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Key players are focusing on product innovations to retain their market position in matured regions.
DUBAI, UAE / ACCESSWIRE / January 20, 2021 / As per FMI's recent report on the global pulse ingredients market is likely to reflect a steady CAGR of 5.2%, during 2019-2029. Mounting demand for plant-based and vegan products is bolstering the demand for pulse-based ingredients across the globe. With the outbreak of COVID-19, there is a shift in consumer's diet preference as they are more inclined towards utilizing pulse-based ingredients owing to its inherent properties for health benefit.
"Suring demand for gluten-free and clean label food items will offer market participants prospects to leverage on untapped potential in the market" states the FMI analyst.