Pulse Flour Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Pulse Flour Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : March, 2020 | Food and Beverages | PPT format

Report Digest


Global Pulse Flour Market: Snapshot

With the increasing usage of pulse flour as an essential ingredient of functional food, the global pulse flour market is witnessing a substantial surge in its size and valuation. Although the future of this market looks thriving, the limited applicability of pulse flour may hamper its progress in the years to come.

Various types of pulse flour, especially made of pea, lentils, chickpea, and several other legumes, are found commercially across the world. The demand for chickpea flour has been higher than other types of pulse flour. Thanks to presence of various nutritional elements, such as sodium, selenium, potassium, iron, and magnesium, the trend is likely to continue in the years to come. Apart from this, the increasing awareness regarding the benefits of chickpea flour consumption, such as controlling diabetes, obesity, coronary heart diseases, and cancer, is also expected to fuel its demand over the forthcoming years.

Majorly, pulse flour finds high demand in the food and beverages, dairy, and the bakery and snacks industries. Among these, the bakery and snacks industry has emerged as the key contributor to the demand for pulse floor across the world. Researchers anticipate this trend to remain so over the next few years.

Global Pulse Flour Market: Overview

The global pulse flour market is rising due to several favorable reasons. Pulse flour is increasingly used as a functional food item and is obtained from the hull of pulses such as lentils, chickpea, pea, and other legumes. This is because pulses have low fat, high fiber, and low glycemic index. Moreover, pulses exhibit significant advantages over wheat flour and rice. Moreover, pulses can be mixed with rare elements such as potassium, selenium, and sodium to obtain fortified product variants.

The pulse flour market can be analyzed with respect to application, product, and geographical reach.

Global Pulse Flour Market: Trends and Opportunities

The increasing awareness among consumers about the importance of protein-rich diet for good health in the long run is expected to slow down consumption of wheat flour and rice, thereby positively influencing the growth of the pulse flour market. The increasing vegetarian population across the world is augmenting the demand for pulse flours.

The gluten-free nature of pulse flour and its ability to enhance the texture and shelf-life of food is likely to boost the market’s growth. The consumption of gluten-free foods is on the rise to boost innate immune response and for the treatment of joint pain.

Extensive research by product manufacturers over the past few years for newer applications of pulse flour such as animal feed and fortified foods is further augmenting the market’s growth. Product manufacturers have also been engaged in pulse refining techniques of new pulse varieties. This is expected to further bolster the market’s growth.

Bakery and snacks account for a major share of the global pulse flour market. This is because common pulses when combined with flour for making bread is attracting consumers for a new taste and enhanced nutritional value of the end product. Pulse flour easily substitutes other flours in bread without altering the taste much, which is expected to drive the demand for this commodity in the future.

Lentil pulse flour is expected to account for a substantial revenue to the overall market in the coming years. This is because due several foodstuffs are reformulated with lentil flour to increase their protein content.

Global Pulse Flour Market: Regional Overview

Europe stood as the largest market for pulse flour in the recent past. However, North America and Asia Pacific are expected to emerge as major markets for pulse flour. The high consumption of beverages such as energy and sports drink in these regions that consist pulse flour is likely to augment the demand for pulse flour for beverage production.

The Middle East and Africa is expected to emerge as a significant market for pulse flour. Pulse flour is extensively used in hummus, soups, tajines, and curries. In addition, it is used in frozen prepared meat, processed meat, and salads to magnify the nutritional value of food. The increasing population combined with the developing food service industry is expected to have a positive impact on the growth of the pulse flour market in this region. Moreover, the growing hospitality industry in the region, particularly in Egypt, Israel, Morocco, and UAE is expected to drive the demand for processed pulses for new recipes.
     
Global Pulse Flour Market: Competitive Overview

Some of the key vendors that operate in the global pulse flour market include Ingredion Incorporated, Best Cooking Pulses Inc., Harvest Innovations, Diefenbaker Seed Pocessors, Ganesh Grains Ltd., ADM, AGT Food & Ingredients, CanMar Grain Products, and Parakh Agro Industries Ltd.

Key market players are focused on new product development and partnerships for strengthening their position in this market.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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