Published on : Aug 01, 2018
Albany, New York, August 1, 2018: Majorly known for being a source of protein, iron and fiber, pulses are becoming more and more popular, specifically in the form of flour. According to the findings of the latest study, pulse flour market is expected to witness an accelerating demand among the consumers because of its vast use and the increasing existence worldwide. Market Research Hub (MRH) has freshly publicized this study to its online repository, which is titled as “Pulse Flour Market: Global Industry Analysis 2012-2016 & Opportunity Assessment 2017-2026”, and accurately predicts the future of the market and also gives an impression of the present market situation. The report also provides detail on the factors that are likely to impact the market growth during the forecast period 2017-2026.
Pulse flours’ rising demand has resulted in a growth in research on its nutritional profits, use and available varieties. It has been analyzed during the research that large population in North America, Europe, and the Asia Pacific are consuming pulse flour. Owing to the rising demand, producers of pulse flour have started producing different types of pulse flour like lentils flour, pea flour, etc. Apart from that, a major fact identified in the study is the pulse flour market is expected to be driven by the gluten-free flour demand and healthier choice over traditional flour available. Considering these features, analysts predict that the global market for pulse flour will see robust growth, growing at a CAGR of 10.7% between the forecast period 2017 and 2026. In terms of revenue, the global market for pulse flour is also estimated to reach US$ 28.824.1 million towards 2026 end.
This intelligent research study further covers major trends in the market. Key trends in the report focus on how the market will perform in the coming years, and key developments, and new product being launched. It has been analyzed that pulse flour is also being added in beverages to provide as a substitute to people who are allergic to soy products and for kids who suffer from lactose intolerance.
In order to provide a comprehensive view of the market, the study throws light on major segments of the market based on product type, distribution channel, application and region. Major product type includes chickpea, lentils, beans, pea and others. Compared to various types of pulse flour available in the market, chickpea flour is likely to arise as one of the top-selling pulse flour products, finds the study. Moreover, the research study finds that Pulse flour is likely to find the largest application in bakery and confectionery food items. The demand is increasing in the bakery industry to improve dough condition and also to increase protein content as pulses are a great source of protein. From a geographical point of view, the study finds that APEJ region will dominate the market through 2026.
At the end, the research provides vital information about the key players operating in the sector, such as Bean Growers Australia, CanMar Grain Products, Anchor Ingredients, Parakh Agro Industries Ltd, Best Cooking Pulses, The Scoular Company, Great Western Grain, Diefenbaker Spice & Pulse, Batory Foods, Blue Ribbon, EHL Limited, SunOpta, ADM, and Ingredion.
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