PULSE FLOUR MARKET REPORT OVERVIEW
-
Request a Free Sample to learn more about this report
The global pulse flour market size was USD 10 billion in 2021. As per our research, the market is expected to reach USD 29068.56 million in 2031, exhibiting a CAGR of 11.26 % during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with pulse flour market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Edible legumes such dry beans, broad beans, chickpeas, lentils, lupins, and peas are used to make pulse flour. Pulses are ground into flour, which is then refined for use in a variety of applications, to produce it. Typically, pulse flour is used in place of conventional flour types including wheat, maize, and soy. Pulse flour is employed in a variety of dishes and for the creation of baked goods due to its versatility. To enhance the qualities of the dough and raise the protein level of the finished product, it is also employed in the snack food business. Furthermore, the global need for gluten-free food products is helping pulse flour gain ground. Pulse flour has a low glycaemic index, is high in fibre, is low in fat, and is very nutrient-dense. It is an active element in many functional foods and nutritious foods, which are in high demand globally due to the aforementioned cause.
Due to the rising incidence of chronic illnesses, there has been a greater emphasis on health and fitness throughout the world in recent years, which has increased demand for nutritious meals. When compared to conventional flour, pulse flour is far healthier because it is manufactured from pulses like chickpeas, lentils, beans, and others. Future trends in the consumption of pulse flour are expected to be influenced by factors such as the rising popularity of plant-based diets, the preference for veganism, rising per capita disposable income, an increase in the number of new pulse flour products available, and the high incidence of celiac disease. Additionally, it is anticipated that growing consumer demand for gluten-free goods would increase pulse flour market size. Due to their high protein and nutrient-rich content, pulse concentrates are also employed by many producers for creating nutraceuticals and nutritional supplements.
COVID-19 Impact: The Pandemic's Low Demand And Excessive Supply Have Caused Problems In The Pulse Flour Market
The worldwide markets are changing significantly as a result of the COVID 19 outbreak. In this time, company operations are evolving. Certain lockdowns and limitations have an impact on regular corporate operations. Since 2020, numerous markets have seen disruptions due to low demand and abundant supply. In this pandemic, the market for pulse flour is dealing with certain difficulties. In many areas, the output rate is low. The interruptions in manufacturing processes may have an impact on this market's overall growth. However, a lot of people these days are becoming more health concerned. Many people are choosing pulse flours as a result of growing knowledge about leading healthy lives. More than conventional flour, pulse flour is anticipated to increase people's energy levels. Additionally, it is high in protein, which aids in maintaining total body weight. The adoption rate of pulse flour is increasing throughout several locations as a result of these advantages. The market outlook for pulse flour will be favourable following COVID 19.
Latest Trends
"Growing Interest In Gluten-Free And Organic Flour As A New Trend In The Crowd"
The demand for gluten-free flour has increased due to consumers' growing knowledge of gluten sensitivity. As a gluten-free component, pulse flour has gained popularity among consumers recently. Although celiac disease is quite common in the world, an increasing number of Americans have stopped consuming gluten during the past ten years. The Mayo Clinic estimates that 3.1 million Americans consume no gluten and that 72% of these individuals fall under the category of "those without celiac disease avoiding gluten." As a result, producers are making a variety of gluten-free goods utilizing components like pulse flour, which have a range of nutritional values from low to high. Additionally, businesses have invested significantly in the research and development of such products to meet the needs of the organic and gluten-free sectors and maintain market competitiveness. For instance, Limagrain Céréales Ingrédients expanded their line of organic pulses flour to complement its Nutrition and Taste & Color solutions.
PULSE FLOUR MARKET SEGMENTATION
-
Request a Free Sample to learn more about this report
- By type
Depending on pulse flour given are types: Organic Flour, Conventional Flour. The Organic Flour type will capture the maximum market share through 2031.
- By Application
The market is divided in Bakery, Extruded Snacks, Pet Food and Feed based on application. The global pulse flour market players in cover segment like Bakery will dominate the market share during 2021-2031.
Driving Factors
"Market Growth Is Being Fueled By The Rising Acceptance Of Veganism And Plant-Based Diets"
Veganism and plant-based diets have grown in popularity in recent years as people become more conscious of the ethical and environmental consequences of ingesting animal products. As a result, there is now a higher demand for food items made from plants rather than from animals, such pulse flour. A form of flour called pulse flour is produced from legumes including peas, beans, and lentils. It is an excellent alternative to wheat flour in many recipes since it is abundant in protein, fibre, and other vitamins and minerals. The rising acceptance of plant-based diets and veganism suggests that demand for pulse flour market growth is likely to be high. It is the perfect option for individuals who want to consume fewer animal products while still obtaining all the important vitamins and minerals they require because of its nutritional advantages and environmental friendliness. The increased rate of acceptance of veganism and plant-based diets is mostly due to the rising frequency of celiac disease and sensitivities associated to gluten. Increased demand for non-GMO (genetically modified organism) flour has been brought on by growing health and fitness consciousness, and this pattern is anticipated to drive pulse flour market growth.
