29-Nov-2022 | Zion Market Research
The global pulse flour market size was worth around USD 18.5 billion in 2021 and is predicted to grow to around USD 31.3 billion by 2028 with a compound annual growth rate (CAGR) of roughly 7.8% between 2022 and 2028.
Pulses are legumes that are found in all the agricultural nations of the world. Pulse flour is milled, dried pulses, which are refined further for using them in different applications. Pulse flour can be used as a substitute for traditional flour like wheat, soy, etc. Some of the popular pulses used for making pulse flour include lentils, broad beans, yellow peas, and beans, among others. The popularity of the global pulse flour market can be attributed to the increasing consumption of gluten-free food products in developed countries.
The major growth driver in the global pulse flour market is the increase in the demand for gluten-free flour. In addition, pulse flour is healthier in comparison to traditional flour. Pulse flour has high nutritional content, including proteins, which is contributing to the increased adoption of pulse flour by health-conscious people. Pulse flours are also used as substitutes for varied agricultural products, such as soy, wheat, corn, etc. These are some of the factors fueling the expansion of the global market for pulse flour. However, the fluctuation in the prices of pulses is expected to impede the growth of the market during the forecast period.
The global pulse flour market is segmented based on the type, application, industry vertical, distribution channel, and region.
The global market is divided into pea, bean, chickpea, lentil, and other segments depending on the type. In 2021, the chickpea market category held the largest share, and it is anticipated that it will continue to dominate during the projected period. Chickpeas offer a lot of dietary fiber and are a great source of carbohydrates, proteins, vitamins, and minerals. Additionally, chickpea flour provides various health benefits, such as better digestion, weight control, a lower risk of heart attack, and stability of blood sugar. The demand for chickpeas has increased as a result of these variables. Due to the segment's expanding use in the creation of soups, sauces, dips, and spreads, the market is projected to grow.
The market is categorized based on application, including baked food, extruded food, meat products, drinks, feed, and others. In 2021, the bakery food segment had the major revenue share, and it is anticipated that it will continue to dominate during the forecast period. The segment's growth is predicted to be fueled by rising consumer awareness of the benefits of a healthy diet that includes natural, organic, and gluten-free foods. Additionally, factors like the availability of a broad range of products with continuous innovation are anticipated to favorably impact growth in the years to come. The increasing demand for gluten-free bread is the primary driver of the bakery food business.
The global market for pulse flour is segmented into departmental stores, specialty shops, online retailers, and supermarkets & hypermarkets. The market is expected to be dominated by the supermarkets and hypermarkets sector throughout the forecast period because they make a variety of goods easily accessible under one roof. As a result, customers can select products from a wide range of availability. Since more seasonal displays now feature gluten-free products, more new products are being marketed, expanding the market. In supermarkets, managing a single large customer base is easier than managing a substantial number of independent, smaller customers. Due to their access to enormous consumer bases, supermarkets and hypermarkets produce a significant quantity of sales.
The market for pulse flour is divided into five regions based on geography: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is expected to dominate the global pulse flour market during the forecast period. The growth in the region is attributed to the increasing consumption of healthy food products owing to the increasing prevalence of various diseases such as cardiac disease and others. For instance, according to the World Health Organization, approximately 697,000 people die of heart disease in the United States every year which is 1 in every 5 deaths. Thus, driving regional growth during the forecast period.
The global pulse flour market is dominated by players like AGT Food and Ingredients, ADM, Ingredion, Buhler, Avena Foods Limited, Limagrain, ARDENT MILLS, ANCHOR INGREDIENTS, Diefenbaker Spice & Pulse, and The Scoular Company, among others.
This review is based on a report by Zion Market Research, titled “Pulse Flour Market By Type (Pea, Bean, Chickpea, Lentil, and Others), By Application (Bakery Food, Extruded Food, Meat Products, Beverages, Feed, and Others), By Industry Vertical (Nutraceuticals, Bakery Industry, Personal Care, Food & Beverage, Healthcare, and Others), By Distribution Channel (Supermarkets and Hypermarkets, Departmental Stores, Online Stores, and Specialty Shops), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.”- Report at https://www.zionmarketresearch.com/report/pulse-flour-market
The global pulse flour market is segmented as follows:
By Industry Vertical
By Distribution Channel
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