Pulse Flours Market Information by Type (Bean, Chickpea, Lentil, Pea and others), Application (Beverages, Bakery Products, Savory Snacks, Meat Products and others), Distribution Channel (Store-Based and Non-Store Based) and Region - Forecast till 2023
Pune, India -- (SBWIRE) -- 09/13/2018 -- Market Overview:
Pulse Flours Market has witnessed continued demand during the last few years. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on 'Global Pulse Flours Market Research Report- Forecast to 2023' that the market will demonstrate an exceptional CAGR while achieving good growth rapidly in the forecast period. Pulse flours are powdered material, which are prepared by grinding dried pulses such as bean, chickpea, lentil, pea, and others. These flours are used in the preparation of food, beverages, and functional foods owing to its therapeutic importance. Pulse flours are rich in proteins, vitamins, minerals, and carbohydrates, and contain high amount of dietary fiber. Additionally, these flours are widely used in enhancing products taste and aroma.
Rising consumer demand for pulse flours is increasing owing to its several benefits associated with the consumption. Pulse flours are low in fat-content and contain fiber and protein, which has shown a boundless inclination towards the pulse flours products. Also, therapeutic benefits associated with the consumption such as maintenance of blood sugar levels, improved digestion, and weight management have intensified the use of pulse flours in the food & beverage and functional food industry.
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Moreover, increased preference for green-label food & beverage products has surged the demand for pulse flours in the global market. Furthermore, increasing demand for gluten-free products in the food industry by gluten-resistant consumers is likely to increase the global pulse flours market over the review period. Also, pulse flours used in food and beverage products have a long shelf-life, which has uplifted the demand for pulse flours in the food & beverage industry. However, poor taste and olfactory properties, and fluctuating prices of pulses at a global level are likely to hamper the market growth over the forecast period.
Latest Industry Updates:
June 2017 Archer Daniels Midland Company constructed a new flour mill in Illinois, US
July 2016 Ingredion, Inc. has introduced four pulse-based ingredients
October 2016 Ingredion announced plans to invest approximately $30 million in Mexico to expand capacity at the company's San Juan del Rio manufacturing facility.
November 2015 Scoular acquired Legumex Walker Inc.'s (LWI) Special Crops Division, a global merchandiser and processor of special crops, pulses, and associated healthy, specialty food ingredients.
Major Key Players:
Market players in pulse flours market are emphasizing in the merger & acquisition activities to upsurge the product portfolio of the company. Also, the manufacturers are also investing in the pulse flours processing plant to increase the product portfolio. The strategic sales plan of pulse flours manufacturers includes use of online channels for marketing.
For that, key manufacturers are entering into a collaboration with the online channels to reach maximum customers and to upsurge the brand value of the product. Key players are penetrating the untapped market to increase the overall profitability. Key industrial players create and run awareness campaign to educate consumers and drive them to make a rational choice.
The key players profiled in pulse flours are Archer Daniels Midland (U.S.), SunOpta (Canada), Ingredion Incorporated (U.S.), The Scoular Company (U.S.), Batory Foods, Inc. (U.S.), Anchor Ingredients Co., LLC (U.S.), and Blue Ribbon LLC (U.S.) among many others.
Global pulse flours market has been divided into type, application, distribution channel, and Region
On the Basis of Type: Bean, Chickpea, Lentil, Pea, and Others
On the Basis of Application: Beverages, Bakery Products, Savory Snacks, Meat Products, and Others
On the Basis of Distribution Channel: Store-Based, and Non-Store Based
On the Basis of Region: North America, Europe, Asia Pacific, and Rest of the World
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The global pulse flours market is segmented into North America, Europe, Asia Pacific and Rest of the World. Among all the region, Asia Pacific region is expected to account for the significant market share in the global pulse flours market during the forecast period of 2017-2023. The segment is estimated to retain its dominance throughout the forecast period. India is a leading consumer of pulse flours owing to increasing awareness about the benefits of consuming pulse flours products. Additionally, improved agricultural growth trailed by innovations in the food processing and foodservice industry is considered to be the key driving factor in this region. Moreover, increasing demand for organic and green label convenience foods products in North American countries like the U.S., and Canada are likely to boost the growth of the pulse flours market during the assessment period. Also, North America accounts for a higher consumption of GM pulse flours in food preparation, which is expected to drive the global pulse flours market. Furthermore, ongoing R&D activities to eliminate unpleasant smell and flavors from the pulse flours are likely to raise the growth of the pulse flours market.