Chickpea
flour refers to the flour made by grinding whole dried chickpeas. It
is grown in tropical and sub- tropical regions. Chickpea comes in
the category of pulses and is known for being cholesterol free and a
good source of protein and fiber. Chickpea flour is a prominent
Indian cuisine, widely used for cooking and baking. It is also rich
source of vitamins and minerals, thus significantly boost the intake
of manganese and folate. Increasing demand for chickpea can be
attributed to its high nutritional value. Owing to the healthy
balance of amino acids, high levels of complex carbohydrates,
relatively low levels of anti-nutritional factors, and
bioavailability of proteins, chickpea flour has emerged as a
functional ingredient for the food process industry. In addition,
chickpea flour aids in curbing various health problems such as
coronary heart disease, obesity, diabetes and cancer, thereby leads
to increased consumption.
Global
Chickpea Flour Market: Market Segmentation
The
global
chickpea flour market
can be segmented on the basis of application, product type,
distribution channel, and region. Based upon application, chickpea
flour market can be segmented into bakery and snacks, dairy,
beverages, and others. Bakery and snacks are expected to hold
relatively high share in the global chickpea flour market. Based on
the product type, chickpea flour is segmented into dark brown
chickpea flour, beige chickpea flour, lentils, and others. Dark brown
chickpea flour is expected to expand at relatively high CAGR over the
forecast period. On the basis of distribution channel, chickpea flour
market can be segmented into convenience stores,
supermarkets/hypermarkets, specialist stores, and others such as
independent retailers. Supermarket/hypermarket is projected to
witness relatively high revenue growth in the chickpea flour market.
Global
Chickpea Flour Market: Regional Outlook
On
the basis of geography, the global chickpea flour market is segmented
into five regions namely Latin America, North America, Europe, Asia
Pacific, Middle East and Africa. Globally, among all regions, Asia
Pacific is expected to hold relatively high share in the chickpea
flour market. High cultivation of pulses in the Asia Pacific region
is expected to contribute significantly to the region’s growth in
chickpea flour market. Production and consumption of chickpea is
very high in developing countries. According to FAO, India is the
leading producer of chickpea. Other important chickpea producing
countries includes Turkey, Mexico, Canada, and Australia.
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Global
Chickpea Flour Market: Growth Drivers
Chickpea
flour is anticipated to grow rapidly during the reviewed period.
Consumption of chickpea has gained traction with rising awareness
regarding its health advantages. Chickpea flour prevents inflammation
and enhances immunity. It is also capable of stabilizing blood sugar,
and preventing diabetes. High fiber content in chickpea enables it to
lower cholesterol levels, reduce hypertension, and protects against
heart disease. Rising health consciousness among consumers plays a
vital role in elevating the demand for chickpea flour. Changing
life-style coupled with change in dietary preferences is expected to
propel the growth of chickpea flour market. Additionally, increasing
application of chickpea flour in bakery, snack and savory market is
expected to contribute significantly to the revenue growth of
chickpea flour market. Players in the chickpea flour market are keen
to bring new product developments to serve their large customer base.
Global
Chickpea Flour Market: Players
Some
of the key players in the chickpea flour market includes Ingredion
Incorporated, Best Cooking Pulses, Inc., AGT Food & Ingredients,
Diefenbaker Seed Processors Ltd., and Jain group of Companies, among
others. Companies in the global chickpea flour market focus upon
expanding their product portfolio through new product launches.
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