Pulses Market Size, Global Industry Overview, Analysis and Forecast 2024-2032

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Pulses Market Size, Global Industry Overview, Analysis and Forecast 2024-2032
The pulses market is expected to reach USD 134.8 Billion by 2032, exhibiting a growth rate (CAGR) of 3.6% during 2024-2032.

Summary:

  • The global pulses market size reached USD 96.3 Billion in 2023.
  • The pulses market size is expected to reach USD 134.8 Billion by 2032, exhibiting a growth rate (CAGR) of 3.6% during 2024-2032.
  • India leads the market, accounting for the largest pulses market share due to its high domestic consumption.
  • Kaspa peas account for the majority of the market share in the type segment owing to their widespread use in processed food.
  • Home use holds the largest share in the pulses industry as pulses are staple in household diets.
  • The rising health awareness globally is a primary driver of the pulses market.
  • The ongoing shift towards plant-based diets and increasing focus on sustainability are reshaping the pulses market.

 

Industry Trends and Drivers:

  • Growing Health Awareness:

 

The increasing awareness of health and nutrition among consumers is significantly driving the demand for pulses worldwide. As more people become conscious of their dietary choices, there is a growing shift toward foods that offer high nutritional value without compromising on health benefits. Pulses, such as lentils, chickpeas, and black beans, are rich in essential nutrients like proteins, fiber, vitamins, and minerals. They are low in fat and cholesterol-free, making them an ideal choice for individuals aiming to maintain heart health, control weight, and improve digestive functions. Furthermore, pulses are known for their ability to stabilize blood sugar levels, which is particularly beneficial for individuals with diabetes. The rising cases of lifestyle-related diseases like obesity, cardiovascular disorders, and diabetes are pushing consumers to adopt healthier eating habits, with pulses emerging as a favored component in daily diets.

  • Ongoing Shift Towards Plant-Based Diets:

 

The global movement toward plant-based diets is one of the primary factors boosting the growth of the pulses market. With more consumers opting to reduce or eliminate their consumption of animal products, plant-based foods like pulses have become a staple source of protein and other nutrients. Veganism, vegetarianism, and flexitarianism are on the rise, driven by ethical, environmental, and health considerations. Pulses provide an affordable, sustainable, and versatile source of protein that can easily replace animal-based proteins. Their adaptability in various cuisines and their role in creating meat substitutes has made them indispensable to plant-based diets. This shift is further encouraged by influencers, health professionals, and celebrities advocating for plant-forward lifestyles.

  • Sustainability and Climate Resilience:

 

Sustainability is another critical factor driving the growth of the pulses market. As environmental concerns become more pressing, consumers and producers are looking for food sources that have a lower environmental impact. Pulses are highly sustainable crops, as they require less water than many other agricultural products and improve soil health through nitrogen fixation. This ability to naturally fertilize the soil reduces the need for chemical fertilizers, making pulses an eco-friendly choice for farmers. Additionally, pulses have a relatively low carbon footprint compared to animal-based protein sources, making them a crucial component in strategies to combat climate change. As water scarcity and unpredictable weather patterns affect global agriculture, pulses stand out as a resilient crop that can thrive in various climates.

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Pulses Market Report Segmentation:

Breakup By Type:

  • Chick Peas
  • Kaspa Peas
  • Lentils
  • Pigeon Peas
  • Fava Beans
  • Black Gram
  • Mung Beans
  • Others

 

Kaspa peas account for the majority of shares due to their widespread use in processed food products and animal feed.

Breakup By End Use:

  • Home use
  • Snack Food Industry
  • Flour Industry

 

Home use dominates the market as pulses are a staple in household diets, especially for protein-rich meals.

Breakup By Country:

  • India
  • Canada
  • Myanmar
  • China
  • Brazil
  • Others

 

India holds the leading position owing to high domestic consumption and the country’s reliance on pulses as a major source of protein.

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Top Pulses Market Leaders:

The pulses market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies.

Some of the key players in the market are:

  • Adani Wilmar Limited.
  • Globeways Canada, Inc.
  • BroadGrain Commodities Inc.
  • NHC Adani Foods Limited
  • AGT Food and Ingredients
  • Louis Dreyfus
  • Goya Food Inc.

 

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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