Pulse Flour Market worth US$ 15.3 Billion 2019 with a CAGR of 10.50%.

 

The report "Pulse Flour Market, By Category (Organic Flour and Conventional Flour), By Product Type (Bean, Chickpea, Lentil, and Pea), By Application (Bakery, Beverages, Extruded Snacks, Pet Foods, and Other Applications), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”.

Key Highlights:

  • In February 2018, Ingredion purchased a processing facility in South Sioux City, Nebraska and is making significant capital investments to transform the site to produce pulse-based protein isolates. By end of 2019, this facility will produce ingredients that enhance the Company’s current VITESSENCE Pulse protein isolate line, to include higher protein isolates primarily for the nutrition, health and wellness categories.
  • In December 2018, Ingredion entered into a joint venture with Verdient Foods, Inc., a Canadian-based company in Vanscoy, Saskatchewan, jointly owned and operated by James Cameron, Suzy Amis Cameron and a local Saskatchewan family office – PIC Investment Group. The facility currently produces pulse-based protein concentrates and flours from peas for animal and consumer food applications.

Analyst View:

Market Growth Drivers

  • Increasing Demand for Pulse Ingredients
  • Increased Usage in Pet Food and Feed Applications
  • Rising Consumer Awareness Regarding Health and Nutrition
  • Used as Substitute of Other Agricultural Products

Opportunities and Trends

  • Rise in the Preference of Pulse Flour over Other Flour
  • Extensive research by product manufactures

Key Market Insights from the report:        

The global pulse flour market accounted for US$ 15.3 billion in 2019 and is projected to register a moderate CAGR of 10.50% over the forecast period. The market report has been segmented on the basis of category, product type, application, and region.

  • By category, the organic segment is expected to see comparatively high CAGR over the forecast period owing to its health benefits over the conventional segment. 
  • By product type, the chickpea flour is expected to dominate the global pulse market owing to large application in the regional cuisines across the different ethnic group. 
  • By application, Bakery and snacks is anticipated to be the dominant application segment throughout the forecast period owing to high product demand in these applications.
  • By region, North America is expected to dominate the global pulse flour market over the forecast period owing to increasing demand for gluten-free food and ingredients in the region. 

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Competitive Landscape:

The prominent player operating in the global pulse flour market includes Bob’s Red Mill Natural Foods, AGT Food and Ingredients Inc., Ingredion GmbH, Red River Commodities, Inc., Globeways Canada, Inc., Archer Daniels Midland Company, Woodland Foods. Ltd., King Arthur Flour Company, Inc., Tata Chemicals and Avena Foods.

The market provides detailed information regarding industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included into the report.

About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

Some Important Points Answered in this Market Report Are Given Below:

  • Explains an overview of the product portfolio, including product development, planning, and positioning
  • Explains details about key operational strategies with focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
  • Detailed analysis of the market revenue over the forecasted period.
  • Examining various outlooks of the market with the help of Porter’s five forces Analysis, PEST & SWOT Analysis.
  • Study on the segments that are anticipated to dominate the market.
  • Study on the regional analysis that is expected to register the highest growth over the forecast period.

Key Topics Covered

  1. Introduction
  • Study Deliverables
  • Study Assumptions
  • Scope of the Study
  1. Research Methodology
  2. Executive Summary
  • Opportunity Map Analysis
  • Market at Glance
  • Market Share (%) and BPS Analysis, by Region
  • Competitive Landscape
  • Heat Map Analysis 
  • Market Presence and Specificity Analysis
  1. Investment Analysis
  2. Competitive Analysis

To know more

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Sales

Prophecy Market Insights

Email- sales@prophecymarketinsights.com

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