Europe Pulse Flour Market

Europe Pulse Flour Market Analysis:

Europe Pulse Flour Market size was valued at USD 7.92 billion in 2021 and is anticipated to the extent an over of USD 15.58 billion by the end of the assessment period. The Europe Pulse Flour Market is estimated to experience reasonable growth to record a CAGR of 14.5% throughout the estimated period 2022 - 2027.

Pulse are legumes that are found in almost all producing regions of the world. Pulse flour is obtained from dried and ground legumes that are then refined for use in various applications. Pulse flour is widely used in the bakery and snack industry to improve the condition of the dough and also to increase the protein content, as Pulses are a great source of protein. Beans, lima beans, yellow peas, and lupins are widely used varieties in the Pulse Flour market. The Pulse flour market is expected to be dominated by North America during the forecast period. The Pulse flour market is expected to gain importance due to the growing trend to use gluten-free flour.

Market Recent Developments:

In March 2019, Archer Daniels Midland (ADM) launched a range of homogeneous, high-quality, high-performance organic flour products. The company will use sources of wheat and legumes to produce them.

In January 2018, Saskatchewan bean processor Verdient Foods Inc. signed a joint venture agreement with US Company Ingredion to expand its operations. Le Vanscoy, Sask. An organic pea protein fractionation plant has been operating since last year, and the new deal will see it expand operations to include more Pulse. Ingredion announced the deal in December as part of a $ 140 million investment in plant protein. The announcement also included the expansion of Ingredion's VITESSENCE Pulse line of protein isolates.

In August 2018, Bunge introduced Pulse-based flour. It will be used as a substitute for modified starches and will provide nutritional benefits. This launch expanded the company's product portfolio and retained more customers as this product was able to meet customer demand and needs.

In September 2016, Ingredion launched a flour and Pulse protein with a unique taste in Europe. The company had added the VITESSENCE Pulse CT and HOMECRAFT Pulse CT proteins to its product portfolio. These allow higher dosages in low humidity applications such as pasta and snacks and sweet products without any negative impact on the sensory experience or the flavors of the product. This launch expanded the company's product portfolio and increased its market share.

Market Drivers:

The market for Pulse flour is primarily driven by the health benefits of flour. Light flours add protein, fiber, and micronutrients while reducing fat, a property rarely found in food. A small amount of Pulse flour can be added to increase the health attributes of gluten-free products. Consumers around the world are attracted to Pulse flour because of its uniqueness, which drives the market. Countries such as India, the United States, and Canada are the next markets for pulses flour and, therefore, a promising market. Peas and chickpeas are widely used to make flour from Pulse. Pulse flour is best used for baking a wide variety of snacks that cannot be made with wheat flour or any other type o f flour. Therefore, the market for pulses flour is expected to grow during the forecast period due to its versatile advantages. Tortilla and potato chip producers are turning to Pulse flour instead of other flours due to capital expenditure for in-house baking, product consistency, utility costs, stricter waste, and environmental regulations. However, Pulse Flour does come with some restrictions. Pulse flour depends only on the type of Pulses used and the Pulse production technique used, which can negatively affect the quality of the flour. The quality of Pulse also depends on the weather, rainfall, water sources and the quality of the water, and the pesticides and manure used, which can negatively affect the quality of the finished product or flour.

Market Segmentation Analysis:

The market segmentation for Europe Pulse Flour can be divided into Type and Application. The Pulse flours market, by type, is segmented into peas, beans, chickpeas, and lentils. The chickpea flour segment dominated the market in the Pulse flour market in 2016. It is a good source of protein, vitamins, minerals, and carbohydrates and contains high levels of dietary fiber. Chickpea flour provides many health benefits, such as stabilizing blood sugar, improving digestion, managing weight, and minimizing the risk of a heart attack. It is widely used in aroma and flavor-enhancing products such as soups, sauces, dressings, and spreads. On the basis of application, the market for pulses flours is segmented into food, feed, and others. The other food segment is further segmented into bakery products, extruded foods, meat products, beverages, and others. The food segment, as a whole, accounted for the largest market share in 2016 due to the growing demand for healthier and gluten-free products. Pulse flours are used as substitutes for other agricultural products such as wheat, corn, soybeans, and other traditional ingredients in various food products to increase the nutritional profile of the final food product. It is one of the factors that drive the market for pulses flours in the food industry

Regional Analysis;

The market for Europe Pulse Flour has been classified on the basis of geography to offer a clear understanding of the market. The Europe Pulse Flour Market has been divided into the United Kingdom, Germany, France, Italy, Spain, and the rest of Europe. The Europe to capture a significant volume share in the pulse flour market resulted by the large process food industry in the region. Germany's pulse flour market is leading with the dominant shares with the increasing population. UK pulse flour market is estimated to have the dominant growth rate in the coming years. Increasing urbanization and growing prevalence for quality food products are escalating the demand of the market in the UK. Spain's pulse flour market is next to the UK pulse flour market is holding the shares. France pulse flour market demand is esteemed to have a significant growth rate in the coming years.

Major Key Players Profiled in the market report are:

The Europe Pulse Flour Market is concentrated on well-established players. Key players in the Europe Pulse Flour Market include Ganesh Grains Ltd., Ingredion Incorporated, Parakh Agro Industries Ltd., Diefenbaker Seed Processors, CanMar Grain Products, Harvest Innovations, AGT Food & Ingredients, Best Cooking Pulses Inc., and ADM