Global Cereals and Pulses Market Size By Type (Rice, Pulses), By Application (SuperMarket Size & HyperMarket Size, Retail Store), By Region, And Segment Forecasts, 2023 to 2032

The Global Cereals and Pulses Market was valued at USD 1.2 trillion in 2023 and is projected to surpass USD 1.8 trillion by 2031, growing at a CAGR of 5.3% during the forecast period from 2023 to 2031. This growth is driven by increasing global demand for staple foods, rising population, and the growing trend toward plant-based diets. Cereals and pulses serve as essential dietary staples, offering protein, fiber, and other vital nutrients, making them a critical component of global food security.

Drivers

Rising Population and Urbanization: The growing global population and increasing urbanization are driving demand for cereals and pulses as they remain affordable and versatile food options.

Shift Toward Plant-Based Diets: Consumers are increasingly adopting plant-based diets, elevating the importance of pulses and cereals due to their nutritional benefits and sustainability.

Government Support and Subsidies: Governments worldwide are implementing policies and subsidies to promote the cultivation and consumption of cereals and pulses.

Restraints

Climate Change Impacts: Unpredictable weather patterns and climate change significantly affect crop yields, creating supply chain challenges.

Fluctuations in Market Prices: Variability in prices due to supply-demand dynamics and geopolitical issues can hinder market stability.

Opportunity

Advancements in Agricultural Practices: Adoption of innovative farming techniques, such as precision agriculture, can improve productivity and yield quality.

Emerging Markets in Asia and Africa: Expanding middle-class populations and increasing awareness of health benefits provide opportunities for growth in these regions.

Market by System Type Insights

Cereals: Wheat, rice, maize, and barley dominate the cereals segment, with rice being the largest contributor due to its status as a staple food for a significant portion of the global population.

Pulses: Lentils, chickpeas, peas, and beans are witnessing increasing demand, driven by their protein-rich properties and suitability for plant-based diets.

Market by End-Use Insights

Food Industry: Cereals and pulses are primarily consumed as staple foods and are integral to various culinary traditions worldwide.

Feed Industry: The demand for cereals in livestock feed continues to grow with increasing livestock farming.

Industrial Applications: Pulses are increasingly utilized in flour, bio-based products, and other non-food applications.

Market by Regional Insights

Asia-Pacific: Leading the market with high production and consumption, particularly in India, China, and Indonesia.

North America: Driven by growing health awareness and the rise of vegan and vegetarian diets.

Europe: Increasing demand for organic cereals and pulses is propelling market growth.

Africa: Emerging as a significant contributor due to rising investment in agriculture and growing consumption.

Competitive Scenario

Key players in the market include Cargill, Archer Daniels Midland Company, Bunge Limited, General Mills, Inc., Nestlé, and Associated British Foods plc. These companies focus on expanding their product portfolios, enhancing supply chains, and leveraging technology for sustainable farming practices.

Scope of Work – Global Cereals and Pulses Market

Key Market Developments

2023: Cargill introduced a range of high-protein pulse-based flours targeting the growing plant-based food market.

2024: Archer Daniels Midland Company partnered with a leading agri-tech firm to enhance precision farming techniques.

2025: Bunge Limited expanded its operations in Africa, focusing on sustainable cereal production.

FAQs

What is the current market size of the Global Cereals and Pulses Market?

The market was valued at USD 1.2 trillion in 2023.

What is the major growth driver of the Global Cereals and Pulses Market?

Rising global population and the growing trend toward plant-based diets are key drivers.

Which is the largest region during the forecast period in the Global Cereals and Pulses Market?

Asia-Pacific is expected to dominate the market.

Which segment accounted for the largest market share in the Global Cereals and Pulses Market?

The cereals segment, led by rice and wheat, accounted for the largest share.

Who are the key market players in the Global Cereals and Pulses Market?

Key players include Cargill, ADM, Bunge Limited, General Mills, and Nestlé.

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