Pulse Flour Market Size, Share, Trends and Forecast 2030, by Types (Chickpea Flour, Lentil Flour, Pea Flour, Bean Flour) by Applications (Bakery, Snacks, Pasta, Beverages, Meat alternatives)

Report ID :
2039

Publisher ID :
theinsightbridge

Published :
2023-05-29

Pages :
150

Purchase Option
$4500

Pulse Flour Market Introduction 

Pulse flour refers to the type of flour that is derived from pulses, which are the edible seeds of legumes such as peas, lentils, chickpeas, and beans. Pulse flour is high in protein, fiber, and other important nutrients, making it a popular choice among health-conscious consumers.Pulse flour is widely used in a variety of food applications, including bread, pasta, snacks, and baked goods. It is also used as a gluten-free alternative to wheat flour in many recipes.The pulse flour market is expected to grow significantly in the coming years, driven by increasing consumer demand for healthier and more sustainable food products. The market is also expected to benefit from growing awareness of the nutritional benefits of pulse flour and the increasing popularity of plant-based diets.

Pulse Flour Market  Size

The global pulse flour market size was valued at USD 18.8 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 7.2% from 2021 to 2028. The increasing demand for healthy food products and the growing awareness of the nutritional benefits of pulse flour are expected to be the key drivers of this growth.In terms of volume, the global pulse flour market was estimated at 5.5 million tons in 2020 and is expected to reach 9.2 million tons by 2028, growing at a CAGR of 6.5% during the forecast period. The growing popularity of plant-based diets and the increasing demand for gluten-free alternatives to wheat flour are expected to drive the demand for pulse flour in the coming years.

Pulse Flour Market  Share

The pulse flour market is highly fragmented, with several key players operating in the market. Some of the major players in the market include AGT Food and Ingredients, Ingredion, ADM, SunOpta, and Batory Foods, among others.In terms of market share, AGT Food and Ingredients is one of the leading players in the pulse flour market. The company is involved in the production, processing, and distribution of pulses and pulse-based ingredients, including pulse flours. Other major players in the market include Ingredion, which offers a range of pulse-based ingredients for use in food products, and ADM, which produces pulse flours and other pulse-based ingredients.The North American region is expected to hold the largest share of the pulse flour market due to the increasing demand for healthy food products and the growing popularity of plant-based diets in the region. However, the Asia Pacific region is expected to grow at the highest CAGR during the forecast period due to the increasing population and the rising demand for healthy and nutritious food products.

Pulse Flour Market  Trends

Some of the current trends in the pulse flour market include:

  1. Increasing demand for plant-based protein: With the growing awareness of the health benefits of plant-based diets, there has been a significant increase in demand for pulse-based protein products. Pulse flours are a rich source of plant-based protein and are being increasingly used as an alternative to animal-based protein sources.
  2. Growing demand for gluten-free products: The increasing prevalence of celiac disease and gluten intolerance has led to a growing demand for gluten-free products. Pulse flours are a popular alternative to wheat flour and are increasingly being used in gluten-free products.
  3. Rising popularity of veganism: The rising popularity of veganism has led to an increase in demand for plant-based food products. Pulse flours are an excellent source of plant-based protein and are being increasingly used in vegan food products.
  4. Innovation in product development: With increasing competition in the market, companies are investing heavily in research and development to come up with innovative pulse flour products that cater to changing consumer preferences.
  5. Growing demand for sustainable food products: Consumers are increasingly conscious of the environmental impact of their food choices and are looking for more sustainable food products. Pulse flours are a sustainable alternative to animal-based protein sources and are being increasingly used in sustainable food products.

