About Pulse Ingredients
Pulse ingredients are fine powdered materials produced from the fractions of high-quality lentils & chickpeas and peas, made without the use of chemical compounds or processing aids. They are food and feed-grade products that provide natural solutions to increase the nutritional value of foods without altering flavor, aroma and color properties. They are an important component for food ingredient uses and branded feed products including pet foods as well as aquaculture.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.6% |
The global Pulse Ingredients industry is highly competitive due to the presence of giant players having strong distribution networks worldwide. The manufacturers are focusing on mergers & acquisitions to improve their market share and overall market position. Product launches, research, and expansion of the existing product portfolio are some of the other strategies that should be considered to gain ground in the market during the assessment period. Analyst at AMA Research estimates that United States and Canadian Vendors will contribute the maximum growth to Global Pulse Ingredients market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ingredion (United States), Roquette Frères (France), Emsland Group (Germany), ADM (United States), The Scoular Company (United States), AGT Food and Ingredients (Canada), Anchor Ingredients (United States), Batory Foods (United States), Diefenbaker Spice & Pulse (Canada) and Best Cooking Pulses, Inc. (Canada are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Cosucra Groupe Warconing Sa (Belgium), Vestkorn Milling as (Denmark), Dakota Dry Bean (United States), Puris Foods (United States) and Axiom Foods (United States).
Segmentation Overview
AMA Research has segmented the market of Global Pulse Ingredients market by Type (Pulse Flours, Pulse Starches, Pulse Proteins and Pulse Fibers & Grits), Application (Food & Beverages {Meal & Meal Centers, Snacks, Fruits & Vegetables, Soups, Sauces, and Seasoning, Processed Fish, Meat, and Egg Products, Bakery & Confectionery Products, Others}, Feed and Others) and Region.
On the basis of geography, the market of Pulse Ingredients has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Function, the sub-segment i.e. Emulsification will boost the Pulse Ingredients market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Peas will boost the Pulse Ingredients market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Surging Popularity of Protein-Rich Food Products
Market Growth Drivers:
Increased Health-Consciousness among the Consumers and Rising Demand for Pulse Starch in Various Foods and Industrial Applications
Challenges:
Fluctuations in the Production of Pulses and Volatility in the Prices of Raw Materials
Restraints:
Stringent International Quality Standards & Regulations and Unpleasant Flavor of Pulses May Hinder the Growth of the Market
Opportunities:
Growth in Consumer Preference for Vegetarian and Vegan Diets, Rising Demand for Clean-Label and Gluten-Free Food Products and Emerging Demand from Economies
Market Leaders and their expansionary development strategies
In September 2022, Equinom have reached an agreement to accelerate the development, validation and commercialization of co-branded functional ingredients produced from Equinom ultra-high protein yellow pea varieties. Signaling a major commitment to creating a streamlined and sustainable supply chain for plant-based products for the food industry, the companies will co-create a portfolio of minimally processed plant protein ingredients, optimized from the source crops themselves, to improve the taste, nutrition, accessibility, and carbon footprint of a variety of foods and beverages.
In September 2021, 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
Key Target Audience
Pulse Ingredients Manufacturers, Pulse Ingredients Raw Material Suppliers, Pulse Ingredients Distributors, Regulatory Bodies, Government Bodies, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.