Pulses Market to Reach USD 135.2 Billion by 2034, Driven by a 5.7% CAGR

The global pulses market, valued at USD 78.0 billion in 2024, is projected to reach USD 135.2 billion by 2034, expanding at a CAGR of 5.7% over the forecast period (2024–2034).

Pulses, a category of legumes that includes beans, lentils, peas, and chickpeas, are nutrient-dense, providing high protein, fiber, vitamins, and essential minerals. Their growing demand is fueled by increasing consumer preference for plant-based protein sources and their role in sustainable agriculture. Pulses also contribute to soil enrichment by naturally replenishing nitrogen levels, making them a crucial component of environmentally friendly farming practices.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐓𝐨𝐝𝐚𝐲! https://www.futuremarketinsights.com/report-sample#5245502d47422d3132363637

Growing urbanisation, higher disposable incomes, and a strong desire for nutritious ready-to-eat and processed meals are driving growth. Furthermore, the concentration of a huge population base in India and China is increasing demand for nutritious food, leading to an increase in overall pulse production.

Pulses help to lower cholesterol and triglyceride levels in the human body. As a result, they are frequently consumed worldwide. In the short term, the coronavirus pandemic was predicted to create a minor delay. Despite a little slowdown caused by COVID-19, economic expectations remain generally optimistic.

As concerns over excessive meat consumption on human health dawn on consumers, they are seeking healthier alternatives. Resultantly, the market for pulses is witnessing a notable upsurge nowadays. Furthermore, the trend of healthy eating has augmented, with consumers hoping to strengthen their immunity by eating fiber, nutrient, and vitamin-rich foodstuffs. Therefore, growth prospects of the global pulses market appear largely optimistic throughout the 2020-2030 assessment period.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐏𝐫𝐨𝐣𝐞𝐜𝐭𝐢𝐨𝐧𝐬 𝐍𝐨𝐰! https://www.futuremarketinsights.com/reports/pulses-market

Landscape for the Pulses Market

Nestle SA, Groupe Danone, Reckitt Benckiser Group Plc (RB), Abbott Laboratories Inc., Vitasoy International Holdings Ltd, Inner Mongolia Yili Industrial Group Co Ltd., Coca-Cola Co, General Mills Inc., Blue Diamond Growers, Kikkoman Corporation, Dr. Schär AG/SpA, Lactalis Groupe, Valio Oy, Post Holdings Inc., and Monde Nissin Corp. among others are some of the major players in the global pulses market.

Market players can face stiff competition from alternative protein sources such as soybeans, hemp, flax, nuts, and oilseed. In most countries, the price of pulses is also phenomenally high limiting their consumption, particularly in developing economies.

This is generally attributed to the presence of interim entities who seek to profit from the pulses trade and commerce. However, nowadays, consumers rely on platforms such as Big Basket, Amazon, and Grofers to purchase pulses. Moreover, growth is largely being sustained by e-commerce channels, despite the significant presence of conventional retail outlets.

Grains, Pulses & Legumes Industry Analysis: https://www.futuremarketinsights.com/industry-analysis/grains-pulses-and-legumes

Key Segments in the Pulses Industry Report

By Product Type:

• Dry Beans
• Lentils
• Faba Beans
• Dry Peas
• Chickpeas
• Cowpeas
• Bambara Beans
• Pigeon Peas
• Vetches
• Others

By Nature:

• Organic
• Conventional

By Form:

• Whole Pulses
• Flour Pulses
• Split Pulses

By End Use Application:

• Business to Business
  • Food & Beverage Industry
  • Pharmaceutical Industry
  • Cosmetic Industry
  • Nutraceutical Industry
  • Animal Feed Industry
• Household Retail
  • Store-based Retail
• Hypermarkets or Supermarkets
• Convenience Stores
• Mass Grocery Retailers
• Wholesale Stores
• Departmental Stores
• Food & Drink Specialty Stores
• Other Retail Forums
  • Online (e-commerce)
• Food Service (HoReCa)
• Institutional (Schools, Universities, etc.)
• Others