According to the latest report by IMARC Group, titled "Canada Pulses Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the Canada pulses market is expected to exhibit a CAGR of 5.3% during 2022-2027. Pulses are a kind of leguminous crops that are rich sources of fiber, proteins, vitamins and amino acids. They are one of the most commonly consumed foods on the global level that are widely available in varied shapes, sizes, colors and forms. Their consumption is associated with reducing weight, controlling blood sugar levels and maintaining cholesterol levels in the human body. They are low in fats, due to which they are gaining widespread preference among the masses. As per the United Nations Food and Agriculture Organization (FAO), eleven types of pulses are grown worldwide. Among these, four main kinds of pulses, namely dry peas, lentils, beans and chickpeas, are widely available across Canada, which is facilitated by favorable soil and appropriate weather conditions in the country.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Canada Pulses Market Trends:
The market in Canada is majorly driven by the strong export scenario for pulses. Due to the rising demand for pulses from numerous countries, especially India and China, a majority of the pulse production in Canada is exported to these international markets. Moreover, the increasing demand for plant-based proteins from health-conscious individuals has led to significant growth in the domestic pulses market. This is supported by the growing awareness regarding the numerous health benefits offered by these food products, along with the shifting dietary preferences of the masses. Furthermore, the increasing adoption of vegan and gluten-free food products in the country and the easy product availability through online and offline organized retail channels are also acting as major growth-inducing factors. The market is also driven by the widespread deployment of the latest farm management technologies across the country. The Government of Canada, under the Innovation Superclusters Initiative, has also heavily invested to create numerous growth opportunities and support innovation in the industry. Some of the other factors contributing to the market growth include the rising popularity of international cuisines in Canada and the growing product demand for the preparation of multiple ready-to-eat (RTE) food products.
- On the basis of the type, the market has been divided into lentils, dry beans, dry peas, chickpeas and others. Among these, dry peas account for the majority of the total market share.
- Based on the end use, the market has been categorized into retail store, snack food industry, flour industry and others.
- On the basis of domestic consumption and exports, Canada is a net exporter of pulses, with the majority of its total production being exported across the globe.
- On the geographical front, the market has been segregated into Saskatchewan, Alberta, Manitoba, Ontario and Others.
- The competitive landscape of the market has been examined in the report with the detailed profiles of the key players operating in the market.
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