PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1324392
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1324392
According to Stratistics MRC, the Global Pulse Flour Market is accounted for $24.77 billion in 2023 and is expected to reach $62.75 billion by 2030 growing at a CAGR of 14.2% during the forecast period. Pulses are ground and milled to create flour, which is then refined for use in a variety of applications. In place of conventional flours like wheat, corn, and soy, pulse flour is typically used. Pulse flour is used in a variety of dishes as well as in the creation of baked goods because of how versatile it is. In order to enhance the dough's qualities and raise the product's protein content, it is also used in the snack food industry.
According to the Mayo Clinic, 3.1 million Americans follow a gluten-free diet, and 72% of them are classified as PWAGs or people without celiac disease avoiding gluten.
The global Pulse Flour market expected to drive growth during the forecast period, due to the rising incidence of celiac disease and gluten sensitivities, as well as the expanding popularity of healthy eating, there has been an increase in the demand for gluten-free products in recent years. For people with celiac disease or gluten sensitivities, pulse flour is a well-liked substitute for regular wheat flour. Moreover, the market for pulse flour has been significantly influenced by the rising demand for gluten-free products.
The global Pulse Flour market expected to hinder growth during the forecast period. The availability of pulse flour is constrained because pulse crops are not as widely grown as other crops like wheat or corn. Because it restricts the supply chain and raises production costs, this is a significant barrier to the market for pulse flour. Furthermore, there are additional uncertainties in the supply chain due to the dependence of pulse crop production on various variables, such as weather.
The global Pulse Flour market expected to drive growth during the forecast period. Vegetarianism and veganism are becoming more popular, which is boosting demand for food made from plants. Pulse flour is a great option for vegan and vegetarian food products because it is a rich source of plant-based protein. The market for pulse flour has a sizable opportunity because of this. However, pulse flour is a perfect component for plant-based protein substitutes because the popularity of veganism and vegetarianism is increasing the demand for plant-based food products.
Pulse flour's use in the food industry may be constrained by competition from other alternative flours like coconut flour, almond flour, and others. Moreover, the market for pulse flour may also be threatened by the low cost of these alternative flours. While competition from other alternative flours may hinder the use of pulse flour in the food industry, its special nutritional advantages, such as its high protein and fiber content, low glycemic index, and versatility in a variety of food applications, may help it stay a popular option among consumers who are concerned about their health.
The COVID-19 pandemic has had a conflicting effect on the market for pulse flour. On the one hand, the growing popularity of healthy eating and the need for plant-based protein sources have increased the demand for pulse flour. Additionally, the demand for pulse flour has been fueled by the rising demand for gluten-free goods. However, the pandemic has also impacted the production and distribution of pulse crops and pulse flour, disrupting the supply chain. The demand for pulse flour has also been impacted by the closing of eating places like cafes and restaurants.
During the anticipated period, the chickpea flour segment is anticipated to hold the largest market share in the pulse flour sector, due to its nutty flavor, high protein content, and versatility, chickpea flour is a preferred ingredient in many food applications, including bakery goods, snacks, and others. Additionally, since chickpea flour is gluten-free, people who have celiac disease or gluten sensitivities frequently choose it. The demand for chickpea flour in the food industry is being driven by the rising trend of healthy snacking and the rising demand for gluten-free products.
During the anticipated period, the food segment is expected to have the highest CAGR. The demand for meals made with pulse flour is being driven by the rising demand for quick and healthy food options. Additionally, the adoption of pulse flour in the food segment as a replacement for animal-based and wheat-based ingredients is being driven by the rising trend of plant-based and gluten-free diets. The
market is anticipated to benefit from product innovation and differentiation as manufacturers release novel and distinctive meal products based on pulse flour to appeal to health-conscious consumers.
In terms of revenue, North America commands the largest share of the market for pulse flour, due to the rising awareness of the nutritional benefits of pulse flour, rising adoption of healthy and natural food products, and the expanding popularity of plant-based and gluten-free diets. Additionally, the region's pulse flour market is expanding due to the presence of top pulse flour producers, supportive government policies, and the availability of cutting-edge processing technologies.
During the forecast period, Asia Pacific is anticipated to have the market for pulse flour with the highest CAGR. The demand for pulse flour in Asia Pacific is being driven by factors including the growing population and disposable income of consumers in the area, the growing trend toward healthy and natural food products, and the growing awareness of the nutritional advantages of pulse flour. Additionally, the region's pulse flour market is expanding due to the rising popularity of plant-based and gluten-free diets, the rising demand for vegetarian protein sources, and the rising popularity of convenience foods.
Some of the key players in Pulse Flour market include: AGT Food and Ingredients Inc., Anchor Ingredients Co. LLC, Archer Daniels Midland, Ardent Mills, LLC, Avena Foods, Limited, Batory Foods Inc., Bean Growers Australia, Blue Ribbon LLC, Buhler AG, Diefenbaker Spice & Pulse, EHL Limited, Great Western Grain, Groupe Limagrain Holding, Ingredion Incorporated, SunOpta and The Scoular Company.
In May 2023, ADM, a global leader in human and animal nutrition, announced that it has reached an agreement to acquire D.C.A. Finance B.V. subject to required regulatory approvals.
In September 2021, Ingredion launched pulse-based ingredient solutions, including Homecraft Prista P 101 pea flour, for plant-protein-based applications, including instant and ready-to-eat (RTE) products.
In May 2021, Limagrain Ingredient introduced Uniflour 35501, a new heat-treated pea flour, to meet the needs of calves and piglets for milk replacers.