Global Pulse Flours Market to Surpass US$ 90.6 Mn by 2029
The global pulse flours market is projected to reach US$ 90.6 Mn by the end of 2029. The market was valued at US$ 34 Mn in 2019. If these figures hold true, the market will exhibit a CAGR of X% between 2019 and 2029. Rising demand from health-conscious consumers for gluten-free is expected to be the major factor driving this market over the forecast period.
Key Research Findings
- Due to increased customer awareness about the importance of a healthy diet, pulse flours have gained increased acceptance and recognition globally.
- Increased demand for nutritious food ingredients is driving market growth.
- Growing awareness of the protein content of pulse flours has accelerated growth in the industry.
- Factors such as the availability of sufficient vitamins and carbohydrates have led to chickpea becoming a dominant global market for pulse flour.
- Food segment is expected to have one of the largest market shares across application areas.
- Asia Pacific is projected to be the largest pulse flour market in the world, with other major regions being North America and Europe.
- Higher pulse cultivation, technological advancements in agriculture and new opportunities and developments in the food processing industry were some of the main factors that boosted overall pulse flour demand.
COVID-19 Impact Analysis on Market
The global COVID-19 pandemic has posed major challenges to the health of governments around the world. In view of the coronavirus’s significant impacts on public physical and psychological wellbeing, the cultural and financial impacts can seem secondary. The economic consequences, however, would theoretically be of first order significance. In the end, forecasts are difficult since the disease distribution, policy responses, and human actions are uncertain. Though the situation continues to develop, it has already contributed to a major slowdown. Supply chain disruptions due to lockdowns and instability have caused cynicism for both creditors and end-users, and the true measure of recovery can only be measured as the situation progresses.
Pulse Flours Market Structure Analysis
- Some key players in the global pulse flour market are Parakh Agro Industries Ltd., CanMar Grain Products, Best Cooking Pulses, Diefenbaker Spice & Pulse, Globeways Canada, Bean Growers Australia, Agspring, Blue Ribbon, Great Western Grain, Batory Foods, Anchor Ingredients, Archer Daniels Midland, EHL Limited, SunOpta, ADM, The Scoular Company, and Ingredion, among others.
- Key players in the competitive pulse flour market see strategic alliances, mergers, and acquisitions as key growth strategies to solidify their market place, extend their product offerings, and reach out to consumers across different geographies.
Base year considered
Actual estimates/Historical data
2015 - 2019
2020 - 2030
Value (USD) Bn
Product Type, Application and Region
North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA
Parakh Agro Industries Ltd., CanMar Grain Products, Best Cooking Pulses, Diefenbaker Spice & Pulse, Globeways Canada, Bean Growers Australia, Agspring, Blue Ribbon, Great Western Grain, Batory Foods, Anchor Ingredients, Archer Daniels Midland, EHL Limited, SunOpta, ADM, The Scoular Company, and Ingredion, among others.
Revenue forecast, company share, competitive landscape, growth factors, and trends
Food Segment Exhibits High Demand
On the whole, the food segment accounted for the largest market share due to increased demand for healthy and gluten-free goods. This demand for natural and organic ingredients from a larger section of the health-conscious population also encourages producers to cut expenditure on costly ingredient systems and build innovative flour-based systems for optimal use in extruded food products. Pulse flours are used in various food products as replacements for other agricultural products such as wheat, corn, soy, and other conventional ingredients to improve the nutrient content of the final food product. This is one of the factors driving the food industry's pulse flour market. In the food processing industry pulse flours were of enormous importance. In the food segment the largest share was represented by the bakery items sub segment.
Asia-Pacific is the Largest and Fastest Growing Region in the Global Pulse Flour Market
Asia Pacific dominates the demand for pulse flours and North America follows. India is a leading consumer of pulse flours, due to increasing awareness of the benefits of pulse flour products. Furthermore, the main driving force in this area is considered to be improved agricultural growth followed by advances in the food processing and food service industry. In addition, growing demand for organic and green label convenience food items in North American countries such as the U.S. and Canada is expected to fuel pulse flour market growth over the assessment period. North America also accounts for a higher use in food preparation of GM pulse flours, which is projected to boost the global pulse flour market. In addition, ongoing R&D activities to remove unpleasant smell and flavors from pulse flours are likely to fuel the pulse flour market growth.
Growing Demand for Gluten-Free Flour to Push Sales
It is expected that the pulse flour market will be powered by the demand for gluten-free flour and a healthier choice over conventional available meal. Quite a number of consumer applications like texture, emulsifiers, protein ingredients and others. It is anticipated that the high nutrient and protein content in the pulse flour will enable the market penetrate deeper into urban areas as the working class population is likely to choose healthier products before other demography. However, it is expected that the pulse flour market will face competition from other natural protein ingredients available in the market. Furthermore, the increasing demand for nut and oilseed-based flours such as hemp, soy, flax, and almonds may hamper the overall growth of the market.
