Global Chickpea Flour Market: Industry Key Player - Ingredion ADM, The Scoular Company, Sun Opta, Anchor Ingredients, EHL Limited, Batory Foods, Diefenbaker Spice & Pulse, Blue Ribbon, Great Western Grain, Best Cooking Pulses, Bean Growers Australia, Para

The expanding database of Market Research Reports Search Engine (MRRSE) has been recently updated by the addition of a new study which is titled as “Global Chickpea Flour Market Projections & Future Opportunities Recorded for the Period until 2026”. The fact based research report on global Chickpea Flour Market covers various aspects such as trends, drivers, challenges and opportunities that have an influence on the growth and expansion of the global market. All these factors are analysed across key regions of Latin America, North America, Europe, Middle and Africa (MEA) and Asia Pacific. In order to provide an accurate forecast, analysts have presented the current market, which forms the basis on how the metal caps and closures market is expected to develop in the future. 

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The global chickpea flour market continues to be influenced by a range of macroeconomic and macroeconomic factors. Increasing awareness on the benefits of health and wellness of chickpea flour is fueling adoption in developed countries. In many Asian countries, especially India, chickpea flour has been a staple, and has been used in the preparation of many cuisines. According to a latest study by Market Research Reports Search Engine (MRRSE), the global chickpea flour market is likely to surpass a valuation of US$ 5 Bn by the end of 2026.

India is one of the most important markets for chickpea flour, owing to the high production and consumption of chickpea in the country. The harvesting of chickpea is done during the month of mid-January to mid-March, and a decline in production during this time has the potential to alter the status quo in the global demand and supply. India’s centrality to the global chickpea flour market is one of the key reasons for the dominance of Asia Pacific excluding Japan (APEJ) in the global chickpea flour market.

In developed regions, such as North America and Europe, chickpea flour has gained traction recently, as a large consumer base in the region is looking for healthy food products. The pervasive health and wellness trend is likely to provide an impetus to the demand for chickpea flour in North America and Europe during the assessment period.

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Traditionally, the sales of chickpea flour have remained resurgent through food chain services and modern trade. These two distribution channels continue to be the leading channels for chickpea flour. However, in the recent past, sales through online channels have opened up new growth avenues for manufacturers. According to the report, sales through online stores are likely to surpass sales through departmental stores during the assessment period.

Chickpea flour is used in a wide range of applications, including bakery and confectionary, extruded products, beverages, animal feed, and dairy products. Among these, demand for chickpea flour is most formidable in bakery and confectionary segments. By 2026, demand for chickpea flour through bakery and confectionary segment is likely to be worth nearly US$ 2.5 Bn. Extruded products is the second largest application segment in the market.

On the basis of product type, demand for desi chickpea flour has traditionally remained higher than Kabuli flour. The status quo is likely to remain unchanged during the assessment period, with desi chickpea flour likely to account for a higher revenue share of the market.

Leading companies in the chickpea flour market focus on collaboration and strengthening of supply chains in a bid to consolidate their position. Some of the leading players in the market include Ingredion, ADM, The Scoular Company, Sun Opta, Anchor Ingredients, EHL Limited, Batory Foods, Diefenbaker Spice & Pulse, Blue Ribbon, Great Western Grain, Best Cooking Pulses, Bean Growers Australia, Parakh Agro Industries Ltd, and Can Mar Grain Products.

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