Global Pulses Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Pulses Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Pulses are the edible seeds of plants in the legume family. Pulses grow in pods and come in a variety of shapes, sizes and colors. The United Nations Food and Agriculture Organization (FAO) recognizes 11 types of pulses: dry beans, dry broad beans, dry peas, chickpeas, cow peas, pigeon peas, lentils, Bambara beans, vetches, lupins and pulses NES (not elsewhere specified – minor pulses that don’t fall into one of the other categories).

Market Overview:

The latest research study on the global Pulses market finds that the global Pulses market reached a value of USD 66356.17 million in 2022. It’s expected that the market will achieve USD 91701.84 million by 2028, exhibiting a CAGR of 5.54% during the forecast period.

The outbreak of COVID-19 has also caused a certain impact on the pulses industry. First, the short-term imbalance between supply and demand of pulses. At the beginning of the epidemic, logistics was blocked, which caused difficulties in the circulation of pulses. Pulses cannot be shipped from the production area, and prices in the sales area are rising rapidly, causing short-term supply and demand imbalance. Second, the demand for pulses has fallen. The epidemic has hit the catering industry around the world. Due to the decrease in gatherings and dining out, it has directly led to a decline in catering industry consumption. Reduced consumption in the catering industry has suppressed the demand for pulses. Third, imports and exports are suppressed. Especially after the global epidemic broke out, pulses import and export trade have been greatly affected.

Increasing health consciousness among consumers as well as the growth of the vegan population is driving the pulses market

On a global scale, the legume market may see significant growth due to consumers' increasing preference for healthy and nutritious foods. With the improvement of living standards and the acceleration of the pace of life, modern people’s needs for food have begun to develop in the direction of nutrition, health, safety, deliciousness, and convenience. Pulses products have essential calcium, phosphorus, iron and other minerals required by the human body. Substance, and contains vitamin B1, B2 and cellulose. In addition, with the increasing demand for cholesterol-free and low-fat food ingredients, this is also the main factor driving the growth of the pulse market.

Region Overview:

From 2022-2027, Asia Pacific is estimated to witness robust growth prospects

Company Overview

AGT Food and Ingredients is one of the major players operating in the Pulses market, holding a share of 2.48% in 2022.

AGT Food and Ingredients

AGT Food and Ingredients Inc. supplies agricultural products. The Company offers pulses, specialty crops, staple food, pasta, bulgur, rice, and food ingredients for domestic and export markets. AGT Food and Ingredients serves customers worldwide.

Archer Daniels Midland Company

ADM unlock the power of nature to provide access to nutrition worldwide. With industry-advancing innovations, a complete portfolio of ingredients and solutions to meet any taste, and a commitment to sustainability, ADM give customers an edge in solving the nutritional challenges of today and tomorrow. ADM is a global leader in human and animal nutrition and the world’s premier agricultural origination and processing company.

Segmentation Overview:

Among different product types, Beans (Including Broad Beans & Faba Beans) segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Soups segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Pulses market covered in Chapter 3:

NHC Foods Limited
The Scoular Company
BroadGrain Commodities Inc.
Goya Food Inc
AGT Food and Ingredients
Archer Daniels Midland Company
Globeways Canada, Inc.
Louis Dreyfus
Adani Wilmar Limited

In Chapter 4 and Chapter 14.2, on the basis of types, the Pulses market from 2018 to 2029 is primarily split into:

Beans (Including Broad Beans & Faba Beans)
Pulses NES

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Pulses market from 2018 to 2029 covers:

Bakery Products
Snack Foods
Cereal Bars

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Chapter 1 Market Definition and Statistical Scope
Chapter 2 Research Findings and Conclusion
Chapter 3 Key Companies’ Profile
Chapter 4 Global Pulses Market Segmented by Type
Chapter 5 Global Pulses Market Segmented by Downstream Industry
Chapter 6 Pulses Industry Chain Analysis
Chapter 7 The Development and Dynamics of Pulses Market
Chapter 8 Global Pulses Market Segmented by Geography
Chapter 9 North America
Chapter 10 Europe
Chapter 11 Asia Pacific
Chapter 12 Latin America
Chapter 13 Middle East & Africa
Chapter 14 Global Pulses Market Forecast by Geography, Type, and Downstream Industry 2023-2029
Chapter 15 Appendix

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