Pulse Protein Market by Source (Beans, Chickpeas, Yellow Peas, Lentils & Lupin)
Industry: Food and Beverages
Published Date: March-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 392
Report ID: PMRREP19030
The Market for Pulse Protein can be expected to expand at a value based CAGR of 5.2% and show an increase in revenue from US$ 1,503.60 Million to around US$ 2,496.25 Million by 2033.
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Pulse Protein Market Size (2023E) |
US$ 1,503.60 Million |
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Projected Sales of Pulse Protein (2033F) |
US$ 2,496.25 Million |
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Value CAGR (2023 to 2033) |
5.2% |
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Value Share of Top 4 Countries (2022E) |
60% |
The Global Pulse Protein Market has witnessed significant growth in the historical period registering a CAGR of 4.20% in the historical period and is valued at US$ 1,503.60 Million in 2023.
Proteins are the essential building blocks of the human body and responsible for providing all the essential amino acids required by the body. They are sourced from beans, yellow peas, chickpeas, lupin, lentils and other pulses. The awareness about climate change and rising impact upon the demand and applications in the food and beverage industry is fuelling the “Reductarian/Flexitarian” movement followed by the sports and energy nutrition in the pulse protein market. The digital empowerment of today’s consumer results in increased scrutiny and attention towards the dietary choices which is influencing consumers opting for pulse protein.
The global market for pulse protein is estimated to reach an approximate valuation of US$ 2,496.25 Million in the forecast period.
“Pulse Protein- Emerging Dietary Ingredient for Health Conscious Consumers”
Millennials are becoming more concerned about their health and thus, opt for a balanced diet with nutritional food. Health is a major concern for most people- some people exercise to keep their bodies fit, while others follow the path of diet and nutrition. Diet and nutrition involves the consumption of a large amount of protein and majority of consumers prefer plant-based products, owing to high nutritional quotient. Pulse protein is perceived to be free from additives, hormones, antibiotics, and non-GMO, and its high protein content makes it the perfect source of protein for health conscious people around the world. Thus, the pulse protein is gaining attention as the perfect diet ingredient for health conscious consumers.
“Increasing Applications of Pulse Protein in Nutraceuticals Bolstering Growth of Pulse Protein Market”
Pulse protein contains a high amount of protein, and thus it has various applications in the nutraceutical industry. This high-protein ingredient is used in nutraceutical supplements for weight management and in other healthy food preparations. The changing and hectic lifestyles of consumer increase their attention towards healthy ingredients and owing to this, organic vegan products have gained more traction in the recent years. On the back of high protein content, pulse protein is gaining popularity as an ingredient and is used in numerous nutraceutical supplements that are used by many health conscious consumers. Thus, this factor is contributing to the growth of the global pulse protein market.
“Societal Shift Towards Plant-based Products”
There is an increase in demand for protein-rich food products worldwide. The rising demand for vegetarian and clean label food products which are plant-based, healthier, and affordable is expected to propel the growth of the pulse protein market. To meet specific demands such as low-carb or gluten-free diets, preference for more functional and healthier products is increasing, which is subsequently giving a boost to the pulse protein market.
“Growing Number of Flexitarians Looking for Alternative Protein Sources”
Flexitarian diet focuses on plant proteins and other plant-based foods with minimum consumption of meat and animal products. Pulse protein demand is increasing rapidly as the number of flexitarians is increasing. This trend is supported by food manufacturers for the growth of meat substitutes. Changing consumer habits and inclination towards healthier plant-based diets has led to an increase in demand for pulse proteins.
“Providers of Pulse Proteins to Target Allergen-free Market”
The number of lactose intolerant consumers is continuously increasing around the globe. Along with that, consumers are also avoiding gluten in their diets. Pulse protein is naturally lactose-free and gluten-free. Thus, it is considered as an allergen-free plant-based protein. The increasing vegan population also boosts demand for allergen-free protein offerings. Thus, consumers around the globe are opting for pulse protein to satisfy their increasing need for protein. This is creating lucrative opportunities in the allergen-free market for manufacturers of pulse protein.
