North America Pulses Market Expected to Rise at 5.49% CAGR During 2024-2032

North America Pulses Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 5.49% (2024-2032)

According to the latest report by IMARC Group, the North America pulses market size is expected to exhibit a growth rate (CAGR) of 5.49% during 2024-2032. The market is experiencing remarkable growth due to evolving consumer preferences and dietary trends. 

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North America Pulses Industry Trends and Drivers:

• Urbanization and Demographic Shifts: Increasing urbanization and shifting demographics are driving the demand for plant-based protein sources.
• Health and Wellness Focus: Growing focus on health and wellness has led to a higher demand for pulses in modern diets.
• Nutritional Value of Pulses: Pulses, including lentils, chickpeas, beans, and peas, are valued for their:
  • High protein content
  • Low fat levels
  • Abundant fiber
• Rise of Vegetarian and Vegan Diets: The growing popularity of vegetarian and vegan diets in North America has further propelled pulse consumption.
• Incorporation in Processed Foods: Pulses are increasingly being used in processed foods like snacks, pasta, and meat alternatives.
• Government Initiatives: Governments are promoting the sustainability and nutritional benefits of pulses, contributing to market expansion.
• Demand for Organic and Non-GMO Pulses: There is a rising market for organic and non-GMO pulses driven by consumer demand for clean-label products.
• Favorable Trade Policies: The North American pulses market benefits from favorable trade policies.
• Technological Advancements: Advancements in agricultural technology and food processing are supporting the diversification of pulse-based products.
• Sustained Market Growth: These factors are expected to sustain the growth of the North American pulses market.

Key Trends in the North American Pulses Market

• Sustainability and Technological Innovation: The market is experiencing trends such as:
  • Sustainable agricultural practices due to regulatory requirements and consumer demand for eco-friendly products.
  • Adoption of practices like crop rotation and reduced tillage to improve soil health and reduce environmental impact.
• Advances in Food Processing: Technological advancements are enhancing the taste, texture, and nutritional profile of pulse-based products.
• Functional Ingredients: Pulses are gaining popularity as functional ingredients in health and wellness products due to:
  • High protein and fiber content
  • Low glycemic index
• Demand for Snacks and Convenience Foods: There is a growing demand for pulses in the form of snacks and convenience foods, reflecting consumers' preference for healthy, on-the-go options.
• Focus on Food Security: The role of pulses in sustainable food systems is driving further growth.
• Impact of COVID-19: The pandemic has accelerated the adoption of pulses as a reliable and affordable source of nutrition, leading to:
  • Reevaluation of food supply chains
  • Renewed emphasis on locally sourced, sustainable food products.

North America Pulses Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

• Chickpeas
• Kaspa peas
• Lentils
• Pigeon peas
• Fava beans
• Black gram
• Mung beans
• Others

Breakup by End Use:

• Home use
• Snack food industry
• Flour industry
• Others

Breakup by Import and Exports:

• Imports
• Exports

Breakup by Country:

• United States
• Canada

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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