Worldwide Sales Of Chickpea Flour Market Will surge At 4.8% CAGR And Reach US$ 6.70 Billion By 2032

NEWARK, Del: The global Chickpea Flour Market is projected to reach a valuation of US$ 6.70 billion by 2032, with sales growing at an average CAGR of 4.8% from 2022 to 2032. The target market was valued at US$ 4.15 billion in 2022. As per FMI predictions, Asia Pacific will continue to dominate the market with a potential value of US$ 3 billion by 2032. As chickpea flour is rich in vitamins and minerals, it is expected that the prevailing health consciousness and healthy eating trends will drive the growth of the market. High nutritional value, healthy balance of amino acids, and comparatively low levels of anti-nutritional flavors will aid the expansion of the chickpea flour market during the projection period.

The global market for chickpea flour is being driven by changes in consumer dietary habits towards healthier foods that can prevent lifestyle disorders, and cardiovascular disease while also regulating blood sugar levels. Chickpea flour is an excellent substitute for dairy products, particularly in ice cream, due to its creamy texture and high levels of carbohydrates, fats, and protein, which are similar to those found in milk. Additionally, the popularity of chickpea flour as a substitute for wheat flour in bakery and confectionery products is increasing due to changes in consumer lifestyles and rapid urbanization. In addition, dietary supplements and the demand for creamy textures in dairy products, such as ice cream, are also contributing to its rising demand.

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Food and beverage manufacturers are recognizing the health benefits of organic chickpea flour and are incorporating it into their products to make them more nutritious and delicious. This trend is also expected to drive demand for chickpea flour in cosmetics. Moreover, chickpea flour is being used for disease prevention and health maintenance, further boosting its value growth during the forecast period. Traditionally, wheat flour has been used in baked goods, but chickpea flour's new use as a healthy and tasty baking ingredient is expected to increase demand for it. Other factors like the strengthening of online sales channels and a growing preference for desi chickpeas will fuel the growth of the chickpea flour market during the forecast period. However, certain price fluctuations may limit the growth of the chickpea flour market.

Key Takeaways:

• Historically, the chickpea flour market observed a CAGR of 3.9% from 2017 to 2021.
• The chickpea flour market in the Asia Pacific region will likely reach US$ 3 billion by 2032.
• Increasing the popularity of chickpea flour as a gluten-free product will strengthen the prospects for the market.
• The desi form of chickpea flour will register rapid growth due to continued popularity and reach US$ 4.1 billion by 2032

Competitive Landscape 

In this market, prominent players are focusing on collaboration tactics and enhancing their supply chains to gain a competitive advantage. Parakh Agro Industries Ltd., Anchor Ingredients, Bean Growers Australia, The Scoular Company, CanMar Grain Products, SunOpta, EHL Limited, and Blue Ribbon, among others, are a few of the important players in the chickpea flour market profiled in the full version of the report.

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More Insights Into Chickpea Flour Market 

The most recent report from FMI provides an honest assessment of the global chickpea flour market, analyzing historical data from 2017 to 2021 and forecasting statistics from 2022 to 2032. The report offers a thorough investigation of the market's drivers, limitations, opportunities, and trends. To understand its global market potential, growth, and scope, the market is segmented by product type, distribution channel, application, and region.

According to the reports, based on segmentation, the desi type of chickpea flour will retain popularity over the forecast period. This segment will reach a value of US$ 4.1 billion by 2032. In terms of application, the bakery and confectionery segment will open new avenues of growth for the market. Online sales channels also contribute to the overall market growth. Based on region, the chickpea flour market in the Asia Pacific will demonstrate substantial growth. The target market in this region will reach a value of US$ 3 billion by 2032. The immense popularity of chickpea flour in India and China and prevailing healthy dietary habits will fuel the growth of the market in Asia Pacific. Thus, rising health consciousness, extensive application in bakery and confectionery, and contributions from China, India, and the US will drive the global growth of the chickpea flour market.

Chickpea Flour Market Segmentation

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 

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Table of Content

1. Market Overview

    1.1. Market Coverage / Taxonomy

    1.2. Market Definition / Scope / Limitations

2. The Massive Impact of the Crisis

    2.1. Global Chickpea Flour Market Forecast Scenario Comparison of Annual Growth Rates for short Term (2022-2026) and Long Term (2027-2032)

        2.1.1. Optimistic Scenario

            2.1.1.1. China

            2.1.1.2. US

            2.1.1.3. India

            2.1.1.4. Euro Zone

            2.1.1.5. Asia Pacific 

            2.1.1.6. Rest of the World

        2.1.2. Likely Scenario

            2.1.2.1. China

            2.1.2.2. US

            2.1.2.3. India

            2.1.2.4. Euro Zone

            2.1.2.5. Asia Pacific 

            2.1.2.6. Rest of the World

        2.1.3. Pessimistic Scenario

            2.1.3.1. China

            2.1.3.2. US

            2.1.3.3. India

            2.1.3.4. Euro Zone

            2.1.3.5. Asia Pacific 

            2.1.3.6. Rest of the World

    2.2. Key Factors Impacting the Market

    2.3. Note: Market Assessment shall be Provided for Likely Scenario 

Complete TOC with Report Preview @ https://www.futuremarketinsights.com/reports/chickpea-flour-market 

3. Market Dynamics

    3.1. Drivers

        3.1.1. Supply Side Drivers

        3.1.2. Demand Side drivers

        3.1.3. Economic Side Drivers

    3.2. Restraints

    3.3. Opportunity

    3.4. Market trends By Region

    3.5. Product Launches

    3.6. Product Claims & Nutritional Information Scan by Buyers

    3.7. Macro-Economic Factors

    3.8. Forecast Factors - Relevance & Impact

    3.9. Consumers Survey Analysis

4. Key Regulations

    4.1. Packaging & Labelling Regulations

    4.2. Certifications and Certifying Agency Overview

    4.3. Import/Export Policies 

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