Market research by Future Market Insights (FMI) shows that the Chickpea Flour Market generated sales of nearly USD 4.15 billion in 2022.
The market is likely to grow at a CAGR of 4.8% CAGR through 2032 with a projection value of USD 6.7 billion. In 2021, the APEJ region held the largest market share for the chickpea flour market. By 2032, this region will hold a market of USD 3 billion. The US chickpea flour market is estimated at around USD 1.1 bn in 2021. Chickpea flour has recently gained popularity as gluten-free flour.
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Chickpea flour is produced by grinding whole and dried chickpeas. Chickpeas predominantly grow in tropical and sub-tropical regions. Chickpea flour is prominently utilized in Indian cuisine while for cooking and baking. Chickpea is a staple ingredient in Southern Europe and South Asia. It comes in the pulses category and is known for being a cholesterol-free source of protein and fiber.
Chickpea flour is also a rich source of vitamins and minerals, and significantly boosts the intake of manganese and folate. Desi form of chickpea flour dominates the chickpea flour market currently and is estimated to hold USD 4.1 billion market share by 2032.
Key Highlights On The Global Market For Chickpea Flour
The global market for chickpea flour is segmented on the basis of distribution channel, product type, application, and region. By distribution channel, the market is further segmented into Departmental Store, Convenience Store, Online Store, Modern Trade, Food Chain Services, and Other Distribution Channels.
Food chain services are likely to emerge as the largest distribution channel for chickpea flour. By 2026 end, food chain services as a distributor of chickpea flour is estimated to bring in nearly US$ 1,600 million revenue.
Based on the product type, market segmentation includes kabuli and desi chickpea flour. Among these two products, desi chickpea flour is expected to witness significant growth as compared to the kabuli chickpea flour. Desi chickpea flour is estimated to exceed US$ 3,200 million revenue by the end of 2026.
By application, the segments include dairy products, beverages, bakery and confectionery, animal feed, extruded products, and other applications. Among these, chickpea flour is estimated to find the largest application in bakery and confectionery. Towards the end of the forecast period, bakery and confectionery is projected to generate revenue exceeding US$ 2,400 million revenue.
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Based on the region, Asia Pacific Excluding Japan (APEJ) is expected to register the highest growth in terms of value throughout the forecast period 2022-2032. APEJ is estimated to exceed US$ 2,400 million revenue by the end of 2026. Chickpea flour is used on a large basis in Indian cuisines, especially in sweet desserts, snacks and various other dishes.
Also, high cultivation of chickpea in the region is contributing to the growth of the chickpea flour market. Meanwhile, North America followed by Europe are also anticipated to witness substantial growth in the coming years. Changing eating habits and rising health consciousness among people is driving the market growth in the region.
Competitive Landscape
Parakh Agro Industries Ltd, Bean Growers Australia, CanMar Grain Products, Best Cooking Pulses, Blue Ribbon, Great Western Grain, Diefenbaker Spice & Pulse, Batory Foods, Anchor Ingredients, The Scoular Company, EHL Limited, SunOpta, ADM, Ingredion, and The Scoular Company, are some of the leading companies in the global market for chickpea flour.
Key Questions Answered in the Report
- How much is the chickpea flour market currently worth?
- At what CAGR is the market expected to grow?
- How was the performance in the last five years?
- What are the key trends boosting Chickpea flour sales?
- How are market players reacting to the new developments in the market?
- Which are the major countries driving demand for chickpea flour?
- Who are the major players in Chickpea flour Market?
- What outlook does APEJ provide?
- At what rate will the U.S. chickpea flour market grow?
- At what level does the report reflect pricing analysis?
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