Global Pulses Market: Snapshot
The global pulses market is likely to show growth at promising CAGR during the forecast period of 2020 to 2030. One of the important factors driving market expansion is increased inclination among major population worldwide toward developing healthy eating habits. Pigeon pea, chickpeas, urad bean/black lentil, cowpea, green gram, red kidney bean, and red lentil are some of the important products available in the global pulses market.
Upcoming research report by Transparency Market Research on the global pulses market provides comprehensive study of important elements shaping the growth of this market. Thus, the report includes study of drivers, competitive landscape, restraints, important regions, and growth opportunities in the market. Therefore, the report is a helpful tool to gain all key data on the global pulses market for the tenure of 2020–2030.
The study bifurcates global pulses market based on numerous key factors including nature, type, end-use, distribution channel, and region. Based on distribution channel, the market for pulses is classified into supermarkets, hypermarkets, specialty retail stores, online retailers, and convenience stores.
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Global Pulses Market: Growth Dynamics
Pulses are widely consumed food product in all worldwide locations owing to a wide range of health benefits they offer. While, pulses are rich in protein, they are also known for including extensive range of other nutrients such as complex carbohydrates and vitamins. Apart from this, pulses offer numerous minerals including folate, iron, and antioxidants. Thus, growing awareness about the health benefits of consuming pulses is foreseen to help in increasing sales of the global pulses market during the assessment period of 2020 to 2030.
Pulses are gaining traction among majority of health-conscious populace from across the globe as they are considered cholesterol-free as well as almost fat-free source of protein. Based on nature, these products are classified into organic and conventional forms. Pulses are widely used in the food industry in the manufacturing of a wide range of food products. Thus, growing demand from various companies engaged in the production of pasta, bakery products, soups, snack foods, and cereal bars is estimated to boost demand opportunities for vendors working in the global pulses market in the years ahead.
Global Pulses Market: Competitive Analysis
The global pulses market experiences existence of numerous global and regional players. This situation has resulted into highly intense competitive landscape of the market for pulses. To stay ahead in this competition, vendors working in this market are utilizing organic as well as inorganic strategies. Many enterprises working in the global pulses market are investing time and money to improve the quality of their products. This move is helping them to capitalize the growing demand for gluten-free and protein-rich products.
The report provides analysis of various business strategies used by key players working in this market. The list important companies working in the global pulses market includes following names:
- LA MILANAISE INC.
- B&G Foods, Inc.
- Cargill Inc.
- Adani Wilmar Limited
- Archer Daniels Midland Company
- NHC Foods Limited
- The Kraft Heinz Company
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Global Pulses Market: Regional Assessment
The global pulses market shows existence in many regions including the Middle East and Africa, North America, Europe, Latin America, CIS and Russia, Japan, and Asia Pacific excluding Japan. Of all regions, Asia Pacific is one of the lucrative regions in the market for pulses. One of the important factors driving sales in the Asia Pacific market is increased consumption of pulses by major populace living in this region.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.