The pulse flours market is projected to grow at a CAGR of 12.2% from 2017 to 2022. High protein content of pulses, rise in demand for healthy foods, and growth in protein-rich food products are the major drivers contributing to the growth of the market. The key market players have adopted strategies such as expansions, acquisitions, and new product launches to expand their share in the pulse flours market. The key players who adopted these strategies are ADM (US), Ingredion (US), The Scoular Company (US), SunOpta (Canada), Anchor Ingredients (US), EHL Limited (UK), Batory Foods (US), Diefenbaker Spice & Pulse (Canada), Blue Ribbon (Australia), Great Western Grain (Canada), Best Cooking Pulses (Canada), and Bean Growers Australia (Australia).
Archer Daniels Midland Company (ADM) is a key player in the agricultural and food processing industry. It is engaged in the production of food ingredients, animal feed & feed ingredients, and biofuels. Its three business segments include oilseed processing, corn processing, and agricultural services.
The company aims to attain growth by investing in acquisitions and expansions of facilities that will enhance its efficiency. For instance, in 2014, ADM completed its acquisition of Specialty Commodities Inc. (US), a leading originator, processor, and distributor of healthy ingredients, including nuts, fruits, seeds, legumes and ancient grains, for USD 191 million. The acquisition is expected to expand ADM's specialty ingredients portfolio to serve its customers better.
Ingredion provides ingredient solutions to the food, beverage, brewing, and pharmaceutical industries. The company operates through six business segments—food, beverage, animal nutrition, paper & corrugating, brewing, and others which include personal care, pharmaceuticals, and biopolymers. The company has been engaged in expanding its global presence through the acquisition of other companies. In April 2016, the company acquired the remaining shares of Illovo Sugar Limited (South Africa). In 2015, the company invested in expanding its innovation and sensory capabilities. The expansion was held in the Asia Pacific region with the establishment of a sensory panel in Singapore. The investment helped speed up the development process of the company.
Pulse Flours Market by Type (Pea, Bean, Chickpea, Lentil), Application (Food (Bakery Products, Extruded Food, Meat Products, Beverages), Feed, Nutraceuticals, Personal Care), and Region - Global Forecast to 2022
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