The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Pulse Flour Global Market Report 2023, the pulse flour market is expected to show significant growth in the forecast period.

The pulse flour market has experienced a rapid surge in size, soaring from $9.9 billion in 2023 to an anticipated $11 billion in 2024. This robust growth is attributed to several factors, including the rising trends in health and wellness, the increasing demand for gluten-free and allergen-free products, and the expanding utilization of pulse flours in various food processing applications.

Upward Momentum Continues
The market’s upward momentum is expected to persist, projecting a further climb to $15.95 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. Contributing factors to this growth include the heightened demand for gluten-free and healthy food products, increased awareness of the health benefits associated with pulses, and governmental support for both pulse production and consumption.

Government Initiatives Ignite Growth in the Pulse Flour Market

Driving Forces Behind Growth
Government initiatives are emerging as a pivotal force propelling the pulse flour market forward. These initiatives, whether at the federal, state, or local level, play a crucial role in supporting the cultivation, processing, and consumption of pulses. For example, the Government of Western Australia initiated measures in February 2023 to promote pulses, emphasizing their nutritional benefits and global significance.

Global Recognition of Pulses
Pulses, including lupins, lentils, chickpeas, field peas, and faba beans, have garnered global attention for their nutritional benefits. Government initiatives aim to enhance the quality of pulses, making them more suitable for processing into flour. As a result, these initiatives contribute significantly to the growth of the pulse flour market.

View More On The Pulse Flour Market Report 2023 – https://www.thebusinessresearchcompany.com/report/pulse-flour-global-market-report

Innovative Products Such as Prista Flour Drive Market Position for Major Pulse Flour Companies

Major Players and Product Innovations

Leading companies in the pulse flour market, such as Cargill Incorporated and The Archer-Daniels-Midland Company, are actively innovating to maintain their market positions. Notably, Ingredion Incorporated launched Prista, a range of gluten-free flours designed as substitutes for wheat flour. This innovative product line includes pea protein concentrates and fava bean protein concentrates, showcasing the versatility of pulse flours in creating various food products.

Expanding Market Horizons

Manufacturers leverage pulse flours and concentrates to create a spectrum of items, from fast drinks to ready-to-eat foods, where low microbial levels are crucial. This expansion into diverse product categories enhances the market position for major pulse flour companies, showcasing the versatility and adaptability of pulse-based innovations.

Columbia Grain International Expands Into Consumer-Packaged Goods Market Through Acquisition Of Great River Organic Milling

A Strategic Move in the Market

In June 2023, Columbia Grain International Inc. made a strategic move by acquiring Great River Organic Milling, a US-based flour manufacturing company. This acquisition provides Columbia Grain International with a solid foundation to enter the consumer-packaged goods market and develop novel, wholesome packaged food products. Great River Organic Milling’s specialization in organic and specialty pulse flours aligns with the market’s increasing focus on health-conscious consumers.

Market Segmentation and Regional Dynamics

Understanding Market Diversity

The pulse flour market is intricately segmented to capture its diverse landscape:

1. Product Type: Bean, Chickpea, Lentil, Pea
2. Category: Organic Flour, Conventional Flour
3. Distribution Channel: Food Chain Services, Modern Trade, Convenience Store, Departmental Store, Online Store, Other Distribution Channel
4. Application: Bakery, Extruded Snacks, Pet Food And Feed, Other Applications

Regional Dynamics
North America led the pulse flour market in 2023, with Asia-Pacific projected to be the fastest-growing region in the forecast period. These regional dynamics underscore the global nature of the pulse flour market and the opportunities it presents for diverse market players.

Request A Sample Of The Global Pulse Flour Market Report 2023:
https://www.thebusinessresearchcompany.com/sample_request?id=12876&type=smp

The Pulse Flour Global Market Report 2023  provides an in-depth analysis on the pulse flour market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the pulse flour market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Specialty Flours Global Market Report 2023

Organic Flour Global Market Report 2023

Functional Flour Global Market Report 2023

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