(Food-Beverage-News.Com, January 23, 2018 ) Pulse Flours market accounted to USD 9.9 billion in 2016 growing at a CAGR of 12.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Pulse Flours Market By Type (Peas, Chickpeas, Bean, Lentil), By Application (Food & Beverages, Feed, Others), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
Pulse flour is gaining importance as an ingredient in food & beverages industry as it is a source of dietary fibre, protein, iron and other minerals and vitamins. The food products with pulse flour as an ingredient is widely accepted by consumers preferring vegan products. The ingredient is gaining its market presence in gluten-free market.
Report Drivers and Restraints:
Rising demand of vegetarian and vegan products
Growth in the demand of clean label and gluten free products
By type the market for Pulse Flours market is segmented into peas, chickpeas, bean and lentil.
By application the Pulse Flours market is segmented into food & beverages, feed and others. The food & beverages segment is sub-segmented into bakery, meat substitutes, extruded foods, beverages, others.
On the basis of geography, Pulse Flours market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
The Pulse Flours market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Pulse Flours market for global, Europe, North America, Asia Pacific and South America.
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