The Clientless Remote Support Software business report gives CAGR values along with its fluctuations for the specific forecast period. The report contains top to bottom analysis and estimation of various market-related factors that are incredibly crucial for better decision-making. This industry analysis document provides a comprehensive explanation of the market trends, market segmentation, compe...
The increased demand for flour variants from the food industry around the world will drive the legumes market and make it a profitable growth center during the forecast period. Fact.MR, in its latest research report, estimates that the global legumes market is expected to grow at a staggering CAGR of over 10% during the forecast period 2019-2026, twice as fast as the global flour market. With increasing demand for legume flour for household and industrial applications, the market is expected to witness robust growth making the landscape very competitive. Legumes such as lentils, beans, peas and chickpeas are excellent sources of amino acids and plant-based protein. You will also be trained to improve the health properties of gluten-free products. With this in mind, the demand for legumes is expected to grow exponentially creating an absolute dollar opportunity of approximately $15 billion during the forecast period 2019-2026.
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Manufacturers are actively focused on developing methods to maintain the nutrient density of legume flour used in food products. In addition, manufacturers employ advanced technologies that help increase the marketability of value-added legume flour without compromising on quality. Consumption of legume flour in several processed food categories, including instant noodles, noodles, extruded snack foods, and breakfast cereals, has led to increased demand in recent years.
Key Takeaways from the Global Legume Flour Market
Chickpea-type legume flour accounts for one-third of the market share and is expected to show strong growth in the legume flour market during the forecast period, driven by increased demand from the baking industry and confectionery.
The application of legume meal as animal feed is a major contributor to the global consumption of legume meal and is expected to more than double over the forecast period due to increased demand in the food industry.
The Asia Pacific ex-Japan market holds more than a third of the market share. Additionally, the growing Asia Pacific ex-Japan consumer base is expected to grow at a CAGR above the global average.
The legumes market in North America and Latin America combined is expected to hold more than a quarter of the market share in value and to register significant growth during the forecast period.
Food Chain Services is the fast growing legume meal distribution channel across the world which is expected to double during the forecast period.
The bakery and confectionery applications of legume flour hold more than a third of the market share and is expected to double during the forecast period.
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Key segments covered
legume flour Lentil legume flour
flour Bean flour
Other legume flours
Legume flour for bakery and confectionery
Legume flour for extruded products
Legume flour for beverage
Legume for animal feed
Legume meal for dairy
Legume meal for other applications
Sale of legume through food chain
services Sale of legume flour About Modern Trade
Selling legume flour through convenience stores
Impulse flour sales by department stores
Legume flour sales through online stores
Legume flour sale through other distribution channels
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Key inclusions by country
US Legume Market • Legume Market Sales
• German Legume Flour Market Production
• UK Legume Market Industry
• French Calcium Silicate Board Market • Market Supply
Data on recently introduced regulations and their impact on key industries and demand for Legumes
The latest Industry Pulse Flour market featuring key analysis of market drivers, trends and influencing factors
Key trends Pulse Flour market analysis and changing consumer preferences across major industries.
Evolution of market demand for legumes and consumption of different products
Megatrends underlying funding from key investors in many countries
New investment opportunities in different technologies and types of products or services
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