Pulse Protein Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Pulse Protein Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The global pulse protein market is set to witness remarkable growth in the coming years, fueled by a confluence of factors including shifting consumer preferences towards healthier dietary choices, increasing applications in nutraceuticals, and a surge in demand for plant-based products. According to the latest market research report covering the forecast period from 2024 to 2031, the market for pulse protein is projected to expand at a value-based CAGR of 7.0%, reaching a revenue of approximately US$ 2.41 Billion by 2031, up from US$ 1.55 Billion in 2024.

Key Trends Driving the Pulse Protein Market

1. Pulse Protein: An Emerging Dietary Ingredient for Health Conscious Consumers

Millennials and health-conscious individuals are driving the demand for balanced diets rich in nutritional foods. With a growing awareness of the importance of diet and nutrition, there is a significant preference for plant-based products like pulse protein, which is perceived as a clean, additive-free source of protein.

2. Increasing Applications in Nutraceuticals

The high protein content of pulse protein makes it a sought-after ingredient in the nutraceutical industry, particularly in supplements aimed at weight management and overall health. As consumers prioritize healthier lifestyles, the demand for organic, vegan products containing pulse protein continues to rise.

3. Societal Shift Towards Plant-based Products

The global trend towards plant-based diets is driving the demand for protein-rich plant products. Pulse protein, with its functional and nutritional benefits, is well-positioned to capitalize on this shift, offering consumers healthier and more sustainable alternatives.

4. Growing Number of Flexitarians

Flexitarian diets, which emphasize plant proteins and minimize meat consumption, are gaining popularity worldwide. Pulse protein serves as a valuable alternative protein source for flexitarians, aligning with their preferences for plant-based nutrition.

5. Targeting the Allergen-free Market

With an increasing number of consumers seeking allergen-free options, pulse protein stands out as a naturally lactose-free and gluten-free protein source. This makes it an appealing choice for individuals with dietary restrictions, further driving its demand in the market.

6. Addressing Lack of Awareness

Despite its numerous benefits, there remains a lack of awareness about pulse protein among consumers and small firms. Companies are working to bridge this gap through educational initiatives and partnerships, aiming to unlock the full potential of pulse protein in the market.

Insights by Geography and Category

Global Market Projection:

North America and Europe are expected to dominate the pulse protein market, driven by their highly developed food and beverage industries and the increasing population of health-conscious consumers. The rising vegan population in these regions further fuels the demand for plant-based proteins like pulse protein.

Segmental Growth Overview:

Pulse protein isolates are anticipated to experience the highest growth, particularly in established markets such as North America and Western Europe. Among pulse protein sources, lupine and lentils are poised for substantial growth, driven by their applications in sports nutrition and beverages.

Segmental Breakdown:

The market for pulse protein is segmented by source (beans, chickpeas, yellow peas, lentils, lupins, and others), nature (organic and conventional), form (isolates, concentrates, and hydrolysates), and application (food & beverage, infant nutrition, pharmaceuticals, animal feed, and sports & energy nutrition).

Competitive Analysis

The pulse protein market is characterized by fragmentation, with key manufacturers expanding production capacity and developing new facilities to meet the growing demand for plant-based ingredients. Companies are targeting nutrition and food sectors to offer products with added health benefits, catering to the increasing number of health-conscious consumers worldwide.

Key companies profiled
• Ingredion Incorporated
• Cargill, Incorporated
• AGT Food and Ingredients
• Glanbia, Plc
• Roquette Frères
• The Scoular Company
• Nutriati, Inc.
• TERRENA
• Prolupin GmbH
• Axiom Foods, Inc.
• NOW Health Group, Inc.
• Chick.P
• Aminola
• Farbest Brands
• Vestkorn Milling AS
• Gemef Industries
• A&B Ingredients
• Greenway Organics (Tianjin) Co. Ltd
• Phyto-Therapy Pty Ltd.
• Maxsun Industries Inc.

Pulse Protein Industry Research by Category

By Source:
• Beans
• Chickpeas
• Yellow Peas
• Lentils
• Lupin
• Others

By Nature:
• Organic
• Conventional

By Form:
• Isolates
• Concentrates
• Hydrolysate

By Application:
• Food & Beverages
Bakery & Confectionery
Snacks & Cereals
Meat Additives
Beverages
Others
• Infant Nutrition
• Pharmaceuticals
• Animal Feed
• Sports & Energy Nutrition

By Region:
• North America
• Latin America
• Europe
• South Asia & Pacific
• East Asia
• Middle East & Africa

Please note: The PDF e-mail from publisher version of this report is for a global site license. Delivery Timelines - 5 working days.