Chickpea Flour Market Size, Share, Application, Growth Trend Analysis Report
According to market study by Future Market Insights (FMI), chickpea flour market will reach around $4.15 billion in 2022. Through 2032, the market is anticipated to increase at a CAGR of 4.8%, with a projected value of USD 6.7 billion.
In addition to being healthy, Gram Flour has a delicate flavour that makes it ideal for both sweet and savoury meals. In order to satisfy their vast consumer base, manufacturers of chickpea flour are also investing in the creation of new goods. Due to the widespread usage of chickpea flour in baked food products, there is a large demand for it among businesses that make prepared goods.
Key Highlights on the Global Market for Chickpea Flour
The global market for chickpea flour is segmented on the basis of distribution channel, product type, application, and region. By distribution channel, the market is further segmented into Departmental Store, Convenience Store, Online Store, Modern Trade, Food Chain Services, and Other Distribution Channels. Food chain services are likely to emerge as the largest distribution channel for chickpea flour. By 2026 end, food chain services as a distributor of chickpea flour is estimated to bring in nearly US$ 1,600 million revenue.
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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.
Chickpea powder, also known as gram flour or besan, is a versatile ingredient commonly used in South Asian and Middle Eastern cuisines. It is made by grinding dried chickpeas into a fine powder and is used in dishes like pakoras, fritters, and flatbreads. Chickpea powder is also a popular ingredient in gluten-free and vegan cooking.
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