Pulse Protein Market - Global Industry Analysis, Growth, Key Trends, Regional Assessment and Forecast 2019 - 2029

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Pulse Protein Market - Global Industry Analysis, Growth, Key Trends, Regional Assessment and Forecast 2019 - 2029

Status : February, 2023 | Food and Beverages

Report Digest

Pulse Protein Market: Overview

Rapid rise in awareness of the significance of protein rich diet is predicted to mark notable growth in the pulse protein market over the 2019-2029 forecast period. High nutrient content in pulses, mainly protein is a key factor behind its increasing consumption for nutrition. Further, pulses have lower prices as compared to other sources of protein, which make them affordable by most economic classes.

Key parameters based on which the pulse proteins market is divided are source, end use, application, distribution channel, and region. Key segments of the pulse protein market based on source are beans, lentils, peas, and others.

The report on pulse protein market brings forth valuable information to serve as an all-important tool for the said market for the 2019 – 2029 forecast period. Demand drivers, growth opportunities, and competitive outlook of the pulse protein market are some aspects that are discussed at length in this report.

Pulse Protein Market: Competitive Landscape

The pulse protein market is highly fragmented with the presence of a large number of local and key players. Integration of modern technologies and automated processes is what key players in the pulse protein market are striving for to consolidate their foothold.

Prominent players in the pulse protein market include Ingredion Incorporated, Axiom Foods Inc., Bob’s Red Mill Natural Foods, Farbest Brands, Kerry Inc., Cargill Incorporated, NOW Health Group Inc., and MORRE-TEC Industries Inc.

Pulse Protein Market: Key Trends

Abundant availability and high protein value of pulses is a key factor behind booming pulse protein market. Low cost of production of pulses and long shelf life makes them preferred among farmers for cultivation of the crop.

Besides this, due to the continuous rise in demand for pulse protein from the food and beverages sector, rising production of pulse protein is opening new opportunities in the pulse protein market. To tap into these opportunities, even large meat producing companies are venturing into the production of pulse protein. For example, U.S. based Tyson Foods Inc., a giant meat processing company, is investing in U.S. based Beyond Meat Inc., which is a leading company for plant-protein based food products.

Moreover, high prevalence of food allergies is driving demand for clean label food products. Pulse protein is suitable as it is free from allergens such as chemical additive and gluten.

However, on the downside, low penetration of pulse protein in developing and underdeveloped countries and low consumer awareness of significance of protein for health benefits is slowing the growth of pulse protein market in these regions.

Pulse Protein Market: Regional Assessment

Europe holds large share in the pulse protein market and is expected to continue to do so in the forthcoming years. Abundant production of various types of pulses along with their high consumption makes Europe a leading region in the pulse protein market.

North America is another key region in the pulse protein market. This is mainly because of high consumption of pulses for their protein content and high nutritional value in the region.

Asia Pacific is anticipated to witness substantial growth in the pulse protein market in the years ahead. Rapid rise in awareness of significance of protein-rich diet and customary consumption of pulses as part of traditional diets in several parts of the region fuel pulse protein market in the region. Further, increasing shift to plant-based protein for their health benefits is likely to bolster the pulse protein market in the region.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?