Market Analysis
The global Pulse Flours Industry is likely to grow at a 12.5% CAGRbetween 2017- 2023, 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 Industry 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 Industry growth 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 bannedin Europe, and the unpleasant flavor of pulses are factors that may hinder the Pulse
Flours Industry growth over the forecast period.
Key Players
Eminent players profiled in the Pulse Flours Industry report includeBlue 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.).
Regional Analysis
By region, the global Pulse FloursIndustry covers the growth opportunities and recent trends across Europe, NorthAmerica, 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 Industry 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 Industry in North America will have healthygrowth 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 Industry in Europe will have a steady growthover 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 Industry growth in the region.
The Pulse Flours Industry in the RoW is predicted to have stable growthover the forecast period.
Market Segmentation
The Market Research Future Report provides an inclusive segmentalanalysis of the global Pulse Flours Industry based on type, application, and
distribution channel.
By type, the Pulse Flour Market issegmented 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 Industry is segmented into meatproducts, 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 Industry is segmented intonon-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.
NOTE: Our Team of Researchers are Studying Covid19and its Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
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