PUBLISHER: KBV Research | PRODUCT CODE: 1599466
PUBLISHER: KBV Research | PRODUCT CODE: 1599466
The Asia Pacific Pulse Flour Market would witness market growth of 14.0% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 2,426.07 Kilo Tonnes, showcasing a growth of 13.9% (2020-2023).
Lentil flour is a prominent product in this market, made by finely milling dried lentils, which are a rich source of protein, dietary fiber, and essential nutrients such as iron, potassium, and B vitamins. It is available in various types, including red, green, and yellow lentil flour, each offering unique flavor profiles and nutritional benefits. Lentil flour is highly valued for its versatility, serving as a key ingredient in gluten-free products, bakery items, snacks, pasta, and plant-based foods. Thus, the Lentil segment in China market consumed 70.24 Kilo Tonnes in 2023.
The India market dominated the Asia Pacific Pulse Flour Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $11,935 million by 2031. The Japan market is registering a CAGR of 12.7% during (2024 - 2031). Additionally, The China market would showcase a CAGR of 12.1% during (2024 - 2031).
In addition to the food industry, the rise of plant-based diets has significantly contributed to the growth of this market. With increasing numbers of consumers adopting vegan and vegetarian lifestyles, there is a heightened demand for plant-based protein sources. This flour offers a viable solution, providing high protein content, essential amino acids, and dietary fiber.
Advancements in food processing technologies have also bolstered the market's expansion. Innovations in milling and processing have improved the quality and functionality of these flours, enabling their use in a wider range of applications. Enhanced processing techniques have addressed flavor neutrality and consistency challenges, making these flours more appealing to consumers and manufacturers.
Australia stands out as a leading exporter of pulses, leveraging its high-quality production and advanced agricultural practices. Domestically, the use of these flours in baking and plant-based protein products is increasing, supported by the country's health-conscious consumer base. The Australian government actively promotes pulse cultivation through initiatives like the Grains Research and Development Corporation (GRDC), which funds research on sustainable farming and pulse processing technologies. Export demand, particularly from Asia and the Middle East, also drives investment in this flour production, strengthening Australia's position in the market. Thus, the pulse flour market in the Asia Pacific reflects a diverse and dynamic growth trajectory.
Based on Product, the market is segmented into Chickpea, Pea, Lentil, and Other Products. Based on Application, the market is segmented into Bakery & Snacks, Dairy, Beverages, and Other Applications. Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Departmental Stores, Online Stores, Specialty Stores, and Other Distribution Channels. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
Asia Pacific Pulse Flour Market Report Segmentation
By Product (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)