Market research by Future Market Insights (FMI) shows that the Chickpea Flour Market is to generate revenue of nearly USD 2,574.1 million in 2024. The market is on track to grow at a CAGR of 7.1% over the coming decade. With a projected valuation of USD 5,093.1 million by 2034, the global chickpea flour industry promises lucrative growth opportunities.
New Developments Impacting the Market
Report Attribute | Details |
---|---|
Global Chickpea Flour Market Size (2024) | USD 2,574.1 million |
Market Anticipated Forecast Value (2034) | USD 5,093.1 million |
Market Projected Growth Rate (2024 to 2034) | 7.1% CAGR |
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The global chickpea flour market was valued at USD 1,910.2 million in 2019. The market witnessed a healthy CAGR of 6.6% between 2019 and 2023.
Attributes | Details |
---|---|
Global Chickpea Flour Market Value (2019) | USD 1,910.2 million |
Market Historical Growth Rate (CAGR 2019 to 2023) | 6.6% CAGR |
Chickpeas predominantly grow in tropical and sub-tropical regions and chickpea flour is prominently utilized in Indian cuisine for cooking and baking. However, it is gaining traction as a functional ingredient for the food processing industries across the world owing to the healthy balance of amino acids, relatively low levels of anti-nutritional factors, high levels of complex carbohydrates, and bioavailability of proteins.
Despite these positive prospects, some likely challenges stay ahead for the industry including a shift in consumer preferences, a low degree of security in raw material supply, and other manufacturing inputs. Additionally, many other market segments are expected to perform fairly and attain promising growth prospects in the next half of the projection period.
The table below lists the countries with high demand for chickpea flour according to the analysis of the chickpea flour industry.
Regional Market Comparison | CAGR (2024 to 2034) |
---|---|
United States | 7.8% |
Japan | 6.9% |
Germany | 7.1% |
India | 7.5% |
China | 6.6% |
The United States chickpea flour market is poised to thrive with a CAGR of 7.8% over the forecast period. In developed regions, such as the United States, chickpea flour has gained traction recently, as a large consumer base in the region is looking for healthy food products.
The pervasive health and wellness trend is likely to provide an impetus to the demand for chickpea flour in the country during the assessment period, especially among the vegan and vegetarian population.
Chickpea flour consumption in Germany is set to witness a promising CAGR of 7.1% from 2024 to 2034. Though the production of chickpeas is higher in Mediterranean Europe, chickpea flour has been highly used in the baking and food processing industries of Germany. In particular, health-conscious consumers in Germany have increased their consumption of gluten-free flour, resulting in the expansion of the chickpea or garbanzo flour market.
The chickpea flour industry of China is anticipated to register a CAGR of 6.6% during the projected years. Due to the higher production of chickpeas, China holds a significant share of the chickpea powder market in the Asia Pacific. In addition, chickpea powder is a staple ingredient in many South and Southeast Asian countries, which is expected to increase the export of chickpea flour from China.
The share of chickpea flour in Japanese food culture is poised to expand at a CAGR of 6.9% over the next ten years. The increasing consumption of chickpea flour in Japan is attributable to its high nutritional value among existing plant-based protein sources. Recently, sales through online channels have opened up new growth avenues for chickpea flour manufacturers in Japan.
Regional sales of chickpea flour in India are likely to increase at a CAGR of 7.5% between 2024 and 2034.
India continues to provide promising growth avenues for chickpea flour manufacturers, owing to the high production and consumption of chickpeas in the retail market. Moreover, India’s centrality to the global chickpea-based flour market is the key reason for the dominance of the Asia Pacific in the chickpea flour industry.
Attributes | Details |
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Top Product Type or Segment | Desi Chickpea Flour |
Total Market Share in 2024 | 59.3% |
On the basis of product type, flour made from desi or indigenous chickpeas is anticipated to contribute to 59.3% of the total sales in 2024. Production of desi chickpea flour has traditionally remained higher than Kabuli flour owing to its higher supply of desi chickpeas from tropical regions. However, Kabuli chickpeas are high-yield, nutty, have a firm texture, and mainly grow around the Mediterranean. So there is a great chance of a significant hike in sales of flour made from Kabuli chickpeas in the coming days.
Attributes | Details |
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Top Product Claim Segment | Conventional Chickpea |
Total Market Share in 2024 | 86.4% |
Based on product claims, chickpeas produced through conventional farming methods are estimated to contribute to 86.4% of the flour produced in 2024. Conventional chickpea flour is used in a wide range of applications, including bakery and confectionary, extruded products, beverages, animal feed, and dairy products. So, the status quo is likely to remain unchanged during the forecast period, with conventional chickpea flour likely to account for a higher revenue share of the market.
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The overall market is moderately competitive and mostly concentrated in Asia, particularly in tropical countries. Key reasons for this moderate competition can be attributed to the slow uptake of the market during the first half of the forecast period owing to limited end-user demand in key economies and the availability of other substitutes.
Leading market players are also investing heavily in the development of organic chickpea flour and diversifying their product lines to serve a larger customer base. On the other hand, emerging market player and companies are focusing more on collaboration and strengthening supply chains in a bid to consolidate their position.
Recent Developments in the Global Chickpea Flour Market
Attribute | Details |
---|---|
Estimated Market Size (2024) | USD 2,574.1 million |
Projected Market Size (2034) | USD 5,093.1 million |
Anticipated Growth Rate (2024 to 2034) | 7.1% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | USD million or billion for Value and Units for Volume |
Key Regions Covered | North America; Latin America; Europe; Middle East & Africa (MEA); East Asia; South Asia and Oceania |
Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
Key Segments Covered | By Product Type, By Application, By Distribution Channel, By Product Claim, and By Region |
Key Companies Profiled | 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 |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The global chickpea flour market is estimated to be around USD 2,574.1 million in 2024.
The global chickpea flour market is marked to grow at a CAGR of 7.1% during the forecast period.
The global chickpea flour market is predicted to be valued at USD 5,093.1 million by 2034.
The global chickpea flour market was valued at USD 1,910.2 million in 2019.
The United States is set to witness a CAGR of 7.8% in sales of chickpea flour through 2034.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type 5.1. Desi 5.2. Kabuli 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Distribution Channel 6.1. Food Chain Services 6.2. Modern Trade 6.3. Convenience Store 6.4. Departmental Store 6.5. Online Store 6.6. Other Distribution Channel 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 7.1. Bakery and Confectionery 7.2. Extruded Products 7.3. Beverages 7.4. Animal Feed 7.5. Dairy Products 7.6. Others 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. North Americ 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Parakh Agro Industries Ltd 18.2. Ingredion 18.3. Anchor Ingredients 18.4. CanMar Grain Products 18.5. The Scoular Company 18.6. SunOpta 18.7. Bean Growers Australia 18.8. EHL Limited 18.9. Blue Ribbon 18.10. Batory Foods 18.11. Diefenbaker Spice & Pulse 19. Assumptions & Acronyms Used 20. Research Methodology
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