Friday 30 September 2016

Global Pulses Market Driven by their High Nutritional Value and Changing Dietary Habits


As a result of their high nutritional value and low cost, consumption of pulses has been continuously increasing in both developing and developed markets across the globe. According to IMARC Group, the global pulses market reached a volume of nearly 80 Million Tons in 2015.
According to IMARC Group’s latest report “Pulses Market – Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue”, the global pulses market reached a volume of nearly 80 Million Tons in 2015, growing at a CAGR of around 3.5% during 2008-2015. Pulses represent an important part of a balanced diet as they are a good source of proteins, vitamins, minerals and dietary fibres. They also help lower blood cholesterol, reduce blood glucose, improve digestion and help in fighting certain non-communicable ailments such as cancer, diabetes, cardio-vascular diseases, etc. In the past decade, their demand has increased rapidly driven by higher consumption, particularly in the emerging countries as a result of population growth, improving living standards and changing diets. Moreover, new market opportunities, growth in organised food retail and increasing demand for ready-to-eat foods and taste enhancing products are also driving this market.

The report has segmented the market on the basis of the types of pulses. Chick peas currently represent the most widely produced pulses across the world. Chick peas are followed by kaspa peas, lentils, pigeon peas, fava beans, black gram and mung beans. The report has further segmented the market on the basis of the end-use industries. The majority of the pulses produced in the world are sold at retail stores for direct human consumption. The snack food industry is the second largest consumer of pulses followed by the flour industry. The report has also segmented the market on the basis of geography. India represents the largest producer of pulses accounting for more than a fourth of the total global production. India is followed by Canada, Myanmar, China and Brazil. The report also finds that the pulses market is highly unorganised across the globe, especially in the top pulses producing countries such as India.
The report gives a detailed roadmap for starting a pulses processing plant. The study, done by one of the leading research and advisory firms, covers all the requirements of the pulses industry. This ranges from a comprehensive view of the market to minute details of the industry performance, processing & manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the pulses industry in any manner.
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