Asia Pacific Pulse Flour Market

Asia Pacific Pulse Flour Market Size, Growth Analysis 2022 - 2027:

Asia Pacific Pulse Flour Market size is estimated to experience reasonable growth to record a CAGR of 15% throughout the estimated period 2022 - 2027.

Pulse flour is made from ground or dried Pulses that are refined for use in a variety of baked goods, including bread, rolls, cookies, and muffins. It is used as a functional food ingredient due to its gluten-free nature and its ability to improve the texture and shelf life of foods. These types of flour are widely used in bakery products and in the snack industry to improve the nutritional, protein, and flavor content of the products. According to the Northern Pulse Producers Association, every 10 grams of pea flour increases protein and dietary fiber by 2.5 grams and is a natural choice for fortification with folate and zinc. The product offers solutions to increase the nutritional value of foods without altering the properties of flavor, aroma, and color. The Asia Pacific Pulse Flour Market is expected at USD xx.xx million in 2021 and is anticipated to the extent of an over of USD xx.xx million by the end of the assessment period.

Asia Pacific Pulse Flour Market Recent Developments:

1. 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.
2. 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 legumes. 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.
3. In August 2018, Bunge introduced legume-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.
4. In September 2016, Ingredion launched a flour and legume 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.

Asia Pacific Pulse Flour Market Drivers and Restraints:

The market for Pulse flour is booming with the continuing upward trend of nutritious, protein-rich, and gluten-free foods. Expanding global gluten-free and healthy food markets and growth opportunities for low-glycemic index (GI) foods and other specialty and niche Pulse products and industries are also subsidizing product demand. Consumers are increasingly preferring vegetarian diets and cleaner product labels, which is likely to boost the market for Pulse flour. Light flours are rich in protein, potassium, iron, and fiber; therefore, they find wide application in health-oriented food markets. Pulses have several health benefits, ranging from reducing the risk of cardiovascular disease to applying fat reduction. They have a nutty flavor and excellent texture, which is suitable for baking and making extruded snacks. The high amino acid profile also allows producers to use a health claim in the final product. Food products made with any ingredient in Pulse flour have shown excellent food quality and increased consumer acceptance, creating high demand. However, the high percentage of these products as formulation ingredients can cause sensory problems in some food products. Volatility in commodity prices is likely to hamper the growth of the market for pulses. Furthermore, the sudden impact of the COVID-19 pandemic will hamper growth by halting production and disrupting the supply chain.

Asia Pacific Pulse Flour Market Segmentation

The market segmentation for Asia Pacific Pulse Flour can be divided into Application and Type. Snacks and baked goods made from whole-grain lentil flour have been shown to be accepted by consumers in terms of structure and texture aspects. Different FAO studies have used lentils mixed with cornstarch in a proportion of 15 to 10% (corn / Pulse). The scientists reported that Pulse are preferred because they are low in fat, free of sodium and cholesterol, which is expected to be the trend of consumers during the analysis period. Pulse flours are used in the manufacture of snacks, baked goods, and dairy products due to its high nutrient content compared to other types of flours. Flour is also widely used as a functional food ingredient. Pulsed flour in baked goods and snacks improves the amino acid profile of products. Also, the flavor of Pulse, combined with baked goods, enhances the flavors and nutritional content. Pulse flour is incorporated up to 10% into wheat flour to increase water absorption and reduce bread volume and cookie spread ratios. In addition, it improves the nutritional quality without affecting the sensory quality of baked products because it is a good source of protein. Some consumers are allergic to gluten, which may lead users to prefer products made with Pulse flour. The ingredients are ideal for fat-free and low-fat formulas, which are also hypoallergenic, non-GMO, cholesterol-free, and gluten-free, highly preferred by consumers in developed economies.

Impact of covid-19 on Asia Pacific Pulse Flour Market

Amid lockdowns due to the impacts of COVID-19, production for the pulses flour markets has stopped for some time. This had reduced inventory availability in stores, which meant lower revenue. Although food consumption was higher because people were at home, the food equipment market has been affected worldwide due to the COVID-19 pandemic. It has had an impact on the meat products market due to negative publicity on social media about the health risks associated with consuming animal products. At the same time, the market for baked goods and prepared meals has seen good growth as they are readily available and tasty to eat.

Asia Pacific Pulse Flour Market Regional Analysis

The market for Asia Pacific Pulse Flour has been categorized on the basis of geography to offer a clear understanding of the market. The Market for Asia Pacific Pulse Flour has been divided into China, Taiwan, South Korea, India, Japan, Australia, and New Zealand, and the rest of the Asia-Pacific. In the Asia-Pacific region, agricultural development has improved in recent years and the irrigation of pulses is expected to increase the demand and market popularity of pulses flour in the coming years. Additionally, various innovations in the food processing and catering market will create new opportunities and prospects in the market for pulses flour. This is because the demand for bean flour from snack food producers and bakeries is increasing, customer awareness of the benefits of bean flour is increasing, and the need and demand for gluten-free foods among customers is increasing. Demand in Asia Pacific is expected to increase by more than 15% CAGR respectively. Asia-Pacific is the main consumers of the beverages that make up the product. Increased consumption of energy and sports drinks in the region will stimulate demand for beverage production.

Leading Company

Ingredion Incorporated had the largest share of the Asia Pacific Pulse Flour Market in terms of sales revenue in 2021.

Asia Pacific Pulse Flour Market Key Players

The Asia Pacific Pulse Flour Market is concentrated on well-established players. Key players in the Asia Pacific 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