Pulse Ingredients Market Strategies, Top Players, Growth Opportunities, Analysis, and Forecast by 2031

The pulse ingredients market is expected to register a CAGR of 4% during 2023–2031. Growing popularity of plant-based diets, pulse ingredients are increasingly used as protein sources in meat alternatives, dairy substitutes, and other plant-based products is likely to remain a key trend in the market.

Pulse Ingredients Market Analysis

• Awareness of the health benefits of pulse ingredients is a key market driver: pulses are an excellent source of protein, with fiber, vitamins, and minerals accounting for the rest. Growing consumer interest in healthy food combined with demographic changes means that pulse ingredients can help fulfill the demand for healthier, more nutritious options. Many consumers are looking to eat less meat but still rely on high-quality protein in their diet, and pulse ingredients are an excellent, plant-based alternative.
• When combined with the fact that pulse-based ingredients are so versatile (food manufacturers are using ingredients derived from pulses in everything from baked goods and snacks to plant-based meat alternatives and dairy substitutes), consumers have more options than ever when it comes to buying products made from these underutilized crops.
• Sustainability considerations are also fuelling the pulse ingredients trend. Pulse grains have a lower environmental footprint than many other crops because they require fewer water and fertilizer inputs. A growing focus on sustainable food production among consumers and companies positions pulse ingredients well for this trend.

Pulse Ingredients Market Overview

• The global pulse ingredients market is seeing growing popularity across consumers and manufacturers this year, attributed to the overall shift to plant-based diets and sustainable food sources across the globe. Pulses include lentils, chickpeas, dry beans and peas – which are nutritious and versatile in food applications.
• The increased consumer awareness of the health benefits of pulse consumption is one of the major factors fuelling the growth in the pulse ingredients market. Packed with protein, fiber, vitamins, and minerals, pulses are in high demand from consumers looking to adopt a healthier diet. This is especially true of millennial and Gen Z consumers, who are typically more inclined to opt for plant-based eating patterns compared with other demographics.
• Pulse ingredients are innovating for this niche by showing up in snacks and baked goods as well as in meat replacements and food imitations of dairy products like vegan cheeses and butter. Pulse ingredients are entering food formulations far and wide, not only for their nutritional value but also thanks to the functional properties of pulse ingredients, including their functionality to improve texture and increase water retention and binding, and their natural coloring of foods.

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Pulse Ingredients Market: Strategic Insights

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Pulse Ingredients Market Drivers and Opportunities

Rising Consumer Inclination Toward Nutritious Food Products Drives Pulse Ingredients Market

• Consumers are becoming more aware of the impact of food on health and are, therefore, looking for foods with better nutritional profiles. Pulses are an excellent source of protein and fiber and contain vitamins and minerals in plentiful amounts. They provide a plant-based protein for those who wish to reduce their consumption of meat, as well as those who follow vegetarian and vegan diets. The recent dietary shift is pushing food processors to formulate foods utilizing pulse ingredients into nearly every type of food product.
• Demand also rests on the growing awareness of how diet impacts chronic diseases – pulse ingredients have been linked to decreased risk of heart disease, assisting with weight management, and helping to level out blood sugar due to the slow digestion of carbohydrates. Tapping this growing consumer awareness and desire to access the health benefits of pulse ingredients can also keep demand alive as consumers learn more about the health benefits of such ingredients and seek out items with pulse ingredients listed on their labels.
• Clean label and nutritional labeling trends are also driving demand for pulse ingredients. Today, consumers care deeply about the ingredients in the packet and the nutrition facts tucked away at the back. Pulse ingredients' natural, nutrition-rich nature allows manufacturers to increase the nutrition content of their products while maintaining a clean label (free from artificial ingredients and heavy processing) at the same time. Artificial additives are viewed with suspicion by the increasingly health conscience consumer.

