According to the current analysis of Reports and Data, the Global Pulse Flour Market was valued at USD 11.51 Billion in 2018 and is expected to reach USD 28.9 Billion by year 2026, at a CAGR of 12%. The Pulse Flour market is expanding with a growing trend for nutritious, protein-rich and gluten-free foods. There is an increasing consumer preference for vegetarian diets and cleaner product labels. Since these products are rich in protein, potassium, iron and fibre; they find extensive application in health foods. Chickpea is the most popular pulse flour category because of a varied range of application. The rising demand for organic food products and plant-based protein sources is also propelling the market growth.
The developed economies of North America and Europe are witnessing a growth in the Pulse Flour market and a significant portion of this demand comes from the middle-income earning countries. The Asia Pacific market holds the largest consumer base for the Pulse Flour market and the region is expected to expand in pulse flour production and consumption at the highest CAGR. Despite a favourable growth scenario, fluctuations in pulse production and increasing prices hinder the market growth. Moreover, addressing the taste requirements of consumers is a challenge in this market.
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The Pulse Flour market investigation report assesses the global market for the Pulse Flour industry and provides revenue and capability forecasts for the projected period of 2023-2027. The factors that drive the industry's growth are highlighted in the report. The report divides the Pulse Flour market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and size, geographic presence, and development and manufacturing capabilities.
Some of the Leading Market Players Are Listed Below:
- Ingredion Incorporated,
- Archer Daniels Midland Company,
- Blue Ribbon,
- The Scoular Company,
- Anchor Ingredients,
- Great Western Grain,
- Best Cooking Pulses,
- Bean Growers Australia,
- Diefenbaker Spice Pulse,
- EHL Limited
Market Overview:
All enterprises involved in the processing, packaging, and distribution of raw food materials fall within the food and beverage sector. Fresh and packaged meals, as well as alcoholic and nonalcoholic beverages, are all included. Apart from drugs, this industry touches every product designed for human consumption.
As a result of the current economic depression caused by the Covid-19 outbreak, consumers are seeking to save as much money as possible. Consumers are doing so in a variety of ways, including buying more generic things and cooking their own meals instead of going out. As a result, food processing companies are getting more creative in order to reduce the cost of goods sold, attract more customers, and increase profit margins.
Obesity has a tremendous impact on the global food and beverage industry. The desire for healthful foods has grown, as has the demand for more detailed nutritional information. Companies have responded by launching lower-calorie foods and tightening control over how their brand is viewed in response to both of these changes. Companies want to be viewed as a healthy brand, thus they support activities that indicate this, such as youth sports. There has even been talk of levying a tax on foods linked to obesity to deter people from eating them.
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Market Segmentation:
Type Outlook (Revenue, USD Million; 2017-2027)
- Peas
- Chickpea
- Bean
- Lentil
- Others
Application Outlook (Revenue, USD Million; 2017-2027)
- Bakery and Snacks
- Dairy Products
- Meat Products
- Beverages
- Animal Feed
- Others
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Pulse Flour market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Pulse Flour market.
The Global Pulse Flour Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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