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Chickpea Flour Market Share Evolution and Market Growth Trends 2024 - 2031


Executive Summary


The global Chickpea Flour market research report focuses on current market conditions and trends. Chickpea Flour, also known as Gram Flour, is witnessing a surge in demand due to its numerous health benefits and versatility in cooking applications. The market is expected to grow at a CAGR of % during the forecasted period.

Market trends indicate a rising preference for gluten-free alternatives, driving the demand for Chickpea Flour. Additionally, the increasing awareness about the nutritional value of Chickpea Flour, along with the rise in vegan and vegetarian diets, is further propelling market growth.

Geographically, North America is a key market for Chickpea Flour, driven by the growing health-conscious population and increasing demand for plant-based protein sources. APAC is also witnessing significant growth, fueled by the traditional consumption of Chickpea Flour in the region. Europe and the USA are emerging markets for Chickpea Flour, with a growing trend towards healthy and sustainable food choices. China, with its increasing adoption of Western dietary preferences, presents a lucrative market opportunity for Chickpea Flour.

In conclusion, the Chickpea Flour market is poised for substantial growth globally, driven by increasing consumer awareness about health benefits, changing dietary preferences, and the rising demand for gluten-free alternatives. The market trends indicate a positive outlook for the Chickpea Flour industry, with significant growth expected across regions including North America, APAC, Europe, the USA, and China.


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Market Segmentation:


This Chickpea Flour Market is further classified into Overview, Deployment, Application, and Region. 


In terms of Components, Chickpea Flour Market is segmented into:


  • Ingredion
  • ADM
  • The Scoular Company
  • SunOpta
  • Anchor Ingredients
  • EHL
  • Batory Foods
  • Diefenbaker Spice & Pulse
  • Blue Ribbon
  • Great Western Grain
  • Best Cooking Pulses
  • Bean Growers Australia
  • Parakh Agro Industries
  • CanMar Grain Products


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The Chickpea Flour Market Analysis by types is segmented into:


  • Desi
  • Kabuli


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The Chickpea Flour Market Industry Research by Application is segmented into:


  • Bakery and Confectionery
  • Extruded Proudcts
  • Beverage
  • Animal Feed
  • Dairy Products
  • Others


In terms of Region, the Chickpea Flour Market Players available by Region are:



North America:


  • United States

  • Canada



Europe:


  • Germany

  • France

  • U.K.

  • Italy

  • Russia



Asia-Pacific:


  • China

  • Japan

  • South Korea

  • India

  • Australia

  • China Taiwan

  • Indonesia

  • Thailand

  • Malaysia



Latin America:


  • Mexico

  • Brazil

  • Argentina Korea

  • Colombia



Middle East & Africa:


  • Turkey

  • Saudi

  • Arabia

  • UAE

  • Korea




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Key Drivers and Barriers in the Chickpea Flour Market


Key drivers in the chickpea flour market include the increasing demand for gluten-free and protein-rich alternatives to wheat flour, growing consumer awareness about the health benefits of chickpeas, and the rising popularity of plant-based diets. In addition, the versatility of chickpea flour in various culinary applications and the expanding food industry are driving market growth. However, barriers such as limited availability of raw materials, fluctuating prices of chickpeas, and challenges in maintaining consistent quality standards are hindering market growth. Furthermore, competition from other alternative flours and lack of widespread consumer acceptance are also challenges faced in the market.


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Competitive Landscape


Ingredion is one of the leading players in the chickpea flour market, offering a wide range of chickpea-based ingredients for various food applications. The company has a strong presence in the global market and has been focusing on expanding its product portfolio to meet the growing demand for plant-based ingredients. With a history dating back to 1906, Ingredion has established itself as a key player in the food industry.

ADM, also known as Archer Daniels Midland Company, is another prominent player in the chickpea flour market. The company has a strong global presence and offers a wide range of chickpea flour products for various food and beverage applications. ADM has been focusing on innovation and product development to cater to the changing consumer preferences towards plant-based ingredients.

SunOpta is a leading company in the organic and non-GMO food industry, offering a range of chickpea flour products to meet the growing demand for clean-label and natural ingredients. The company has been experiencing significant growth in the chickpea flour market due to the increasing adoption of plant-based diets and the rising awareness about the health benefits of chickpeas.

While specific sales revenue data for these companies may be proprietary information and not publicly disclosed, it is evident that these players have been experiencing growth in the chickpea flour market due to the increasing consumer demand for plant-based ingredients and the rising popularity of chickpeas as a versatile and nutritious ingredient. As the market for chickpea flour continues to expand, these companies are expected to further strengthen their position and capitalize on the growing opportunities in the global food industry.


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Get a Sample PDF of the Report: https://www.reportprime.com/enquiry/request-sample/6240


 


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