Industry Background:
According to the Food and Agriculture Organization of the United Nations pulses are annual leguminous crops yielding between 1 and 12 grains or seeds of variable size, shape and color within a pod. Pulses are the edible seeds of plants in the legume family, a group of 12 crops that includes dry beans, dry peas, chickpeas and lentils. It contains 18-15% amino acids, 55-65% starches and 1-4% fats. Pulse four is increasing used in the food industry for the production of nutritionally attractive new products, primarily in the bakery, gluten-free, snack, pasta and noodle categories. It has high nutritional value as it contains protein, fiber, minerals and free of gluten. It offers better hydration and improve softness in bread, pastry and cake products as well as nutritionally enrich the products.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | AGT Food and Ingredients (Canada), Bob’s Red Mill Natural Foods (United States), Parakh Agro Industries Ltd. (India), CanMar Foods Ltd. (Canada), Red River Commodities, Inc. (United States), Best Cooking Pulses, Inc. (Canada), Diefenbaker Spice & Pulse (Canada), Archer Daniels Midland (United States), Woodland Foods. Ltd (United States) and Bean Growers Australia (Australia) |
According to AMA, the market for Pulse Flour is expected to register a CAGR of 12.1% during the forecast period to 2027. This growth is primarily driven by Increased Demand for Pulse Flour Based Products Due To Its Nutritional Benefits and High Demand for Bakery Product Applications.
Globally, a noticeable market trend is evident Rising Demand for Gluten-Free Flours by Health Conscious People The Food Products sector in the South America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as AGT Food and Ingredients (Canada), Bob’s Red Mill Natural Foods (United States), Parakh Agro Industries Ltd. (India), CanMar Foods Ltd. (Canada), Red River Commodities, Inc. (United States), Best Cooking Pulses, Inc. (Canada), Diefenbaker Spice & Pulse (Canada), Archer Daniels Midland (United States), Woodland Foods. Ltd (United States) and Bean Growers Australia (Australia) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In February 2019, Archer Daniels Midland Co. has announced that it has completed its acquisition of the remaining 50% stake of British grain merchant Gleadell Agriculture Ltd., including wholly-owned subsidiary Dunns (Long Sutton) Ltd.
In 2021, Batory Foods and BioHarvest Sciences Inc. have signed an exclusive performance-based agreement to enter the USD 16 billion U.S. nutraceutical market, with a projected USD 8 billion U.S. edible CBD market by 2025. This agreement aims to bring Biofarming technology and product portfolio., In 2021, Avena Foods' Purity Protocol Gluten Free Oat Ingredients announces the release of Glyphosate Residue Free, certified by The Detox Project. Products or ingredients with the Glyphosate Residue Free Label contain less than 10 ppm herbicide. and The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations.
Pulse Flour Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increased Demand for Pulse Flour Based Products Due To Its Nutritional Benefits
- High Demand for Bakery Product Applications
|
Influencing Trends | - Rising Demand for Gluten-Free Flours by Health Conscious People
|
Restraints | - Unpleasant Flavor of the Pulses
- Changing Environmental Conditions May Affect Production of Pulses
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Gaps & Opportunities | - Growing Demand for Pulse Flour as a Substitute for Various Agricultural Products Such As Corn, Soy, Wheat, Etc.
- Rising Number of People with Vegan Diet
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AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Pulse Flour Market
- Analysis about New Entrants in Pulse Flour Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Pulse Flour Study Sheds Light on
The Pulse Flour Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Pulse Flour industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Pulse Flour industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.