Chickpea Flour Market Growth Soars Predicted to Reach US$ 6.70 Billion by 2032 Amid Rising Demand for Nutrient-Rich Food

According to market study by Future Market Insights (FMI), chickpea flour market would reach around US$ 6.70 billion at 4.8% CAGR in 2032.

Because it is nutrient-rich and has a mild flavour, chickpea flour is perfect for both savoury and sweet dishes. The producers of chickpea flour are spending money on the development of new products as well, in order to please their sizable customer base. Chickpea flour is highly sought after by companies that manufacture prepared foods due to its widespread use in baked food products.

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Key Highlights on the Global Market for Chickpea Flour

The market for chickpea flour is segmented according to various geographical areas, product categories, modes of distribution, and uses. Based on the means of distribution, the market is further segmented into department shops, convenience stores, internet stores, modern commerce, food chain services, and other distribution channels. Food chain services are most likely the main means of distribution for chickpea flour. By the end of 2026, food chain services' revenue from distributing chickpea flour is expected to be close to US$ 1,600 million.

According to the kind of product, the market is segmented to include kabbali and desi chickpea flour. Desi chickpea flour is anticipated to grow significantly when compared to kabuli chickpea flour. The revenue from Desi chickpea flour is projected to reach US$ 3,200 million by the end of 2026.

The application-specific segments include dairy products, beverages, bread and confectionery, animal feed, extruded products, and other uses. Of all the flours, chickpea flour is regarded to be the one that is used in baking and confectionery the most. More than US$ 2,400 million in revenue is anticipated from the bakery and confectionery industry by the end 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?

Unlock the Insights: Get Your Customizable Chickpea Flour Market Report Today and Discover the Answers to Key Market Questions :
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Author by:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor's Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

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Nandini Singh Sawlani
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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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.