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Pulse Flour Market

Pulse Flour Market

Pulse Flour Market Size, Trend Analysis By Product Type (Chickpea, Lentil, Pea, Lignin, Bean), By Application (Bakery and Confectionery, Extruded Products, Beverages), By Distribution Channel - Global Market Insights 2021 to 2031

Pulse Flour Market
FACT4454MR
  • Sep-2021
  • List of Tables : 136
  • List of Figures : 102
  • 170 Pages
  • Food & Beverage

Market Outlook for Pulse Flour

According to Fact.MR’s recent study on the global pulse flour market, the market is gaining traction steadily and is expected to ascend at around 10% CAGR through 2031, registering an impressive valuation of nearly US$ 25 Bn. By 2026, the industry is expected to generate an absolute $ opportunity worth US$ 15 Bn. Overall, the market is poised to expand nearly 2x across the 2021-2031 forecast period.

Key Points Covered in Pulse Flour Industry Survey

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • Assessment by Product Grade / Purity / Formulation Standards
  • Assessment of Import Price, Bulk Price, Contractual Price, Producer / Distributor Price
  • Certifications and Compliance Requirements
  • COVID-19 Impact on the Pulse Flour Industry and How to Navigate
  • Recommendation on Key Winning Strategies

Consumption Analysis of Pulse Flour from 2016-2020 Vs Outlook 2021-2031

As per Fact.MR – a market research and competitive intelligence provider, during the historic period of 2016 to 2020, the market expanded at an impressive CAGR of 7% to surpass US$ 10 Bn in value.

In recent years, manufacturers and food brands are making bold and strategic moves to increasingly collaborate and enter into partnerships in order to find new application areas of pulse flour, including instant foods. Demand also increased amid COVID-19, as sales of ready-to-eat healthy foods experienced a considerable incline.

Greater emphasis is being placed on identifying and determining characteristics of functional quality and critical nutrition of pulse flour-based products. Besides, certain inorganic developments have also been observed in the recent past. Considering these factors, the global pulse flour market is slated to expand at around 10% CAGR from 2021-2031.

Will Nutritional Snacking Trends Yield Opportunities for Pulse Flour Adoption?

Rising consumption of snacks such as nutritious soups, sauces, and nutrition bars are projected to create lucrative opportunities for pulse flour manufacturers in the foreseeable future. The global snacking industry is estimated at 12 million tons in terms of volume and will showcase a notable growth trend for the market for pulse flour.

In terms of volume, a nutritional bar contains more than 30 to 40% of combined lentils flour and dried yellow pea flour. Moreover, incorporating a certain amount of functional flours such as pulse flour with other general categories of wheat flour can increase the level of protein and other nutrients.

Manufacturers are also focusing on the development of a wide range of gluten-free flour products that not only have nutritional benefits but have a unique sensory appeal which will add value to the pulse flour market in the near future. For instance, ‘Oast to Host’ announced the launch of its new wheat-free and gluten-free flour range. The company launched two new flours designed to create the perfect pastry and versatile cake sponge. The two flour mixes are completely gluten-free, wheat-free, and vegetarian.

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How is the High Nutritional Index Flourishing the Demand for Pulse Flour?

Owing to properties such as low-fat, high fiber, and low glycemic index, demand for pulse flour has been on a steady growth trajectory.  Several companies using flour as an active ingredient in their products are finding pulse flour as a viable alternative owing to its high nutritional index.

Besides, increasing demand for gluten-free food items is favoring the growth of the pulse flour market. Emphasis is being laid on making pulse flour more functional, nutritional, and high in protein. The increased consumption of nutritionally dense food products is projected to escalate the demand for pulse flour in the coming years.

Why is Gluten Free Food Uplifting Demand for Pulse Flour?

There has been a steady rise in pulse flour consumption for grain-based food products. This is primarily owing to the gluten-free properties of pulse flour. In addition, increasing awareness around the benefits of gluten free products among consumers is expected to create lucrative pockets of growth for pulse flour.

Governments in many countries are increasingly advocating pulses and establishing delivery chains to introduce dry peas, lentils and chickpeas into school food programs. For instance, the United States Department of Agriculture issued the School Breakfast Program guidelines that allow the addition vegetables like chickpeas, beans, dry peas and lentils to credit towards the fruit requirement at breakfast.

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Region-Wise Analysis

Why is Asia an Opportunistic Market for Pulse Flour?

Asia is expected to emerge as a highly attractive market, given the presence of Tier 1 market players such as Anchor Ingredients Co. LLC, SunOpta, Inc. and Archer Daniels Midland Company. India and China will likely emerge at the forefront of the Asian demand. Fact.MR expects the region to hold 65% of global market demand for pulse flour.

According to Indian Brand Equity Foundation, India is expected to be self-sufficient in pulses in the coming few years due to concerted effort of scientists to get early maturing varieties of pulses and the increase in minimum support price. Moreover, in April 2021, the Government of India approved a PLI scheme for the food processing sector with an incentive outlay of US$ 1,484 million over a period of six years starting from FY22.

