New York, Sept. 23, 2019 (GLOBE NEWSWIRE) -- Rising demand for plant-based protein sources, growth in consumer preference for vegan diets and the rising demand for gluten-free cleaner product labels are key factors contributing to high CAGR of Pulse Flour market during the forecast period.
According to the current analysis of Reports and Data, the global Pulse Flour market was valued at USD 11.51 Billion in 2018 and is expected to reach USD 28.9 Billion by year 2026, at a CAGR of 12%. The Pulse Flour market is expanding with a growing trend for nutritious, protein-rich and gluten-free foods. There is an increasing consumer preference for vegetarian diets and cleaner product labels. Since these products are rich in protein, potassium, iron and fibre; they find extensive application in health foods. Chickpea is the most popular pulse flour category because of a varied range of application. The rising demand for organic food products and plant-based protein sources is also propelling the market growth.
The developed economies of North America and Europe are witnessing a growth in the Pulse Flour market and a significant portion of this demand comes from the middle-income earning countries. The Asia Pacific market holds the largest consumer base for the Pulse Flour market and the region is expected to expand in pulse flour production and consumption at the highest CAGR. Despite a favourable growth scenario, fluctuations in pulse production and increasing prices hinder the market growth. Moreover, addressing the taste requirements of consumers is a challenge in this market.
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Further key findings from the report suggest
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Segments covered in the report:
For the purpose of this study, Reports and Data have segmented the Pulse Flour market on the basis of type, application, and region:
Type (Revenue, USD Million; 2016–2026)
Application (Revenue, USD Million; 2016–2026)
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Regional Outlook (Revenue in USD Million; 2016–2026)
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