Latin America Pulse Flour Market

Latin America Pulse Flour Market Size, Share, Growth (2022-2027)

Latin America Pulse Flour Market is estimated to experience reasonable growth to record a CAGR of 14.05% throughout the estimated period (2022 - 2027).

Overview:

Pulses are legumes that are found in almost all producing regions of the world. Legume 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 Pulse is 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. The Latin America Pulse Flour Market is expected at USD 2.3 billion in 2018 and is anticipated to the extent an over of USD 4.43 billion by the end of the assessment period.

Latin America Pulse Flour Market Recent Developments 

1. 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.

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

3. askatchewan 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 Pulses. 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.

Latin America Pulse Flour Market Drivers and Restraints:

The growing consumer demand for pulses flours is increasing due to its multiple benefits associated with consumption. Light flours are low in fat and contain fiber and protein, which has shown an unlimited inclination towards Pulse flour products. In addition, the therapeutic benefits associated with consumption, such as maintenance of blood sugar levels, improved digestion and weight control, have increased the use of Pulse flours in the food and beverage and food industry functional. The market for Pulse flour is expected to be driven by demand for gluten-free flour and a healthier option compared to conventional meals available. It is anticipated that the high nutrient and protein content of Pulse flour will allow the market to penetrate deeper into urban areas, as the working-class population is likely to choose healthier products before any other demographic. In addition, the increased preference for organic brand food and drink products has increased the demand for pulse flours in the world market. Furthermore, the growing demand for gluten-free products in the food industry by gluten-resistant consumers is likely to increase the global market for pulses during the period under review. Furthermore, Pulse flours used in food and beverage products have a long shelf life, which has increased the demand for Pulse flours in the food and beverage industry. However, the market for Pulse flour is expected to face competition from other natural protein ingredients available on the market. Additionally, the increasing demand for nut and oilseed flours such as hemp, soybeans, flax, and almonds may hamper the overall market growth.

Latin America Pulse Flour Market Segmentation

The Latin America Pulse Flour Market is segmented according to the

• Origin

• Type

• End-user

• Sales channel

by origin

• organic

• conventional

The organic segment is expected to see a comparatively high CAGR during the forecast period due to its health benefits compared to the conventional segment. The conventional segment is expected to dominate in terms of volume share in the world market for Pulse flour due to its lower price and ease of production.

By type

• beans

• lima beans

• peas,

• chickpeas

• lentils

• lupins

By end-user

• food

• nutraceutical

• animal feed

• pet food industries

Impact of covid-19 on Latin America Pulse Flour Market

COVID-19 has also had an impact on their business. While this pandemic situation has also affected their businesses, there is no significant impact on global operations and the supply chain of their microencapsulation products. The multi-player manufacturing facility is still in operation. There is a sharp increase in consumer demand for microencapsulated food supplements, as they provide strong immune function and reduce the risk of health threat. In addition, many countries around the world are experiencing a lockdown and government authorities have ordered social distancing to curb the transmission of the epidemic. As a result, both imports and exports in many countries have been limited or delayed since the outbreak. This poses a disadvantage for product providers, as their supply chain is not equipped to handle increased demand.

Latin America Pulse Flour Market Regional Analysis

• Mexico

• Brazil

• Peru

• Chile

and the rest of Latin America. The Pulse flour market in Latin America is expected to show significant growth in the coming years due to the developing countries Brazil and Mexico. The growing awareness of the health benefits of Pulses in the region is the main driver of the market. Consumers with greater purchasing power have begun incorporating Pulse flours into their daily meals as part of the transition to healthier diets. Improving economic conditions in several countries in the region has led to greater investment in healthier food. The abundant availability of various Pulses in the region has led the main players to invest in the region. In addition, being a major supplier and producer of pulses, along with government support, the country has growth prospects for new players entering the pulses processing industry.

Latin America Pulse Flour Market Key Players

• Great Western Grain

• Bean Growers Australia

• Ingredion

• CanMar Grain Products

• Diefenbaker Spice & Pulse

• AGT Food & Ingredients

• Best Cooking Pulses

• The Scoular Company