Pulse Ingredients Market Is Expected To Grow At A CAGR Of 4.5% By 2032 |FMI

Newly released data from pulse ingredient market analysis by Future Market Insights shows that the global market size is estimated to be USD 27 Billion by 2032. It is growing at a CAGR of 4.5% for the forecasted year 2022-2032. The current market size is valued at USD 19 Billion estimated for 2021.

Because of the rising demand for natural ingredients and clean-labeled food products, the Pulse Ingredients Market is expanding. Consumers are shifting their diets to include more natural and organic ingredients because pulse ingredients are high in vitamins and minerals.

Moreover, as people become more health-conscious, the demand for gluten-free natural ingredients is increasing. As a result, the Pulse Ingredients Market is expected to expand between 2022 and 2032.

The growing consumer preference for protein-rich foods, such as pulse ingredient protein, is driving the Pulse Ingredient Market forward. Because of the health benefits provided by these ingredients' high protein content, there is a growing demand for pulse-derived ingredients such as pea protein, pea flour, and pea starch. As a result, the Pulse Ingredients Market is expected to expand between 2022 and 2032.

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Key Takeaways from Market Study

India's economy is still in its early stages. The country has an abundance of raw material for pulse ingredients, which is primarily used by pulse ingredient manufacturers.

For the forecast period of 2022-2032, the pulse ingredient market in Japan is expected to grow at a CAGR of 3%.

Australia is the third-largest producer and exporter of faba bean, a pulse ingredient. Aside from that, the country is the seventh largest producer and exporter of field peas.

The United States of America is a developing market for pulse ingredients, with the largest share expected during the forecast years.

China is regarded as a major contributor to total pulse production. It is expected to reach a market size of USD 5.2 billion by 2032, with a CAGR of 7.1% from 2022 to 2032.

"The increasing demand for plant-based and gluten-free products, as well as the growing acceptance of protein-rich food products, are the primary factors driving market growth. Increasing disposable income, combined with a shift in people's lifestyles, is expected to drive the overall market development of the Pulse Ingredients Market between 2022 and 2032," says a Future Market Insights analyst.

Competitive Landscape

As a result of current trends, some key market players are focusing on various expansion strategies in order to sustain future growth. Product innovation, acquisition, collaboration, and expansion will remain popular strategies for market participants looking for a competitive advantage.

Among the prominent players and regional players in the global pulse ingredients market are Ingredion Incorporated, Roquette Frères S.A., Emsland-Starke GmbH, The Scoular Company, AGT Food and Ingredients Inc., Cosucra Groupe Warcoing S.A., Vestkorn Milling A.S., and Dakota Dry Bean, Inc.

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Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global pulse ingredient market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Form :

Hard
Soft

Type :

Spreadable
All-Purpose
Butter Blend

Application :

Bakery
Confectionery
Sauces
Dairy and Ice-cream
Spreads & Toppings
Others (Ready to Eat Meals, Baby Food, and Snacks)

Region :

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

Frequently Asked Questions

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.