The industry size of the pulse ingredient in Korea is estimated to be USD 574.74 million in 2023. The industry is estimated to surpass USD 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 | USD 574.74 million |
Projected Industry Value of Pulse Ingredient in Korea by 2033 | USD 1,202.02 million |
Value-based CAGR of the Industry for 2023 to 2033 | 7.7% |
Pulse ingredients are frequently found in a wide range of foods, including soups, sauces, bread goods, dinners, snacks, and sweets. They are also available in different forms like flour, protein, and fiber. The industry is growing because of the increasing demand for plant-based and gluten-free products and the increasing acceptance of protein-rich foodstuffs.
South Korea could be one of the leading contributors to revenue generation for pulse ingredient manufacturers. This can be attributed to an aging population that consumes a variety of pulse ingredient-enriched protein-rich products. The pulse ingredient industry is further expanding in line with the increasing demand for natural ingredients and clean-labeled food products. Consumers are shifting their diets toward more and more natural and organic products.
The growing inclination of the consumer toward protein-rich food, such as pulse component protein, fuels growth in the Korean pulse ingredient market. Due to the health benefits related to high protein content, there is a growing demand from consumers for pea protein, pea flour, and pea starch.
Moreover, the increased number of aged people who consume various protein-rich products, including pulse ingredients in Korea is expected to be a key income driver for makers of pulse ingredients. The industry in Korea is also influenced by the need for medical supplies.
Slowly but surely, nutritional value, sustainability, and versatility of the food product have started gaining precedence as significant factors in the food and beverage industry. Hence, positioning pulse ingredients as a growing sector in the broader food and beverage sector.
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 is attributed to the fact that pulse flour contains a huge amount of proteins, iron, and fibers, hence it is highly demanded. Various recipes are created with pulse flour, such as cookies, pasta, and puddings.
Demand for pulse flours is expected to rise due to the surging demand from consumers for vegan and plant-based protein sources. Pulses in flour form are versatile and therefore can be used in multiple plant-based dishes.
Attributes | Details |
---|---|
Product Type | Flour |
Industry Share in 2023 | 52.3% |
The peas segment is estimated to capture a share of 51.1% in 2023 alone on account of their extended applications in several food products in the country. An increasing application of pea protein in well-being supplements and healthy food products adds to the growth of this segment in the country.
Attributes | Details |
---|---|
Pulses Type | Peas |
Industry Share in 2023 | 51.1% |
A growing trend towards vegetarian and vegan diets is expected to fuel the growth of the pulse ingredient market during the forecast period. Rising demand for gluten-free and clean-label food products is expected to give opportunities to players in the market to leverage untapped potential.
Consequently, on the back of such developments, many of the key players in this industry are found to be investing in different strategic expansion modes to maintain their growth momentum over the forecast period. Product innovation, acquisitions, collaborations, and expansions are likely to continue as favored routes for the industry participants to gain an upper hand.
