According to the latest report by IMARC Group, titled "Canada Pulses Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the Canada pulses market exhibited stable growth during 2012-2019. Pulses, a type of leguminous crop, are one of the most extensively consumed foods across the world. These nitrogen-fixing crops are associated with enhancing the environmental sustainability of annual cropping systems. They are a good source of protein, fiber, vitamins and amino acids while being low in fats. Available in numerous shapes, sizes, colors and forms, their regular consumption is associated with lowering cholesterol levels, reducing weight and controlling blood sugar. Out of the eleven types of pulses grown worldwide as recognized by the United Nations Food and Agriculture Organization (FAO), four main kinds of pulses, namely dry peas, lentils, beans and chickpeas, are widely available in Canada, facilitated by favorable soil and 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 is primarily driven by the strong export scenario for pulses in Canada. A majority of the production in the country is exported to international markets, owing to the increasing demand for pulses from various countries, especially India and China. Although the market is highly vulnerable to the shifts in the Indian government policies regarding import tariffs on pulse crops, the Canadian pulse industry works closely with the government of Canada to seek resolutions for trade issues dealing with non-tariff trade barriers. Apart from this, the domestic market is also witnessing a major shift on account of the rising demand for plant-based proteins. Growing awareness about the numerous health benefits associated with their consumption and the shifting preference toward vegan and gluten-free food products has provided a boost to the sales of pulses in the country. In line with this, pulse flour is widely being used in the preparation of ready-to-eat (RTE) food products, which is providing an impetus to the market growth. Furthermore, announced in the Budget 2017, the Government of Canada under the Innovation Superclusters Initiative has heavily invested to create new opportunities and support innovation in the industry. On account of the aforementioned factors, the market is anticipated to reach grow steadily during the forecast period (2020-2025).
- 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 stores, 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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