Chickpea flour is a healthy, gluten-free flour alternative which is very popular with vegans and vegetarians due to its high protein content. According to Persistence Market Research, the market for chickpea flour will therefore experience significant market growth in the forecast period 2017-2025.
The chickpea was one of the earliest cultivated legumes and is currently enjoying increasing popularity amongst health-conscious people. Due to its healthy properties, it is increasingly being used by food service providers and the catering industry. The increasing woldwide preference for organically grown, gluten-free and vegan products will also drive growth in the chickpea flour market. The beans are used by vegans and vegetarians as a meat substitute, especially because of their high nutrient content; they are a good source of plant-based protein.
The growing food and beverage industry is another factor which will drive the global chickpea flour market in the forecast period. In addition, the reasonable cost of chickpea flour is expected to support growth in emerging markets such as the Middle East and Africa and Asia-Pacific. Trend factors in the global chickpea flour market during the forecast period will be the mergers and acquisitions between suppliers of chickpea flour. But even with the growing demand for healthy food in regions such as North America, Europe and Asia-Pacific, the forecast recognizes potential opportunities in these areas.
Segmentation of the report
In the market report, the global chickpea flour market is segmented by origin, end consumption and region. The household sector is expected to dominate the chickpea flour market in the end-consumer segment due to high demand for chickpea flour products around the world. In terms of regions, the report covers North America, Asia-Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Latin America, Middle East, Africa and Japan.
The report also predicts that organic chickpea flour will have a large overall market share. Some of the players in the chickpea flour market are Bush Company Inc., Natural Supply King Global (PTY) Ltd., From The Farmer, C&F Foods Inc., La Casita S.A., The Parade Company, Verde Valle and S.A. De C.V.