The Pulses Industry sales study offers a comprehensive analysis on diverse features including production capacities, Pulses demand, product developments, sales revenue generation and Pulses market outlook across the globe.
market research report by Fact.MR, (Leading business and competitive intelligence provider) on global Pulses market sales initiates with an outlook of the market, followed by the scrutiny of the demand and consumption volumes and share and size of various end-use segments
As per the statistics, the production volume of pulses worldwide has increased continuously from 2010 to 2021. About 88.97 million metric tons of pulses were produced across the globe. These facts signify in the forecast period this market is expected to gain an upward trajectory.
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The readability score of the Pulses market demand report is good as it offers chapter-wise layout with each section divided into a smaller sections.
The report encompasses graphs and tables to show the entire assembling. Pictorial demonstration of the definite and estimated values of key segments is visually appealing to readers.
This Pulses market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Pulses along with key stakeholders as well as emerging players associated with the manufacturing of product.
The Key trends Analysis of Extended Pulses market also provides dynamics that are responsible for influencing the future sales and demand of over the forecast period.
“Passing trend of plant-based food to intensify demand”
Growing demand opens market opportunities while it also comes with responsibility for manufacturers to maintain high quality and maintain transparency in the supply chain. The penetrating trend of vegan products is anticipated to give a boost to pulse demand. The market demand for pulses, nuts, soy, field peas, and quinoa is expected to gain a push to satisfy consumers of vegan products. Businesses should focus on these trends for the following reasons-
- Firstly, the plant-based segment is expected to gain attention across the world, especially in Europe. Germany is a most lucrative innovative vegan market for manufacturers to participate in. In 2018 the United Kingdom acknowledged “Veganism” as the biggest trend.
- Secondly, a plant-based based diet is opted for by many consumers which will further stimulate innovation and cultivation of grains, and pulses that are high in protein.
Globally this market is expected to gain momentum and increase the brands in competition. The companies working on ecological sustainability and Carbon footprint will likely to gain attention and a competitive edge. The key players in this market are-
- Adani Wilmar Limited
- Cargill Inc.
- The Kraft Heinz Company
- Archer Daniels Midland Company
- NHC Foods Limited
- Ingredion Incorporated
- AGT Food and Ingredients
- Globeways Canada, Inc.
- BroadGrain Commodities Inc.
- ILTA Grain Inc.
- Prime Seeds International Inc.
- The Scoular Company.
Regional Insights
Asia- Pacific region leads the global pulse production. India in this region is the second leading contributor with about 960 thousand tons in comparison with Bhutan as the first country. While the Asian region is also the biggest consumer of pulses. India is also the largest exporter of pulses globally. Favorable climate conditions in the region favor crop production.
However, as a result of the rising demand for gluten-free food in the United states, the North American markets are anticipated to gain a major share in the upcoming period. The processed food industry in this region is widely spread where pulse flour is used.
Overall the pulse market is likely to gain an upward trajectory in the developing nation’s market owing to increase chances of consumer shifting their diet preferences to healthier and vegan products.
Segmentation
- On the basis of nature :
- Organic Pulses Market
- Conventional Pulses Market
- On the basis of types :
- Chickpeas
- Pigeon Pea
- Cowpea
- Urad Bean/Black Lentil
- Red Kidney Bean
- Green Gram
- Red Lentil
- Others
- On the basis of end users :
- Bakery Products
- Pasta
- Snack Foods
- Soups
- Cereal Bars
- Tortillas
- Meat
- On the basis of distribution channel :
- Hypermarkets
- Supermarkets
- Convenience Stores
- Specialty Retail Stores
- Online Retailers
- On the basis of the Region :
- North America
- Latin America
- Europe
- CIS & Russia
- Japan
- APEJ
- The Middle East & Africa
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