In a rapidly growing market, leaders in the global pulse ingredient industry are promoting innovation and consolidation

 

The market for global pulse ingredient industry is projected to grow at a compound annual growth rate (CAGR) of 5.1% from its 2023 valuation of USD 22.9 billion to USD 27.4 billion by 2030. The growing consumer demand for clean-label and plant-based products is the main driver of this expansion and has turned into a focus for industry participants.

At the same time, the trend of health and wellness is driving demand for high-quality, high-protein foods, with pulse ingredients being popular components of the food supply. With this dynamic market in mind, industry analysts say major players are threatening to take bigger slices of the pie through innovation, acquisitions and increased capacity.

Initiatives Strengthen Market Leaders Position

Having access to Ingredion Incorporated's entire portfolio of pulse-based ingredients and texturizers has enabled the market leader to retain its spot. Its VITESSENCE® Pulse protein concentrates and isolates have also found application in plant-based meat substitutes, generating a strong market position for the company. Located in South Sioux City, Nebraska, Ingredion’s pulse processing plant remains a key component of the company’s pulse ingredient strategy.

AWG food and ingredients – a global leader in value-added processing of pulses – has a fully integrated market presence for processing across five continents. The PulsePlus™ protein ingredients have established significant traction in the food manufacturing sector, especially for clean label applications. AGT income have been boosted by sustainable practices and was in line with growing concern among consumers about green merits.

"Allergen-free plant-based food sources have been around for a while but it is only recently that we have been able to harness our decades of experience in R&D to deploy them into innovative pea protein isolates that bring unprecedented functional and organoleptic benefits," ​said Roquette. NUTRALYS® from the company has become a reference on the market, fuelling a strong growth of the market share. Its large-scale production facility in Manitoba, Canada, has massively scaled up its manufacturing capacity amid soaring demand.

The pulse ingredient portfolio of Archer Daniels Midland Company (ADM) is growing, with pea and fava bean proteins being their strong sectors. Its top-tier supply chain is vertically integrated and supported by a worldwide distribution network, measuring in its sizeable market share. ADM's pulse ingredients have seen growing applications in the dairy alternatives and baked goods markets.

Also among these top 5 market leaders is The Scoular Company, which is strengthening its pulse processing capabilities at a rapid pace. [Highlighting Their Value] The company's focus on sustainable sourcing and consistent quality has helped the company gain great traction with food manufacturers that are looking for reliable supply partners. Scoular is a major player in various food categories, thanks in part to its focus on yellow pea and lentils ingredients.

Data is up to October 2023.

In the past several months, there has been rapid consolidation in the pulse ingredient sector. Ingredion made moves to grow its pulse position by acquiring niche pulse processor PulseWave Technologies to enhance its specialty ingredient portfolio of proprietary processing technologies, which improve the functionality and digestibility of proteins.

In a further growth strategy, ADM has just finalized the deal to purchase the European pulse blending company EuroPlant Proteins further LLC in Europe, where the company can ad fava and lupin processing as they expand their footprint there.

Here's a table summarizing key details of five leading companies in the pulse ingredients industry, including their headquarters, establishment year, company type, and recent developments:

Company	Headquarters	Established	Company Type	Recent Developments
Ingredion Inc.	Westchester, Illinois, USA	1906	Public	Invested in plant-based proteins by acquiring Verdient Foods in 2020; expanded pea protein offerings with a new facility in South Sioux City, Nebraska, in 2021.
Emsland Group	Emlichheim, Germany	1928	Private	Launched pea and potato fibers under the Emfibre brand, catering to diverse applications; emphasizes sustainability and compliance with quality standards.
Cargill Inc.	Minneapolis, Minnesota, USA	1865	Private	Partnered with PURIS in 2018 to produce pea protein, investing $100 million to meet the growing demand for plant-based proteins.
Roquette Frères	Lestrem, France	1933	Private	Opened the world's largest pea protein plant in Canada in 2020, enhancing its position in the plant-based protein market.
ADM	Chicago, Illinois, USA	1902	Public	Expanded its alternative protein portfolio by investing in a new soy protein concentrate production facility in 2021.

 Request for free sample Report: https://www.maximizemarketresearch.com/request-sample/265391/ 

Market Development is Driven by Evolution and Capacity Expansion

Innovations in the pulse ingredient market include a recent launch from Roquette, which introduced a next-gen pea protein isolate featuring significantly enhanced organoleptic attributes to solve a long-standing problem for plant-based formulators wrangling off-flavors.

AGT Foods Reports the Development of a Proprietary Fractionation Process that Nearly Doubles Protein Yield from Yellow Peas while Decreasing Water Usage by Around 30% to Address Economic and Sustainability Concerns

Scoular is also celebrating the opening of its expanded pulse processing facility in Saskatchewan, Saskatchewan, Canada, which has doubled production capacity for specialty pulse ingredients and employs innovative milling technologies designed to enhance functionality.

Comments Off on Strategic Investments Fuel Future Growth

Investment activity remains strong across the sector. Last month, Ingredion announced $75 million in dedicated funding for pulse innovation efforts enhancing their protein functionality and potential applications.

RoquetteDetails such as the launch of the €120 million investment program will expand Roquette's research and production capacity for specialty pulse proteins in an effort to satisfy increasing demand from the market.

With competition increasing and consumer preferences constantly changing, industry analysts anticipate further innovation and consolidation in the pulse ingredient sector through 2025 and beyond.