Dublin, Aug. 30, 2022 (GLOBE NEWSWIRE) -- The "Global Pulse Ingredients Market by Type (Pulse Flour, Pulse Starch, Pulse Proteins, Pulse Fibers & Grits), Source (Lentils, Peas, Beans, Chickpeas), Application (Food & Beverages, Feed) and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global pulse ingredients market is estimated to be valued at USD 20.7 billion in 2022. It is projected to reach USD 25.9 billion by 2027, recording a CAGR of 4.6% during the forecast period. The market for pulse ingredients has a positive outlook at a global level due to the rising demand for pulse ingredients due to their associated health benefits. The market is estimated to grow significantly over the next five years. North America and Asia contributed to a significant share of the overall pulse ingredients market. Asia-Pacific is the fastest-growing market, among all the regions.
The pulse ingredients market, based on source, is estimated to be dominated by the pea segment during the forecast period
Peas serve as a source of minerals such as iron, zinc, magnesium, and phosphorus that aid in promoting good health. Since fresh peas are seasonal, dried peas are used in several food processing applications as they are available throughout the year. Pea-derived ingredients such as pea starches, pea proteins, and pea flours are being used as the main ingredients in a growing number of products such as bakery products, confectionery products, snacks, soups & sauces, pasta & noodles, and dairy products. The usage of pea starch has rapidly evolved in the past years, which has contributed significantly to the food & beverage, pet food, textile, and pharmaceutical industrial applications. Emsland Group (Germany) is one of the leading players offering pea starch, pea protein, and pea fiber with application in food products such as meat, poultry, fish & seafood, and snacks.
The pulse ingredients market, based on type, is projected to be dominated by the flour segment
Pulses are the nitrogen-fixing crops that reduce the need for chemical fertilization and improve environmental sustainability. Pulse flour is produced from the hull of pulses, such as chickpeas, peas, beans, and lentils. These flours provide nutritional benefits such as protein fortification, dietary fiber enrichment, and low-calorie formulation as well as yield improvement in various food products. Players like Blue Ribbon Group, Anchor Ingredients etc. are offering a range of pulse flour including peas flour, lentils flour, chickpeas flour, beans flours etc. to the market consumer.
North America to account for the second largest share during the forecast period
Growth in the population of health-conscious consumers has fueled the demand for food products that have a high content of protein and fiber. This has compelled manufacturers to incorporate ingredients made of pulses in order to cater to the consumers' requirements. As consumers seek healthier alternatives to everyday foods, more and more snacks are being reformulated to contain pulse ingredients. In fact, 7% of all snack food launches in North America in 2020 contained pulses including peas, lentils, chickpeas and beans. Pulses are gluten-free, nutrient-dense, plant-based ingredients that contribute to an improved sustainability profile in snack foods and extruded products. For example, breakfast cereal reformulated to include 15% Canadian pea flour or Canadian lentil flour had improved Nutrient Balance Scores and greenhouse gas emissions.
Market Dynamics
Drivers
- High Protein Profile of Pulse Ingredients Increases Popularity as Healthy Option
- Increased Health-Consciousness Among Consumers Drives Market Growth
- Pulse Ingredients Increasingly Used in Food & Beverage Applications
- Growing Popularity of Protein-Rich Food Products
- Increase in Consumer Appetite for Vegan Diets
- Allergen-Free Nature of Pulses
Restraints
- Stringent International Quality Standards and Regulations
- Unpleasant Flavor of Pulses
Opportunities
- Rise in Lactose Intolerance Increased Pulse Ingredients Usage as Dairy Alternatives
- Role of Pulse Ingredients in Feed Industry
- Rising Demand for Sustainable, Clean-Label, and Gluten-Free Food Products
Challenges
- Volatility in Raw Material Price
- Fluctuations in Pulse Production
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Pulse Ingredients Market, by Type
8 Pulse Ingredients Market, by Source
9 Pulse Ingredients Market, by Application
10 Pulse Ingredients Market, by Region
11 Competitive Landscape
12 Company Profiles
13 Appendix
Companies Mentioned
- ADM
- Agridient B.V.
- AGT Food and Ingredients
- AM Nutrition
- American Key Food Products
- Aminola
- Avena Foods Limited
- Axiom Foods, Inc.
- Batory Foods
- Cargill, Incorporated
- ChickP
- Cosucra
- Dakota Ingredients
- Diefenbaker Spice & Pulse
- Ebro Ingredients
- Emsland Group
- Herba Ingredients B.V.
- Ingredion
- Nutri-Pea
- PURIS
- Roquette Freres
- Shandong Hua-Thai Food Company
- Sinofi Ingredients
- The Scoular Company
- Vestkorn Milling AS
For more information about this report visit https://www.researchandmarkets.com/r/4yhz77
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