Pulse Flour Global Market Navigating Trends, Share Report, Growth Drivers, Market Size And Future Outlook 2024-2033 | Bunge Limited, Ardent Mills, Blue Ribbon LLC, SunOpta Inc., Minsa Corporation

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Pulse Flour Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $15.95 billion In 2028 At A CAGR Of 9.7% :

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.

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Pulse Flour Market Major 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 Driver - 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.

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Prominent Trend - 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.

Pulse Flour Market Players
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.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the pulse flour market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Pulse Flour Market Report Structure
3. Pulse Flour Market Trends And Strategies
4. Pulse Flour Market - Macro Economic Scenario
5. Pulse Flour Market Size And Growth
…..
27. Pulse Flour Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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