Pulse flour is a type of flour made from pulses such as chickpeas, lentils, peas, and beans. It has gained significant popularity in recent years due to its numerous health benefits, including high protein content, low glycemic index, and gluten-free nature. As a result, the global pulse flour market is expected to witness significant growth over the forecast period. The rise in demand for vegan and vegetarian diets, coupled with an increasing number of people with gluten intolerance or celiac disease, is driving the demand for pulse flour. Moreover, the growing trend of clean label and organic food products is further fueling the demand for pulse flour as it is a natural and sustainable ingredient.
According To Fact.MR, The global pulse flour market stands at a value of US$ 20.2 billion in 2023 and is forecasted to reach US$ 54.9 billion by the end of 2033. Worldwide shipments of pulse flour are predicted to rise at a stellar 10.5% CAGR over the next ten years.
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The Asia Pacific region is expected to dominate the global pulse flour market due to the high consumption of pulses in the region. The rising population and increasing disposable income are further expected to drive the demand for pulse flour in this region. Additionally, the increasing demand for healthy and gluten-free food products is also contributing to the growth of the pulse flour market in the Asia Pacific region. The North American and European markets are also expected to witness significant growth due to the increasing demand for plant-based food products and the rising number of people with gluten intolerance or celiac disease in these regions. Overall, the global pulse flour market is expected to experience a substantial surge in demand over the forecast period, driven by the growing health-consciousness and demand for sustainable and natural food products.
Which Type of Pulse Flour is Most Widely Preferred?
Among the different types of pulse flour available in the market, chickpea flour is the most widely preferred due to its versatile nature and numerous health benefits. Chickpea flour, also known as gram flour, is a gluten-free flour made from ground chickpeas. It has a nutty flavor and is rich in protein, fiber, and other essential nutrients. It is commonly used in Indian and Middle Eastern cuisine for making a variety of dishes, including falafel, pakoras, and besan ladoo. It is also used as a vegan egg substitute in baking and as a binder in gluten-free recipes.
Other types of pulse flour that are gaining popularity include lentil flour, pea flour, and bean flour. Lentil flour is known for its high protein and fiber content and is used in soups, stews, and bread. Pea flour is rich in iron, folate, and other essential nutrients and is used in baked goods, snacks, and pasta. Bean flour is a good source of protein and is used in tortillas, chips, and snacks. Overall, while chickpea flour is the most widely preferred type of pulse flour, other types are also gaining popularity due to their unique properties and health benefits.
Will Start-ups Have a Chance at Making a Mark in Pulse Flour Industry?
Yes, start-ups will have a significant chance at making a mark in the pulse flour industry. The global pulse flour market is still in its early stages, and there is a lot of room for innovation and new entrants. Moreover, the trend towards healthier and sustainable food products is driving the demand for pulse flour, creating opportunities for start-ups that can offer unique and innovative products. Many start-ups are already developing new pulse flour-based products such as snacks, pasta, and baked goods, which are gaining popularity among health-conscious consumers.
Furthermore, the pulse flour industry is also ripe for disruption due to the traditional dominance of large agribusinesses. Start-ups can leverage technologies such as precision agriculture, blockchain, and artificial intelligence to streamline production, improve quality control, and enhance supply chain transparency. Additionally, start-ups can leverage social media and digital marketing to reach a wider audience and build brand awareness. Overall, the pulse flour industry offers significant opportunities for start-ups to make a mark by offering innovative, sustainable, and healthy food products, and by leveraging technology to create efficiencies in production and distribution.