According to a new report, published by KBV research, The Global Pulse Ingredients Market size is expected to reach $26.2 billion by 2028, rising at a market growth of 4.9% CAGR during the forecast period.
The Pulse Protein market is exhibiting a CAGR of 5.2% during (2022 - 2028). The demand for pulse proteins has risen as a result of shifting sociodemographics and an expanding use of these proteins in a variety of foods and beverages. These elements would result in the development of current protein sources and other sustainable resources for direct human consumption to be more sustainably produced.
The Chickpeas market dominated the Global Pulse Ingredients Market by Source in 2021; thereby, achieving a market value of $8.7 billion by 2028. A rich source of vitamins, proteins, minerals, carbs, and dietary fibre is found in chickpeas or garbanzo beans. The Food and Agriculture Organization (FAO) reports that India was the world's top producer of chickpeas in 2019, accounting for roughly 70% of world supply.
The Feed market is estimated to witness a CAGR of 5.1% during (2022 - 2028). Owing to their nutritional composition, pulses are used by several pet food manufacturers to make pet food, particularly grain-free dog foods. This is in addition to their use in human cuisine. Since pulses are element in grain-free dog diets, researchers are looking into all of these foods' ingredients along with the full nutritive value of the dogs' food in an effort to identify the root of the problem. Although research is ongoing, no accidental mechanism has yet been found.
The Asia Pacific market dominated the Global Pulse Ingredients Market by Region in 2021; thereby, achieving a market value of $6.1 billion by 2028. The Europe market is poised to grow at a CAGR of 4.6% during (2022 - 2028). Additionally, The North America market would witness a CAGR of 4.7% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/pulse-ingredients-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Tetra Laval International S.A. (Delaval), GEA Group AG, Archer Daniels Midland Company , Ingredion, Incorporated, Batory Foods, Inc., Roquette Freres SA, The Scoular Company, Axiom Foods, Inc., Emsland Group and Dakota Dry Bean, Inc. (Dakota Ingredients).
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