Pulse Protein Market - Global Industry Analysis, Growth, Key Trends, Regional Assessment and Forecast 2019 - 2029
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.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report