How big is the pulses market?
The global pulses market size reached US$ 91.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 118.9 Billion by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.
What are Pulses?
Pulses are considered a superfood, owing to the presence of high levels of dietary fiber, vitamins, minerals, phytochemicals, and complex carbohydrates. Apart from the nutritional benefits, these crops also aid in improving digestion, reducing blood glucose, minimizing inflammation, lowering blood cholesterol, and preventing chronic health issues, such as diabetes, heart disease, obesity, etc. However, their consumption differs from region to region depending on dietary patterns, availability, and prevailing conditions.
The rising utilization of the product, as it can be processed into numerous forms, including whole pulses, split pulses, pulse flours, and pulse fractions, such as protein, starch, fiber, etc., is among the key factors stimulating the pulses market. Moreover, the increasing usage of flour and fractions across several sectors, including meat and snack food, bakery and beverage, and batter and breading, is acting as another significant growth-inducing factor. Besides this, the widespread adoption of pulses in ready-to-eat (RTE) food products is positively influencing the global market. Furthermore, the escalating demand for healthy snack foods amongst the working population, on account of the growing urbanization levels, secondary lifestyles, and hectic work schedules, is also propelling the market growth. Apart from this, the launch of favorable policies by government bodies for reducing the supply and demand gap caused, owing to the expanding population, is further fueling the global market. Additionally, the increasing consciousness among consumers toward various health benefits associated with using leguminous crops is anticipated to fuel the pulses market over the forecasted period.
The report has segmented the pulses market on the basis of type, end-use and region.
Breakup by Type:
• Chick Peas
• Kaspa Peas
• Lentils
• Pigeon Peas
• Fava Beans
• Black Gram
• Mung Beans
• Others
Breakup by End-Use:
• Home Use
• Snack Food Industry
• Flour Industry
• Others
Regional Insights:
• India
• Canada
• Myanmar
• China
• Brazil
• Others
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