Here's what’s trending in the pulses industry:
- Globally pulses is set to record a CAGR of 3.2% over the next five years, which is in line with the 3.5% CAGR seen for the Middle East and Africa region.
Within fresh food, pulses was the best performer in having increased by 7% in volume terms over the past year.
They provide an affordable source of protein and are particularly important across developing and emerging markets.
The global success of pulses is largely attributed to 4% growth in India, where some 360 million vegetarians rely heavily on pulses for dietary protein.
The growth of pulses in the Middle East and Africa region is supported by the popularity of pulses within the region as well as steady influx of South Asian expatriates.
As health-conscious consumers are increasingly interested in pulses, premium varieties, especially organic products, are expected to enjoy increasing demand.