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Global Pulse Ingredients Market 2023 Future Outlook, International Expansion, Growth Rate And Forecast To 2032 | Major Players Are Ingredion Incorporated, AGT Food and Ingredients Inc., Emsland-Starke GmbH, The Scoular Company, Roquette Frères S.A
Pulse Ingredients Market
The Business Research Company's Template Global Market Report 2023 identifies The increasing demand for plant-based and gluten-free products as the major driver for the Pulse Ingredients Market's growth in the forecast period. Plant-based products are finished products composed of plant ingredients, such as fruits, vegetables, whole grains, nuts, seeds, and legumes. Gluten-free food items are free of gluten protein, which is present in grains including wheat, barley, and rye. Due to the COVID-19 outbreak, consumer behaviour has substantially shifted in favour of plant-based food and healthier meals to boost immunity, which helps fight the virus.
The global pulse ingredients market size is expected to grow from $18.89 billion in 2022 to $20.03 billion in 2023 at a compound annual growth rate (CAGR) of 6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pulse ingredients market is expected to grow to $24.46 billion in 2027 at a CAGR of 5.1%
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Major competitors in the Pulse Ingredients Market are Ingredion Incorporated, AGT Food and Ingredients Inc., Emsland-Starke GmbH, The Scoular Company, Roquette Frères S.A., Cosucra Groupe Warcoing S.A., Vestkorn Milling A.S., Dakota Dry Bean Inc., SunOpta Inc., Axiom Foods Inc., DeLaval, GEA Group Aktiengesellschaft, and BouMatic.
A key trend in the Pulse Ingredients Market includes Strategic partnership. Major companies in the market are entering into partnerships and collaborations to expand their market and leverage each other's resources. For instance, in June 2022, Bühler Group, a Switzerland-based plant equipment manufacturer, entered into a partnership with Endeco. The partnership aims to advance pulse processing, satisfy the rising need for substitute protein sources, and provide pulse processing solutions with much lower CO2 emissions. Endeco is a Germany-based company specialising in starch, protein plants, and processing technologies.
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The Pulse Ingredients Market is segmented -
By Type: Pulse Flour, Pulse Starch, Pulse Protein, Pulse Fibers and Grits
By Source: Lentils, Peas, Chickpeas, Beans, Other Sources
By Application: Food and Beverages, Feed, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Pulse Ingredients Market.
The Business Research Company's "Global Pulse Ingredients Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Pulse Ingredients Market Include:
1. Executive Summary
2. Pulse Ingredients Market Characteristics
3. Pulse Ingredients Market Trends And Strategies
4. Pulse Ingredients Market - Macro Economic Scenario
5. Pulse Ingredients Market Size And Growth
……
26. Africa Pulse Ingredients Market
27. Pulse Ingredients Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pulse Ingredients Market
29. Pulse Ingredients Market Future Outlook and Potential Analysis
30. Appendix
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