NEWARK, DELL, Oct. 18, 2022 (GLOBE NEWSWIRE) — The global legume flour market is expected to reach a valuation of US$52,252.44 million by 2032, with the market projected to grow from 2022 to 2032 It grows at a strong CAGR of 10.7%. Driven by growing demand for low fat, low glycemic and high fiber content, the target market is expected to reach an estimated 18,907.34 Mn in 2022. Growing trends such as adoption of vegan and vegetarian diets will drive the legume flour market during the forecast period.
Pulse flours are increasingly being used in various blends and mixes of foods due to their high protein and nutritional qualities. With more and more consumers looking to adopt a healthy and nutritious diet, many players in the food and beverage sector are looking to fortify their flours to make them more functional and nutritious. We are focusing on making it high in protein.
As a result, manufacturers are including commodities like soy flour in their products. Additionally, mixing small amounts of these functional flours with different types of flour increases the protein and other nutrient content. Therefore, many manufacturers are keen to develop gluten-free flour mixes that not only provide nutritional benefits but also stimulate certain senses.
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Also, pulses have always held a special place in the cultures and histories of countries around the world. The United Nations (UN) celebrated his 2016 as the International Year of Pulses, as pulses are gaining popularity among all peoples across racial, religious and cultural barriers. As a result, legume flour has also skyrocketed in popularity over the last few years. Similar initiatives, coupled with efforts to induce stakeholders to increase their consumption and supply of legumes, will further assist the growth of the legume flour market during the forecast period.
“High demand for gluten-free foods is likely to increase global sales of the legume flour market during the forecast period,” said an FMI analyst.
Important points:
- The prevalence of health and nutrition trends strengthens the market prospects.
- The US legume flour market will grow at a CAGR of 10.3%.
- Adoption of advanced agricultural technology will boost market growth in Europe.
- By product type, the chickpea bean flour segment records high demand in the GCC countries.
- The food category has the highest market share due to the popularity of gluten-free foods.
- By application, the bakery segment is expected to account for the highest proportion of the food segment
competitive environment
Anchor Ingredients Co. Llc., Archer Daniels Midland Company, Batory Foods, Inc., Bean Growers Australia Limited, Best Cooking Pulses Inc., Blue Ribbon Grain & Pulses Pty Ltd, CanMar Grain Products, Diefenbaker Spice & Pulse, Ehl Ingredients Limited, Great Western Grain Company Ltd., Ingredion Incorporated, Parakh Agro Industries Limited, SunOpta, Inc., The Scoular Company, etc. are some of the major players in the soy flour market profiled in the full report.
Key market players are focused on the use of technology to ensure that legume flours maintain optimal nutritional quality. is. Partnerships and collaborations are other strategies these organizations are using to gain an edge in the market.
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More Insights into the Pulse Flour Market Report
In its latest report, FMI provides an unbiased analysis of the global legume flour market, providing historical data from 2016-2020 and forecast statistics for 2022-2032. Product Types (Chickpeas, Lentils, Peas, Beans, Other Product Types), Applications (Bakery & Confectionery, Extruded Products, Beverages, Animal Feed, Dairy Products, Other Applications), Distribution Channels (Food Chain Services, Modern trade, convenience) base stores, department stores, online stores and other distribution channels), and regions.
According to the latest FMI report based on segmentation, the chickpea flour segment will register a significant increase in demand in the GCC countries. The use of chickpea beans in various regional dishes in the Middle East will drive the segment during the forecast period. Based on application, the bakery segment dominates the market growth.
Based on region, the Latin American market offers several lucrative opportunities. Brazil and Chile together account for more than 45% of his market share in Latin America due to the high consumption of legumes in these regions. The United States and Japan are her two other countries likely to contribute to increased demand for legume flour. The Europe and Asia Pacific (excluding Japan) regions will also register notable growth in the legume flour market during the forecast period.
Pulse Flour Market by Category
By product type:
- chickpea
- lentil
- pea
- beans
- Other product types
By application:
- bakery and confectionery
- extrusion products
- beverage
- animal feed
- dairy products
- Other applications
By distribution channel:
- food chain service
- modern trading
- convenience store
- Department store
- online store
- Other distribution channels
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table of contents
1. Market Overview
1.1.Market scope/taxonomy
1.2. MARKET DEFINITION/SCOPE/LIMITATIONS
2. The big impact of the crisis
2.1. Global Pulse Flour Market Forecast Scenario Short-Term (2021-2025) and Long-Term (2026-2031) Annual Growth Rate Comparison
2.1.1. An optimistic scenario
2.1.2. Likely Scenarios
2.1.3. A pessimistic scenario
2.2. Main Factors Influencing the Market
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Gluten-Free Flour Market Share: Gluten-Free Flour Market – Global Industry Analysis, Size and Forecast, 2017-2027.
Demand for the Pulse Ingredients Market: According to the Pulse Ingredients market analysis by Future Market Insights, the global market size is estimated at USD 27 billion by 2032.
Flour Improvers Market Analysis: Flour Improvers Market Global Industry Growth, Size, Share and Forecast 2019 – 2029.
Flour Mix Market Growth: The global flour mix market is expected to surpass USD 25.8 billion in 2022, at a CAGR of 7.3% between 2022 and 2032.
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