The new report by Expert Market Research titled, ‘Global Pulse Flour Market Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the global pulse flour market, assessing the market based on its segments like category, product type, application, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 6.8%
The growth in the market has been aided by the rising health concerns and the growing demand for gluten-free products, especially in emerging economies like India and to shift towards healthier diet, consumers with more purchasing power have been including diverse flours, such as pea, lentils, beans, and chickpea, into their daily meals. Pulses have a number of health advantages, including decreasing the risk of cardiovascular disease and aiding weight loss. Pulses’ positive health effects are expected to push the industry ahead. Increased uses of pulse flours in goods such as feeds, pet food applications, and others are also projected to help the market.
Industry Definition and Major Segments
Pulses such as peas, chickpeas, beans, and lentils are dried and ground to make pulse flour. After then, it’s processed and employed in a range of food-related sectors. Pulses are edible seeds from the legume family that grow in pods, and it come in a variety of shapes, sizes, and colours.
By category, the market is divided into:
• Organic Flour
• Conventional Flour
By product type, the market is divided into:
• Bean
• Chickpea
• Lentil
• Pea
Based on application, the market is divided into:
• Bakery
• Extruded Snacks
• Pet Food and Feed
• Others
The global regions for pulse flour market include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
The rapidly developing worldwide gluten-free and health food markets, as well as the development potential for low Glycemic Index (GI) foods and other niche and specialty pulse products, are driving product demand. The novelty of the flour has attracted customers all around the world, boosting the market’s expansion throughout time. Rising consumer awareness of health and nutrition is predicted to boost product demand throughout the forecast period. The increased preference for healthy alternatives to traditional barley flour, rye flour, and wheat is predicted to boost the worldwide market for pulse flour. Consumer demand for vegetarian diets and clean product labelling is on the rise, which is expected to fuel market expansion.
Key Market Players
The major players in the market are Avena Foods, Limited, AGT Food and Ingredients Inc., Groupe, Limagrain Holding, Bühler AG, Ingredion Incorporated, Ardent Mills, LLC and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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