"The Growing Consumer Awareness Of The Need Of Including Wholesome Foods In Daily Diets Is The Main Factor Driving The Market"
The increased demand for pulse flour worldwide is a result of consumers' growing health consciousness. As consumers become increasingly aware of the health advantages of pulse flour, they are replacing ordinary wheat flour with it. Further boosting the pulse flour market growth is the rising demand for vegan and gluten-free food items. In order to meet consumers' increasing demand, producers are also launching new goods, such as blends of pulse flour. The market for pulse flour is expanding as a result of the rising demand for natural and organic foods. Consumers are searching for healthier substitutes as they become more aware of the food they are eating. Pulse flours are growing in popularity among customers who are concerned about their health because they are manufactured from natural sources. To accommodate the rising demand, food producers are increasingly introducing goods made from pulses, such as protein-packed snacks. The main drivers of the growth of the worldwide pulse flour market growth are the increase in customers who are health concerned, the development of new technologies, and the rise in demand for natural and organic food items. Over the projected period, the market is anticipated to continue growing as a result of rising consumer demand.
Restraining Factors
"Less Flavour Of Pulse Flour Is A Barrier To Market Expansion"
It could be challenging to convince customers to convert to pulse flour as it lacks the identifiable flavour of conventional flour. Customers could be reluctant to try anything new or flavor-wise that differs from what they are accustomed to. Consumers may be even less likely to try pulse flour because it might be more costly than regular flour. A significant barrier to the commercial pulse flour market growth is the tastelessness of pulse flour. Although pulse flour is very healthy, it doesn't have the same taste or texture as regular flour. Because of this, many consumers are apprehensive to use it in place of their regular flour. Additionally, customers on a tight budget may find pulse flour less alluring because it is sometimes more costly than conventional flour. For bakers who want to incorporate pulse flour in recipes, the absence of flavour might be a problem. It is challenging to bake using pulse flour because of its neutral flavour, which is readily overshadowed by other ingredients. Additionally, some people may not like the slightly gritty feel of pulse flour.
PULSE FLOUR MARKET REGIONAL INSIGHTS
-
Request a Free Sample to learn more about this report
"Demand For Pulse Flour Market Share To Be Led By North America"
An important element predicted to influence pulse flour market share in North America throughout the course of the projection period is the increased emphasis on health and fitness. Other factors expected to influence pulse flour sales through 2031 include high consumer spending potential, increased demand for plant-based food items, and expanding demand for clean-label food components. It is also anticipated that strict regulations put in place by the government and regulatory bodies to stop food adulteration and contamination will favour market growth in the nation. Throughout the projection period, shipments of pulse flour are expected to grow at an excellent CAGR. Being the most consumed pulses in the nation, chickpeas and beans are anticipated to have strong demand.
One of the most significant markets for manufacturers of food and beverages worldwide continues to be Asia Pacific. The region is home to some of the biggest food producers, importers, and exporters in the world. Given that the area is home to some of the most populous nations in the world, there are many options. To satisfy the expanding and shifting requirements of such a vast consumer base, new solutions will be needed. As a result, Asia Pacific pulse flour market share is probably going to keep dominating the market for pulse flour. This is partially attributable to the rise in pulse consumption across the Asia Pacific. India is considered as the leading exporter and importer of pulses in the world. As part of their staple diet, Asians eat a variety of pulses. Additionally, customers are showing an increasing amount of interest in creative cuisine creations made with pulses.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- AGSPRING (U.S)
- Ingredion Incorporated (U.S)
- AGT Food & Ingredients (Canada)
- Ardent Mills (U.S)
- Groupe Limagrain (France)
- Avena Foods Limited (Canada)
- Anchor Ingredients Co. LLC (U.S)
- Diefenbaker Spice and Pulse (DSP) (Canada)
- The Buhler Holding AG (Switzerland)
- Archer Daniels Midland Company (ADM) (U.S)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 10000 Million in 2021 |
Market Size Value By |
US$ 29068.56 Million by 2031 |
Growth Rate |
CAGR of 11.26% from 2021 to 2031 |
Forecast Period |
2022-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
-
What value is the global pulse flour market expected to touch by 2031?
The global pulse flour market is expected to touch USD 29068.56 million in 2031.
-
What CAGR is the pulse flour market expected to exhibit during 2021-2031?
The pulse flour market is expected to exhibit a CAGR of 11.26% over 2021-2031.
-
Which are the driving factors of the pulse flour market?
Rising acceptance of veganism and plant-based diets and growing consumer awareness of the need of including wholesome foods in daily diets are the driving factors of the pulse flour market.
-
Which are the top companies operating in the pulse flour market?
AGSPRING, Ingredion Incorporated, AGT Food & Ingredients, Ardent Mills, Archer Daniels Midland Company (ADM) are some of the top companies operating in the pulse flour market.