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 | USD 574.74 million |
Projected Industry Size by 2033 | USD 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 | Adroit Food Ingredient Co., Ltd.; Ajinomoto Co., Inc.; Archer Daniels Midland Company (ADM); Cargill Incorporated; Ingredia; Ingredion Inc.; Kerry Group plc; Korea Grain & Feed Trading Corporation (KGF); Sensus Natural Ingredient Ltd.; SunOpta Inc.; Symrise AG; Tate & Lyle plc |
Table 1: Industry Analysis and Outlook Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Industry Analysis and Outlook Volume (Tons) Forecast by Region, 2018 to 2033
Table 3: Industry Analysis and Outlook Value (US$ Million) Forecast by Form, 2018 to 2033
Table 4: Industry Analysis and Outlook Volume (Tons) Forecast by Form, 2018 to 2033
Table 5: Industry Analysis and Outlook Value (US$ Million) Forecast by Type, 2018 to 2033
Table 6: Industry Analysis and Outlook Volume (Tons) Forecast by Type, 2018 to 2033
Table 7: Industry Analysis and Outlook Value (US$ Million) Forecast by Application, 2018 to 2033
Table 8: Industry Analysis and Outlook Volume (Tons) Forecast by Application, 2018 to 2033
Table 9: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Forecast by Form, 2018 to 2033
Table 10: South Gyeongsang Industry Analysis and Outlook Volume (Tons) Forecast by Form, 2018 to 2033
Table 11: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Forecast by Type, 2018 to 2033
Table 12: South Gyeongsang Industry Analysis and Outlook Volume (Tons) Forecast by Type, 2018 to 2033
Table 13: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Forecast by Application, 2018 to 2033
Table 14: South Gyeongsang Industry Analysis and Outlook Volume (Tons) Forecast by Application, 2018 to 2033
Table 15: North Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by Form, 2018 to 2033
Table 16: North Jeolla Industry Analysis and Outlook Volume (Tons) Forecast by Form, 2018 to 2033
Table 17: North Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by Type, 2018 to 2033
Table 18: North Jeolla Industry Analysis and Outlook Volume (Tons) Forecast by Type, 2018 to 2033
Table 19: North Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by Application, 2018 to 2033
Table 20: North Jeolla Industry Analysis and Outlook Volume (Tons) Forecast by Application, 2018 to 2033
Table 21: South Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by Form, 2018 to 2033
Table 22: South Jeolla Industry Analysis and Outlook Volume (Tons) Forecast by Form, 2018 to 2033
Table 23: South Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by Type, 2018 to 2033
Table 24: South Jeolla Industry Analysis and Outlook Volume (Tons) Forecast by Type, 2018 to 2033
Table 25: South Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by Application, 2018 to 2033
Table 26: South Jeolla Industry Analysis and Outlook Volume (Tons) Forecast by Application, 2018 to 2033
Table 27: Jeju Industry Analysis and Outlook Value (US$ Million) Forecast by Form, 2018 to 2033
Table 28: Jeju Industry Analysis and Outlook Volume (Tons) Forecast by Form, 2018 to 2033
Table 29: Jeju Industry Analysis and Outlook Value (US$ Million) Forecast by Type, 2018 to 2033
Table 30: Jeju Industry Analysis and Outlook Volume (Tons) Forecast by Type, 2018 to 2033
Table 31: Jeju Industry Analysis and Outlook Value (US$ Million) Forecast by Application, 2018 to 2033
Table 32: Jeju Industry Analysis and Outlook Volume (Tons) Forecast by Application, 2018 to 2033
Table 33: Rest of Industry Analysis and Outlook Value (US$ Million) Forecast by Form, 2018 to 2033
Table 34: Rest of Industry Analysis and Outlook Volume (Tons) Forecast by Form, 2018 to 2033
Table 35: Rest of Industry Analysis and Outlook Value (US$ Million) Forecast by Type, 2018 to 2033
Table 36: Rest of Industry Analysis and Outlook Volume (Tons) Forecast by Type, 2018 to 2033
Table 37: Rest of Industry Analysis and Outlook Value (US$ Million) Forecast by Application, 2018 to 2033
Table 38: Rest of Industry Analysis and Outlook Volume (Tons) Forecast by Application, 2018 to 2033
Figure 1: Industry Analysis and Outlook Value (US$ Million) by Form, 2023 to 2033
Figure 2: Industry Analysis and Outlook Value (US$ Million) by Type, 2023 to 2033
Figure 3: Industry Analysis and Outlook Value (US$ Million) by Application, 2023 to 2033
Figure 4: Industry Analysis and Outlook Value (US$ Million) by Region, 2023 to 2033
Figure 5: Industry Analysis and Outlook Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 6: Industry Analysis and Outlook Volume (Tons) Analysis by Region, 2018 to 2033
Figure 7: Industry Analysis and Outlook Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 8: Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 9: Industry Analysis and Outlook Value (US$ Million) Analysis by Form, 2018 to 2033
