Some new developments that have taken place in these markets include:
Being a good source of fiber and protein, and cholesterol-free, the demand for chickpea flour is increasing.
Chickpea flour also helps to fight various health problems such as obesity, heart disease, diabetes, and cancer, hence the consumption of chickpea flour is increasing.
Producers of chickpea flour are also investing in the development of new products in order to serve the large customer base.
India Continues To Be Central To Global Demand For Chickpea Flour
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.
NEWARK, DE / ACCESSWIRE / July 23, 2024 / The global chickpea flour market growth is slated to be worth around USD 2,574.1 million in 2024. The market is poised to grow at an encouraging CAGR of 7.1% over the projected period. The global chickpea flour industry is penned in to garner a revenue of almost USD 5,093.1 million by the end of this projected period in 2034.
The demand for the product is rising due to its growing appeal as an active component in baked food items or confections and as a result of changes in consumer lifestyle. Moreover, the popularity of chickpea powder as a dietary supplement has further boosted the business in the last few years.
Significant value growth of chickpea-based flour is anticipated over the projection period due to its usage in illness prevention and health maintenance. Likewise, emerging applications of chickpea powder in cosmetics and personal care products have increased the end-user verticals in recent years.
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Key Takeaways from the Chickpea Flour Market Study Report
The overall market is predicted to witness an absolute growth opportunity of over USD 2.5 billion over the next ten years.
Interestingly, the United States is observed to be witnessing higher demand for chickpea flour which is driving the market at 7.8% CAGR through 2034 in the country.
In Europe, the consumption of chickpea flour in Germany is figured to grow at a CAGR of 7.1% through the projected years.
India to retain its centrality in the global chickpea atta market by following a CAGR of 7.5% from 2024 to 2034.
Desi or the indigenous form of chickpea flour is estimated to hold 59.3% market share in 2024.
Awareness About Health Benefits Driving Adoption In Developed Countries
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. In Mediterranean Europe, chickpea flour has been highly used in baking.
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, especially among the vegan and vegetarian population.
Sales Through E-Commerce Channels Creating New Growth Avenues
Traditionally, the sales of chickpea flour have remained resurgent through retail, food chain services, and modern trade. These 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 chickpea flour manufacturers. According to the report, sales through online stores are likely to surpass sales through departmental stores sometime during the forecast period.
Bakery And Confectionary Continue To Account For Bulk Of Demand
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 confectionery segments across the world.
By 2032, demand for chickpea flour through the bakery and confectionary segment is likely to be worth nearly USD 3.1 Billion. Extruded products are the second-largest application segment in the chickpea flour market.
"Evolving consumer eating patterns and a move toward healthier meals to lower blood sugar levels has upraised the demand for gluten-free substitutes of traditional wheat flour. Inclusion of chickpea powder in the elite group including soybean flour is anticipated to bring in new growth avenues for the market players." says Nandini Roy Choudhury, Client Partner at Future Market Insights.
Competitive Landscape for the Chickpea Flour Market Players
The chickpea flour market is highly concentrated in a few chickpea-yielding areas or countries located in tropical and subtropical regions. However, the growing production of chickpea or Cicar arietinum in controlled environments of temperate countries of Europe and the North is anticipated to diversify the market.
Key Players Profiled in the Chickpea Flour Market Report
Parakh Agro Industries Ltd
Ingredion Incorporated
Anchor Ingredients
CanMar Grain Products
The Scoular Company
SunOpta
Bean Growers Australia
EHL Limited
Blue Ribbon
Batory Foods
Diefenbaker Spice & Pulse
Great Western Grain
Best Cooking Pulses
Recent Developments by the Chickpea Flour Industry Participants
In March 2023, Supplant Foods Company of India received a patent for a technique for producing high-performance chickpea flour. This innovative process, developed by the company's researchers and professionals, improves the functioning of chickpea protein by successfully eliminating the chemicals responsible for unwanted off-flavors and removing the color, thereby broadening its use in food and beverages.
In June 2023, Ardent Mills, a leading flour-milling and ingredient firm in the United States, announced two new products: Ardent Mills Egg Replace along with its Ancient Grains Plus Baking Flour Blend. The egg replacement solution is made up of only four ingredients, including chickpea flour which is also gluten-free and vegan, with no significant food allergens or soy components. The firm created these innovative, cost-effective solutions for optimal taste, function, and ease of use in bakery applications.
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Desi Chickpea Continues To Outsell Kabuli
On the basis of product type, demand for desi chickpea flour has traditionally remained higher than Kabuli flour. Desi seeds are smaller and more rounded than Kabuli. Desi chickpeas are known for growing even in poor soils and harsh conditions while Kabulis are high yield, nutty, have a firm texture, and mainly grow around the Mediterranean.
The status quo is likely to remain unchanged during the forecast period, with desi chickpea flour likely to account for a higher revenue share of the market.
Key Segments Covered by Chickpea Flour Industry Survey Report
By Product Type:
Desi
Kabuli
Distribution Channel:
Food Chain Services
Modern Trade
Convenience Store
Departmental Store
Online Store
Other Distribution Channel
By End Use Application:
-
Food & Beverage Processing
Bakery or Baked Goods
Confectionery and Desserts
Savory Snacks
Ready to Eat Products
Pasta & Macaroni
Energy & Protein Bars
Meat Alternatives
Dairy Replacements and Products
Mayonnaise, Sauces, Condiments, and Dressings
Extruded products
Other Food & Beverages (Batter Mixes, Gravy Thickeners, Infant Nutrition)
-
Retail Sales
Supermarkets or Hypermarkets
Departmental Stores
Wholesale Stores
Specialty Food Stores
Other Stores
-
Ready-to-Drink Beverages
Dairy based Beverages
Non-dairy or Plant-based Beverages
Nutraceuticals
Sports Nutrition
Animal Feed
Pet Food
By Product Claim:
Organic or Non-GMO
Conventional
By Region:
North America
Latin America
Europe
East Asia
South Asia and Pacific
Middle East and Africa (MEA)
Authored 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.
Explore FMI's related ongoing Coverage in Food and Beverage Domain:
The global chickpea market demand is anticipated to improve at a CAGR of 6.9%. Chickpea sales are anticipated to escalate from USD 7,948.2 million in 2023 to USD 15,519.9 million by 2033.
The global chickpea protein market is expected to reach a market valuation of USD 165.1 million by 2033, accelerating at a CAGR of 5.1% from 2023 to 2033. For the year 2023, the market is likely to be worth USD 100.9 million.
The global chickpea milk market size is estimated to reach USD 189.3 million in 2024 and USD 301.5 million by 2034.
According to Future Market Insights research, during the projected period, the Gluten Free Flours market is expected to grow at a CAGR of 3.8%.
The global corn flour market size is expected to be valued at USD 19.34 billion in 2023. The growing demand for RTE products is creating incremental opportunities for producers.
The sales of Modified Flour is estimated to be valued at USD 92,364.0 million in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach USD 191,326.1 million by 2032.
The global functional flour market is anticipated to be valued at USD 79.9 million in 2023, forecast to grow at a CAGR of 9.2% through 2033.
The global bean flour market is expected to be valued at USD 2,788.7 million in 2023 and is projected to reach USD 5,209.5 million by 2033.
Global demand for pulse flour is forecast to enjoy a valuation of USD 19.3 billion in the year 2023 and expand at a CAGR rate of 7.0% to reach a valuation of USD 38.0 billion by the year 2033.
The market for Organic Rice Flour is estimated to grow at a CAGR of 5.2% during the forecasted period. The value of the industry is expected to rise from USD 336.0 million in 2023 to USD 557.9 million in 2033.
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