Global Pulses Based Product Market Size By Type (Pulse Flours, Pulse Starches), By Application (Baked Goods, Beverage), By Region, And Segment Forecasts, 2023 to 2032

The Global Pulses Based Product Market was valued at USD 11.5 billion in 2023 and is projected to surpass USD 18.7 billion by 2031, growing at a CAGR of 6.3% during the forecast period from 2023 to 2031. The market is driven by the rising consumer demand for plant-based protein, the growing preference for gluten-free diets, and the increasing awareness of the health benefits of pulses. Pulses-based products, such as flour, snacks, and protein concentrates, have become key components of health-conscious diets worldwide. The industry's growth is further supported by innovations in food processing and the expansion of sustainable agriculture practices.

Drivers

Rising Demand for Plant-Based Proteins: As plant-based diets become more mainstream, pulses-based products are increasingly sought after as a high-protein, sustainable alternative to animal-derived proteins.

Health and Wellness Trends: The low-fat, high-fiber, and gluten-free characteristics of pulses are aligning with consumer preferences for healthier and functional foods.

Sustainable Agriculture Practices: Pulses are recognized for their role in improving soil health and reducing greenhouse gas emissions, making them a cornerstone of sustainable food systems.

Restraints

High Processing Costs: Advanced processing methods for producing value-added pulses-based products can drive up costs, limiting affordability.

Limited Consumer Awareness in Developing Markets: Despite growing trends, awareness of the nutritional benefits of pulses remains low in certain emerging regions.

Opportunity

Innovations in Food Processing: Advances in food technology are enabling the development of innovative pulses-based products, such as protein isolates and alternative dairy products.

Emerging Markets: The adoption of pulses-based diets in regions such as Asia-Pacific and Latin America presents significant growth potential.

Inclusion in Government Dietary Programs: Increasing government initiatives promoting the consumption of pulses can expand market reach.

Market by System Type Insights

The Pulses Flour segment dominated the market in 2023, driven by its versatile applications in baking, snacks, and ready-to-eat products. This segment is expected to maintain its lead as the demand for gluten-free and high-protein alternatives continues to rise.

Market by End-Use Insights

The Food & Beverages segment emerged as the largest revenue contributor in 2023, accounting for over 60% of the market share. Pulses-based products are increasingly incorporated into everyday food items such as bread, noodles, and snacks due to their nutritional value.

Market by Regional Insights

North America: Held the largest market share in 2023, supported by a strong health food sector and consumer preference for plant-based diets.

Asia-Pacific: Anticipated to witness the highest growth rate during the forecast period, fueled by growing consumer awareness and rising disposable incomes.

Competitive Scenario

Key players in the market include Bunge Limited, AGT Food and Ingredients, The Archer-Daniels-Midland Company, Ingredion Incorporated, and General Mills. These companies are focusing on product diversification, partnerships, and sustainable sourcing to enhance their market positions.

Scope of Work – Global Pulses Based Product Market

Key Market Developments

2023: Bunge Limited launched a new range of pulses-based protein isolates aimed at enhancing functional food applications.

2024: AGT Food partnered with a major food retailer in North America to expand the availability of pulses-based snacks.

2025: Ingredion Incorporated announced the development of next-generation pulses starches for industrial and food-grade applications.

FAQs

What is the current market size of the Global Pulses Based Product Market?

The market was valued at USD 11.5 billion in 2023.

What is the major growth driver of the Global Pulses Based Product Market?

The rising demand for plant-based proteins and gluten-free diets.

Which is the largest region during the forecast period in the Global Pulses Based Product Market?

North America held the largest market share in 2023.

Which segment accounted for the largest market share in the Global Pulses Based Product Market?

The Pulses Flour segment.

Who are the key market players in the Global Pulses Based Product Market?

Key players include Bunge Limited, AGT Food and Ingredients, ADM,