According to a new report, published by KBV research, The Global Pulse Flour Market size is expected to reach $61.2 billion by 2031, rising at a market growth of 13.7% CAGR during the forecast period. In the year 2023, the market attained a volume of 4,104.99 Kilo Tonnes experiencing a growth of 13.3% (2020-2023).
Urbanization has significantly increased the demand for convenient and nutritious food options that cater to the fast-paced lifestyles of city dwellers. Pulse flours have become a key ingredient, offering a versatile, health-focused solution for ready-to-cook products. Pancake and muffin mixes made with pulse flours, such as chickpea and lentil flours, combine ease of preparation with high protein and fiber content, making them popular among urban consumers.
The Chickpea segment is experiencing a CAGR of 13 % during the forecast period. Its gluten-free nature and high protein and fiber content make it an attractive alternative for health-conscious consumers and those with dietary restrictions. Its suitability for various applications, from traditional cuisines like flatbreads and fritters to modern gluten-free bakery products, has boosted its global demand.
The Bakery & Snacks segment led the maximum revenue in the Global Pulse Flour Market by Application in 2023, thereby, achieving a market value of $36 billion by 2031. Due to their excellent nutritional profiles and functional properties, pulse flours, such as chickpea and pea flour, are increasingly used in bread, cookies, crackers, and savory snacks. The rising popularity of plant-based diets and clean-label products has fueled the adoption of pulse flours in bakery and snack applications.
The Supermarkets/Hypermarkets segment is growing at a CAGR of 13 % during the forecast period. The segment is growing owing to its wide accessibility and variety of products offered under one roof. These retail outlets provide a convenient shopping experience, allowing customers to explore and compare different brands of pulse flour. The ability to physically inspect the product quality and avail discounts or promotions further attracts consumers.
Full Report: https://www.kbvresearch.com/pulse-flour-market/
The Asia Pacific region dominated the Global Pulse Flour Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $27.3 billion by 2031. The North America region is anticipated to grow at a CAGR of 12.9% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 13.4% during (2024 - 2031).
By Product (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2020-2031)
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