Global Pulse Flour Market (2022 to 2027) – Growth, Trends, COVID-19 Impact and Forecasts – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Pulse Flour Market – Growth, Trends, COVID-19 Impact, and Forecasts (2022 – 2027)” report has been added to ResearchAndMarkets.com’s offering.
The global pulse flour market is projected to grow at a CAGR of 7.97% during the forecast period (2022-2027).
Companies Mentioned
- Archer Daniels Midland Company (ADM)
- AGSPRING
- AGT Food & Ingredients
- Ingredion Incorporated
- The Buhler Holding AG
- Avena Foods Limited
- Groupe Limagrain
- Ardent Mills
- Anchor Ingredients Co., LLC
- Diefenbaker Spice and Pulse (DSP)
The impact of COVID-19 on the market for pulse flour can be largely characterized by an unprecedented disruption in the functioning of both the market forces, supply as well as demand, posing hurdles for all stakeholders, including consumers. Further, the pandemic has resulted in increased pulse flour prices.
Pulse flour, being a gluten-free functional ingredient would be driven by its increasing demand in various food and animal feed industries. The high demand for pulse flour is majorly due to its higher nutritional properties when compared to other grain flours.
The government initiatives in pulses harvesting lead to increased growth and volume of pulses, which is also driving the market. The prosperity of the pulse flour market is witnessing a huge growth with the rising number of new pulse flour-based products that have been launched in North America and Europe, over the past few years.
Key Market Trends
Growing Demand for Organic and Gluten-free Flour
Owing to the rise in consumer awareness, brought on by sensitivity to gluten has propelled the demand for gluten-free flour, globally. Pulse flour, being a gluten-free ingredient, is preferred exceedingly in recent years. Although the prevalence of the celiac disease is approximately moderate globally, the number of Americans giving up eating gluten is increasing since the last decade.
According to the Mayo Clinic, 3.1 million Americans followed a gluten-free diet, and 72 % of them are classified as “PWAGs” or people without celiac disease avoiding gluten. Therefore, manufacturers are offering wide range of gluten-free products using gluten-free ingredients, such as pulse flour, available from low to high nutritive value.
Further, companies have been extensively involved in the research and development of such products to cater to organic and gluten-free industries and thus, remain competitive in the market. For instance, Limagrain Cereales Ingredients has upgraded its Nutrition and Taste & Color solutions with an organic pulses flour range.
North America is the Largest Market
Lifestyle shifts and environmental awareness, such as becoming vegan and onsuming non-GMO, gluten free products, the rising demand for natural and healthy ingredients has been driving the pulse flour market.
For instance, Nutriati launched a proprietary chickpea ingredient for plant-based meats, named Artesa Textured Pulse Protein, which is a combination of Nutriati’s Artesa chickpea flour and carefully sourced yellow pea protein that is manufactured following the tightly controlled final ingredient specifications. The key driving force responsible for the increased demand for pulse flour is its bakery applications, as it is gluten-free, offers better hydration and softness, and nutritionally enriches the products.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s Five Force Analysis
5 MARKET SEGMENTATION
5.1 By Category
5.1.1 Organic Flour
5.1.2 Conventional Flour
5.2 By Product Type
5.2.1 Bean
5.2.2 Chickpea
5.2.3 Lentil
5.2.4 Pea
5.3 By Application
5.3.1 Bakery
5.3.2 Extruded Snacks
5.3.3 Pet Food & Feed
5.3.4 Other Applications
5.4 Geography
6 COMPETITIVE LANDSCAPE
6.1 Strategies adopted by Key players
6.2 Most Active Companies
6.3 Market Share Analysis
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 IMPACT OF COVID19 ON THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/hahg3r
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