Pulse Ingredients Market

2019 Analysis and Review Pulse Ingredients Market by Type - Pulse Flours, Pulse Starch, Pulse Proteins, and Pulse Fibers & Grits 2019 - 2029

  • 2020-04-11
  • REP-GB-11264
  • 128 Tables
  • 112 Figures
  • 200 pages
  • PDF PPT EXCEL
Pulse Ingredients Market
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Global Pulse Ingredients Market to Reach US$ 3.06 Bn by 2029

The global pulse ingredients market is projected to reach US$ 3.06 Bn by the end of 2029. The market was valued at US$ 1.84 Bn in 2019. If these figures hold true, the market will exhibit a CAGR of 5.2% between 2019 and 2029. The increasing demand for pulse ingredients starch in various food and industrial applications is going to drive the market during the forecast period. Moreover, the demand for clean-label and gluten-free food products will prove to be opportunities for this industry.

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KEY RESEARCH FINDINGS

  • Sales of pulse ingredients continue to be concentrated in pulse flours category.
  • Increasing demand for pulse ingredients, as it provides outstanding functional benefits and enables producers to produce clean labelling, nutrient-rich and cost-effective food and feed products.
  • With their gluten-free profile, functional and nutritional properties, consumer interest is increasing for food formulations that contain pulse ingredients which are expected to increase the demand in the near future.
  • By region, the Asia Pacific segment holds the largest share globally. Favorable macroeconomic indicators are promising a boost in market growth. Moreover, consumers in the region are shifting towards pulse ingredients and flours from conventional rice and wheat flours.
  • The R&D activities and new product development by the manufacturers and various government initiatives for endorsing pulse flour will drive the market during the forecast period.

KEY FACTORS SHAPING PULSE INGREDIENTS MARKET

Vegetarian, Vegan, and Gluten-free Trends

Prevalence of plant-based and vegan diets among multiplying health conscious consumers is a primary drive of growth for the market. Food, beverages, and pet food product manufacturers are increasingly integrating pulse ingredients into their products. This can be attributed to inherent beneficial properties of pulse ingredients that enhance the nutritional value of end products. Pulses are rich in protein, iron, and fibre found to be instrumental in maintaining good health. Increasing availability of gluten-free dietary alternatives in market is also a strong growth driver for the pulse ingredients market.

Asia Pacific - Key Growth Region

Booming digital economies in Asia Pacific such as India, Indonesia, and China are witnessing a drastic shift in diet preferences. Increasing disposable income of consumers, and hectic work lifestyle of millennials in this region drive the demand for pulse ingredients in convenience food products. Growing awareness about various plant-based and vegan diets, coupled with the availability of specialized food products, contributes to high adoption of pulse ingredient based products in this region.

COVID-19 Impact Analysis

As coronavirus spread hits demand-supply dynamics across the globe, Asia may end up being a dumping ground for many US and European chemicals markets. With demand drying up and chemical prices crashing in the West as a result of a no-end to sight of the coronavirus pandemic-considered the worst since the Spanish flu and Great Depression-Asia is becoming a target for export cargoes. Industries, creditors, and advisors face increasing debt yield spreads, elevated stock market volatility, and considerable uncertainty about the pandemic's magnitude.

Pulse Ingredients Market Structure Analysis

  • Some of the market participants dominating the global pulse ingredients market identified across the value chain include Ingredion, Roquette Frère, Emsland Group, ADM, and AGT Food and Ingredients Company, Herba Ingredients BV, Avena Foods, Limited, Anchor Ingredients Co., LLC, Puris, Archer Daniels Midland, Batory Foods, Unigrain Pty Ltd. among the other pulse ingredients manufacturers.
  • Innovation, collaboration, acquisition, and capacity expansion are popular strategies adopted by major market players in the pulse ingredients market.

Report Scope

Report Metric

Details

Base year considered

2020

Actual estimates/Historical data

2015 - 2019

Forecast period

2020 - 2030

Forecast units

Value (USD) Bn

Segments covered

Product Type, Application, Source and Region

Regions covered

North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Increasing Demand for Vegan and Gluten-Free Products Supports the Market Growth

The elevated demand for vegan and plant-based products is increasing the demand for pulse-based ingredients globally. Nowadays consumers are more inclined towards using pulse-based ingredients due to its inherent attributes for health benefit. Pulse are not only limited to food and drinks but also is one of the key element for pet food products. The growing population globally demands sustainably produced protein-rich foods. These crops are used in the production of protein-rich seeds that can be used as material for the production of pulse ingredients or can be eaten directly, such as protein concentrates, flours, or isolates, and starches. However, the flavor is a major factor restraining the use of many vegetable protein ingredients. Similar to soy ingredients, off-flavors in pulse ingredients are a barrier to consumption and limit the expansion of pulse ingredients into mainstream food applications. Nonetheless, pulse ingredients will continue witnessing high demand from food and beverages, feed and other segments.