Rising Number of Vegan and Vegeterian Population

• The number of vegetarians and vegans is increasing globally and providing substantial growth prospects for the market. Pulse ingredients comprise a major part of the diet for vegetarian and vegan populations. This can lead to increased demand in the future.
• Increased preference for specialized diets among the rising health-conscious population is a key driver for the market for pulse ingredients. People are more aware of the adverse effects of the typical Western diet, such as high blood pressure, high cholesterol, and diabetes, and are consequently moving towards healthier food options.
• The versatility of pulse ingredients is especially helpful in supplying vegetarians and vegans with foods that recreate traditional animal-based products. Pulse flours, proteins, and starches are used to create the appearance, flavor, and texture that people expect from their favorite foods; many foods made from these flour ingredients allow consumers to eat and enjoy what they always have, avoiding even the slightest sense of sacrifice. The result has been the explosion in plant-based products offering creative plant-based foods with surprising similarities to our traditional favorites, and many of these foods rely on pulse ingredients.

Pulse Ingredients Market Report Segmentation Analysis

Key segments that contributed to the derivation of the pulse ingredients market analysis are type, source, and application.

• Based on type, the market is segmented into pulse flour, pulse starch, pulse protein, and others.
• In terms of source, the market is bifurcated into peas, beans, chickpeas, and lentils.
• On the basis of application, the market is segmented into food and beverages (bakery and confectionery, meat alternatives, snacks, beverages, and others), animal feed, and others.

Pulse Ingredients Market Share Analysis by Geography

• Pulse Ingredients Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
• Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering pulse ingredients market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
• Also, the report covers Porter's analysis, which involves the study of major factors that influence the pulse ingredients market in these regions.

Pulse Ingredients Market Regional Insights

The regional trends and factors influencing the Pulse Ingredients Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Pulse Ingredients Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Pulse Ingredients Market Report Scope

Pulse Ingredients Market Players Density: Understanding Its Impact on Business Dynamics

The Pulse Ingredients Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Pulse Ingredients Market are:

1. AGT Food and Ingredients Inc.
2. Ingredion Incorporated
3. Roquette Frères
4. The Scoular Company
5. Archer Daniels Midland Company (ADM)
6. Axiom Foods, Inc.

Disclaimer: The companies listed above are not ranked in any particular order.

Pulse Ingredients Market News and Recent Development

The pulse ingredients market is evaluated by gathering the qualitative and quantitative data post primary and secondary research, which include important corporate publication, association data, and database. The few developments in the pulse ingredients market are listed below:

• Ingredion Incorporated, a leading global provider of ingredient solutions to diversified industries, today announced a revolutionary new line of ultra-performance pulse-based ingredient solutions with pristine taste, nutrition and functionally to help manufacturers deliver on increasing consumer demand for delicious plant protein-rich food in the U.S. and Canada, with other regions to follow. The first of many innovations in the new Prista line, HOMECRAFT® Prista P 101 pea flour, VITESSENCE® Prista P 155 pea protein concentrate and VITESSENCE® Prista P 360 faba bean protein concentrate facilitate the inclusion of plant protein into more applications, including instant and ready- to-eat (RTE) products to help brands heighten consumer appeal. (Ingredion Incorporated, News, September 2021)
• BENEO, one of the leading manufacturers of functional ingredients, has announced a €50 million investment in a new pulse processing site in Offstein, Germany. The site will produce protein rich pulse ingredients for food and animal feed. It will focus initially on protein concentrate, starch-rich flour and hulls from faba bean, with the option to process other pulses in the future. The new production site further strengthens the company's plant-based protein portfolio and enables BENEO to meet growing demand for plant-based food and feed ingredients. (BENEO, News, April 2022)

Pulse Ingredients Market Report Coverage and Deliverables

The " Pulse Ingredients Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

• Pulse ingredients market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Pulse ingredients market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter's Five Forces and SWOT analysis
• Pulse ingredients market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the pulse ingredients market
• Detailed company profiles