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In January 2018, Verdient Foods has entered into a joint venture agreement with U.S. company Ingredion to expand its operations in pulses and the products are available in more than 120 countries. Also, In November 2018, Bunge introduced a non-GMO lentil functional flour to its product portfolio which is marketed as clean label ingredients. Lentil functional flour acts as a substitute for modified starches and offers nutritional benefit.
Most of the companies are involved in various strategic initiatives to strengthen their market presence and gain a competitive edge in the value chain. Global pulse flour market share is fragmented including
Ingredion, ADM, Bunge, The Scoular Company, Best Cooking Pulses, AGT Food & Ingredients, Diefenbaker Spice & Pulse, CanMar Grain Products, Parakh Agro Industries, Blue Ribbon, EHL, Bean Growers Australia, Great Western Grain, SunOpta and Ganesh Grains are the prominent players operating in the global market.
Growing demand in extruded snack and bakery product applications to gain competitive advantage and increasing demand for gluten free products are the major factors driving the growth of global market.
Worldwide industry for pulse flour will register over 14.6% CAGR from 2019 to 2025.