Global Pulse Fibres and Grits Market, By Source (Peas, Beans, Chickpeas, Lentils), Application (Food and Beverages, Feed), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029
Market Analysis and Insights of Pulse Fibres and Grits Market
Data Bridge Market Research analyses that the global pulse fibres and grits market will project a CAGR of 4.70% for the forecast period of 2022-2029. Growth and expansion of the food and beverages industry, growing focus on innovations by the food and beverages sector, rising consumer consciousness towards the consumption of nutritional food items, changings tastes and preferences of consumers, rise in the preference for vegetarian and vegan diet and increasing personal disposable income by the major companies are the major factors attributable to the growth of pulse fibres and grits market.
Pulse fibres and grits are the pulse ingredients that are gluten free and belong to a vegetarian and vegan diet. Pulse fibres and grits are high sources of protein and are consumed to meet the protein deficiency in individuals. The consumption of pulse fibres and grits brings along numerous health benefits to the consumers such as assisting in stabilizing cholesterol and promoting weight loss.
Rising personal disposable income and growing number of restaurants, hotels and other such food and beverage outlets especially in the developing economies are the major factors fostering the growth of the pulse fibres and grits market. Changing lifestyle, westernization, rising research and development initiatives taken by major companies especially in the developing economies, growing popularity of protein-rich food products among population, surging awareness among the people in regards to the benefits of pulse ingredients, increasing health consciousness among consumers and on-going shift in the dietary habits among consumers are acting as pulse fibres and grits market growth determinants. Improving distribution channel, surging awareness about maintaining health and fitness, rising demand for clean label and gluten free products, growing application areas of pulse flour, increasing popularity for organic products, and growing adoption of urban lifestyle will further induce growth in the pulse fibres and grits market value.
However, negative impact on the body as a result of excessive consumption such as lower blood cholesterol and reduce blood pressure will pose a major challenge to the growth of the pulse fibres and grits market. Easy availability of product substitutes, stringent regulations imposed by the government pertaining to the quality standardization and supply chain disruptions owing to the pandemic will further restrict the scope of growth for the pulse fibres and grits market. High cost associated with the research and development activities and volatility in the cost of the raw materials will also hamper the pulse fibres and grits market growth rate.
This pulse fibres and grits market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on pulse fibres and grits market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Pulse Fibres and Grits Market Scope and Market Size
The pulse fibres and grits market is segmented on the basis of source and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of source, the pulse fibres and grits market is segmented into peas, beans, chickpeas and lentils.
- Based on application, the pulse fibres and grits market is bifurcated into food and beverage and feed. The food and beverage segment is further divided into meal and meal centers, snacks, fruits and vegetables, soups, sauces and seasoning, processed fish, meat and egg products, bakery and confectionery products and others.
Pulse Fibres and Grits Market Country Level Analysis
The pulse fibres and grits market is analyses and market size, volume information is provided by country, source and application as referenced above.
The countries covered in the pulse fibres and grits market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific region dominates the pulse fibres and grits market and will continue to flourish its trend of dominance during the forecast period owing to the tremendous popularity and substantial consumption of plant-based protein in the region, escalation in admiration of convenience meals increased per capita consumption of baked products, growing population, surging lifestyle changes, changing lifestyle, and increasing personal disposable income.
The country section of the pulse fibres and grits market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Pulse Fibres and Grits Market Share Analysis
The pulse fibres and grits market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to pulse fibres and grits market.
Some of the major players operating in the pulse fibres and grits market are ADM, Ingredion., AGT Food and Ingredients, ANCHOR INGREDIENTS., Agspring, LLC, The Scoular Company, SunOpta., EHL Limited, Avena Foods, Limited, Batory Foods., Diefenbaker Spice & Pulse., Great Western Malting., BEAN GROWERS AUSTRALIA LIMITED., Blue Ribbon, Alsiano, GPA Capital Foods Pvt. Ltd., Limagrain, Buhler AG, Parakh Group and Ganesh Grains Limited among others.
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