Pulse Ingredients Global Market Report 2024

The global pulse ingredients market has grown strongly in recent years. It will grow from $19.93 billion in 2023 to $21.1 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. Expansion during the historical period can be credited to several factors. Diversification in food applications, coupled with public education initiatives, played a significant role. Additionally, the embrace of culinary diversity, ethnic foods, and the rise in concerns regarding food security contributed to this growth. Furthermore, the expansion was influenced by increased international trade opportunities and improved market accessibility. The emergence of allergen-free alternatives also played a role in driving growth during this period.

The global pulse ingredients market is expected to see strong growth in the next few years. It will grow to $26.45 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. During the upcoming forecast period, growth is anticipated due to various factors. Increased demand for plant-based proteins, driven by health and wellness trends, will contribute significantly. The expanding adoption of vegan and vegetarian diets, along with a growing emphasis on sustainable food choices, will also fuel this growth. Furthermore, the preference for clean label products and natural ingredients will play a pivotal role.

The surge in requests for plant-based and gluten-free products is anticipated to accelerate the expansion of the pulse ingredients market. Plant-based items encompass a range of plant-derived components, including fruits, vegetables, whole grains, nuts, seeds, and legumes. Gluten-free foods are devoid of gluten protein found in grains like wheat, barley, and rye. The shift in consumer behavior due to the COVID-19 pandemic leans toward plant-based foods and healthier diets to bolster immunity, deemed crucial in combating the virus. Notably, in September 2021, the Plant Based Foods Association reported a 27% increase in plant-based food consumption in the United States in 2020, reaching a record value of $7.4 billion. The preference for plant-based foods soared from 53% in 2019 to 57% in 2020, signifying over 71 million U.S. households opting for these dietary choices. Consequently, the escalating demand for plant-based and gluten-free products is steering the growth trajectory of the pulse ingredients market.

The burgeoning desire for protein-rich nourishment is poised to drive the expansion of the pulse ingredients market in the foreseeable future. Protein-rich foods constitute dietary items abundant in the essential macronutrient vital for bodily growth, repair, and overall health. Pulses, renowned for their high protein content, align with prevailing trends like plant-based diets, health consciousness, and the preference for clean labels. Their increasing integration into diverse food products, including plant-based meat substitutes, functional foods, and sports nutrition goods, reflects evolving consumer preferences for sustainable and nutritious choices. Notably, an August 2022 report from the government of Canada projected the global demand for total protein to reach 943.5 million metric tons by 2054. Hence, the escalating demand for protein-rich sustenance serves as a significant driver propelling the growth of the pulse ingredients market.

Strategic alliances and collaborative efforts emerge as a prominent trend gaining traction within the pulse ingredient market. Key market players are forging partnerships and collaborations to expand their market presence and harness mutual resources. For instance, in June 2022, Switzerland-based plant equipment manufacturer Bühler Group formed a partnership with Endeco, a German company specializing in starch and protein plants. This alliance aims to advance pulse processing capabilities, addressing the growing demand for alternative protein sources while delivering pulse processing solutions with significantly reduced CO2 emissions. Similarly, in June 2021, Bühler Group partnered with Hosokawa Alpine Group, a German machinery manufacturer. The collaboration targets the enhancement of manufacturing processes for healthier and more sustainable plant protein solutions, aiming to provide clients with an environmentally conscious pulse-to-protein supply chain.

Leading companies operating within the pulse ingredients market are innovating by developing novel pulse concentrates to gain a competitive advantage. For instance, in September 2021, US-based food company Ingredion Incorporated introduced a new range of high-performance pulse-based ingredients named Prista. This line comprises HOMECRAFT Prista P 101 pea flour, VITESSENCE Prista P 155 pea protein concentrate, and VITESSENCE Prista P 360 faba bean protein concentrate. Employing a deflavoring process, these concentrates effectively mitigate the off-flavors commonly associated with conventional dry-milled pulse ingredients, resulting in an improved sensory profile and reduced bitterness. Tailored for various applications, including instant and ready-to-eat products, these ultra-performance pulse concentrates offer advantages such as enhanced flavor, elevated protein content, and lowered microbial levels. Notably, these ingredients are labeled simply as 'pea flour,' 'pea protein,' or 'faba bean protein,' guaranteeing non-GMO status and the absence of regulated allergens such as gluten and soy.

In December 2021, Royal DSM, a Netherlands-based multinational enterprise specializing in nutrition, health, and sustainable solutions, completed the acquisition of Vestkorn Milling for $64.9 million (€65m). This strategic acquisition marks a pivotal step for DSM in establishing a foothold in the alternative protein market and aligns synergistically with its groundbreaking CanolaPRO rapeseed protein isolate. Vestkorn stands as the premier European producer of ingredients sourced from peas and beans. This acquisition is anticipated to enhance DSM's capabilities and offerings within the alternative protein sector significantly.

Major companies operating in the pulse ingredients market report are 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., DeLaval International AB, GEA Group Aktiengesellschaft, BouMatic LLC, Best Cooking Pulses Inc., Blue Ribbon LLC, Bühler AG, Cargill Inc., Diefenbaker Spice & Pulse, Puris Proteins LLC, ETG Commodities Inc., Gavilon Group LLC, JBS USA Holdings Inc., 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.

Asia-Pacific was the largest region in the pulse ingredients market share in 2023. The regions covered in the pulse ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the pulse ingredients market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

These pulse ingredients manifest primarily in four forms are pulse flour, pulse starch, pulse protein, and pulse fibers and grits. Pulse flour, a finely textured powder, finds extensive application in various baked goods such as bread, pie crusts, waffles, tortillas, pizza dough, and homemade crackers. It's sourced by grinding or milling whole pulses, ensuring no removal of any constituent during this process. The key pulse varieties utilized include lentils, peas, chickpeas, beans, and others, employed across food and beverage production, feed formulations, and various other sectors.

This report provides pulse ingredients market statistics, including pulse ingredients industry global market size, regional shares, competitors with a pulse ingredients market share, detailed pulse ingredients market segments, market trends and opportunities, and any further data you may need to thrive in the pulse ingredients industry. This pulse ingredients market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The pulse ingredients market consists of sales of pigeon peas, dry beans, bambara beans, vetches, and lupins. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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