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The industry size of the pulse ingredient in Korea is estimated to be US$ 574.74 million in 2023. The industry is estimated to surpass US$ 1,202.02 million by 2033. The demand for pulse ingredient in Korea is projected to inflate at a 7.7% CAGR through 2033, driven by the rise in consumer awareness of health and wellness.
Pulse Ingredient Industry in Korea: Size, Analysis, and Insights
Attributes | Details |
---|---|
Industry Value of Pulse Ingredient in Korea in 2023 | US$ 574.74 million |
Projected Industry Value of Pulse Ingredient in Korea by 2033 | US$ 1,202.02 million |
Value-based CAGR of the Industry for 2023 to 2033 | 7.7% |
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Apart from the pulse ingredient industry in Korea, our analyst has compiled reports on two additional related industries. Similarly, these two industries are also centered on pulse ingredients. Specifically, the named industries are the pulse ingredient industry in Western Europe and the pulse ingredient industry in Japan.
Pulse Ingredient Industry Korea:
Attributes | Pulse Ingredients Industry Korea |
---|---|
Value-based CAGR (2023 to 2033) | 7.7% |
Industry Trends | expanding consumer awareness of the health advantages and sustainability of pulses |
Growth Factors | increased customer preference for food for protein-rich foods |
Pulse Ingredients Industry Western Europe:
Attributes | Pulse Ingredients Industry Western Europe |
---|---|
Value-based CAGR (2023 to 2033) | 5.4% |
Industry Trends | Increased health concerns and a preference for products with clean labels |
Growth Factors | Individuals' health consciousness is growing across the region |
Pulse Ingredients Industry Japan:
Attributes | Pulse Ingredients Industry Japan |
---|---|
Value-based CAGR (2023 to 2033) | 6.6% |
Industry Trends | Increased need for the dietary supplement |
Growth Factors | Increasing aging population in the country |
The pulse ingredients industry report in Korea is divided into two sections: product type and pulses type. As far as the product type is concerned, the flour segment rules the roost. On the other hand, depending on pulse type, peas are the holding the green flag by dominating the industry.
The flour segment is expected to capture an industry share of 52.3% in 2023. This dominance is attributed to the presence of numerous proteins, iron, and fibers in pulse flour, making it in high demand. Pulse flour can be used in a variety of recipes, including cookies, pasta, and puddings.
As consumers increasingly seek vegan and plant-based protein sources, the demand for pulse flour is expected to rise. Pulses in the form of flour are highly versatile, making them suitable for incorporation into multiple plant-based dishes.
Attributes | Details |
---|---|
Product Type | Flour |
Industry Share in 2023 | 52.3% |
The peas segment is expected to hold an industry share of 51.1% in 2023 due to the increased use in various food products in the country. Moreover, the growing incorporation of pea protein in wellness supplements and healthy food products also contributes to the growth of this segment in the country.
Attributes | Details |
---|---|
Pulses Type | Peas |
Industry Share in 2023 | 51.1% |
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The rising consumer preference for vegetarian and vegan diets is projected to boost growth in the pulse ingredient industry in the coming years. The increasing demand for gluten-free and clean-label food items is anticipated to offer opportunities for industry participants to capitalize on unfulfilled potential. As a result of current developments, several leading industry players are focusing on various expansion tactics to sustain future growth. Product innovation, acquisitions, collaborations, and expansions are likely to remain popular methods for industry participants looking to gain a competitive advantage.
Recent Developments in the Pulse Ingredient Industry in Korea
Adroit Food Ingredient Co., Ltd.:
Adroit Food Ingredient Co., Ltd. is a rapidly expanding company specializing in manufacturing high-quality pulse ingredients. Adroit has established itself as a key player in the food industry through a commitment to excellence. The company enjoys providing innovative and nutritious pulse-based solutions to meet customers' demands.
Ajinomoto Co., Inc.:
The pulse ingredient production industry at Ajinomoto is based on its patented fermentation process. The company employs this method to develop a range of pulse components, including L-glutamate, the key component of umami. Pulses from Ajinomoto are used in a wide range of food products, including soups, sauces, snacks, and ready-to-eat meals.
Attribute | Details |
---|---|
Estimated Industry Size in 2023 | US$ 574.74 million |
Projected Industry Size by 2033 | US$ 1,202.02 million |
Anticipated CAGR between 2023 to 2033 | 7.7% CAGR |
Historical Analysis of Demand for Pulse Ingredient Industry in Korea | 2018 to 2022 |
Demand Forecast for Pulse Ingredient Industry in Korea | 2023 to 2033 |
Report Coverage | Industry Size, Industry Trends, Key Insights for Pulse Ingredient Industry in Korea, Insights on Global Players and Leading Industry Strategy in Korea, Ecosystem Analysis of Local and Regional. |
Key Companies Profiled |
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In 2023, the size of the pulse ingredient in Korea is estimated to be US$ 574.74 million.
Increased use of pulse ingredient in the food industry and healthy meals in the country is one of the key trends in Korea.
The demand for pulse Ingredient in Korea is expected to progress at a healthy CAGR of 7.7% from 2023 to 2033.
