Market Analysis
The global pulse flours market is likely to grow at a 12.5% CAGR between 2020-2027, reveals the new Market Research Future (MRFR) report. Pulse flours are made by grinding dried pulses like pea, lentil, chickpea, bean, and others. They are rich in dietary fiber, carbohydrates, minerals, vitamins, and protein. Pulse flour has wide applications in different cuisines as well as is a substitute to rice flour or traditional wheat owing to its multiple health benefits such as minimizes the risk of heart attack, treat kidney stone, help in weight management, and improve digestion.
Numerous factors are adding to the global pulse flours market growth. Such factors, as revealed by the latest MRFR report, include favorable initiatives by the government to endorse pulse flour, extensive research, and development by producers to make new products, advancements newer opportunities in the food processing industry, rising advancement in agriculture, and increasing cultivation of pulses. Additional factors propelling the pulse flours market trends include burgeoning demand for gluten-free flour, surging awareness among consumers regarding nutrition and health, growing demand for healthy food products, and high protein content of pulses.
On the contrary, fluctuation in prices, GM origin products being banned in Europe, and the unpleasant flavor of pulses are factors that may hinder the pulse flours market growth over the forecast period.
Market Segmentation
The Market Research Future Report provides an inclusive segmental analysis of the global pulse flours market based on type, application, and distribution channel.
By type, the pulse flours market is segmented into pea, lentil, chickpea, bean, and others. Of these, the chickpea segment will lead the market over the forecast period followed by lentil for its multiple health benefits such as weight regulation, improved digestion, and maintenance of blood glucose level.
By application, the pulse flours market is segmented into meat products, savory snacks, bakery products, beverages, and others. Of these, bakery products will dominate the market over the forecast period for its increasing use in various bakery confectionery products.
By distribution channel, the pulse flours market is segmented into non-store based and store-based distribution channel. Of these, the store-based distribution channel will have a major share in the market over the forecast period for the one-stop shopping experience.
Regional Analysis
By region, the global pulse flours market insights covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), and the Rest of the World (RoW). Of these, the APAC region is predicted to dominate the market over the forecast period. Factors propelling the global pulse flours market growth in the region include innovations in the foodservice and food processing industry, improved agricultural growth, high production easy availability of chickpea, and increasing awareness about the health benefits of consuming pulse flours. India is a key contributor in the region for higher pulse flour consumption.
The global pulse flours market in North America will have healthy growth over the forecast period for the growing demand for green label and organic convenience food products, ongoing research and development activities for eliminating unpleasant flavors and smell from the pulse, increasing health consciousness, demand for gluten-free, low carb and whole-grain products, and increasing consumption of chickpea flour which is an excellent source of protein. Canada and the US are the key contributors in the region.
The global pulse flours market in Europe will have a steady growth over the forecast period for the growing demand for healthy bakery products. Prohibition of GM origin products and unpleasant flavor are factors that may limit the pulse flours market growth in the region.
The pulse flours market in the RoW is predicted to have stable growth over the forecast period.
Key Players
Eminent players profiled in the pulse flours market report include Blue Ribbon, LLC (U.S.), Anchor Ingredients Co., LLC (U.S.), Batory Foods, Inc. (U.S.), The Scoular Company (U.S.), Ingredion Incorporated (U.S.), SunOpta (Canada), and Archer Daniels Midland (U.S.).
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