Increasing demand for gluten free food and rising health consciousness among consumers are acting as key growth factors for global pulse flours market.
According to TechSci Research report, “Global Pulse Flours Market By Type (Pea, Bean, Chickpea, Lentil), By Application (Feed, Food (Extruded Food, Beverages, Meat Products and Others) and Others), By Region, Forecast & Opportunities, 2025”, the market is poised to undergo a rapid CAGR during the forecast period. Increasing health consciousness and rising demand for high nutrient containing food are acting as key growth driver for global pulse flours market. Moreover, pulse flours are finding wide application in bakery products such as bread, patties, and cakes. The reason can be attributed to high demand for gluten-free food around the world. Apart from this, growing usage of pulse flours in snacks as well as convenience food is expected to fuel the market growth in next five years. Also, wheat flours are increasingly being replaced by chick pea flour as the former serves as an excellent protein source for vegetarians and vegans.
Furthermore, growing inclination of people towards fitness activities like gyming is creating demand for high protein content food which is augmenting the growth of global pulse flours market. Another major factor propelling the growth of this market are increased application of pulse flours in feeds and pet foods. The increased product innovation and entry of new market players are further boosting the global pulse flours market growth. Moreover, growing preference of consumers towards organic food products is providing lucrative growth opportunities for pulse flour manufactures. With increasing consumer population preferring vegetarian diets and clean product labels, the global pulse flours market is anticipated to grow significantly through 2025.
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Global pulse flours market is segmented based on type, application, and region. Based on type, the market can be segmented into pea, bean, chickpea, and lentil. Among them, lentils held dominant position in global pulse flours market until 2019 owing to their high nutritional value and increasing demand in global market. Lentils are low in sodium and fat and are also proved to be cholesterol-free which is leading to their increased consumption around the world.
Based on application, global pulse flours market can be segmented into feed, food, and others. The food segment is further split into extruded food, beverages, meat products and others. Among them, the food segment held largest market share until 019 and is further expected to undergo significant growth through 2025. The reasons can be attributed to high consumption of pulse based food items such as lentil chips, lentil crackers and hummus chips.
Major players operating in the global pulse flours market are Archer Daniels Midland Company (ADM), AGSPRING, AGT Food & Ingredients, Ingredion Incorporated, The Buhler Holding AG, Avena Foods Limited, Groupe Limagrain and Ardent Mills. Key growth strategies being adopted by leading market players are product innovation, joint ventures and mergers & acquisitions.
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“Asia Pacific is expected to be the most revenue generated region for pulse flours market in coming years owing to improved agricultural growth in countries like India and Indonesia over the last decade. The advancement in seed genetics and introduction of new technologies in farming is leading to flourishing farming sector in the region. Moreover, growing awareness pertaining to the health benefits of pulse flours among people in Asia Pacific is providing profitable growth opportunities for pulse flour manufactures,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Pulse Flours Market By Type (Pea, Bean, Chickpea, Lentil), By Application (Feed, Food (Extruded Food, Beverages, Meat Products and Others) and Others), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of pulse flours market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global pulse flours market.
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