By 2033, the size of the pulse ingredient Industry in Korea is forecasted to reach US$ 1,202.02 million.
Nippon Starch (Nihon Denpun Co., Ltd.), Kyowa Hakko Bio Co., Ltd., Mitsubishi Chemical Corporation, Matsutani Chemical Industry Co., Ltd., Sun Chemical Corporation, Hayashibara Co., Ltd.are some of the prominent players in the pulse ingredient Industry in Korea.
1. Executive Summary 1.1. Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Form 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Form, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Form, 2023 to 2033 5.3.1. Hard 5.3.2. Soft 5.4. Y-o-Y Growth Trend Analysis By Form, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Form, 2023 to 2033 6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Type , 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Type , 2023 to 2033 6.3.1. Spreadable 6.3.2. All-Purpose 6.3.3. Butter Blend 6.4. Y-o-Y Growth Trend Analysis By Type , 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Type , 2023 to 2033 7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2023 to 2033 7.3.1. Bakery 7.3.2. Confectionery 7.3.3. Sauces 7.3.4. Dairy and Ice-Cream 7.3.5. Spreads & Toppings 7.3.6. Others (Ready to Eat Meals, Baby Food, and Snacks) 7.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033 8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022 8.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033 8.3.1. South Gyeongsang 8.3.2. North Jeolla 8.3.3. South Jeolla 8.3.4. Jeju 8.3.5. Rest of Korea 8.4. Market Attractiveness Analysis By Region 9. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Form 9.2.2. By Type 9.2.3. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Form 9.3.2. By Type 9.3.3. By Application 9.4. Key Takeaways 10. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Form 10.2.2. By Type 10.2.3. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Form 10.3.2. By Type 10.3.3. By Application 10.4. Key Takeaways 11. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Form 11.2.2. By Type 11.2.3. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Form 11.3.2. By Type 11.3.3. By Application 11.4. Key Takeaways 12. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Form 12.2.2. By Type 12.2.3. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Form 12.3.2. By Type 12.3.3. By Application 12.4. Key Takeaways 13. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Form 13.2.2. By Type 13.2.3. By Application 13.3. Market Attractiveness Analysis 13.3.1. By Form 13.3.2. By Type 13.3.3. By Application 13.4. Key Takeaways 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Form 14.3.3. By Type 14.3.4. By Application 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. FOODWELL CORPORATION 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.1.5.2. Product Strategy 15.1.1.5.3. Channel Strategy 15.1.2. Archer Daniels Midland Company 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segments 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.2.5.2. Product Strategy 15.1.2.5.3. Channel Strategy 15.1.3. AGT Food and Ingredients 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segments 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.3.5.2. Product Strategy 15.1.3.5.3. Channel Strategy 15.1.4. Anchor Ingredients 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segments 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.4.5.2. Product Strategy 15.1.4.5.3. Channel Strategy 15.1.5. SunOpta 15.1.5.1. Overview 15.1.5.2. Product Portfolio 15.1.5.3. Profitability by Market Segments 15.1.5.4. Sales Footprint 15.1.5.5. Strategy Overview 15.1.5.5.1. Marketing Strategy 15.1.5.5.2. Product Strategy 15.1.5.5.3. Channel Strategy 15.1.6. Axiom Foods 15.1.6.1. Overview 15.1.6.2. Product Portfolio 15.1.6.3. Profitability by Market Segments 15.1.6.4. Sales Footprint 15.1.6.5. Strategy Overview 15.1.6.5.1. Marketing Strategy 15.1.6.5.2. Product Strategy 15.1.6.5.3. Channel Strategy 15.1.7. Batory Foods 15.1.7.1. Overview 15.1.7.2. Product Portfolio 15.1.7.3. Profitability by Market Segments 15.1.7.4. Sales Footprint 15.1.7.5. Strategy Overview 15.1.7.5.1. Marketing Strategy 15.1.7.5.2. Product Strategy 15.1.7.5.3. Channel Strategy 15.1.8. ROQUETTE 15.1.8.1. Overview 15.1.8.2. Product Portfolio 15.1.8.3. Profitability by Market Segments 15.1.8.4. Sales Footprint 15.1.8.5. Strategy Overview 15.1.8.5.1. Marketing Strategy 15.1.8.5.2. Product Strategy 15.1.8.5.3. Channel Strategy 15.1.9. Dakota Dry Bean Inc. 15.1.9.1. Overview 15.1.9.2. Product Portfolio 15.1.9.3. Profitability by Market Segments 15.1.9.4. Sales Footprint 15.1.9.5. Strategy Overview 15.1.9.5.1. Marketing Strategy 15.1.9.5.2. Product Strategy 15.1.9.5.3. Channel Strategy 15.1.10. Cosurcra 15.1.10.1. Overview 15.1.10.2. Product Portfolio 15.1.10.3. Profitability by Market Segments 15.1.10.4. Sales Footprint 15.1.10.5. Strategy Overview 15.1.10.5.1. Marketing Strategy 15.1.10.5.2. Product Strategy 15.1.10.5.3. Channel Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
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