Demand for Pulse Ingredients in Asia Pacific is Expected to see Substantial Growth

Over the forecast period the Asia Pacific region is expected to be the fastest growing market. The area is backed by increasingly increasing population, urbanization and middle-class population expansion with rising demand for health-benefiting food products. The region consists of countries such as China and India, with a population base of one billion plus. In addition, the region consists of Japan, which is expected to be a major revenue pocket for manufacturers of pulse ingredients due to a wide population base of older age groups.

* This data is only a representation. Actual data may vary and will be available in report.

Demand for Pulse Ingredients in Asia Pacific is Expected to see Substantial Growth
Demand for Pulse Ingredients in Asia Pacific is Expected to see Substantial Growth
Demand for Pulse Ingredients in Asia Pacific is Expected to see Substantial Growth
Demand for Pulse Ingredients in Asia Pacific is Expected to see Substantial Growth
  • 2014
  • 2019
  • 2022
  • 2029
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Worldwide Availability of Pulse Flour will Fuel Demand

Due to the presence of various proteins, iron and fibres, pulse ingredients mainly pulse flour is in high demand. Pulse flour has many applications, for example, it can be used to make cookies, pasta, and puddings. In addition, increasing pulse flour applications across various industries such as food and beverages, animal feed products will support the growth of the market.

Due to the growing knowledge among consumers about vegan and plant-based protein sources, the pulse flour market will witness surge in sales. At national and global level the pulse sector is undergoing complex changes. Projections indicate that demand for pulse ingredients in developing countries such as India, China and others will continue to increase as a result of increasing incomes and growing population. In addition, pulses are considered one of Indian diets' primary source of protein.

Pulse flours segment held the leading market share

Pulse proteins segment forecast to higher rate of growth

Food & beverages segment holds dominance

Feeds segment to rise at a higher CAGR

Peas segment holds dominance

Beans segment to rise at a higher CAGR

How Growth will Unfold

Improved health awareness among consumers worldwide is boosting market demand for pulse ingredients. In addition, the growing demand for pulse starch in various food industry applications is also expected to significantly influence the market for pulse ingredients. In addition, the increasing popularity among consumers about protein-rich food products is expected to have a fuel the demand for pulse ingredients.

In the coming years, rising customer inclination toward vegetarian and vegan diets worldwide is projected to boost the markets for pulse ingredients. The rising demand for clean label and gluten-free food items is anticipated to provide market participants opportunities to capitalize on untapped potential. Worsening situation, on the other hand, is supply chain disruptions caused by the recent COVID-19 effect. With manufacturers experiencing difficulties in obtaining raw materials and fewer staff available, the production of chemicals for animal nutrition may become hampered.

As a result of prevailing trends some of the leading market players are likely to focus on various expansion strategies to sustain their growth in the future. As per our findings product innovation, collaborations, acquisition, and expansion will remain popular strategies among market players to gain competitive edge. 

Global Pulse Ingredients Market : Competitive Outlook

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

Industrial Margarine Market: Global Industry Analysis 2015-2019 & Opportunity Assessment 2020-2030

A recent market study published by Future Market Insights on the Industrial Margarine market offers global industry analysis for 2015-2019 & opportunity assessment for 2020-2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the Industrial Margarine market, the growth prospects of the market are obtained with maximum precision.

Pulse Ingredients Market Taxonomy

The global Industrial Margarine market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Form

  • Hard
  • Soft

Type

  • Spreadable
  • All Purpose
  • Butter Blend

Application

  • Bakery
  • Confectionery
  • Sauces
  • Dairy and Ice-cream
  • Spreads & Toppings 
  • Others (Ready to Eat Meals, Baby Food, and Snacks)

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

What's Included

The executive summary of the Industrial Margarine market includes the market proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global Industrial Margarine market.

