Chickpea Flour Market - Forecast(2023 - 2028)

Chickpea Flour Market Overview

Global Chickpea Flour Market size is estimated to reach $5.2 billion by 2027, growing at a CAGR of 4.3% during the forecast period 2022-2027. Chickpea flour is a thin powder derived from finely grounding the garbanzo beans. Just like lupin beans, garbanzo comes from a legume food family. This pulse flour (chickpea) is highly renowned in the Indian subcontinent as it is used as an essential ingredient in cuisines of South Asian nations such as Nepal, Pakistan, Myanmar, India, and others. The wholesome balance of protein-forming molecules, amino acids, and sugar molecules (=complex carbohydrates) has designated chickpea flour as a handy constituent for the food industry. On the other hand, compared to lentils, chickpea flour is a better and sound source of oleic acid, linoleic, and polyunsaturated fatty acids. As a result, chickpea flour is deemed of utmost significance in reducing cholesterol levels and altering severe heart problems.

Moreover, due to the high content of oleic acid (i.e., around 32.6%), it maintains brain health by producing myelin, preventing free radicals' oxidative damage, condensing blood sugar levels, and many more. The global chickpea flour market outlook is fairy enchanting considering its amplifying demand in the food industry. Moreover, budding awareness among people regarding its health benefits, expanding modern retail chain, and accruing usage in food preparation, and cosmetics are factors influencing the growth of the Global Chickpea Flour Market for the period 2022-2027.

Report Coverage

The report: "Chickpea Flour Market Forecast (2022-2027)" by Industry ARC covers an in-depth analysis of the following segments of the Global Chickpea Flour Market.

By Type: Beige chickpeas and Brown chickpeas.
By Application: Diary products, Animal feeds, Confectionery and bakery, Cosmetics, and others.
By Distribution Channel: Offline platforms (=Supermarket/Hypermarkets, Convenience and departmental stores, small retail shops, and others), Online platforms.
By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America) and Rest of World (the Middle East and Africa).

Key Takeaways

• Geographically, the Asia-Pacific Global Chickpea Flour Market accounted for the highest revenue share in 2021, and it is poised to dominate the market over the forecast period 2022-2027. Owing to the capability of converting chick-pea flour into various food applications has allowed the market to hold the highest share. Moreover, in the forecast period, other regions of Asia-Pacific would contribute favorably owing to better production capabilities.
• The increasing application of chickpea flour in the food industry is the preeminent driver driving the growth of the Global Chickpea Flour Market. Environmental challenges and a few health complications accompanied by chickpea flour are said to reduce the market growth.
• Detailed analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Global Chickpea Flour Market report. 

Chickpea Flour Market- Geography (%) for 2021.

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Chickpea Flour Market Segment Analysis-By Application

The Global Chickpea Flour Market, based on the application type, can be further segmented into dairy products, animal feeds, food preparation (=confectionery and bakery), cosmetics and others. The food industry segment held the largest share in 2021. The growth is owing to the tremendous use of chickpea flour in the preparation of foods, especially confectioneries and bakery items. It has substituted several applications of wheat flour in baking. This mild and nutty taste flour has made its way into traditional Indian dishes such as fritters, samosas, and many other unique desserts.

Moreover, gram flour (=chickpea) is considered a natural thickening agent in curries. On the other hand, it is an indispensable part of several beauty home remedies which aims at getting rid of dark complexion, but still, the cosmetic segment can't outperform the food industry as gram flour usage in cosmetic is trailing way behind its food applications. Therefore, the food industry segment is estimated to be the fastest-growing segment with a CAGR of 4.8% over the forecast period 2022-2027. This growth is owing to rising awareness among people regarding the health benefits of chickpea flour. A cup of chickpea flour provides up to 25% of the Iron RDI, and owing to the presence of antioxidants and plant polyphenols, the negative effect of processed food can be minimized.

Chickpea Flour Market Segment Analysis-By Distribution Channel

The Global Chickpea Flour Market, based on distribution channels, can be further segmented into offline platforms (=supermarket/hypermarkets, convenience, and departmental stores, small retail shops, and others) and online platforms. The offline platform segment held the largest share in 2021. The growth is owing to several advantages of offline retail outlets, such as they build up a personal touch between consumers and businesses. Therefore, consumers always love to shop on offline platforms. Moreover, they offer consumers the option to touch and feel the products at the time of purchase. Therefore, consumers can find out concealed defects, if any. Additionally, instant purchase and sales assistance features of offline retail facilities gravitate consumers toward them.

Furthermore, in an attempt to tap the untouched potential, modern stores are finding their way into some pastoral areas. However, the online segment is estimated to be the fastest-growing, with a CAGR of 5.0% over the forecast period 2022-2027. This growth is owing to digitalization, a rapid swell in smartphone users, and easy access to the internet even in rural areas. Online platforms don't hold any time constraints and operate 24*7. Besides being operationally cost-effective, online platforms require comparatively lower initial capital during the setup.

