Pulse Flours Market is Anticipated to Witness a Robust Demand Through 2025
Increasing demand for gluten
free food and rising health consciousness among consumers are acting as key growth factors for global pulse
flours market.
According
to TechSci Research report, “Global Pulse Flours Market By Type (Pea, Bean, Chickpea, Lentil), By
Application (Feed, Food (Extruded Food, Beverages, Meat Products and Others)
and Others), By Region, Forecast & Opportunities, 2025”, the market is poised to undergo a rapid CAGR during the
forecast period. Increasing health consciousness and rising demand for high
nutrient containing food are acting as key growth driver for global pulse
flours market. Moreover, pulse flours are finding wide application in bakery
products such as bread, patties, and cakes. The reason can be attributed to
high demand for gluten-free food around the world. Apart from this, growing
usage of pulse flours in snacks as well as convenience food is expected to fuel
the market growth in next five years. Also, wheat flours are increasingly being
replaced by chick pea flour as the former serves as an excellent protein source
for vegetarians and vegans.
Furthermore, growing inclination of people towards
fitness activities like gyming is creating demand for high protein content food
which is augmenting the growth of global pulse flours market. Another major
factor propelling the growth of this market are increased application of pulse
flours in feeds and pet foods. The increased product innovation and entry of
new market players are further boosting the global pulse flours market growth. Moreover,
growing preference of consumers towards organic food products is providing
lucrative growth opportunities for pulse flour manufactures. With increasing consumer
population preferring vegetarian diets and clean product labels, the global
pulse flours market is anticipated to grow significantly through 2025.
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Global
pulse flours market is segmented based on type, application, and region. Based
on type, the market can be segmented into pea, bean, chickpea, and lentil.
Among them, lentils held dominant position in global pulse flours market until
2019 owing to their high nutritional value and increasing demand in global
market. Lentils are low in sodium and fat and are also proved to be cholesterol-free
which is leading to their increased consumption around the world.
Based
on application, global pulse flours market can be segmented into feed, food,
and others. The food segment is further split into extruded food, beverages,
meat products and others. Among them, the food segment held largest market
share until 019 and is further expected to undergo significant growth through
2025. The reasons can be attributed to high consumption of pulse based food
items such as lentil chips, lentil crackers and hummus chips.
Major players operating in the global pulse
flours market are Archer Daniels Midland Company (ADM), AGSPRING, AGT Food
& Ingredients, Ingredion Incorporated, The Buhler Holding AG, Avena Foods
Limited, Groupe Limagrain and Ardent Mills. Key growth strategies being adopted
by leading market players are product innovation, joint ventures and mergers
& acquisitions.
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“Asia
Pacific is expected to be the most revenue generated region for pulse flours
market in coming years owing to improved agricultural growth in countries like
India and Indonesia over the last decade. The advancement in seed genetics and
introduction of new technologies in farming is leading to flourishing farming
sector in the region. Moreover, growing awareness pertaining to the health
benefits of pulse flours among people in Asia Pacific is providing profitable
growth opportunities for pulse flour manufactures,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Global Pulse Flours Market By Type (Pea, Bean,
Chickpea, Lentil), By Application (Feed, Food (Extruded Food, Beverages, Meat
Products and Others) and Others), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of pulse
flours market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in global pulse flours market.
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