Figure 10: Industry Analysis and Outlook Volume (Tons) Analysis by Form, 2018 to 2033
Figure 11: Industry Analysis and Outlook Value Share (%) and BPS Analysis by Form, 2023 to 2033
Figure 12: Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Form, 2023 to 2033
Figure 13: Industry Analysis and Outlook Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 14: Industry Analysis and Outlook Volume (Tons) Analysis by Type, 2018 to 2033
Figure 15: Industry Analysis and Outlook Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 16: Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 17: Industry Analysis and Outlook Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 18: Industry Analysis and Outlook Volume (Tons) Analysis by Application, 2018 to 2033
Figure 19: Industry Analysis and Outlook Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 20: Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 21: Industry Analysis and Outlook Attractiveness by Form, 2023 to 2033
Figure 22: Industry Analysis and Outlook Attractiveness by Type, 2023 to 2033
Figure 23: Industry Analysis and Outlook Attractiveness by Application, 2023 to 2033
Figure 24: Industry Analysis and Outlook Attractiveness by Region, 2023 to 2033
Figure 25: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) by Form, 2023 to 2033
Figure 26: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) by Type, 2023 to 2033
Figure 27: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) by Application, 2023 to 2033
Figure 28: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Analysis by Form, 2018 to 2033
Figure 29: South Gyeongsang Industry Analysis and Outlook Volume (Tons) Analysis by Form, 2018 to 2033
Figure 30: South Gyeongsang Industry Analysis and Outlook Value Share (%) and BPS Analysis by Form, 2023 to 2033
Figure 31: South Gyeongsang Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Form, 2023 to 2033
Figure 32: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 33: South Gyeongsang Industry Analysis and Outlook Volume (Tons) Analysis by Type, 2018 to 2033
Figure 34: South Gyeongsang Industry Analysis and Outlook Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 35: South Gyeongsang Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 36: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 37: South Gyeongsang Industry Analysis and Outlook Volume (Tons) Analysis by Application, 2018 to 2033
Figure 38: South Gyeongsang Industry Analysis and Outlook Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 39: South Gyeongsang Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 40: South Gyeongsang Industry Analysis and Outlook Attractiveness by Form, 2023 to 2033
Figure 41: South Gyeongsang Industry Analysis and Outlook Attractiveness by Type, 2023 to 2033
Figure 42: South Gyeongsang Industry Analysis and Outlook Attractiveness by Application, 2023 to 2033
Figure 43: North Jeolla Industry Analysis and Outlook Value (US$ Million) by Form, 2023 to 2033
Figure 44: North Jeolla Industry Analysis and Outlook Value (US$ Million) by Type, 2023 to 2033
Figure 45: North Jeolla Industry Analysis and Outlook Value (US$ Million) by Application, 2023 to 2033
Figure 46: North Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by Form, 2018 to 2033
Figure 47: North Jeolla Industry Analysis and Outlook Volume (Tons) Analysis by Form, 2018 to 2033
Figure 48: North Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by Form, 2023 to 2033
Figure 49: North Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Form, 2023 to 2033
Figure 50: North Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 51: North Jeolla Industry Analysis and Outlook Volume (Tons) Analysis by Type, 2018 to 2033
Figure 52: North Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 53: North Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 54: North Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 55: North Jeolla Industry Analysis and Outlook Volume (Tons) Analysis by Application, 2018 to 2033
Figure 56: North Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 57: North Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 58: North Jeolla Industry Analysis and Outlook Attractiveness by Form, 2023 to 2033
Figure 59: North Jeolla Industry Analysis and Outlook Attractiveness by Type, 2023 to 2033
Figure 60: North Jeolla Industry Analysis and Outlook Attractiveness by Application, 2023 to 2033
Figure 61: South Jeolla Industry Analysis and Outlook Value (US$ Million) by Form, 2023 to 2033
Figure 62: South Jeolla Industry Analysis and Outlook Value (US$ Million) by Type, 2023 to 2033
Figure 63: South Jeolla Industry Analysis and Outlook Value (US$ Million) by Application, 2023 to 2033
