Pulses Ingredients Market

The increasing need for pulse starch in various food and industrial uses drives market growth.

Pulse starch can be used to gel, texturize, bind, coat, thicken, and make films, among other things. It has been utilized in various food applications, including pasta and noodles, pastry, confectionery, soups and sauces, and meat and poultry because of its multi-functionality. Additionally, it is frequently used as a binding agent in the production of vermicelli. Due to its variety of uses and affordability, pulse starch is also a possible alternative for other starches in food and beverage applications.

The Saskatchewan Agriculture Ministry and the MOA announced USD 2.07 million in funding for research exploring new possibilities for starches from pulse crops, which is being directed by the University of Saskatchewan in 2021. The study aimed to improve seed starch isolation and understand the processes involved in converting pulse starches into products with additional value. Thus, driving the pulse ingredients market revenue.

An increase in the creation of processed and convenience foods is driving the need for ingredients made from pulses. India and China are two emerging economies in the Asia Pacific region growing quickly. Additionally, the Asia-Pacific area offers lower production and processing costs. High demand and cheap production costs are two important characteristics that will help suppliers and manufacturers of pulse ingredients target the pulse ingredients industry.

The rise in demand for convenience and ready-to-eat foods has been influenced by several factors, including the growing number of working women and nuclear families, an improved standard of living, and changing lifestyles. The growing desire for snacks drives the market for RTE & bakery items, soups, and snacks made from pulse ingredients. Busier lives have boosted the need for on-the-go products to reduce the time spent preparing meals. Demand for healthier products with pulse components also rises due to the demand for these products.

The Global Pulses Ingredients Market Industry is experiencing a surge in demand driven by increasing health consciousness among consumers. Pulses are recognized for their high protein content, fiber, and essential nutrients, making them a preferred choice for health-oriented diets. As more individuals seek plant-based alternatives to meat, the market for pulses is projected to reach 19.8 USD Billion in 2024. This trend is further supported by various health organizations advocating for the inclusion of pulses in daily diets, which enhances their visibility and acceptance in mainstream food products.

Government initiatives aimed at promoting pulse cultivation and consumption are significantly influencing the Global Pulses Ingredients Market Industry. Various countries are implementing policies to support farmers in pulse production, recognizing the crop's nutritional benefits and environmental advantages. These initiatives often include financial incentives, research funding, and educational programs to raise awareness about pulses. Such support is likely to enhance production capabilities and expand market reach, thereby contributing to the anticipated growth of the market to 30.0 USD Billion by 2035, as governments prioritize food security and sustainable agriculture.

The versatility of pulses is a key driver for the Global Pulses Ingredients Market Industry. Pulses can be utilized in various food applications, including snacks, baked goods, and meat alternatives. This adaptability allows manufacturers to innovate and create new products that cater to diverse consumer preferences. As the market evolves, the incorporation of pulses into gluten-free and high-protein products is becoming increasingly popular. This trend is likely to contribute to a compound annual growth rate of 3.85% from 2025 to 2035, reflecting the growing acceptance of pulses in mainstream food categories.

The increasing number of individuals adopting vegan and vegetarian lifestyles is a substantial driver for the Global Pulses Ingredients Market Industry. As more consumers seek plant-based diets for ethical, health, or environmental reasons, the demand for pulse-based products is on the rise. This demographic shift is reflected in the market's projected growth, reaching 19.8 USD Billion in 2024. The rise of plant-based protein products, including meat substitutes made from pulses, indicates a significant shift in consumer preferences, further solidifying the role of pulses in modern diets.

Sustainability plays a pivotal role in the growth of the Global Pulses Ingredients Market Industry. Pulses are known for their low environmental impact compared to animal protein sources, as they require less water and land for cultivation. This aligns with the global shift towards sustainable food systems, prompting food manufacturers to incorporate pulses into their products. The market is expected to grow significantly, with projections indicating a value of 30.0 USD Billion by 2035. This growth reflects a broader commitment to reducing carbon footprints and promoting eco-friendly agricultural practices.

By region, the study provides market insights into North America, Asia-Pacific, Europe, and the Rest of the World. The Asia Pacific pulse ingredients market, will dominate this market. Due to its sizable elderly population, Japan is another prospective market for pulse components. This is anticipated to increase demand for food products with added protein, increasing demand for pulse components. Due to its vast population and movement towards plant-based components, the Asia Pacific region is predicted to have a significant demand for pulse ingredients in the upcoming years.

Further, the major countries studied in the market report are The US, German, France, the UK, Italy, Canada, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: PULSES INGREDIENTS MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

Europe's pulses ingredients market accounts for the second-largest market share due to the increasing product innovation in the region. Further, the German pulses ingredients market held the largest market share, and the UK was the fastest-growing market in the European region.

The North American pulses ingredients Market is expected to grow at the fastest CAGR from 2023 to 2032. This is brought on by rising per capita disposable income, increased awareness of a healthy lifestyle, and good nutrition. Moreover, US’s pulses ingredients market held the largest market share, and the Canadian pulses ingredients market was the fastest-growing market in the North American region.

Leading industry companies are making significant R&D investments to diversify their product offerings, which will spur further expansion of the market for pulses ingredients. Market participants also engage in various strategic actions to increase their worldwide footprint. Important market developments include introducing new products, increased investments, contractual agreements, mergers and acquisitions, and collaboration with other organizations. The pulse ingredient sector must provide affordable products to grow and thrive in a more cutthroat and competitive market environment.

One of the main business strategies manufacturers use in the worldwide pulses ingredients industry to benefit customers and expand the market sector is local manufacturing to reduce operational costs. The pulses ingredients sector has recently provided some of the most important medicinal benefits. Major players in the pulses ingredients market, including Ingredion Incorporated (US), Roquette Frères (France), Emsland Group (Germany), The Scoular Company (US), Archer Daniels Midland Company (US), SunOpta Inc. (Canada), Diefenbaker Spice & Pulses (Canada), and others are attempting to increase market demand by investing in research and development operations.

Based in Westchester, Illinois, Ingredion Incorporated is an American company that provides ingredients for food and beverages. It primarily produces starches, non-GMO sweeteners, stevia, and pea protein. The business produces ingredients for food, beverage, brewing, pharmaceutical, and many other industrial sectors using maize, tapioca, potatoes, plant-based stevia, cereals, fruits, gums, and other vegetables. It serves consumers in more than 120 countries and employs roughly 12,000 people across 44 locations. Ingredion was ranked second in 2021 by FoodTalks in the Top 50 Sweetener Companies list and the Modified Starch category of the Food Thickener Companies list.

The starch taken from corn, wheat, potatoes and peas is used by Roquette, a family-owned business headquartered in France, to make more than 650 by-products. Roquette, established in 1933 and headquartered in Lestrem, France, by the brothers Dominique and Germain Roquette, has developed into the fourth-largest producer of starch in the world and the leader in starch manufacturing in Europe. Additionally, it is the world's top polyol producer, with molecules generated from dietary ingredients. More than 8,360 people work for Roquette worldwide, and the company generated more than 2,5 billion euros in revenue in 2011.