Pulse flour is made from milled pulses and are refined so as to be used in various applications such as dairy products, snacks, etc. Pulse flour is good source of potassium, protein, and fibres.
A major factor driving growth of the global pulse flour market is increasing demand for nutritious, protein rich, and gluten-free products. In addition, increasing adoption of pulse flour in bakery products, protein shakes, smoothies, and snacks is another factor driving growth of the global pulse flour market. A major factor restraining growth of the global pulse flour market is Increasing demand for nuts and oilseed-based flour such as soy, almond, hemp, and flax.
The global pulses flour market is segmented on the basis of type, application, and region. On the basis of type, the global market is segmented into chickpea, pea, bean, and lentil. The chickpea segment is expected to witness highest growth over the forecast period.
On the basis of application, the market is segmented into bakery & snacks, dairy, beverage, and others. The bakery & snacks segment accounts for highest revenue share and is expected to witness highest growth over the forecast period.
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Based on the region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Europe accounts for highest share in terms of revenue in the global market. The market in Asia Pacific is expected to register a significant growth in the global market during the forecast period. Increasing demand for bakery products is a major factor driving growth of the Asia Pacific pulse flour market.
Key player operating in the global pulses flour market include Harvest Innovations LLC, Parakh Agro Industries Ltd., Canmar Grain Products Ltd., Archer Daniels Midland Company, Ingredion Incorporated, Best Cooking Pulses Inc., Ganesh Grains Ltd., Diefenbaker Seed Processors Ltd., Alliance Grain Traders Inc., and Rotel İç ve Dış Ticaret A.Ş.