Is the Pulse Flour Market Ready to Go Mainstream?
Market Highlights
The Global Pulse
Flour Market is accounted to register a CAGR of 12.5% during the forecast
period and is estimated to reach USD 20.29 Billion by 2030.
The Global Pulse Flour Market refers to the worldwide economic system and
trade network involved in the production, distribution, and consumption of
pulse flours. Pulse flours are derived from leguminous crops such as lentils,
chickpeas, peas, and beans. These flours are rich in protein, fiber, and
essential nutrients, making them a valuable ingredient in various food
products.
Factors influencing the Global Pulse Flour Market include changes in
consumer preferences towards healthier food options, increased demand for
plant-based proteins, rising awareness about the nutritional benefits of pulse
flours, and advancements in processing technologies that enhance the
functionality and quality of pulse-based products.
Segment Analysis
The Global Pulse Flour Market has been segmented based on
form, application and sales channel.
On the basis of form, the market is segmented into Bean, Lentils and Chickpea. The
chickpeas segment held the majority share in 2022 in the Pulse Flour market
data. Chickpeas are a wonderful source of proteins, vitamins, minerals, and
carbs and have a lot of dietary fiber.
Based on application, the market has been segmented into Meat products, Beverages and Bakery
products. The bakery products segment dominated the market. The rapidly
expanding gluten-free and health food industries and the rising potential for
low Glycemic Index (GI) foods and other specialty and niche pulse products are
driving up demand for the product.
Based on sales channel, the market has been segmented into Store-Based and Non-Store Based. The
store-based segment has dominated this market due to a strong manufacturing
supply chain in the supermarket, convenience stores and grocery stores,
contributing to its share.
Regional Analysis
The Global Pulse Flour Industry,
based on region, has been divided into the North America, Europe, Asia-Pacific,
and Rest of the World. North America consists of US and Canada. The Europe Global
Pulse Flour Market comprises of Germany, France, the UK, Italy, Spain, and the
rest of Europe. The Global Pulse Flour Market in Asia-Pacific has been
segmented into China, India, Japan, Australia, South Korea, and the rest of
Asia-Pacific. The Rest of the World Global Pulse Flour Market comprises of
Middle East, Africa, and Latin America.
North
America has witnessed growing interest in pulse flours due to the rising demand
for gluten-free and plant-based products. The United States and Canada are
major consumers and producers of pulse flours. The market is driven by
health-conscious consumers seeking protein-rich alternatives. Applications
include snacks, bakery products, and ready-to-eat meals.
European
countries are progressively adopting pulse flours due to their nutritional
value and sustainability. Mediterranean nations have a tradition of using
chickpea and lentil flours in their cuisines. Growing vegan and vegetarian
trends contribute to the market growth.
In Asia
pacific regions like India, lentil and chickpea flours (known as besan) are
integral to traditional cuisine. Pulse flours are also used in snacks like
pakoras and papads. The Asia-Pacific market is influenced by these culinary
practices.
Furthermore, the rest of the world's Global Pulse Flour
Market is divided into the Middle East, Africa, and Latin America. Pulse crops like beans and lentils
are staples in Latin American diets. This region plays a significant role in
both production and consumption of pulse flours. The market is influenced by
local cuisines and traditional dishes. Growing awareness of the nutritional
benefits of pulse flours drives market expansion.
Key Findings of the Study
·
The Global Pulse Flour Market is expected to
reach USD 20.29 Billion by 2030, at a CAGR of 12.5% during the forecast period.
· In Asia pacific regions like India,
lentil and chickpea flours (known as besan) are integral to traditional
cuisine. Pulse flours are also used in snacks like pakoras and papads. The
Asia-Pacific market is influenced by these culinary practices.
·
Based on application, the market has been
segmented into Bakery products
holding the largest market in 2022.
·
Archer
Daniels Midland, SunOpta, Blue Ribbon LLC, The Scoular Company, Batory Foods
Inc., Ingredion Incorporated, and Anchor Ingredients Co. LLC.
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