The global pulses market is expected to grow at a CAGR of close to 5% during the period 2018-2022, according to a new market research study by Technavio
This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180302005754/en/
Technavio has published a new market research report on the global pulses market from 2018-2022. (Graphic: Business Wire)
The report presents a comprehensive research of the global pulses market by product, including beans, peas, and chickpeas. The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, the Americas, and EMEA.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy2 reports and get the third for FREEView all Technavio's current offers
Market driver: increasing production of pulses
One of the major growth drivers of theglobal pulses market is the increasing production of pulses across the globe. The demand for pulses is growing in APAC, primarily driven by the increasing consumption in India. The producers are increasing the production to meet the growing demand for pulses, which is further expected to increase during the forecast period. Global pulses production has increased by more than 50% between 2000 and 2017. India is a leading producer, consumer, and importer of pulses worldwide.
According to a senior analyst at Technavio for food research, "India is the largest producer of pulses and accounts for about 25% of the global production. India is followed by Canada that accounts for about 7.5% of the global pulses production. The area under pulse cultivation is also increasing and is anticipated to increase further during the forecast period."
Looking for more information on this market? Request a free sample report
Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Market trend: online trends
The growth of the e-commerce businesses across the world has presented an opportunity for the players to increase their profitability. As of 2016, the e-commerce channelaccounted for approximately 12% of the world's retail trade. The online and e-commerce channels support both business-to-business (B2B) and business-to-consumer (B2C) operations. The amount of money spent online and the number of transactions, which take place online are increasing rapidly worldwide. The growing number of internet users and the surging internet penetration are also fueling the growth of this retail channel. For instance, internet retailing is anticipated to gain popularity in the APAC region during the forecast period because of the increasing number of internet users in the region.
Market challenge: increasing contamination in pulses
One of the major challenges hindering the growth of the global pulses market is the rising contaminations of pulses. Product contamination can negatively affect the health of the consumers and the revenue stream and the goodwill of a company. Sometimes companies issue product recalls because of product contamination, and this can result in additional financial liability for the company.
Is your business on track for a successful future? Learn how Technavio can help
Technavio helps businesses anticipate changes in their marketplace, make proactive adjustments, and develop effective strategies to optimize their market positions.
About Technavio
Technaviois a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20180302005754/en/
Contacts:
Technavio Research
Jesse Maida
Media Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com