“Lack of Awareness of Pulse Protein”
Consumers seem to prefer low processed food due to the negative impact of ultra-processed food on nutrition and health. This is due to the lack of information about upcoming products and its health benefits. Due to the lack of technological knowledge about pulse processing, especially among small firms, many companies were forced to search for external partners. Most of the firms do not have a relationship with agricultural growers or co-operatives. Moreover, they were not particularly concerned about the environmental benefits of pulses.
How is the Global Market for Pulse Protein Projected to Grow in the Forecast Duration?
Pulse protein is extensively consumed across North America and Europe, attributable to the highly developed food & beverage industry in both these regions. In Europe, food manufacturers are increasingly utilizing high nutritional ingredients in food & beverage products, which is further promoting the use of pulse protein. Moreover, the population of health conscious consumer is also increasing in the region, which is also one of the beneficial aspects for the high consumption rate of pulse protein in the region. North America is also displaying significant pulse protein market share by value. This is due to the rising vegan population across the region, which is increasing the use of several plant-based proteins, including pulse protein.
What is the Segmental Growth Overview among the Pulse Protein Market Project Higher Growth Potential?
By form, pulse protein isolates will experience the highest CAGR over the forecast period of 2020–2030. The key contributing factor is that isolates witness increasing demand in established markets such as North America and Western Europe
Owing to the higher utilization rate of pulse protein in bakery & confectionery, snacks, & cereals, and others, food & beverage application is witnessing the highest market value share in the global pulse protein market.
Lupine and lentils source of pulse protein is anticipated to exhibit substantial growth over the forecast period. This is attributable to the rising demand for lupine-based protein for sport & energy nutrition and beverage applications.
Pulse protein such as pea protein is trending in the plant-based protein industry, on the back of its high protein concentration and no harmful effects on the body which has further increased its uses in numerous end-use industries.
What is the Segmental Breakdown of the Pulse Protein Market?
On the basis of source, the global pulse protein market is segmented as into beans, chickpeas, yellow peas, lentils, lupins, and other sources of pulse protein.
On the basis of nature, the global pulse protein market is segmented as organic pulse protein and conventional pulse protein.
On the basis of form, the global pulse protein market is segmented into pulse protein isolates, pulse protein concentrates, and pulse protein hydrolysates.
On the basis of application, the global pulse protein market is segmented as food & beverage, infant nutrition, pharmaceuticals, animal feed, and sports & energy nutrition. The food & beverages segment is further sub-segmented into bakery & confectionery, snacks & cereals, meat additives, beverages, and others.
The pulse protein market is fragmented in nature. Key manufacturers are increasing production capacity and development of new pulse-based protein facilities to satisfy the increasing demand for plant-based ingredients in established markets such as North America and Europe. Manufacturers are also specially targeting nutrition and food companies as they are primarily focused on offering products with extra added health benefits, owing to the growing popularity of plant-based protein products and increasing number of health conscious consumers across the world.
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Details |
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Forecast period |
2023 to 2033 |
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Historical data available for |
2018 to 2022 |
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Market analysis |
USD million for value |
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Key regions covered |
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Key countries covered |
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Key market segments covered |
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Key companies profiled |
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Report coverage |
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Customization & pricing |
Available upon request |
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The global market for pulse protein has a value of US$ 1,503.60 Mn in 2023.
The global market for pulse protein has a value CAGR of 4.2% from 2018-2022.
The global market for pulse protein has a value of US$ 2,496.25 Mn in 2033.
The global market for pulse protein has a value CAGR of 5.2% from 2023-2033.
The top players Ingredion Incorporated, AGT Food and Ingredients,Archer Daniels Midland Company, Cargill, Incorporated, Glanbia, Plc, Roquette Frèrewith a market share of about 45%-55%.
