According to market study by Future Market Insights (FMI), chickpea flour market would, at a 4.8% CAGR, come to almost USD 6.70 billion in 2032.
Chickpea flour’s mild taste and high nutritional value make it suitable for use in both savoury and sweet recipes. In order to meet the demands of their substantial customer base, chickpea flour producers are also making investments in the development of new products. Chickpea flour is very well-liked by companies that make prepared foods since it’s often utilised in baked goods.
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Key Highlights on the Global Market for Chickpea Flour
The chickpea flour market comprises different distribution methods, product categories, geographic locations, and uses. The market is further divided into department stores, convenience stores, online merchants, modern commerce, food chain services, and other distribution channels based on the means of distribution. Food chain services are likely the main way that chickpea flour is distributed. Food Chain Services is projected to become a chickpea flour distributor by the end of 2026, generating an estimated US$ 1,600 million in revenue.
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.
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.
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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
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?
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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