Pulse flour has been a prominent leader in the nutritional segment. Pulse flour is used as substitute for other agricultural products such as corn, wheat, soy, and other conventional ingredients that add on to the nutritional content in the final food product. Rise in health benefits and the diverse application of pulse flour encourage the requirement of the product in the market.
Market scope and structure analysis:
|Market size available for years||2020–2027|
|Base year considered||2019|
|Forecast units||Value ($US)|
|Segments covered||Type, Application, Distribution Channel, Industry Vertical, and Region|
|Regions covered||North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil and Rest of LAMEA)|
|Companies covered||ADM, The Scoular Company, Anchor Ingredients, Batory Foods, EHL Limited, Diefenbaker Spice & Pulse, Great Western Grain, SunOpta, Best Cooking Pulses, Ingredion, Blue Ribbon, Bean Growers Australia|
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COVID-19 Scenario Analysis:
Production shut down scenario
Amid the lockdown situations due to the COVID-19 impacts, the production for pulse flour markets has been ceased for some duration. This had reduced the amount of stock availability at the stores, implying a decline in the revenue.
Disruptions in supply chains
The supply chains for raw materials and finished goods has been disrupted due to the lack of transportation facilities available. This results in an imbalance between the demand for the product and the supply of the finished stock.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
The growth of the pulse flour market is propelled by the increase in consumer concerns regarding health and nutrition. The pulse flour is a good source of proteins, carbohydrates, vitamins, and minerals and contains high level of dietary fiber. The leading market player ought to bring innovations and moderations in the product as per the customer requirements and hence deliver the products with utmost utilities at consumer’s convenience and satisfaction. The increase in health benefits offered by pulse flours boost the application of the same in diverse areas and fuel the growth of the market.
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The global pulse flour market trends are as follows:
New product launches to flourish the market
The launch of new product with improved capabilities has always been accepted and appreciated by the consumer base through means of increased demand. This clarifies the dilemma of whether or not the health and nutrition segment should be tapped.
The increase in working class population inclines increased disposable income with boosted consumer awareness regarding health concerns. Thus, the population is expected to choose healthier products over any other relatable products available in the market. Pulse flours can be applied in various eatables such as bakery food, meat products, or protein shakes and smoothies. This diversified application upsurges the production of the same. The market has been witnessing a significant demand from the urban class for the pulse flours because of their rich nutritional content and composition of proteins, vitamins, and minerals.
Surge in demand for gluten free products
Gluten is substance that is mainly found in grains such as wheat, rye, and barley. The intake of gluten has may end up in various problems such as bloating, abdominal pain, depression, and in many cases unexplained weight loss. This urges the need for application and usage of gluten free product to avoid such ailments.
Pulse flours are said to be the substitutes of wheat flour and other related substances. Thus, these products are completely gluten free and hence are considered as safer and much healthier for consumption. The growth in health concerns regarding nutritional requirements and the prevalence of diseases on gluten consumption drive the market growth. This provides the market players an opportunity to diversify into the clean label food segment.
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Key Segments Covered:
Key Benefits of the Report:
- This study presents the analytical depiction of the global pulse flour industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global pulse flour market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global pulse flour market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global pulse flour market analysis based on competitive intensity and how the competition will take shape in coming years.
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