Pulse Flour Market Driving factors

Some of the key driving factors for the pulse flour market include:

  1. Health benefits: Pulse flours are rich in fiber, protein, and other nutrients, making them a healthy alternative to traditional wheat flours. The increasing awareness of the health benefits of pulse flours is driving the demand for these products.
  2. Increasing demand for plant-based protein: With the growing popularity of plant-based diets, there has been a significant increase in demand for pulse-based protein products. Pulse flours are a rich source of plant-based protein and are being increasingly used as an alternative to animal-based protein sources.
  3. Growing demand for gluten-free products: The increasing prevalence of celiac disease and gluten intolerance has led to a growing demand for gluten-free products. Pulse flours are a popular alternative to wheat flour and are increasingly being used in gluten-free products.
  4. Rising popularity of veganism: The rising popularity of veganism has led to an increase in demand for plant-based food products. Pulse flours are an excellent source of plant-based protein and are being increasingly used in vegan food products.
  5. Increasing disposable income: As disposable income levels rise, consumers are willing to spend more on premium food products. Pulse flours are considered a premium product due to their health benefits and are increasingly being used in premium food products.
  6. Technological advancements: With the help of technological advancements, pulse flour manufacturers are able to improve the quality of their products and produce them on a larger scale. This has led to a reduction in the cost of production and an increase in the availability of pulse flour products.

Pulse Flour Market  Reginal Analysis

The pulse flour market can be analyzed on a regional basis as follows:

  1. North America: The North American region, particularly the US and Canada, are among the largest producers and consumers of pulse flours. The high demand for gluten-free and plant-based food products is driving the growth of the pulse flour market in this region.
  2. Europe: Europe is another significant market for pulse flours due to the increasing popularity of gluten-free and plant-based food products. The region also has a well-established food processing industry, which is driving the demand for pulse flours.
  3. Asia-Pacific: The Asia-Pacific region, particularly India, is a major producer and consumer of pulse flours. The region has a large vegetarian population, which is driving the demand for plant-based protein products. Additionally, the increasing disposable income levels in the region are driving the demand for premium food products, including pulse flours.
  4. Latin America: Latin America is an emerging market for pulse flours, with countries such as Brazil and Argentina being major producers of pulses. The region has a significant population that is dependent on plant-based protein sources, which is driving the demand for pulse flours.
  5. Middle East and Africa: The Middle East and Africa region has a significant demand for pulse flours, particularly for the production of traditional food products such as hummus and falafel. Additionally, the rising demand for gluten-free products in the region is driving the growth of the pulse flour market.

Pulse Flour Market  Forecasts 2030

The global pulse flour market is expected to continue growing over the next decade, with several factors driving the market. The pulse flour market is projected to reach USD 28.2 billion by 2030, growing at a CAGR of 11.3% from 2021 to 2030.One of the key drivers of the market growth is the increasing demand for plant-based protein products, particularly in regions with high vegetarian populations. The rising awareness about the health benefits of pulse flours, such as their high protein and fiber content, is also driving the market growth.Another factor driving the growth of the pulse flour market is the increasing prevalence of celiac disease and gluten intolerance, which has led to the rising demand for gluten-free food products. Pulse flours are a popular ingredient in gluten-free products due to their nutritional profile and functional properties.Moreover, the increasing demand for clean label food products and the rising interest in sustainable and ethical food sourcing practices are also driving the growth of the pulse flour market. The growing popularity of ethnic and traditional food products is also expected to contribute to the market growth.Based on these factors, it is expected that the pulse flour market will continue to grow in the coming years, with a particular focus on developing new products and applications for pulse flours in various food industries.

Pulse Flour Market Key Industry Players

Some of the key players in the global pulse flour market include:

  1. AGT Food and Ingredients Inc.
  2. Ingredion Incorporated
  3. ADM
  4. The Scoular Company
  5. Batory Foods
  6. Diefenbaker Spice & Pulse
  7. Best Cooking Pulses Inc.
  8. Anchor Ingredients Co., LLC
  9. SunOpta
  10. The Archer Daniels Midland Company

These companies are actively engaged in expanding their product portfolios, developing new pulse flour products, and expanding their distribution networks to meet the growing demand for pulse flour products worldwide. They are also focused on adopting sustainable and ethical sourcing practices and investing in research and development to offer innovative products to their customers.

 

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