Chickpea flour also known as gram flour is a type of flour made from a varied range of ground chickpea (Garbanzo beans or Bengal gram). Chickpea flour is a potential source of protein, fiber and free of cholesterol. It also helps to fight cardiovascular diseases, diabetes, obesity and cancer. Its carries a rich subtle flavor due to which it is largely used in making a variety of desserts and savory dishes.
According to a report of Future Market Insights, the chickpea flour market is expected to register a moderate CAGR of 4.7% during the forecast period 2017 – 2027. The consumption of chickpea flour is expected to generate an estimated value of US$ 5,263.1 Mn by the end of 2026.
What are the potential factors to surge demand for pulse flour?
- Increasing consumption of chickpea flour for its high nutritive values
- Heavy investment in research and development field to increase its nutrition level
- Growing awareness on health benefits of consuming chickpea flour across the globe
- Increasing use of chick pea flour in Asian snack food items to increase its nutritive values
What is the production and consumption scenario for chickpea flour market?
The Asia Pacific excluding Japan (APEJ) is highly likely to remain prevalent in the chickpea flour market. Emerging country like India is expected to attain robust growth in production as well as consumption of chickpea during the forecast period. Thereby, demand for chickpea flour is anticipated to witness significant rise for its massive cultivation in this region. Being the primary food ingredient in traditional cuisine of countries like Nepal, Pakistan, Burma, Sri Lanka, Bangladesh and India, chickpea flour market is expected to witness remarkable growth during the forecast period.
Chickpea flour is available mainly in two forms named as desi chickpea flour and Kabuli chickpea flour. Among these, production of desi chickpea flour is expected to witness robust growth during the forecast period. Chickpea pulse flour finds numerous applications in a variety of food items for its high content of carbohydrates, proteins and zero level of cholesterol. Thus, it finds wide application in a varied range of food category such as dairy products, animal feed, extruded products, beverage and bakery & confectionery items among others. Chickpea flour producers are highly likely to attain healthy prospects in bakery and confectionery food industry.
Which distribution channel offers large customer base to supply chickpea flour?
Chickpea flour producers uses various mediums of marketing its product through several distribution channels. This includes departmental stores, modern trade stores, food chain services, convenience store and online stores among others. Out of these, food chain services is expected to offer immense opportunities for chickpea flour producers. Growing customer preference in purchasing a variety of food ingredients like chickpea flour through food chain service medium is expected to escalate distribution of pulse flour at a rapid pace. Moreover, increasing adoption of food chain service among emerging economies is highly likely to contribute in gaining maximum profitability in chickpea flour market during the forecast period.
Who are the major players in chickpea flour market?
Major companies like Parakh Agro Industries Ltd, The Scoular Company, Anchor Ingredients, EHL Limited, Ingredion, Bean Growers Australia, ADM, Diefenbaker Spice & Pulse, SunOpta and Great Western Grain are some of market participants to account for potential value share in chickpea flour market.
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