The pulse ingredients market size has been steadily growing and is estimated to grow from $21.1 billion in 2024 to $22.35 billion in 2025. This represents a compound annual growth rate (CAGR) of 5.9%. Factors contributing to this growth include diversification in food applications, public education initiatives, increase in culinary diversity, along with rising food security concerns, broader market accessibility, and the emergence of allergen-free alternatives.
In the coming years, the pulse ingredients market size is projected to continue its strong growth trajectory to reach $27.97 billion by 2029, reflecting a CAGR of 5.8%. Key market drivers for the forecast period include the surging demand for plant-based proteins, health and wellness trends, expansion in vegan and vegetarian diets, clean label and natural ingredients, and sustainable food choices.
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What are the Key Growth Drivers for the Pulse Ingredients Market?
The escalation in demand for plant-based and gluten-free products has been a significant driver in the pulse ingredients market. Consumer behavior has notably shifted towards plant-based foods and healthier meals, particularly to boost immunity during the COVID-19 pandemic. For instance, as per the Plant Based Foods Association, sales growth for plant-based foods in 2022 was 6.6%, up from 5.9% in 2021. Therefore, the growing consumer preference for healthier, plant-based, and gluten-free products is a crucial factor contributing to the pulse ingredients market growth.
What Are The Major Segments of The Pulse Ingredients Market?
1) By Type: Pulse Flour, Pulse Starch, Pulse Protein, Pulse Fibers And Grits
2) By Source: Lentils, Peas, Chickpeas, Beans, Other Sources
3) By Application: Food And Beverages, Feed, Other Applications
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Who Are the Major Players in the Pulse Ingredients Market?
Major participants in the pulse ingredients market include companies such as Ingredion Incorporated, AGT Food and Ingredients Inc., Emsland-Starke GmbH, The Scoular Company, Roquette Frères S.A., Cosucra Groupe Warcoing S.A., Vestkorn Milling A.S., Dakota Dry Bean Inc., SunOpta Inc., Axiom Foods Inc., Best Cooking Pulses Inc., Blue Ribbon LLC, Bühler AG, Cargill Inc., Diefenbaker Spice & Pulse, Puris Proteins LLC, ETG Commodities Inc., Gavilon Group LLC, Kellogg Company, MGP Ingredients Inc., Parakh Agro Industries Ltd., The Archer Daniels Midland Company, The Green Labs LLC, The TradeLink International Group Ltd., The Whitworths Group Limited, Great Western Grain Co. Ltd.
What Trends are Shaping the Pulse Ingredients Market?
Several companies in the pulse ingredients market are focusing on forming strategic partnerships to boost product innovation, increase market reach, and meet the growing consumer demand for plant-based ingredients. For example, the Bühler Group partnered with Endeco in June 2022, with the aim to improve pulse processing and meet the rising demand for alternative protein sources.
What is the Regional Outlook for The Pulse Ingredients Market?
In 2024, Asia-Pacific held the largest share in the pulse ingredients market. Other primary regions covered in this report are Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What is the Pulse Ingredients Market?
Pulse ingredients are powdered forms of high-quality lentils, chickpeas, peas, and faba beans that enhance the nutritional value and functionality of foods. The Pulse Ingredients Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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