Global Pinto Bean Flour Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Pinto Bean Flour Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Pinto Bean Flour is an off-white powder made from dried pinto beans which has an earthy flavor and powdery texture. Pinto Bean Flour is found in soups, sauces and baked goods. This product can be used in gluten-free baking, as a thickener and in vegetarian cuisine.

Market Overview:

The latest research study on the global Pinto Bean Flour market finds that the global Pinto Bean Flour market reached a value of USD 206.8 million in 2022. It’s expected that the market will achieve USD 260.7 million by 2028, exhibiting a CAGR of 3.94% during the forecast period.

Rapid growth of the global food and beverage industry

Pinto is a speckled kidney bean that is the most common bean in southern North America and grows in the United States and northwestern Mexico. According to the USDA, pinto beans are a variety of key nutritional sources, and eating half a cup of pinto beans ensures a daily protein supply. Pinto bean flour is a gray-white powder made from dried pinto beans, so pinto powder contains a lot of nutrients, such as carbohydrates, fats, proteins, etc. Such high protein-containing properties are expected to promote market growth. It is gradually being used in many recipes in hospitality, food service and household. Due to the rapid growth of the global food and beverage industry during the forecast period, this will drive the growth of the global pinto flour market.

Increased social preference for organic and gluten-free products

Global consumers' high preference for organic and gluten-free products is one of the key demand factors driving the global pinto flour market. Gluten-free diet has become a good way to maintain a healthy and physical diet. And it has formed a trend in the diet industry. Gluten can also be called gluten, which is a protein in wheat, rye, and barley. A gluten-free diet is one that excludes gluten from your diet. Pinto bean flour is a gluten-free diet as a legume, so global consumers' preference for gluten-free products is a boost to the development of the global pinto flour market. Organic products refer to products produced using organic agricultural technology and processed without industrial pollution. The basic requirements mainly include the prohibition of the use of chemical substances and pesticides in the cultivation of crops. The organic content of processed food must be above 95%. Pinto bean flour can be made into organic food, and as consumers' preference for organic products, demand rises.

Fierce competition in the market

Pinto bean powder is an off-white powder made from dried pinto beans, so the raw material of this product is mainly dried pinto beans, which indicates that the main raw material of the manufacturer is dried pinto beans, as long as it has a fixed source of high-quality dried pinto beans, plus With a certain brand guarantee and excellent cost formula, you can compete in the market and grab market share. However, due to the low concentration of the pinto bean powder industry, the market is fiercely competitive. The merger and acquisition of supply chain entities and the acquisition of pinto powder suppliers are the current trends in the pinto bean powder market. In this fierce market competition and the trend of direct mergers and acquisitions by existing competitors, it is not known whether there can be better products appearing, gaining the favor of consumers and expanding the entire market share. Therefore, for the entire pinto flour market, It is a challenge.

Region Overview:

In 2022, the share of the Pinto Bean Flour market in North America stood at 46.63%.

Company Overview:

ADM is one of the major players operating in the Pinto Bean Flour market, holding a share of 4.96% in 2023.

ADM

Archer-Daniels-Midland Company procures, transports, stores, and merchandises agricultural commodities and products. The Company processes oilseeds, corn, milo, oats, barley, peanuts, and wheat. Archer-Daniels-Midland also processes produce products which have primarily two end uses including food or feed ingredients.

AGT Food and Ingredients

AGT Foods and Ingredients is an exporter serving customers in the Americas, Europe, Africa and Asia in all regions. The company currently employs more than 2,000 full-time employees and is actively exporting to more than 120 countries.

Segmentation Overview:

Among different product types, Natural segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Food Services segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Pinto Bean Flour market covered in Chapter 3:

AGT Food and Ingredients
ADM
Inland Empire Foods, Inc
21st Century Bean
Woodland Foods
Azure Standard

In Chapter 4 and Chapter 14.2, on the basis of types, the Pinto Bean Flour market from 2018 to 2029 is primarily split into:

Natural
Organic

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Pinto Bean Flour market from 2018 to 2029 covers:

Food Services
Hospitality
Household

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)