According to market study by Future Market Insights (FMI), chickpea flour market would reach around USD 6.70 billion at 4.8% CAGR in 2032.
In addition to being healthy, chickpea flour also has a mild flavour that makes it ideal for both sweet and savoury meals. In order to satisfy their vast consumer base, manufacturers of chickpea flour are also investing in the creation of new goods. Due to the widespread usage of chickpea flour in baked food products, there is a large demand for it among businesses that make prepared goods.
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Key Highlights on the Global Market for Chickpea Flour
The market for chickpea flour is divided into different regions, product types, distribution channels, and applications. The market is further divided into department stores, convenience stores, online stores, modern trade, food chain services, and other distribution channels based on the means of distribution. The main distribution method for chickpea flour is most likely to be food chain services. It is anticipated that food chain services will generate close to US$ 1,600 million in income by the end of 2026 as a distributor of chickpea flour.
Kabuli and desi chickpea flour are part of market segmentation based on product type. When compared to kabuli chickpea flour, desi chickpea flour is predicted to experience significant growth. By the end of 2026, income from Desi chickpea flour is anticipated to hit US$3,200 million.
Dairy goods, drinks, bakery and confectionery, animal feed, extruded products, and other uses are among the segments by application. Chickpea flour is thought to be used the most in baking and confectionery out of all of them. Bakery and confectionery is expected to earn more than US$ 2,400 million in revenue towards the conclusion of the projection year.
Based on the region, Asia Pacific Excluding Japan (APEJ) is expected to register the highest growth in terms of value throughout the forecast period 2017-2026. 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.
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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.
The report covers an exhaustive analysis on:
- 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?
Chickpea Flour Market Segmentation
Region:
- North America
- Latin America
- Europe
- Japan
- APEJ
- MEA
Product Type:
- Desi
- Kabuli
Distribution Channel:
- Food Chain Services
- Modern Trade
- Convenience Store
- Departmental Store
- Online Store
- Other Distribution Channel
Application:
- Bakery and Confectionery
- Extruded products
- Beverages
- Animal Feed
- Dairy Products
- Other Applications
Get In-Depth Insights with a Customizable Chickpea Flour Market Report: Tailored Analysis, Trends, and Growth Projections :
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Frequently Asked Questions
- 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?
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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