According to market study by Future Market Insights (FMI), chickpea flour market would reach around $4.15 billion in 2032.
Apart from providing health benefits, chickpea flour also has a subtle flavour which makes it perfect for desserts as well as savory dishes. Moreover, producers of the chickpea flour are also investing in the development of new products in order to serve the large customer base. Chickpea flour is also widely used in producing baked food products, hence the demand for chickpea flour is high among the companies producing backed products.
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Key Highlights on the Global Market for Chickpea Flour
The global market for chickpea flour is segmented on the basis of distribution channel, product type, application, and region. By distribution channel, the market is further segmented into Departmental Store, Convenience Store, Online Store, Modern Trade, Food Chain Services, and Other Distribution Channels. Food chain services are likely to emerge as the largest distribution channel for chickpea flour. By 2026 end, food chain services as a distributor of chickpea flour is estimated to bring in nearly US$ 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.
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 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?
Talk to Analyst: https://www.futuremarketinsights.com/ask-question/rep-gb-6126
About Future Market Insights (FMI)
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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