Figure 64: South Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by Form, 2018 to 2033
Figure 65: South Jeolla Industry Analysis and Outlook Volume (Tons) Analysis by Form, 2018 to 2033
Figure 66: South Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by Form, 2023 to 2033
Figure 67: South Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Form, 2023 to 2033
Figure 68: South Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 69: South Jeolla Industry Analysis and Outlook Volume (Tons) Analysis by Type, 2018 to 2033
Figure 70: South Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 71: South Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 72: South Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 73: South Jeolla Industry Analysis and Outlook Volume (Tons) Analysis by Application, 2018 to 2033
Figure 74: South Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 75: South Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 76: South Jeolla Industry Analysis and Outlook Attractiveness by Form, 2023 to 2033
Figure 77: South Jeolla Industry Analysis and Outlook Attractiveness by Type, 2023 to 2033
Figure 78: South Jeolla Industry Analysis and Outlook Attractiveness by Application, 2023 to 2033
Figure 79: Jeju Industry Analysis and Outlook Value (US$ Million) by Form, 2023 to 2033
Figure 80: Jeju Industry Analysis and Outlook Value (US$ Million) by Type, 2023 to 2033
Figure 81: Jeju Industry Analysis and Outlook Value (US$ Million) by Application, 2023 to 2033
Figure 82: Jeju Industry Analysis and Outlook Value (US$ Million) Analysis by Form, 2018 to 2033
Figure 83: Jeju Industry Analysis and Outlook Volume (Tons) Analysis by Form, 2018 to 2033
Figure 84: Jeju Industry Analysis and Outlook Value Share (%) and BPS Analysis by Form, 2023 to 2033
Figure 85: Jeju Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Form, 2023 to 2033
Figure 86: Jeju Industry Analysis and Outlook Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 87: Jeju Industry Analysis and Outlook Volume (Tons) Analysis by Type, 2018 to 2033
Figure 88: Jeju Industry Analysis and Outlook Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 89: Jeju Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 90: Jeju Industry Analysis and Outlook Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 91: Jeju Industry Analysis and Outlook Volume (Tons) Analysis by Application, 2018 to 2033
Figure 92: Jeju Industry Analysis and Outlook Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 93: Jeju Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 94: Jeju Industry Analysis and Outlook Attractiveness by Form, 2023 to 2033
Figure 95: Jeju Industry Analysis and Outlook Attractiveness by Type, 2023 to 2033
Figure 96: Jeju Industry Analysis and Outlook Attractiveness by Application, 2023 to 2033
Figure 97: Rest of Industry Analysis and Outlook Value (US$ Million) by Form, 2023 to 2033
Figure 98: Rest of Industry Analysis and Outlook Value (US$ Million) by Type, 2023 to 2033
Figure 99: Rest of Industry Analysis and Outlook Value (US$ Million) by Application, 2023 to 2033
Figure 100: Rest of Industry Analysis and Outlook Value (US$ Million) Analysis by Form, 2018 to 2033
Figure 101: Rest of Industry Analysis and Outlook Volume (Tons) Analysis by Form, 2018 to 2033
Figure 102: Rest of Industry Analysis and Outlook Value Share (%) and BPS Analysis by Form, 2023 to 2033
Figure 103: Rest of Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Form, 2023 to 2033
Figure 104: Rest of Industry Analysis and Outlook Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 105: Rest of Industry Analysis and Outlook Volume (Tons) Analysis by Type, 2018 to 2033
Figure 106: Rest of Industry Analysis and Outlook Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 107: Rest of Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 108: Rest of Industry Analysis and Outlook Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 109: Rest of Industry Analysis and Outlook Volume (Tons) Analysis by Application, 2018 to 2033
Figure 110: Rest of Industry Analysis and Outlook Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 111: Rest of Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 112: Rest of Industry Analysis and Outlook Attractiveness by Form, 2023 to 2033
Figure 113: Rest of Industry Analysis and Outlook Attractiveness by Type, 2023 to 2033
Figure 114: Rest of Industry Analysis and Outlook Attractiveness by Application, 2023 to 2033
In 2023, the size of the pulse ingredient in Korea is estimated to be USD 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 USD 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.
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