Market leaders for pulse ingredients Industry propel growth through strategic expansions and innovation
This Market leaders for pulse ingredients Industry research report is always up to date as it is prepared by our professionals as well as other experts in the industry. This press release focuses on the leading companies and recent developments and financial activities that are influencing the future of this dynamic sector.
Consumer Increase for Plant-based Protein a Few Factor Who Make The Global Pulse Ingredients Companies Surging. With the rapid growth of the Mobile Phones market, prominent players are strengthening their position by performing strategic mergers, acquisitions, and investments. Here are five leading companies active within the pulse ingredient market plus the latest developments impacting the space.
The Market leaders for pulse ingredients Industry Companies 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.
Biggest Market Share Companies (Top 5)
Ingredion Incorporated
Ingredion is a global leader in ingredient solutions, offering a variety of pulse-based proteins and flours. With an innovative edge, the company has provided top quality pulse elements to meet the increasing need for plant-based nourishment. The breadth of Ingredion's product portfolio and its strong R&D capabilities established the company as a market leader.
Roquette Frères
Specialized in pea protein and a key player in the pulse ingredients market, Roquette is a French company. Since then, the company has been busy ramping up production capacity to keep pace with demand for sustainable protein sources. Roquette has secured a predominant share of the global market due to its focus on innovation and sustainability.
Cargill, Incorporated
Cargill is a global leader in nutrition and food ingredients, including pulse-based solutions. The company has been building up its plant protein investment, taking advantage of its large supply chain and processing knowledge. The pulse ingredients are used extensively in food, beverage and animal nutrition applications and offer many benefits, she said.
Archer Daniels Midland Company (ADM)
ADM is a global player in the pulse ingredient space, with a comprehensive roster of pea protein, lentil flour and chickpea ingredients. It has made several acquisitions in the plant-based space to reflect consumer trends toward healthier and more sustainable diets. ADM's market dominance can be attributed to its global footprint and well-established distribution network.
AGT Food and Ingredients
AGT Food and Ingredients is a CPT processing and ingredient manufacture canadian company. AGT is recognized as a premier global supplier of high-quality lentils, peas and chickpeas. Its vertically integrated operations provide consistent quality and ensure supply chain efficiency.
Recent Mergers and Acquisitions
This day the pulse ingredient market has seen number of strategic mergers and acquisitions by company which is integrated the pulse ingredient provides the consumers with different variety of product and hotels in expand their marketability.
In 2022, Ingredion Incorporated, a leading global provider of ingredient solutions to the food industry acquired KaTech, a provider of texturants and stabilizers, to enhance its plant-based ingredient portfolio. The acquisition has also allowed Ingredion to provide customers with a wider range of solutions.
Itacel is a Brazilian company that develops plant-based excipients and ingredients and was recently acquired by Roquette Frères. The move strengthens Roquette's footprint in the latin american market and broaden its portfolio.
Cargill was already engaged in "mold" acquisitions, having recently closed the purchase of smaller food companies China's Tianyang and Turkey's Pinar.
Market Update – Recent Developments
Pulse Ingredient Market DynamicsCompany investments in pulse ingredient technologies and product innovations are anticipated to drive the growth pulse ingredient market.
Roquette Frères has introduced a new range of organic pea protein ingredients for those seeking clean-label and organic solutions.
ADM Launches New Range of Pulse-Based Flours, Starches to Enhance Texture, Nutritional Value of Plant-Based Foods
In addition, AGT Food and Ingredients has increased production capacity at its processing facilities to meet rising global demand for pulse ingredients.
New Funding and Investments
Many pulse ingredient companies have received substantial investments to fuel their growth efforts.
Ingredion Incorporated Announces $140 Million Investment in Plant-Based Protein Production Capacity Expansion in South America This investment reflects the company’s desire to meet the growing demand for sustainable ingredients.
Funding: Roquette Frères has raised $50 million to grow R&D and create new pulse-based solutions.
To update its processing operations and beef up its product lineup, AGT Food and Ingredients has picked up a US$30 million investment.
Conclusion
The rise of the pulse ingredient market will continue as consumers become more aware of the health and environmental impact of a plant-based diet. Industry leaders like Ingredion, Roquette, Cargill, ADM, and AGT are driving these transformations, using innovation, strategic acquisitions, and investments to expand their market position. These players all have a role to play in evolving the industry to what was needed to create a sustainable food system going forward.