According to a new market research report published by Credence Research, Inc. “Pulse Flour Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025,” pulse flour market is expected to reach US$ 25.02 Bn by 2025.
Pulses adds prodigious taste to any diet, these are the dried seed. Pulses consist of high protein, fiber, low fat, have large amount of minerals such as zinc, iron, and phosphorous in addition to folate and vitamins B. Pulses come in a variety of colors, sizes, and shapes and also can be consumed in different ways such as whole and split, or grounded into flours.
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Increasing vegetarian population coupled with high demand from bakery and snacks products is estimated to drive the overall market growth. The pulse flours market, by product type, is segmented as pea, lentil, chickpea and others. The chickpea flour was the largest market segment in the pulse flours market in 2016. Chickpea flour contains large amount of minerals, vitamins, carbohydrates, and proteins along with excess of nutritional fiber. Chickpea flour possess various health benefits, which includes soothing blood and sugar level, improving breakdown, reduces the risk of heart attack, and helps in managing weight. It is commonly used for aroma and taste enhancement in sauces, soups, spreads, and dips. Lentil had a market share of more than 10% in 2016. Lentil is full of nutritional value and is easily available to customers which in turn is likely to boost the demand of lentil flour.
Based on application, the pulse flour market is segmented as food, feed, and others. Further the food segment is segmented as bakery, extruded food, meat products, beverages, and others. Food was the largest segment in 2016 by virtue of the growing demand for improved and gluten free products. Manufacturers are creating innovative food products using pulse flour to satisfy the consumer demand for natural and healthy products. Bakery is also one of the major sub-segment in 2016. Nutritional baked products made with pulse flour has a huge demand in developed regions such as North America and Europe is anticipated to bolster the growth of the global pulse flour market.
The pulse flours market is dominated by the European region in 2016, and is expected to maintain its dominance during the forecast period. Europe is the largest consumer of pulses. Chickpea was the most popular pulse ingredient used by the manufacturers for new products. Asia Pacific was the another lucrative market growing with the fastest growth rate owing to increasing production of pulses with upgraded technology, and growing food industry is accelerated the demand for pulse flour market in the region.
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Some of the major companies operating in the market are AGT Food and Ingredients, Archer Daniels Midland Company, Best Cooking Pulses Inc., CanMar Grain Products Ltd., Diefenbaker Seed Processors, Ltd, Ganesh Grains Ltd., Harvest Innovations, Ingredion Incorporated, Parakh Agro Industries, Ltd., Rotel Ic ve Dis Ticaret A.S. among others.
Report Scope by Segments
By Product Type
By Application Type
- Extruded Food
- Meat Products
By Geography Segment
- North America (U.S., Rest of North America)
- Europe (U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, Japan, India, Rest of Asia Pacific)
- Rest of the World (Middle East & Africa, Latin America)