Pulses Market Report and Forecast 2024-2032

Global Pulses Market Report and Forecast 2024-2032

Market Outlook

According to the report, the global pulses market grew significantly in 2023. Aided by the sustained appeal for plant-based protein sources and the consistent expansion of the culinary domain across global cuisines are significantly pushing the market forward, the market is projected to further grow at a CAGR of 1.7% between 2024 and 2032.

Pulses, primarily comprising lentils, chickpeas, beans, and peas, are notable for being rich in protein, fibre, and vital vitamins, presenting themselves as indispensable elements in diverse dietary patterns worldwide. Their ability to enhance soil fertility through nitrogen fixation further promotes their cultivation, strengthening the symbiotic relationship between sustainable agriculture and nutrition.

The escalating inclination towards health and wellness is a prime factor boosting the pulses market growth. With the global community becoming increasingly conscious of the merits of a balanced diet, pulses have been identified as essential contributors, especially in regions where meat consumption might be restricted due to cultural or economic reasons. Their low-fat content coupled with high nutritional value presents them as ideal components for weight management and overall well-being.

Furthermore, the vast culinary versatility of pulses cannot be understated. From the hearty Indian dal and hummus from the Middle East to the savoury bean soups of Europe, pulses have carved a niche for themselves in global gastronomy. The proliferation of global travel and the consequent intermingling of culinary traditions have resulted in a heightened demand for diverse pulse-based dishes, further impacting the pulses market outlook.

The agro-industrial applications of pulses are another pillar bolstering their global demand. Starch derived from pulses is increasingly sought after in the food processing sector due to its functional properties, including gelling, thickening, and stabilising. Additionally, the rising vegan and vegetarian trends globally have shifted the focus towards pulse-based meat alternatives. This has resulted in the development and commercialisation of numerous pulse-based protein products, snacks, and meat substitutes.

As per the pulses market analysis, innovations in food technology are also paving the way for more refined pulse derivatives. Pulse flours, proteins, and starches are finding their way into baked goods, beverages, and even dairy alternatives, highlighting the ingredient's adaptability and immense potential.

Market Segmentation

The market can be divided based on type, end use, and region.

Market Breakup by Type

Chick Peas

Kaspa Peas

Lentils

Pigeon Peas

Fava Beans

Black Gram

Mung Beans 

Others

Market Breakup by End Use

Households

Food Services (HoReCa)

Others

Market Breakup by Region

North America

Europe

Asia Pacific

Latin America

Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global pulses market. Some of the major players explored in the report are as follows:

Adani Group

ADM

Others


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