Pulses come in different type of colours, sizes and shapes and can be consumed in many forms like whole or split, ground into flours, or separated into fractions such as fiber, protein and starch. Pulses are widely used in processed foods such as bakery products, pasta, bread, soups, cereal bar filling and snack foods. During 2018-2022, the global pulses market grew at a CAGR of around 5%. In the forecast period of 2023-2028, the market is projected to witness moderate growth.
This report by Expert Market Research entitled “Global Pulses Market Report and Forecast 2023-2028” provides a comprehensive analysis for anyone who plans to foray into the pulses market. Historical industry trends for the global pulses market have been provided from 2018-2022 and forecasts have been presented till 2028.
The value chain analysis of the pulses industry has also been covered in this report encompassing all the activities in the value chain such as input suppliers, producers, collectors, processors/exporters, wholesalers, and retailers. Furthermore, the study assesses the pulses market based on Porter’s five forces model, which evaluates the level of competition in the market by analyzing factors such as the bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the pulses industry has also been provided.
This report provides an exhaustive insight into setting up and running a pulses processing plant. Factors such as land requirement, construction requirement, raw material requirement, labor requirement, machinery requirement, processing, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.
Pulses, like whole pulses, broken pulses, pulse flora and pulse fractions, like protein, starch as well as fiber can be separated into different formations. In industries including meat and snack food, bakers and drinks and battery and bread meals and fractions are used in different ways. The manufacturing of ready-to-eat (RTE) food products is now progressively using pulses. Thanks to rapid urbanization, shifting lifestyles and hectic working hours, the working population has become familiar with healthy foods. The difference between the demand for and supply of pulses is increasing with the global population increase. The governments of pulse-producing countries are helping farmers to reduce this gap and are also boosting pulses market growth. As pulse is linked to numerous medical benefits, health-conscious consumers increasingly include pulse dishes in their daily diets, which in turn stimulate the growth of the global pulses market.
The report analyses the following key players in the global pulses market, looking into their capacity, competitive landscape, and latest developments like mergers and acquisitions, expansions of capacity, and plant turnarounds:
In order to prepare this research report, Expert Market Research conducted face-to-face and telephonic interviews with numerous industry participants in the industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complemented by extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry-specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.
The global pulses market grew at a CAGR of 5% in the historical period of 2018 and 2022, driven by the growing demand from the end-use sectors and the rise of the food industry. It is expected to witness further moderate growth in the forecast period of 2023 and 2028. The industry is projected to be driven by the rising awareness among consumers about the health benefits of the products and growing government initiatives seeking to increase the production of the product.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of types, the global pulses market can be divided into chickpeas, kappa peas, lentils, pigeon peas, fava beans, black gram and mung beans, among others. Based on the end-use sectors, the industry is divided into households, Food services (HoReCa), among others. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific leading the market. The key players in the above industry include Adani Group and ADM, among others.
EMR’s research methodology uses a combination of
cutting-edge analytical tools and the expertise of their highly accomplished
team, thus, providing their customers with market insights that are accurate, and actionable, and help them remain ahead of their competition.