NEWARK, Del, Oct. 24, 2022 (GLOBE NEWSWIRE) -- As per FMI, the global pulse products market size is valued at US$ 1,28,023.8 Mn in 2022 and is expected to grow to US$ 1,95,044.6 Mn by 2032, with overall sales likely to rise at 4.3% CAGR throughout the forecast period.
Growing health awareness among people and growing demand for nutritious plant-based products are driving the global pulse products market.
Plant-based products are both healthier and safer than animal-based products. The pulse products market is being driven by the growing popularity of veganism around the world and increasing applications of pulse products in bakeries, snacks, beverages, and pet food.
Pulse products are linked to a number of health benefits. Some of these health benefits include improved heart health, lower blood pressure, and reduced cholesterol levels. Additionally, pulse products have also been linked to a decreased risk of developing certain types of cancer, which has led to a growing consumer preference for these products. This will continue to boost pulse products market during the forecast period.
Request a Sample Copy of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-15712
Another factor driving the sales of pulse products is the growing demand for vegan and gluten-free foods. Pulse products have become great choices for people with dietary restrictions or allergies as they are low in carbs and calories. Pulse products are also non-GMO and made with organic ingredients. This appeals to consumers who are looking for healthy, natural products.
Key Takeaways:
- Based on product, dry peas segment is expected to account for a significant value share of over 13% in the global pulse products market in 2022.
- By type, the pulse protein segment is likely to grow at a higher pace during the forecast period.
- North America is projected to hold a revenue share of around 34.4% in the global pulse products market during the forecast period.
- The India pulse products market is anticipated to expand at around 5.4% CAGR between 2022 and 2032.
- The pulse products market in the U.K. is expected to grow at a steady CAGR of 4.6% during the projected period.
- The U.S. pulse products market is expected to reach a valuation of US$ 34 Bn in 2022.
“Rising demand for healthy and nutritional products by consumers is projected to boost the pulse products market during the projected period. Besides this, growing applications in pet food will further propel the demand for pulse products over the next ten years,” says a lead analyst at Future Market Insights.
Rising Usage in Food Products Boosting Pulse Products Market
Companies are using pulse products in their food products because they are a healthier option than some other types of food. For example, pulse flour is lower in calories and has more nutrients than other types of flour.
Pulse products are used by companies like Avena Foods to create functional foods and supplements. The products come in many forms, including powders, granules, and tablets. They can be used to create healthy snacks or meals, and they are also popular among athletes and those looking to maintain a healthy weight.
Competitive landscape:
Top 5 manufacturers of pulse products include Roquette, Vestkorn, Purisfoods, Avena Foods and ADM, together holding around 20% to 30% Pulse products market share. These companies are adopting various organic and inorganic strategies such as new product launches, mergers, acquisitions, collaborations, partnerships, price reduction, and strengthening of distribution channels to improve their revenue share as well as expand their global footprint.
Read the full Report @ https://www.futuremarketinsights.com/reports/pulse-products-market
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of Pulse products presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
The study provides valuable insight on the pulse products market based on by Product (Chick Peas, Kaspa Peas, Lentils, Pigeon Peas, Fava Beans, Black Gram, Beans, Lentils, Dry Peas, Mung Beans, Other), By Type (Pulse Fiber, Pulse Grits Pulse Starches, Pulse Protein, Pulse Flour), By Application (Bakery, Beverages, Extruded Snacks, Pet Food, Others), By End Use (Home use, Snack Food Industry, Flour Industry, Others)
Pulse Products Market by Category
By Product:
- Chick Peas
- Kaspa Peas
- Lentils
- Pigeon Peas
- Fava Beans
- Black Gram
- Beans
- Dry Peas
- Mung Beans
- Other
By Type:
- Pulse Fiber
- Pulse Grits
- Pulse Starches
- Pulse Protein
- Pulse Flour
By Application:
- Bakery
- Beverages
- Extruded Snacks
- Pet Food
- Others
By End User:
- Home Use
- Snack Food Industry
- Flour Industry
- Others
For More Information or Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-15712
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Product launches & Recent Developments
3.4. Product Life Cycle Analysis
3.5. Value Chain Analysis
Get Detailed TOC@ https://www.futuremarketinsights.com/toc/rep-gb-15712
Explore FMI’s Extensive Coverage on Food and Beverage Domain
Pulse Ingredients Market Trends: Newly released data from pulse ingredient market analysis by Future Market Insights shows that the global market size is estimated to be USD 27 Billion by 2032.
Pulse Flours Market Analysis: Global demand for Pulse Flours is forecasted to enjoy a valuation of US$ 18,907.34 Million in the year 2022, and further expand at a CAGR rate of 10.7% to reach a valuation of US$ 52,252.44 Million by the year 2032.
Vegan Drink Mixes Market Size: During the projected period (2022-2032), the global vegan drink mixes market is expected to grow at a CAGR of 6.1%. The market is projected to be valued at US$ 12,145.5 Mn in 2022 and reach a valuation of US$ 21,956.8 Mn by the end of 2032.
Premixed Cocktail Shots Market Share: Global premixed cocktail shots market demand is anticipated to be valued at US$ 3,708 Million in 2022, forecast a CAGR of 6.1 % to be valued at US$ 6,716 Million from 2022 to 2032.
Plant Based Iron Supplements Market Demand: The plant based iron supplements market is projected to be valued at US$ 208.5 Mn in 2022 and is anticipated to reach US$ 352.9 Mn by 2032.
ABOUT FUTURE MARKET INSIGHTS, INC.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
