Market Analysis: Global Pulse Based Product Market
Pulse based product market is set to witness a substantial CAGR in the forecast period of 2019 -2026. The report contains data of the base year 2018 and historic year 2017. Rising production of pulses and expansion in the cultivation area of pulses are the factor for the growth of this market.
Market Definition: Global Pulse Based Product Market
Pulses are the dried edible seeds in the legume family of certain seeds. Lentils, pigeon peas, black gram, chick peas, kaspa peas and other are some of the common types of the pulses. Pulses are usually available in different shapes, sizes & colors and they usually grow in pods. They are very healthy and nutritious. These pulses are very beneficial as pulse crop has the ability to reduce greenhouse gases, improve soil health and also requires less water as compared to the other crops.
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Market Drivers:
• Rising awareness about the health benefits of pulses will drive the market growth
• Increasing usage of pulses in processing of ready- to- eat products will also accelerate the market growth
• Rising urbanization and changing lifestyle also enhances this market growth
• Growing demand for high- protein content products contribute as a factor for the market growth
Market Restraints:
• Strict international quality standards and regulation will restrain the market growth
• Unpleasant flavours of the pulses will also hamper the market growth
Segmentation: Global Pulse Based Product Market
By Product
o Chick Peas
o Kaspa Peas
o Lentils
o Pigeon Peas
o Fava Beans
o Black Gram
o Mung Beans
o Other
By Type
o Pulse Flours
o Pulse Starches
o Pulse Protein
o Pulse Fiber & Grits
By End- User
o Home Use
o Snack Food Industry
o Flour Industry
o Others
By Application
o Bakery
o Beverages
o Extruded Snacks
o Pet Foods
o Others
By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o Sweden
o Poland
o Denmark
o Italy
o U.K.
o France
o Spain
o Netherlands
o Belgium
o Switzerland
o Turkey
o Russia
o Rest of Europe
• Asia-Pacific
o Japan
o China
o India
o South Korea
o New Zealand
o Vietnam
o Australia
o Singapore
o Malaysia
o Thailand
o Indonesia
o Philippines
o Rest of Asia-Pacific
• South America
o Brazil
o Argentina
o Rest of South America
• Middle East and Africa
o UAE
o Saudi Arabia
o Oman
o Qatar
o Kuwait
o South Africa
o Rest of Middle East and Africa
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Key Developments in the Market:
• In February 2018, Chickapea announced the launch of their new product line chickpea lentil mac and cheese which is nutritious and consist of 8g of fiber, less than 500mg of sodium and 19g of protein. These new products are non- GMO, are certified natural, and is gluten free. The main aim of the launch is to provide healthy products to the customers
• In February 2015, Ingredion announced the launch of their new ten pulses-based flour HOMECRAFT Pulse flours which is specially designed for the manufactures so they can manufacture products which are highly nutritious, certified gluten free and protein- fortified. This new flour has different content of protein and starch so they can meet the requirement of food manufacturer. Its gluten free nature will help them to produce healthy bakery products
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Competitive Analysis:
Global pulse based product market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of pulse based product market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global pulse based products market are Archer Daniels Midland Company, AGT Food and Ingredients, Ingredion Incorporated., Buhler AG, Diefenbaker Spice & Pulse, GPA Capital Food Pvt Ltd, USA Pulses, Puris, Vestkorn, Batory Foods, The Scoular Company, Groupe Emsland, Roquette Frères, Popular Pulse Products Pvt. Ltd., Esteem Bio Organic Food Processing Limited, Beacon Foods Limited, Cargill, Incorporated., Parmanand & Sons Food Products Private Limited, CKP Products Limited., Avena Foods, Limited, among others.
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