The global pulses market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the global pulses market to reach a volume of 148.5 Million Tons by 2026, exhibiting moderate growth during the forecast period (2021-2026). Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
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.
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 2021-2026. 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.
The global pulses market size to reach a volume of 148.5 Million Tons by 2026.
According to the estimates by IMARC Group, the global pulses market is expected to moderate growth during 2021-2026.
The growing awareness towards numerous health benefits associated with pulses, along with the increasing usage of pulses in the ready-to-eat food products represent some of the key drivers for the global pulses market.
The rising trend of veganism has encouraged consumers to replace animal protein with plant-based sources, such as pulses, representing one of the key trends in the global pulses market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of lockdown regulations across several nations resulting in temporary closure of numerous pulse processing units and supply chain disruptions for pulses and pulses-related products.
On the basis of the type, the market has been bifurcated into chickpeas, kaspa peas, lentils, pigeon peas, fava beans, black gram, mung beans, and others. Currently, chickpeas exhibit a clear dominance in the market.
On the basis of the end-use, the market has been divided into home use, snack food industry and flour industry. Among these, home use represents the largest segment.
Region-wise, the market has been classified into India, Canada, Myanmar, China and Brazil, where India dominates the global market.
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