What is the Demand Outlook across North America?

According to Fact.MR research, together North America is expected to hold more than 25% of the market share in terms of value and projected to witness considerable growth over the forecast period.

The improving economic conditions, increasing awareness regarding the health benefits of the pulses, and higher purchasing power is motivating the people across the region to incorporate pulse flours in their daily meal as a part of shifting towards healthier diets.

Pulse flour market forecast analysis by Fact.MR

Category-wise Insights

Why are Chickpea and Lentil Pulse Flours Most Preferred?

Lentil is projected to remain the fastest growing product type, expanding at over 10% CAGR until 2031. According to researches, wholegrain lentil flour meets consumer acceptability and is being preferred due to its properties like low in sodium and fat and its cholesterol-free nature.

Moreover, chickpea type pulse flour accounts for 1/3rd market share and is expected to show high growth in pulse flour market during period of forecast, due to increased demand from the bakery and confectionary industry.

Why are Bakery and Confectionery Products Experiencing High Pulse Flour Usage?

According to Fact.MR, bakery and confectionary applications of pulse flour holds more than 33% market share and are projected to grow 2x during forecast period. Pulses and pulse flour derivatives are being increasingly incorporated into bakery products amid rising health concerns.

Studies have established that incorporating pulse flour imbues bakery products with folate and zinc, thereby eliminating the need for adding folate enrichment additives as is the case in conventional bakery products. They also possess more dietary fiber than any other flour.

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Competitive Landscape  

In recent years, manufacturers and food brands are making bold and strategic moves to increasingly collaborate and enter into partnerships in order to find new application areas of pulse flour, such as instant noodles, pasta etc. 

  • In September 2021, Batory Foods, and BioHarvest Sciences Inc., signed an exclusive performance-based agreement to enter the $16 Billion USA Nutraceuticals Market and 2025 projected $8 Billion US Edible CBD Market. This agreement aims at bringing Biofarming technology and portfolio of products. 
  • In August 2021, Avena Foods’ Purity Protocol gluten-free oat ingredients announced the launch of Glyphosate Residue Free which is certified by The Detox Project. Products or ingredients bearing a Glyphosate Residue Free Label contain less than 10 parts per billion of the herbicide.

Report Scope 

Attribute

Details

Market size value in 2020

USD 11.5 Billion

Market forecast value in 2031

USD 25 Billion

Growth Rate

8% CAGR from 2021 to 2031

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Mn for Value and Tons for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Key Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Nordics
  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Brazil
  • Mexico
  • Argentina
  • GCC
  • South Africa

Key Market Segments Covered

  • Product Type
  • Application
  • Distribution Channel
  • Region

Key Companies Profiled

  • Anchor Ingredients Co. LLC
  • Archer Daniels Midland Company
  • Batory Foods, Inc.
  • 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
  • Bean Growers Australia Ltd.
  • Parakh Agro Industries Limited
  • SunOpta, Inc.

Pricing

Available upon Request

Key Segments Covered

  • Product Type

    • Chickpea Pulse Flour
    • Lentil Pulse Flour
    • Pea Pulse Flour
    • Lignin Pulse Flour
    • Bean Pulse Flour
    • Other Pulse Flour
  • Application

    • Pulse Flour for Bakery and Confectionery
    • Pulse Flour for Extruded Products
    • Pulse Flour for Beverages
    • Pulse Flour for Animal Feed
    • Pulse Flour for Dairy Products
    • Pulse Flour for Other Applications
  • Distribution Channel

    • Pulse Flour Sales via Food Chain Services
    • Pulse Flour Sales via Modern Trade
    • Pulse Flour Sales via Convenience Stores
    • Pulse Flour Sales via Departmental Stores
    • Pulse Flour Sales via Online Stores
    • Pulse Flour Sales via Other Distribution Channels

- FAQs -

As of 2021, pulse flour sales are expected to be valued at US$ 11.5 Bn

According to Fact.MR, pulse flour demand is expected to register a CAGR of 8% from 2021 to 2031

The global pulse flour market is envisaged to account for over US$ 25 Bn by 2031. 
 

From 2016 to 2020, sales of pulse flour expanded at a CAGR of 7% according to Fact.MR

Anchor Ingredients Co. Llc, Archer Daniels Midland Company, Batory Foods, Inc., Best Cooking Pulses Inc., Blue Ribbon Grain & Pulses Pty Ltd, and CanMar Grain Products are some prominent pulse flour manufacturers

Asia is expected to be the most lucrative pulse flour landscape, expected to hold 65% of global market demand

North America is projected to account for 25% of global pulse flour demand until 2031

Presently, lentil is projected to remain the fastest growing product type, growing at a CAGR of 10%

Bakery and confectionery products will remain the dominant end user of pulse flour, expanding 2x until 2031

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.