Pinto bean flour contains high amount of nutrients such as carbohydrates, fats, proteins, etc. It is utilized in a number of recipes in hospitality, food services, and household use. The global pinto bean flour market is expected to grow at a significant growth rate, attributed to rapid growth of food & beverages industry across the globe over the forecast period.
High nutrition content of the pinto beans particularly high protein is expected to drive the growth of the market. High preference for organic and gluten-free products among the consumer across the globe is one of the crucial demand side factor driving the global pinto bean flour market over the forecast period. The bean is preferred by the vegetarian or vegan population as a source of protein.
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This, in turn, leads to increasing the market share of pinto bean flour across the globe. Growing food and beverages industry is also another factor fuelling the global pinto bean flour market over the forecast period. Moreover, the reasonable cost of pinto bean flour is expected to bolster its growth in developing economies such as the Middle East and Africa and Asia Pacific.
Merger & acquisition among the supply chain entities and pinto bean flour suppliers are the trending factors in global a pinto bean flour market over the forecast period. Pinto bean flour processor can leverage potential opportunities in regions such as North America, Europe, and Asia Pacific, attributed to increasing demand for healthy food products in the regions. Global pinto bean flour marketers are focusing on strengthening its supply chain and focusing on high priority market.
On the basis of geography, the global pinto bean flour market is fragmented into seven regions namely, North America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Latin America, the Middle East & Africa and Japan. The North America pinto bean flour market is expected to dominate the global pinto bean flour market in terms of revenue share over the forecast period followed by Western Europe pinto bean flour market, owing to increasing vegetarian and vegan population.
Whereas, Asia-Pacific is expected to expand at a relatively significant growth rate in the global pinto bean flour market over the forecast period, attributed to the rapid growth rate of food & beverages industry in the region. The Middle East & Africa, Eastern Europe, and Latin America are expected to represent a moderate opportunity in the global pinto bean flour market, owing to the moderate economic, agricultural and industrial development in the region. Overall, the outlook for the global pinto bean flour market is positive over the forecast period.
Some of the players identified in the global pinto bean flour market include Natural Supply King Global (PTY) Ltd., From The Farmer, Bush Brothers and Company, C&F Foods Inc., The Parade Company, Verde Valle, S.A. De C.V., La Casita S.A., and Bush Company, Inc.
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