According to MarketsandMarkets projection “Pulse Flours Market by Type (Pea, Bean, Chickpea, Lentil), Application (Food (Bakery Products, Extruded Food, Meat Products, Beverages), Feed, Nutraceuticals, Personal Care), and Region – Global Forecast to 2022”, the pulse flours market is expected to reach USD 18.97 Billion by 2022, at a CAGR of 12.2% from 2017. Increasing demand in the manufacturing of bakery and extruded snack food products is one of the major factors driving the pulse flours market.
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“Chickpea flour segment dominated the pulse flours market in 2016 in terms of value”
The chickpeas flour segment dominated the pulse flours market, followed by proteins, in 2016. Chickpea flour offers numerous health benefits as they help in stabilizing blood sugar levels, improving digestion, weight management, and minimizing the risk of heart attack. Health-conscious consumers prefer food products with nutritious value, which is fueling the demand for pulse flours.
Chickpeas or garbanzo beans come under the family of fabaceae and subfamily of faboideae. Chickpeas serve as a super food for a healthy diet, owing to their high nutritional values. They are a good source of proteins, vitamins, minerals, and carbohydrates, and include high levels of dietary fiber. Desi and Kabuli are the two distinct types of cultivated chickpea; Kabuli is grown in West Asia and the Mediterranean region whereas the desi type is grown in the Indian subcontinent.
“Food applications are the major applications for pulse flours”
Food applications include bakery products, extruded food products, meat products, beverages, and others. Others include batters & breading, spreads, dips, and soups & sauces. The bakery products segment accounted for the highest demand in the food applications segment. This is attributed to the substantial consumption of bakery products in developed and developing economies. Consumers demanding nutritional and healthy ingredients in food products also prefer them in bakery products, and this has encouraged manufacturers to offer new products in the market.
“Asia Pacific is projected to register the highest growth rate from 2017 to 2022”
The market for pulse flours in the Asia Pacific region is projected to grow at the highest CAGR in terms of both volume and value, from 2017 to 2022. This dominance is projected to prevail during the forecast period as well. The region is the largest consumer of pulse flours with countries such as India, China, Australia, Japan, Myanmar, Thailand, the Philippines, and Malaysia contributing to the high consumption of various food products produced using pulse flour ingredients.
This report includes a study of marketing and development strategies, along with the product portfolio of key service providers. It includes the profiles of leading companies such as Ingredion (US) ADM (US), SunOpta (Canada), Diefenbaker Spice & Pulse (Canada), Blue Ribbon (Australia), and Bean Growers Australia (Australia).
