Pulse Flours Market is anticipated to grow at a substantial CAGR from 2019 to 2030
Market Industry Reports (MIR) has published a new report titled “Pulse Flours Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global pulse flours market is estimated to be over US$ 12.2 Bn in 2018. It is anticipated to grow at a substantial CAGR from 2019 to 2030.
The significant growth of the pulse flours market can be attributed to the high protein profile of pulse flours and the demand for gluten-free flour among consumers. Pulse flour is rich in proteins, low in fat content and thus helps to manage body weight. In 2016, according to the Center for Disease Control and Prevention, in the U.S., over 93.3 million adults were obese. So people who are willing to adapt to a healthy diet and manage weight are shifting to pulse flours.
Pulse flours do not contain gluten. Gluten is the only protein found in regular food that is completely indigestible. Its indestructible molecules can slide through the intestinal lining and cause inflammation in people suffering from celiac disease. This often means that the body can no longer absorb enough nutrients from food. Thus it is more advisable for people with chronic gastrointestinal disorders called Irritable Bowel Syndrome (IBS) to opt for a gluten-free diet. In the US, around 7 to 20 percent of the adult population was affected by IBS, according to a 2013 paper published in the journal, Gastroenterology & Hepatology. Hence the demand for pulse flours in regular diet is increasing, boosting market growth.
The factors which may hinder market growth include unpleasant flavors of pulses and alternate protein sources available in the food industry. Unpleasant flavors of pulses are partly inherent and partly produced during the harvest, processing, and storage of these pulses, thus, impacting the market negatively. Masking off unpleasant flavors requires addition of other elements to the flour, reducing its nutritional value to some extent. Alternative protein sources such as oilseed-based flours like almond, soy, hemp, and flax are also impacting market growth.
Browse key industry insights spread across 200 pages with market data tables & figures & charts from the report, Pulse Flours Market by Type (Peas, Chickpea, Bean and Lentil), by Application (Food and Feed) - Global Analysis & Forecast 2019-2030 in detail along with the table of contents:https://www.marketindustryreports.com/pulse-flours-market/147
Asia Pacific is estimated to have the largest market share and grow at the fastest CAGR during the forecast period. This growth is attributed to factors such as improved agricultural approaches and methods. Along with technological advancements, food processing and foodservice industries are also driving market growth.
Some prominent players in the pulse flours market include Ingredion, ADM, The Scoular Company, Great Western Grain, Sunopta, Anchor Ingredients, AGT Food and Ingredients, Diefenbaker Spice & Pulse, Blue Ribbon, EHL Limited, and others.
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