Global Pulses Market to Grow at 3.6% During 2024-2032, Impelled by Growing Adoption of Vegetarianism

July 17, 2020 | Food & Beverages

According to the latest report by IMARC Group, titled "Pulses Market Report by Type (Chick Peas, Kaspa Peas, Lentils, Pigeon Peas, Fava Beans, Black Gram, Mung Beans, and Others), End Use (Home Use, Snack Food Industry, Flour Industry), and Region 2024-2032," the global pulses market reached a value of US$ 96.3 Billion in 2023. Pulses refer to a class of leguminous crops that are widely used for the preparation of a variety of dishes. They are nitrogen-fixing crops that are essential in enhancing the environmental sustainability of annual cropping systems. Considered to be a superfood, they serve as a rich source of protein, fiber, minerals, vitamins, phytochemicals, complex carbohydrates and amino acids. As a result, their regular consumption is often associated with improving digestion, lowering cholesterol levels, controlling blood sugar levels and minimizing inflammation. They also aid in preventing the development of chronic health diseases, including diabetes and obesity, which is contributing to their widespread popularity.

Global Pulses Market Trends:

The market is primarily driven by the growing awareness about the numerous health benefits associated with the consumption of pulses. This has led individuals to incorporate these protein-packed foods in their regular diets, which is providing a thrust to the market growth. Along with this, pulses are processed to produce flour, which is further used for the manufacturing of ready-to-eat (RTE) food products. The escalating sales of RTE products, attributed to rapid urbanization, shifting dietary preferences and hectic lifestyle, especially led by working professionals, in turn, are creating a positive outlook for the market. Furthermore, there has been a gradual shift in the consumption patterns of the masses due to the rising trend of veganism and vegetarianism on the global level. These foods are not only low in fat and cholesterol but are also rich in proteins, which has led consumers to replace animal protein [S1] with pulses. The market is further driven by the numerous favorable initiatives undertaken by the governments of major pulses-producing countries. They are aiding the farmers in reducing the supply and demand gap, caused due to the global population explosion, by offering monetary benefits and investing in the improvement of crop yield. On account of the aforementioned factors, the market is expected to grow at a CAGR of 3.6% during 2024-2032.

Market Summary:

  • On the basis of the type, the market has been divided into chick peas, kaspa peas, lentils, pigeon peas, fava beans, black gram, mung beans and others. Among these, kaspa peas represent the most preferred type of pulses.
  • Based on the end-use, the market has been classified into home use, snack food industry and flour industry, wherein the home use segment accounts for the majority of the total market share.
  • On the geographical front, India holds the leading position in the market. Some of the other major regions include Canada, Myanmar, China and Brazil.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units Million Tons, US$ Billion
Segment Coverage Type, End-Use, Country
Countries Covered India, Canada, Myanmar, China, Brazil, Others
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Pulses Market to Grow at 3.6% During 2024-2032, Impelled by Growing Adoption of Vegetarianism
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