Global Pulse Ingredients Market Forecast to 2023: A $21.6 Billion Opportunity - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Mar 11, 2019--The “Pulse Ingredients Market by Type (Pulse Flours, Pulse Starch, Pulse Proteins, and Pulse Fibers & Grits), Source (Lentils, Peas, Beans, and Chickpeas), Application (Food & Beverages, Feed, and Others), and Region-Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The pulse ingredients market is estimated at USD 17.4 billion in 2018 and projected to grow at a CAGR of 4.5%, to reach USD 21.6 billion by 2023.
The growth of the pulse ingredients market is driven by the rising demand for healthy and natural food ingredients in the food industry. The popularity of protein-rich food products and increased health-consciousness among consumers are also driving the demand for pulse ingredients. However, adherence to international quality standards and regulations regarding food ingredients and unpleasant flavors of pulses act as restraints for the market’s growth.
The food & beverages segment in the pulse ingredients market is estimated to account for the largest share in 2018.
Based on application, the food & beverages segment is estimated to account for the largest share in the pulse ingredients market in 2018. Pulse ingredients are used in a variety of food products such as bakery products, confectioneries, snacks, soups, sauces, and seasonings.
Expansion of the food & beverage industry in the emerging Asia Pacific region due to the urbanization is projected to create lucrative opportunities for pulse ingredient manufacturers in the coming years as consumers in the region are opting for food products with health benefits.
The pulse flours segment in the pulse ingredients market is estimated to account for the largest share in 2018.
Based on type, the pulse flours segment is estimated to account for the largest share in the pulse ingredients market in 2018. Pulse flour is used in a variety of food products in countries such as India and the Middle East as a rich source of protein.
Chickpeas flour and pea flours are the most common pulse flours consumed in these countries. Pulse flours are gaining popularity in developed countries such as the US, due to its health benefits and the growing health concerns among consumers in the country.
The Asia Pacific pulse ingredients market is projected to witness significant growth.
The Asia Pacific region is projected to be the fastest-growing market during the forecast period. The region is backed by a fast-growing population, urbanization, and expansion of the middle-class population with the increasing demand for health-benefiting food products.
The region consists of countries such as China and India, which have a billion plus population base. Apart from this, the region consists of Japan, which is projected to be a major revenue pocket for pulse ingredients manufacturers due to a large old age population base.
The global pulse ingredients market comprises major international players such as Ingredion (US), Roquette Frres (France), Emsland Group (Germany), The Scoular Company (US), and ADM (US).
Key Topics Covered
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Periodization Considered
1.5 Currency Considered
1.6 Unit Considered
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Research Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Pulse Ingredients Market
4.2 Pulse Ingredients Market, By Region
4.3 Pulse Ingredients Market, By Type
4.4 Asia Pacific: Pulse Ingredients Market, By Source & Country
5 Market Overview
5.2 Market Dynamics
220.127.116.11 High Protein Profile of Pulse Flours
18.104.22.168 Increased Health-Consciousness Among Consumers Driving the Pulse Ingredients Market
22.214.171.124 Rising Demand for Pulse Starch in Various Food and Industrial Applications
126.96.36.199 Popularity of Protein-Rich Food Products
188.8.131.52 Stringent International Quality Standards and Regulations
184.108.40.206 Unpleasant Flavor of Pulses
220.127.116.11 Growth in Consumer Preference for Vegetarian and Vegan Diets
18.104.22.168 Emerging Markets Illustrating Great Potential for Pulse Ingredients
22.214.171.124 Demand for Clean-Label and Gluten-Free Food Products
126.96.36.199 Volatility in the Prices of Raw Materials
188.8.131.52 Fluctuations in the Production of Pulses
6 Pulse Ingredients, By Function
6.7 Film Forming
7 Pulse Ingredients Market, By Type
7.2 Pulse Flours
7.3 Pulse Starches
7.4 Pulse Proteins
7.5 Pulse Fibers & Grits
8 Pulse Ingredients Market, By Source
9 Pulse Ingredients Market, By Application
9.2 Food & Beverages
9.4 Other Applications
10 Pulse Ingredients Market, By Region
10.2 North America
10.4 Asia Pacific
10.5 Rest of the World (RoW)
11 Competitive Landscape
11.2 Competitive Landscape Mapping, 2017
11.3 Ranking of Key Players in the Pulse Ingredients Market
11.4 Competitive Scenario
12 Company Profiles
12.2 Roquette Freres
12.3 Emsland Group
12.5 The Scoular Company
12.6 AGT Food and Ingredients
12.7 Anchor Ingredients
12.8 Batory Foods
12.9 Diefenbaker Spice & Pulse
12.10 Best Cooking Pulses, Inc.
12.11 Cosucra Groupe Warconing Sa
12.12 Vestkorn Milling as
12.13 Dakota Dry Bean
12.14 Puris Foods
12.15 Axiom Foods
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Related Topics:Food Ingredients
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
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PUB: 03/11/2019 04:55 AM/DISC: 03/11/2019 04:55 AM