The global pulse ingredients market is on an upward trajectory, with an estimated value of USD 20.7 billion in 2022. Projections indicate that it will further surge to USD 25.9 billion by 2027, boasting a noteworthy compound annual growth rate (CAGR) of 4.6% throughout the forecast period. Pulse ingredients, derived from peas, lentils, and chickpeas without the use of processing aids or chemical compounds, have emerged as natural, food-grade products that augment the nutritional profile of various foods while preserving their flavor, aroma, and color properties. These ingredients play a pivotal role in the formulation of food and feed products, including pet foods and aquaculture feeds.
Chickpeas, also known as garbanzo beans, stand out as a significant source of proteins, vitamins, minerals, carbohydrates, and dietary fiber. According to the Food and Agriculture Organization (FAO), India held the distinction of being the largest producer of chickpeas in 2019, contributing to approximately 70% of the global supply. In South Asia, chickpeas rank as the third most cultivated legume after beans and peas. Desi and Kabuli are the two primary varieties of chickpeas, with Kabuli primarily grown in West Asia and the Mediterranean region, while the desi type is cultivated in the Indian subcontinent. The increased consumption of chickpeas, coupled with their diverse applications in the food and beverage industry, is expected to drive significant growth in this segment.
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The Asia Pacific region, encompassing countries such as India, China, Australia, New Zealand, and Japan, plays a pivotal role in the global pulse production landscape. In 2018, this region accounted for 49% of global pulse production, with India alone contributing a substantial 57% to the total production. India stands as one of the leading pulse producers and consumers globally, with prominent pulse crops including chickpeas, peas, green gram, black gram, and lentils. The region’s growth is underpinned by factors such as population growth, increasing disposable income, and heightened consumer interest in functional ingredients, all of which are poised to bolster sales within the pulse ingredients market.
Key industry players driving innovation and growth in this market include ADM (US), Roquette Frères (France), Ingredion (US), The Scoular Company (US), Axiom Foods, Inc. (US), PURIS (US), Emsland Group (Germany), AGT Food and Ingredients (Canada), Batory Foods (US), Vestkron Milling M/S (Norway), and Dakota Ingredients (US).
In this blog, we’ll delve deeper into the dynamics and factors influencing the global pulse ingredients market’s expansion and explore the regional nuances that contribute to its robust growth.
Trends & Forecast on Agricultural and Food Industry 