The global pulses market grew at a CAGR of 6% during 2014-2019. Pulses are considered as a superfood owing to the presence of high levels of dietary fiber, vitamins, minerals, phytochemicals and complex carbohydrates. Apart from the nutritional benefits, pulses also assist in improving digestion, reducing blood glucose, minimizing inflammation, lowering blood cholesterol, and preventing chronic health issues such as diabetes, heart diseases and obesity. However, their consumption differs from region to region depending on the dietary patterns, availability and prevailing conditions. Looking forward, IMARC Group expects the global pulses market to exhibit moderate growth during 2020-2025.
Global Pulses Market Drivers:
IMARC Group provides an analysis of the key trends in each sub-segment of the global pulses market report, along with forecasts for growth at the global, regional and country-level from 2020-2025. Our report has categorized the market based on region, type, and end-use.
Breakup by Type:
On the basis of type, the global pulses market has been segmented into chickpeas, kaspa peas, lentils, pigeon peas, fava beans, black gram, mung beans and others. Presently, chickpeas account for the majority of the market share as they offer health benefits such as increased supply of antioxidants, improved blood regulation and decreased cardiovascular risks.
Breakup by End-Use:
Based on end-use, the market has been segregated into home use, snack food industry and flour industry. The report finds that the home use currently accounts for the majority of the total global pulses consumption. This can be accredited to the rising population, improving living standards and the increasing trend of health consiousness among the consumers.
On a geographical front, India represents the leading producer of pulses, holding around one-fourth of the total global market. Several programs have been launched by the Government of India in order to increase the awareness regarding modern crop production technologies and provide financial assistance to farmers. India is followed by Canada, Myanmar, China and Brazil.
The competitive landscape of the global pulses market has also been examined with detailed profiles of the key players.
This report provides a deep insight into the global pulses market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a pulses processing plant. The study analyses the processing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the pulses industry in any manner.
Key Questions Answered in This Report:
The global pulses market reached 109.0 Million Tons in 2019.
The demand for pulses has remained intact during the outbreak of the coronavirus disease (COVID-19) as they are essential ingredients for the human diet and animal feed.
The global pulses market is expected to reach 143.7 Million Tons by 2025, growing at a CAGR of 4.50% during 2020-2025.
The growing awareness about the numerous health benefits associated with pulses represents the primary factor bolstering the market growth. The use of pulses in the ready-to-eat food products as a result of shifting dietary preferences, rapid urbanization, and hectic lifestyles is also contributing to the growth of the market.
The rising trend of veganism and vegetarianism on the global level has led to a gradual shift in the consumption patterns of the masses, which, in turn, encouraged consumers to replace animal protein with plant-based sources, such as pulses.
Based on the type, the market is categorized into chickpeas, kaspa peas, lentils, pigeon peas, fava beans, black gram, mung beans and others. At present, chickpeas represent the most popular type.
On the basis of the end use, the market has been classified into house use, snack food industry, flour industry and others. Amongst these, the home use segment accounts for the majority of the total market share.
Region-wise, India holds the leading position in the market. Other major regions are Canada, Myanmar, China and Brazil.
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