The pulse flours segment is estimated to account for the largest share in the pulse ingredients market in 2018. Pulse flour is used in a variety of food products in countries such as India and the Middle East as a rich source of protein. Chickpeas flour and pea flours are the most common pulse flours consumed in these countries. Pulse flours are gaining popularity in developed countries such as the US, due to its health benefits and the growing health concerns among consumers in the country.

Report segments pulse ingredients market on basis of source, type, function, application, and region. Based on application, the food & beverages segment is estimated to account for the largest share in the pulse ingredients market in 2018. Pulse ingredients are used in a variety of food products such as bakery products, confectioneries, snacks, soups, sauces, and seasonings.

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Growth of pulse ingredients market is driven by the rising demand for healthy and natural food ingredients in food industry. Popularity of protein-rich food products and increased health-consciousness among consumers are also driving demand for pulse ingredients. Adherence to international quality standards and regulations regarding food ingredients & unpleasant flavors of pulses act as restraints for market’s growth.
The pulse ingredients market is estimated at USD 17.4 billion in 2018 and projected to grow at a CAGR of 4.5%, to reach USD 21.6 billion by 2023. In terms of insights, this report has focused on various levels of analyses—competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the global pulse ingredients high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.

Recent Developments
• In September 2018, Roquette acquired a facility specialized in the extrusion of plant-based proteins from Texpall B.V. (Netherlands). This acquisition helped the company strengthen its presence in the pea protein product offerings; NUTRALYS.
• In December 2018, Emsland Group formed a partnership agreement with IMPAG Group (Poland), for distribution of its pea fibers and other products in Poland. Emsland Group formed a partnership agreement with IMPAG Group (Poland), for distribution of its pea fibers and other products in Poland.
• In July 2016, Ingredion launched four pulse-based ingredients for use in a variety of applications. These included—Vitessence Pulse CT 3602 faba bean protein concentrate, Vitessence Pulse CT 1552 pea protein concentrate, Homecraft Pulse CT 1203 pea flour, and Homecraft Pulse CT 2201 lentil flour.
• In September 2016, ADM acquired pasta maker Caterina Foods (US). The company produces pasta from flour made from peas, corn, lentils, rice, quinoa, and many other grains and legumes.

More Details on “Pulse Ingredients Market by Type (Pulse Flours, Pulse Starch, Pulse Proteins, and Pulse Fibers & Grits), Source (Lentils, Peas, Beans, and Chickpeas), Application (Food & Beverages, Feed, and Others), and Region-Global Forecast to 2023” report at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1990961 .

Peas serve as sources of minerals such as iron, zinc, magnesium, and phosphorus that help in promoting good health. They are also known to help in reducing cholesterol levels and maintaining blood sugar levels, due to their high-fiber content. The region consists of countries such as China and India, which have a billion plus population base. Apart from this, the region consists of Japan, which is projected to be a major revenue pocket for pulse ingredients manufacturers due to a large old age population base.

Asia Pacific region is projected to be the fastest-growing market during the forecast period. The region is backed by a fast-growing population, urbanization, and expansion of the middle-class population with the increasing demand for health-benefiting food products. The region consists of countries such as China and India, which have a billion plus population base. Apart from this, the region consists of Japan, which is projected to be a major revenue pocket for pulse ingredients manufacturers due to a large old age population base.

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