Between 2023 and 2033, the pulse ingredient market in Western Europe is predicted to experience a remarkable ascent, reaching a staggering US$ 6.4 billion, driven by a robust 5.4% CAGR.
The surge in demand for plant-based diets and clean-label ingredients fuels the growth of pulse ingredients. Rising health awareness, coupled with a preference for non-GMO options, propels the industry forward, fostering a 5.4% CAGR.
Key Growth Enablers:
- Increasing per capita consumption of pulses due to their rich protein, iron, and vitamin content.
- Fusion of pulse ingredients with popular food products like energy bars and biscuits.
- Flourishing demand for clean-label and gluten-free products.
- Technological advancements in food processing supporting industry growth.
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Comparative View of Global Markets:
- Western Europe: 5.4% CAGR, Industry Size: US$ 6,439.45 million (2033)
- Japan: 6.6% CAGR, Industry Size: US$ 769.04 million (2033)
- Korea: 7.7% CAGR, Industry Size: US$ 574.74 million (2033)
Industry Insights:
- Dominance of Flour Segment: Flour holds a commanding 54% market share in 2023, offering versatility in various food products.
- Peas Lead the Way: Peas emerge with a 55.5% industry share in 2023, driven by sustainability and popularity in diverse culinary applications.
Country-wise Outlook:
- Netherlands: CAGR of 8.4%, witnessing lucrative potential with influential pulse ingredient manufacturers.
- United Kingdom: CAGR of 5.1%, driven by growing preference for plant-based proteins.
- France: CAGR of 4.2%, fueled by health-conscious consumers embracing plant-based alternatives.
- Italy: CAGR of 3.5%, expanding steadily due to the inclination toward Mediterranean diets.
- Germany: CAGR of 2.8%, responding to rising demand for sustainable and high-protein food options.
Competitive Landscape: Leading players such as Archer Daniels Midland, Ingredion, and Roquette Frères are expanding geographically, collaborating strategically, and innovating with new products. Rising consumer awareness and focus on environmentally friendly practices drive industry expansion.
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Key Advancements:
- ADM’s Commitment: ADM commits US$ 300 million to alternative proteins, expanding global reach and establishing a Protein Innovation Center.
- Roquette’s Innovation: Roquette introduces NUTRALYS, an organic textured protein line made from peas and fava, strengthening its position in the plant-based protein industry.
- Strategic Acquisitions: ADM acquires Sojaprotein, and Ingredion assumes control of James Cameron and Suzy Amis Cameron, enhancing their positions in the plant-based industry.
Key Takeaways:
- Rising health awareness and clean-label trends drive a robust 5.4% CAGR in the pulse ingredient market in Western Europe.
- Flour and peas dominate the market, offering versatility and sustainability, respectively.
- The Netherlands, with an 8.4% CAGR, emerges as a lucrative hub for influential pulse ingredient manufacturers.
- Industry leaders focus on geographical expansion, strategic collaborations, and innovative product offerings.
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Key Segments
By Source:
- Lentil
- Peas
- Chickpeas
- Beans
By Product Type:
- Flour
- Starch
- Protein
- Fiber and Grits
By Application:
- Bakery
- Confectionery
- Sauces
- Dairy and Ice-cream
- Spreads and Toppings
- Others (Ready to Eat Meals, Baby Food, and Snacks)
By Country:
- United Kingdom
- Germany
- France
- Italy
- Spain
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