Readers can find the detailed segmentation and definition of the Industrial Margarine market in this chapter, which will help them understand basic information about the Industrial Margarine market. This section also highlights the inclusions and exclusions, which help the reader, understand the scope of the Industrial Margarine market report.

The associated industry assessment of the Industrial Margarine market is carried out in this section. The macroeconomic factors affecting growth of the Industrial Margarine market are provided in this section and the impact of these macroeconomic indicators on the Industrial Margarine market is analyzed. The processing overview and technological advancements in the Industrial Margarine market is also provided.

Profit margins at each level of the Industrial Margarine market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the Industrial Margarine market.

The drivers and restraints impacting the growth of the Industrial Margarine market are explained in this chapter. Opportunities and ongoing trends in the Industrial Margarine market are also comprehensively discussed.

This chapter includes detailed analysis of the historical Industrial Margarine market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2020 - 2021) and incremental opportunity for the forecast period (2020-2030).

Based on Form, the Industrial Margarine market is segmented into Hard and Soft. In this chapter, readers can find information about key trends and developments in the Industrial Margarine market and market attractiveness analysis based on raw material.

Based on Type, the Industrial Margarine market is segmented into Spreadable, All Purpose, and Butter Blend. In this chapter, readers can find information about key trends and developments in the Industrial Margarine market and market attractiveness analysis based on raw material.

Based on Application, the Industrial Margarine market is classified into Bakery, Confectionery, Sauces, Dairy and Ice-cream, Spreads & Toppings, and Others (Ready to Eat Meals, Baby Food, and Snacks). This part also offers market attractiveness analysis based on Application.

This chapter explains how the Industrial Margarine market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.

This chapter includes a detailed analysis of the growth of the Industrial Margarine market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in the North America region.

Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the Industrial Margarine market in Latin America. This chapter also includes growth prospects of the Industrial Margarine market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.

Important growth prospects of the Industrial Margarine market based on its end users in several countries such as Germany, U.K., France, Italy, Spain, BENELUX, Nordic, Russia, Poland, and the Rest of Western Europe are included in this chapter.

In this chapter, readers can find information about key trends and developments in the key countries of South Asia such as India, Thailand, Malaysia, Indonesia, Singapore, and Rest of South Asia Industrial Margarine market.

This chapter includes a detailed analysis of the growth of the Industrial Margarine market in the East Asia region, along with a country-wise assessment that includes Japan, China, and South Korea. Readers can also find regional trends, regulations, and market growth based on end users and countries in the APEJ region.

This chapter offers insights into how the Industrial Margarine market is expected to grow in major countries in the Middle East region such as Australia and New Zealand, during the forecast period 2020-2030.

This chapter contains information about the market growth of Industrial Margarine in Middle East region such as GCC Countries, South Africa, North Africa, and the Rest of Middle East, during the forecast period 2020-2030.

In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Industrial Margarine market along with their market presence analysis by region and product portfolio.

In this chapter, readers can find a comprehensive list of leading manufacturers in the Industrial Margarine market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Wilmar International Ltd, Bunge Limited, Conagra Brands, Inc., PURATOS, FUJI OIL HOLDINGS INC., Richardson International Limited., NMGK Group, Vandemoortele, EFKO Group, Unilever, Dairy Crest Limited, LASENOR EMUL, S.L., Muez-Hest India Private Limited., Walter Rau Lebensmittelwerke GmbH, Silverson, Bonanza Megah, Cardowan Creameries Limited, and others.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Industrial Margarine report.

This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the Industrial Margarine market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Sales Heads
  • Production Managers
  • Distributors Heads
  • Sales Executives
  • Product Manufacturers
  • Distributors
  • Traders 
  • Industry Experts
  • End Users
  • Current Market Dynamics and Challenges
  • Market Characteristics
  • Market Performance and Growth Quadrants
  • Competition Structure and Market Structure
  • Strategic Growth Initiatives
  • Near-term and Long-term Market Growth Prospects
  • Market Segment Splits and Authenticity
  • Opinions on Market Projections and Validity Of Assumptions

Secondary Research

  • Industry Publications
    • Industrial Week
    • Industrial Product Review
    • Industrial Magazine
  • Industry Associations
    • Dieticians Association
    • Food and Agriculture Organization
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits

Primary Interview Splits pulse ingredients market designation

Primary Interview Splits pulse ingredients market stakeholder

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