Russia becomes an active player in the growing pulse market

Published 2024년 9월 2일

Tridge summary

A recent report by Rabobank highlights the growing global demand for pulses, with the market experiencing a 29% growth since 2015 and projected to reach 21 million tonnes by 2024, which is 20% of the global pulse production. The surge in demand is primarily driven by emerging markets where pulses are a crucial protein source and developed countries incorporating them into plant-based meat and dairy alternatives. Despite this growth, the pulse market remains fragmented and requires improved market transparency to attract investment, meet demand, and increase trade volumes. The trade landscape is seeing changes with new key players emerging, such as Russia, Argentina, Turkey, and Egypt. However, the pulse industry continues to face barriers to entry, remaining a niche market compared to grains.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Demand for pulses is growing globally, opening up opportunities for new and established players, according to a new report from Rabobank. Pulses have become an important contributor to sustainable agriculture thanks to their natural soil-improving and greenhouse gas-sinking properties. However, they remain a highly fragmented niche segment in the global grain and oilseed market. According to a new report from Rabobank, greater market transparency is needed to attract investment in the sector, meet growing demand for pulses and increase trade volumes. Vito Martielli, Senior Grains and Oilseeds Analyst at Rabobank, who wrote the report, said that global demand for pulses is driven by two main factors. In emerging markets, pulses are increasingly sought after as an affordable and important source of protein. Meanwhile, in developed countries, pulses are becoming a staple in the growing plant-based meat and dairy substitutes sector. “It should be noted that prices are volatile and the ...
Source: Zol

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