Pulse Flour Market Growth Drivers, Opportunities, Share Report And Forecast To 2033

The pulse flour market size has grown rapidly in recent years. It will grow from $9.9 billion in 2023 to $11 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to rising health and wellness, growing gluten-free and allergen-free attributes, rising prevalence of dietary, growing demand for sustainable food products, expanding use of pulse flours in food processing applications, increasing food service industry.

The pulse flour market size is expected to see strong growth in the next few years. It will grow to $15.95 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to rising demand for gluten-free and healthy food products, growing awareness of the health benefits of pulses, government support for pulse production and consumption, . Major trends in the forecast period include innovation in the pulse flour industry, digital health technologies in pulse flour-based product development, product innovations, partnerships.

Market Overview -
Pulse flour refers to the finely ground powder made from dried pulses, the edible seeds of leguminous plants widely used as a gluten-free alternative to wheat flour in baking. It is a nutritious and versatile alternative to traditional wheat flour, offering a range of health benefits and culinary possibilities.

Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=12876&type=smp

Food Service Industry's Booming Demand Fuels Growth In The Pulse Flour Market
The rising demand for the food service industry is expected to propel the growth of the pulse flour market going forward. The food service industry refers to a sector of the economy that involves preparing, distributing and selling food and beverages to consumers outside their homes. Pulse flour, made from pulses (the dry, edible seeds of legume plants), has gained popularity in the food service industry due to its numerous benefits and versatility, providing meals and food products with unique and valuable qualities. For instance, in July 2023, according to a report published by the United States Department of Agriculture, a US-based federal agency, about $2.11 trillion in food was provided globally by the food service and retail sectors in 2021 and $2.39 trillion in 2022, an increase of $0.28 trillion. Further, global food service establishments provided $1.16 trillion in 2021 and $1.34 trillion in 2022. Therefore, the rising demand for the food service industry will drive the growth of the pulse flour market.

Competitive Landscape -
Major players in the pulse flour market are Cargill Incorporated, The Archer-Daniels-Midland Company, Bunge Limited, Ingredion Incorporated, Ardent Mills, Groupe Limagrain Holding SA, Blue Ribbon LLC, SunOpta Inc., Minsa Corporation, The Scoular Company, Bob's Red Mill Natural Foods Inc., The Buhler Holding AG, Batori Foods Inc., Carrs Flour Mills Limited, Grain Millers Inc., AGT Food & Ingredients, Agspring, Puris Proteins LLC, Anchor Ingredients Co. LLC, Doves Farm Foods Ltd., Vestkorn Milling AS, Bean Growers Australia Ltd., Best Cooking Pulses Inc., Avena Foods Limited, The TradeLink International Group, Diefenbaker Spice and Pulse (DSP), Great Western Grain Co. Ltd.

Innovative Products Such As Prista Flour Drive Market Position For Major Pulse Flour Companies
Major companies operating in the pulse flour market are innovating new products, such as Prista to sustain their position in the market. Prista flour is a line of gluten-free flour designed to be used as a wheat flour substitute. For instance, in September 2021, Ingredion Incorporated, a US-based food and beverage ingredients company, launched Prista, a range of flours and concentrates made from pulses. The new range consists of Vitessence Prista P 360 fava bean protein concentrate, Vitessence Prista P 155 pea protein concentrate and Homecraft Prista P 101 pea flour. Manufacturers may create items like fast drinks and ready-to-eat foods, where low microbial levels are essential, using pulse flours and concentrates.

Browse Full Report@
https://www.thebusinessresearchcompany.com/report/pulse-flour-global-market-report

Key Segments -
The pulse flour market covered in this report is segmented -
1) By Product Type: Bean; Chickpea; Lentil; Pea
2) By Category: Organic Flour; Conventional Flour
3) By Distribution Channel: Food Chain Services; Modern Trade; Convenience Store; Departmental Store; Online Store; Other Distribution Channel
4) By Application: Bakery; Extruded Snacks; Pet Food And Feed; Other Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.