Chick Pea Flour segment held the leading market share
Pea Flour segment forecast to higher rate of growth
Bakery and snacks segment holds dominance
Processed Meat segment to rise at a higher CAGR
How Growth will Unfold
The pulse flour market is driven primarily by the meal's health benefits. Pulse flours add protein, fiber and micronutrients while minimizing fat that is an unusual property found in a food item. To improve the health qualities of gluten-free products, adding a small amount of pulse flour can be used. Consumers around the world are drawn by the quality of pulse flour. Countries such as India, the U.S., and Canada are the emerging Pulse flour markets, and hence a promising market. Pea and chick pea are commonly used in pulse meal preparation. Pulse flour is best used for cooking a wide range of snacks that cannot be prepared with wheat flour or any other form of food. Hence, Pulse Flour market is expected to grow during the forecast period due to its versatile benefits.
Nonetheless, some restrictions do come with Pulse Flour. Pulse Flour is strictly dependent on the type of pulse used and the manufacturing technique used for pulses that may impede the quality of the flour. Pulse quality also depends on the environment, rainfall, water supplies & water quality, and the use of pesticides & manure that can hinder the quality of finished product or flour. Pulse Flour industry has potential to develop in the APEJ region and in North America. Thousands of Pulse flour companies have started up in the U.S. and Canada over the last few years and they're all doing well. It is important to increase.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Pulse Flours Market: Global Industry Analysis 2015 - 2019 & Opportunity Assessment 2020 - 2030
A recent market study published by Future Market Insights on the Pulse Flours market offers global industry analysis for 2015-2019 & opportunity assessment for 2020–2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the Pulse Flours market, the growth prospects of the market are obtained with maximum precision.
Pulse Flour Market Taxonomy
The global Pulse Flours market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Store Based
- Non-Store Based
- North America
- Latin America
- East Asia
- South Asia
The executive summary of the Pulse Flours market includes the market proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global Pulse Flours market.
Readers can find the detailed segmentation and definition of the Pulse Flours market in this chapter, which will help them understand basic information about the Pulse Flours market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the Pulse Flours market report.
The associated industry assessment of the Pulse Flours market is carried out in this section. The macroeconomic factors affecting growth of the Pulse Flours market are provided in this section and the impact of these macroeconomic indicators on the Pulse Flours market is analyzed. The processing overview and technological advancements in the Pulse Flours market is also provided.
Profit margins at each level of the Pulse Flours market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the Pulse Flours market.
The drivers and restraints impacting the growth of the Pulse Flours market are explained in this chapter. Opportunities and ongoing trends in the Pulse Flours market are also comprehensively discussed.
This chapter includes detailed analysis of the historical Pulse Flours market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2020 – 2021) and incremental opportunity for the forecast period (2020-2030).
Based on Type, the Pulse Flours market is segmented into Lentils, Peas, Beans, and Chickpeas. In this chapter, readers can find information about key trends and developments in the Pulse Flours market and market attractiveness analysis based on raw material.
Based on Distribution Channel, the Pulse Flours market is segmented into Store Based and Non-Store Based. In this chapter, readers can find information about key trends and developments in the Pulse Flours market and market attractiveness analysis based on raw material.
Based on Application, the Pulse Flours market is classified into Bakery, Beverages, Feed, Dairy, and Others. This part also offers market attractiveness analysis based on Application.
This chapter explains how the Pulse Flours market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.
This chapter includes a detailed analysis of the growth of the Pulse Flours market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in the North America region.
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the Pulse Flours market in Latin America. This chapter also includes growth prospects of the Pulse Flours market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the Pulse Flours market based on its end users in several countries such as Germany, U.K., France, Italy, Spain, BENELUX, Nordic, Russia, Poland, and the Rest of Western Europe are included in this chapter.
In this chapter, readers can find information about key trends and developments in the key countries of South Asia such as India, Thailand, Malaysia, Indonesia, Singapore, and Rest of South Asia Pulse Flours market.
This chapter includes a detailed analysis of the growth of the Pulse Flours market in the East Asia region, along with a country-wise assessment that includes, Japan, China, and South Korea. Readers can also find regional trends, regulations, and market growth based on end users and countries in the APEJ region.
This chapter offers insights into how the Pulse Flours market is expected to grow in major countries in the Middle East region such as Australia and New Zealand, during the forecast period 2020-2030.
This chapter contains information about the market growth of Pulse Flours in Middle East region such as GCC Countries, South Africa, North Africa, and the Rest of Middle East, during the forecast period 2020-2030.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Pulse Flours market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of leading manufacturers in the Pulse Flours market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Ingredion Incorporated, Archer Daniels Midland Company, The Scoular Company, SunOpta, ANCHOR INGREDIENTS, EHL Limited, Batory Foods, Diefenbaker Spice & Pulse, Great Western Malting, BEAN GROWERS AUSTRALIA LIMITED, Avena Foods, Blue Ribbon, Alsiano, GPA Capital Foods Pvt Ltd., Groupe Limagrain, Buhler AG, Agspring, LLC, CanMar Foods Ltd., and others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Pulse Flours report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the Pulse Flours market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
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- Sales Executives
- Product Manufacturers
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- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
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- Food and Agriculture Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
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Primary Interview Splits