Market Leader : Major Companies are Focusing on Expansion and New Product Launches to Strengthen their Market Position in the Pulse Ingredients Market
The global pulse ingredients market is estimated to be valued at USD 20.7 billion in 2022. It is projected to reach USD 25.9 billion by 2027, recording a CAGR of 4.6% during the forecast period.
The key players in this market include ADM (US), Roquette Frères (France), Ingredion (US), The Scoular Company (US), Axiom Foods, Inc., (US), PURIS (US), Emsland Group (Germany), AGT Food and Ingredients (Canada), Batory Foods (US), Vestkron Milling M/S (Norway), and Dakota Ingredients (US).
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Roquette Frères is a privately held company that produces and markets food ingredients. It processes raw materials, such as corn, wheat, potatoes, and peas, into various ingredients for different food and non-food applications. Roquette Frères’ products find application as ingredients in the food, pharmaceutical, paper, corrugated board, fermentation, chemistry, and industrial applications. In February 2018, it inaugurated a new production plant related to pea in Vic-Sur Aisne in France, aimed at helping the company offer a broad range of pea-derived products.
Ingredion is leading manufacturer of ingredients that are used by customers in products from food & beverages, brewing, to paper and pharmaceuticals. The company caters to various business segments such as food & beverage sweeteners, food & beverage starches, health & nutrition, personal care, green solutions, pharmaceuticals, industrial, animal nutrition, and co-products. It has a global footprint with presence in regions such as North America, South America, Asia Pacific, Europe, and the Middle East. Along with its strong global presence, the company focuses on R&D capabilities and the expansion of its product portfolios to meet consumer demand. In April 2019, the company launched a new pea starch named PURITY P 1304 pea starch for applications in pet food and animal feed. This helped strengthen the company’s product portfolio.
Emsland Group is involved in the manufacture of products based on vegetable raw materials for the processing industry. The company caters to the food and animal feed industry. It offers a variety of potato and pea-derived ingredients. The company operates through seven manufacturing plants and offers its products in more than 120 countries across regions such as North America, South America, Europe, Asia, and Australia. In 2019, the company expanded its footprints by entering the Asian market. It set-up a new office and customer care center. This expansion was aimed at capitalizing on the Asian markets as it continues to be among the worlds fastest expanding.
Related Reports:
Pulse Ingredients Market by Type (Pulse Flour, Pulse Starch, Pulse Proteins, Pulse Fibers & Grits), Source (Lentils, Peas, Beans, Chickpeas), Application (Food & Beverages, Feed) and Region - Global Forecast to 2027
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