Pulses Market Forecast with Potential Impact, Despite COVID-19 Pandemic, Finds FMI 2022 - 2030

 

Future Market Insights (FMI) has anticipated the global pulses market to surpass a revenue threshold of US$ 100 Bn by the end of the 2020-2030 forecast period, in its recently published report.

FMI opines the market is slated to scale new heights amid heightening demand for fiber-rich and nutrient infused foodstuffs. Recent years have seen an upsurge in the availability of pulse based instant foods. Pulses are known to reduce cholesterol and triglyceride levels, thus enhancing life expectancy.

After taking the COVID-19 pandemic into consideration, growth prospects for the global pulses market appear largely optimistic, with sluggishness staving off due to relaxation of lockdowns.

Key Takeaways from FMI’s Pulses Market Report

  • APEJ to represent lucrative growth opportunities, generating nearly 60% of revenue
  • Dried beans to enjoy widespread popularity, attributed to the presence of vital micronutrients
  • Demand for organic pulses experiencing northward shift, expanding at a CAGR exceeding 7%
  • E-commerce to register staggering growth, owing to rising dependence on virtual platforms amid the pandemic crisis
  • Pulse flour acquiring ascending popularity due to widespread applications in preparing various foods
  • Global pulses market to expand at 4.9% value CAGR across the assessment period

COVID-19 Impact Insights

As the COVID-19 pandemic tightens its grip around the world, the global pulses market has experienced minor deceleration. This has mostly resulted due to constraints in logistical arrangements to transport finished products from the producer to the market. Fortunately, this setback is gradually eroding with lockdown restrictions easing.

Moreover, growth of the pulses market is largely being sustained by e-commerce channels, despite conventional retail outlets resuming operations. Voluntary social distancing measures adopted by consumers is driving this purchasing behavior. Nowadays, consumers are relying on platforms such as Big Basket, Amazon and Grofers to purchase pulses.

Furthermore, the trend of healthy eating has also picked up pace, 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.

Competitive Landscape

Prominent players in the global pulses landscape are concentrating on introducing innovative and customized products based on customer-specific requirements, strategic collaborations, partnerships and ventures.

For instance, in 2017, Danone acquired WhiteWave, a prominent plant-based food & beverages manufacturer with the objective of expanding its own range of plant-based foods and beverages. This acquisition has helped Danone realize its commitment to uphold consumer expectations of healthy and sustainable food choices.

In 2008, General Mills Inc. introduced a wide spectrum of gluten-free cereals within its product portfolio. These cereals are primarily made from non-gluten containing sources such as pumpkin seeds, peanuts, corn, pulses, berries and other fruits & vegetables.

In November 2016, Monde Nissin entered into a joint venture with Nippon Indosari to launch Sarimonde Foods, with the objective of broadening its food and beverage portfolio outreach within the Philippines.

Browse Full Report at :  https://www.futuremarketinsights.com/reports/pulses-market

More Insights on the Pulses Market

Future Market Insights, in its new report, offers an unbiased analysis of the global pulses market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the pulses market on the basis of product type (dry beans, lentils, faba beans, dry peas, chickpeas, cowpeas, bambara peas, pigeon peas and vetches), nature (organic and conventional), form (whole, flour and split) and end use application (B2B, household/retail, food service and institutional) across six prominent regions.

Read Related Reports:

About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us: 

Future Market Insights,                        
Unit No: 1602-006           
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs

Comments

Post a Comment

Popular posts from this blog

Tinea Pedis Treatment Market Key Players, End User, Demand and Consumption by 2032

  The global   tinea pedis treatment market   is expected to reach   US$ 1.35 Bn   in 2022, and further expand at a CAGR rate of   5.2%   to surpass   ~US$ 2.24 Bn   by the end of 2032. In terms of disease indication, the interdigital tinea pedis treatment market is expected to lead with a share of about   68.3%  in 2022. The extensive research report titled  “ Tinea Pedis Treatment Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017–2027) ”  crafted by Future Market Insights assists the reader in compiling and slating key growth strategies with a view to maintain correct growth rhythm in spite of the changing market dynamics in the current as well as in the future. Analysis on each segment of the market is included and assessment of these segments across key region in the globe is presented in a methodical format in the report. The research reflects the global market view in a nutshell The resear...
Read more

Healthy Fat-Free Snacks Market 2022 Outlook, Current and Future Industry Landscape Analysis 2031

Image
  Healthy Fat-Free Snacks Market Overview According to the latest research by Future Market Insights, during the years 2021-2031, the demand for healthy fat-free snacks is expected to expand steadily. Demand for healthy fat-free snacks will slowly rebound in the short-term period, with a promising long-term growth outlook. Health-conscious customers are driving demand for fat-free snacks. What is Driving Demand for Healthy Fat-free Snacks? Changing consumer demographics have enhanced the demand for a healthy fat-free snacks market as people nowadays want such snacking options that not only satisfy hunger but also provide health benefits such as a healthy heart, good cholesterol weight management and sugar control. Thus these crucial health benefits are projected to increase the healthy fat-free snacks market during the forecast period. Increasing lifestyle diseases is among the major reason driving demand for healthy fat-free snacks. Consumers have become conscious about their eati...
Read more