Pune, 8, Dec, 2022: The report analysed by Maximize Market research, on Chickpea Flour Market covers an extensive regional analysis and competitive landscape. Over the forecast period, Maximize Market research expects, the market to growth from 2 Bn in 2021 to 3.1 Bn in 2029 at a CAGR of 4.5 %.
Chickpea Flour Market Scope and Research Methodology
The research contains a thorough analysis of the markets for chickpea flour on a global, regional, and national scale. The study examines both primary and secondary data to highlight current and upcoming trends in the chickpea flour industry and to provide forecasts for market size and growth rate. Regional market analysis is done at the local, regional, and international levels to better understand market penetration, competitive structure, price analysis, and demand analysis. The study also discusses key players’ strategies and analyses them based on the development of the industry, which helps investors and major corporations make strategic investment and business decisions.
The report presents historical and forecasts market sizes for the chickpea flour industry. Every aspect of the market is covered by the in-depth study of major competitors in the report, including market leaders, followers, and new entrants. The report includes information on the company-specific plans for the introduction of new goods, growth, partnerships, joint ventures, and acquisitions as well as the strategic profiles of the top industry participants. The research serves as a resource for investors thanks to its clear representation of competitive analysis of key enterprises by Type, pricing, financial state, product portfolio, growth strategies, and geographical presence in the domestic as well as the local market.
For a segment-wise analysis of the Chickpea Flour Market, it is divided by Type, Application, Distribution Channels, and Regions for understanding the factors affecting the market growth positively and negatively. The bottom-up approach was employed to validate the market size and its estimation by different segments. Data was collected employing both primary and secondary data collection methods. Surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, entrepreneurs, and marketing professionals were included in the primary methods. Secondary data was meticulously collected from a curated selection of sources for maximum reliability of the inferences. This includes official databases of various organizations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases.
SWOT analysis was conducted to provide the strengths and weaknesses of the Chickpea Flour Market while PESTLE was employed to understand the potential impact of the micro-economic factors affecting the Chickpea Flour Market.
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Chickpea Flour Market Overview
Chickpeas are a sustainable plant-based protein source. The high levels of protein have helped chickpeas become an important crop in world markets. Chickpeas have been grown and consumed for hundreds of years and are used in a variety of foods. Traditional methods for processing chickpeas have involved large amounts of water, energy, and time. To increase the inherent sustainability of chickpeas, new processes need to be developed. The chickpea is a legume that is growing in popularity in the food market because of its nutritional value, sustainability, and cost compared to animal proteins. Chickpea flour has become a useful ingredient for the food processing industry because of its well-balanced amino acid composition, high quantities of complex carbohydrates, comparatively low levels of anti-nutritional factors, and bioavailability of proteins. Chickpea flour helps to prevent diseases including cancer, diabetes, obesity, and coronary heart disease, which encourages more people to eat it.
Chickpea Flour Market Dynamics
The market for chickpea flour is expected to be driven by rising consumer awareness of the health advantages of chickpea eating. The growing health consciousness of customers has resulted in a major growth in the demand for chickpea flour. It is expected that evolving lifestyles and dietary preferences would drive the market for chickpea flour. Additionally, it is expected that the growing use of chickpea flour in the bakery, snack, and savoury segments will significantly affect the market’s revenue growth.
The use of chickpea flour is increasing in bakeries and confectioneries, Because of its nutty flavour and other advantages such as being low-glycemic and gluten-free, chickpea flour has emerged as a popular alternative to other bean crops. It has successfully entered the steadily growing market for bakeries’ products and confectioneries. Currently, Asia will surpass Germany and other European nations as the leading consumers of confectionery items, which will increase the need for chickpea flour. This trend is expected to change.
Changing dietary tastes and altering lifestyles are expected to grow the chickpea flour market. It is expected that a substantial portion of the market’s growth would come from the use of chickpea flour in the savoury, sweet, and snack segments. Chickpea flour’s rivals on the market are keen to offer cutting-edge product development to their sizable clientele. During the forecast period, the growing food and beverage industry would be the key factor driving the chickpea flour market.
Chickpea Flour Market Regional Insights
The chickpea flour market is expected to be dominated by Asia-Pacific. The high pulse cultivation in the Asia Pacific area is expected the regions to grow in the chickpea flour industry. In developing nations, chickpea production and consumption are very high. India is the world’s top producer of chickpeas, according to FAO. During the forecast period, Asia-Pacific would offer attractive growth opportunities. As people’s disposable income gradually increases, demand for bakeries and confectioneries rises, leading to this growth. Rapid modernisation is improving people’s quality of life overall and rising their awareness of the benefits such substances provide for their health.
Chickpea Flour Market Segmentation
- Dairy products
- Animal feeds
- Confectionery and bakery
By Distribution Channel:
- Offline platforms
- Convenience and departmental stores
- Small Retail Shops
- Online platforms
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Chickpea Flour Market Key Manufacturers:
- The Scoular Company
- Anchor Ingredients
- Batory Foods
- Blue Ribbon
- Diefenbaker Spice and Pulse
- Great Western Grain
- Best Cooking Pulses
- Bean Growers Australia
- Parakh Agro Industries
- CanMar Grain Products
- Jain Group of Companies
- Parakh Agro Industries Ltd
- The Scoular Company
Key questions answered in the Chickpea Flour Market are:
- What is Chickpea Flour?
- What is the growth rate of Chickpea Flour Market for the forecast years?
- What is the nature of competition in Chickpea Flour industry in developed and developing economies?
- Who are the key players in the Chickpea Flour Market?
- Who are the market leaders in Chickpea Flour in Europe?
- Who are the market leaders in Chickpea Flour in USA and Canada?
- Who are the market leaders in Chickpea Flour in India, China, Japan and South Korea?
- What are the factors affecting growth in the Chickpea Flour Market?
- Who held the largest market share in Chickpea Flour Market?
- What are the factors for the growth of Asia-Pacific region in Chickpea Flour Market?
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Segment and Region.
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading Food & Beverages research firm, has also published the following reports:
Cake Flour Market – Cake Flour Market size is expected to reach USD 133.68 Bn by 2029 at a CAGR of 8 percent during the forecast period. Cake Flour Market is expected to be driven by an increase in the growth and development of the distribution channel is creating an upcoming opportunity.
Confectionery Market — Confectionery Market- size is expected to reach USD 284.04 billion by 2029 at a CAGR of 4.8 percent during the forecast period. Confectionery Market- is expected to be driven by healthy snacking, along with convenience and flavour, is a growing trend among customers.
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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