Chickpea Flour Market Segment Analysis-By Geography

The Global Chickpea Flour Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. Asia-pacific held the largest share with 38% of the overall market in 2021. The growth in this segment is owing to the factors such as the presence of countries like India, which is the biggest producer and consumer of chickpeas. According to a report, every year, India produces nearly 8 million tons of garbanzo, which is around 68-70% of total world production. Whereas, being the 2nd biggest producer, Australia has over 10% share in the global chickpea market. Moreover, chickpea has a special place in the confectionery and bakery of South Asian nations such as India, Pakistan, Nepal, Bangladesh, and others.

Moreover, Asia-Pacific is estimated to offer lucrative growth opportunities over the forecast period of 2022-2027. This growth is owing to augmenting demand for confectionery and bakeries as the disposable income of people is budding gradually. On the other hand, with rapid modernization, the overall living standards of people are rising; therefore, they are becoming more aware of the health benefits of such ingredients.

Chickpea Flour Market Drivers

Surging use in confectionery and bakeries is anticipated to boost product demand

Owing to the nutty flavor and additional properties such as its low-glycemic and gluten-free nature, chickpea flour has emerged as a preeminent alternative to other legume crops. It has carved its way into the steadily growing confectionery and bakery market. Germany and several other European nations are the leading consumers of confectionery items as of now but the trend is expected to shift with Asia being the most significant consumer in the foreseeable future, which will uplift the chickpea flour market. The popularity of garbanzo beans among Asian consumers is a blessing to the global chickpea flour market as Asia is the most populous continent on planet earth with 4.68 billion people. Moreover, rising GDP per capita incomes have a vital role in the growth of the respective market. As of 2021, Bangladesh's GDP per capita (PPP terms) swindled by around $5,733, whereas Indian GDP per capita (PPP terms) was $7319. The number is expected to rise steadily in the upcoming future as the economies of both nations are flourishing.

Rising consciousness regarding the health benefits of chickpea and transforming retail chains is expected to boost product demand

Chickpeas are the powerhouse of nutrition as they hold a high amount of vitamin C, iron, magnesium, calcium, and oleic acid. Therefore, they extend several health benefits such as heart relief from chronic nerve pain, anticancer behavior, better skin, blood sugar and cholesterol control, etc. Therefore, rising health awareness among people pushes them toward more chickpea consumption. On the other hand, with mounting modernization and industrialization, the network of retail outlets' is strengthening day after day worldwide. For instance, according to a report, including both traditional and modern, around 12.8 million retail grocery outlets in India. The number is expected is rise steadily with enlarging investments and mergers among existing players.

Chickpea Flour Market Challenges 

Environmental threats and side-effects of excessive chickpea intake are anticipated to hamper the market growth

In their relentless quest of building a more modern and advanced world, human beings have compromised the safety of the environment. People talk fancy about climate change and pollution but fail to take an honest step to curtail it. Therefore, with the constant rise in pollution and climate change problems, the natural duration of the seasons is changing. Moreover, augmenting environmental temperature is resulting in severe floods and posing reducing the overall yield of crops. Additionally, the quality of seeds should be proven, especially for germination, total live seeds per pound, and the presence of ascochyta blight. As per a case, nearly 60-70% of the chickpea crop fields were affected in the U.S. in 2019 owing to various tests and deficits. Moreover, excessive chickpea intake can lead to kidney stones, gastrointestinal issues, uric acid problems, and allergic reactions.

Chickpea Flour Industry Outlook:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Global Chickpea Flour Market. Top-10 Global Chickpea flour companies are-

1. Archer Daniel Midland
2. Batory Foods
3. The Scoular Company
4. SunOpta
5. Anchor Ingredients
6. Ingredion
7. Bean Growers Australia
8. CanMar Grain products
9. EHL Limited
10. AGT Food and Ingredients

Recent Developments

• In May 2022, Tata and Lyle bought Chickpea ingredient company Nutriati. The company was actively producing protein and flour. Its Artesa Chickpea Protein and Artesa Chickpea Flour can be found in leading non-dairy, plant-based meat, and gluten-free brands, mainly in North America. Chickpeas have become a popular ingredient as companies race to find alternative proteins to meet the growing demand for plant-based meat and dairy products.
• In November 2021, Illinois, United States-based food processing company "Archer-Daniels-Midland" announced that it had acquired the Georgia, United States-based company "Deerland Probiotic & Enzymes." The financials of the deal were kept concealed. The transaction is expected to help Archer-Daniel-Midland in its wellness and health portfolio.
• In November 2021, Illinois, United States-based food ingredient supplier company "Batory Foods" announced the successful acquisition of US-based "DMH Ingredients", a company known for supplying various food and beverages ingredients. The financials of the deal were not revealed. However, the transaction is anticipated to strengthen the ingredients portfolio of Batory Foods.
• In July 2020, a US-based ingredient provider multinational firm "Ingredion Inc." announced that it had successfully wrapped up the acquisition process of natural ingredients producing firm "PureCircle." A total of 185.3 million pounds has been paid by Ingredion to PureCircle Ltd. to attain 75% of the controlling stake.

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