Pulse Protein Market: Overview
Pulses are a subset of the legume family and have been eaten for a very long time. Pulses are very important in developing and underdeveloped countries because they fulfil the nutritional needs of an exponentially growing population. They contain high levels of protein, carbohydrates, vitamins, and minerals, have low levels of fat, and are also less expensive than most protein substitutes. Additionally, there is a growing trend among consumers to use alternative protein sources, which are less expensive and more wholesome than traditional protein sources like animal and dairy products. Pulses satisfy all of these criteria due to their high protein and nutritional value, wide availability, and comparably inexpensive production costs compared to their alternatives. As a result, pulse protein has gained more momentum in the market globally. Furthermore, current ingredient makers added pulse protein to their product portfolios and boosted the global pulse protein market in response to the ongoing rise in demand for the component from the food and beverage industry. Furthermore, Tyson Foods Inc., a U.S.-based firm, invested in U.S.-based Beyond Meat, Inc., a company that creates food items based on plant-based proteins, in order to take advantage of the business potential in the global market for plant-based proteins.
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The processing of goods for the food, beverage, and feed industries, among others, uses pulse proteins as a source of protein fibres, minerals, and other nutrients. Because pulse protein plants promote biodiversity and enhance soil quality, their use has grown. Wet processing and dry processing are the two extraction methods that can make pulse protein available to people. The market for pulse proteins is expanding as a result of the rising demand for goods that are free of gluten and allergens. The market for pulse proteins is growing slowly because of the high cost of organic pulse proteins. The market for pulse proteins is expanding as a result of the rise in the use of pulse protein in the nutraceutical sector.
Global Pulse Protein Market: Major Players
Glanbia
Ingredion
Batory Foods
DowDuPont
Roquette Freres
AGT Food and Ingredients
Archer Daniels Midland
Kerry
Global Pulse Protein Market: Types
Organic Pulse Protein
Conventional Pulse Protein
Global Pulse Protein Market: Applications
Food & Beverage
Dietary Supplements
Others
Market Dynamics:
Pulses pack a significant protein punch and offer a lot of versatility for other ingredients because they can contain up to 80% protein. Pulse protein has been highly processed to decrease oligosaccharides and provides improved flavour and mouth feel as well as digestive comfort. These qualities enable higher protein content in meals without altering their flavour, such as high-fiber, high-protein, low-calorie breads. Lysine-rich pulse proteins complement wheat protein beautifully because to their high-quality amino acid balance, while soy and whey protein sources fall short due to their more common allergy status. Pulse protein is the most widely consumed new plant protein worldwide because of these reasons. In addition, millennials are choosing to eat a balanced diet that is rich in nutritious foods as their concern for their health grows. Diet and nutrition need for consuming a significant amount of protein, and due to the high nutritional value of plant-based foods, most consumers favour them. Because of its high protein content and reputation for being additive-, hormone-, antibiotic-, and non-GMO-free, pulse protein is the go-to protein choice for health-conscious consumers all over the world. As a result, it is becoming more popular as the ideal diet component for health-conscious customers, supporting the expansion of the market for pulse proteins.
COVID-19 Impact:
There have been major supply-demand problems in the food business as a result of the new coronavirus outbreak and the lockdown limitations put in place. As a food ingredient, pulse protein has had a significant impact on trade logistics and distribution challenges. The demand for pulse proteins has declined globally as a result of the closure or reduced operations of the foodservice sector. Sales of processed food items such breakfast cereals, snacks, bakery and confectionary, and functional beverages surged during this time, making up for the downturn in the foodservice sector. Additionally, processed food items have been the main consumption market for pulse proteins, and this industry’s resilience to the pandemic is providing pulse proteins with a favourable growth outlook both during and after the pandemic.
Reasons to Purchase this Report:
• Understand the current market scenario and viability of global pulse protein over the forecast period
• Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
• Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market
• Visualize the composition of the global pulse protein market in terms of type, form, nature, extraction process and application to identify major players, growth potential, and market strategies
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Key Benefits for Stakeholders:
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
