Data Bridge Market Research analyses that the Global Chickpea Flour Market which was USD 1.16 Million in 2021 is expected to reach USD 1.78 Billion by 2029 and is expected to undergo a CAGR of 5.53% during the forecast period of 2021 to 2029. Chickpea Flour Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of Size, Share, Scope, Demand, Growth, Value, Opportunities, Industry Statistics, Industry Trends, Industry Share, Revenue Analysis, Revenue Forecast, Future Scope, Challenges, Growth Drivers, leaders, graph, insights, Research Report, companies, overview, outlook and factors that are playing a substantial role in the market.
Global Chickpea Flour Market Segmentation Analysis
Global Chickpea Flour Market, By Product Type (Desi, Kabuli), Application (Bakery and Confectionery, Extruded products, Beverages, Animal Feed, Dairy Products, Other Applications), Distribution Channel (Food Chain Services, Modern Trade, Convenience Store, Departmental Store, Online Store, Other Distribution Channel) – Industry Trends and Forecast to 2029.
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Which are the top companies operating in the Chickpea Flour Market?
The “Global Chickpea Flour Market ”study report will provide a valuable insight with an emphasis on the global market. The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the Chickpea Flour Market extension. This Chickpea Flour Market report provides the information of the Top 10 Companies in Chickpea Flour Market in the market their business strategy, financial situation etc.
**Segments**
- **Type**: The chickpea flour market is segmented based on type into organic and conventional chickpea flour. The demand for organic chickpea flour is expected to witness significant growth due to increasing consumer awareness towards organic and natural products.
- **Application**: The market is segmented by application into snacks, bakery products, soups & sauces, and others. The bakery products segment is expected to dominate the market owing to the versatile nature of chickpea flour in baking applications.
- **Distribution Channel**: Based on the distribution channel, the market is segmented into direct sales and indirect sales. The indirect sales segment, which includes supermarkets/hypermarkets, convenience stores, and online retail, is expected to hold a considerable share in the market.
**Market Players**
- **Bob's Red Mill Natural Foods**: Bob's Red Mill Natural Foods is a key player in the chickpea flour market, offering a wide range of gluten-free products including chickpea flour.
- **Archer Daniels Midland Company**: ADM is a prominent player in the market, providing chickpea-based ingredients for various food applications.
- **The J.M. Smucker Company**: The J.M. Smucker Company offers chickpea flour under its popular brand, making it easily accessible to consumers in the market.
- **Conagra Brands, Inc.**: Conagra Brands is another significant player in the chickpea flour market, catering to the increasing demand for healthy and plant-based food products.
The global chickpea flour market is anticipated to witness substantial growth during the forecast period, primarily driven by the rising inclination towards gluten-free products and the expanding vegan population. The health benefits associated with chickpea flour, such as its high protein and fiber content, are further boosting its demand in various food applications. Additionally, the increasing awareness regarding the nutritional value of chickpea flour is fueling its adoption in the food industry. With the market players introducing innovative chickpea flour-based products andThe global chickpea flour market is poised for significant growth driven by several key factors. One of the primary drivers is the increasing consumer inclination towards gluten-free products. Chickpea flour, being naturally gluten-free, appeals to consumers with gluten sensitivities or those looking to adopt a gluten-free diet for health reasons. Furthermore, the expanding vegan population is also contributing to the growth of the chickpea flour market. As a plant-based protein source, chickpea flour aligns well with the preferences of vegan consumers who seek alternatives to animal-derived products.
Health consciousness among consumers is another major factor fueling the demand for chickpea flour. Chickpea flour is known for its high protein and fiber content, making it a nutritious option for various food applications. As consumers become more informed about the nutritional benefits of chickpea flour, its popularity is expected to grow across different demographic segments. Additionally, the versatility of chickpea flour in cooking and baking applications further enhances its appeal to consumers and food manufacturers alike.
Market players such as Bob's Red Mill Natural Foods, Archer Daniels Midland Company, The J.M. Smucker Company, and Conagra Brands, Inc. play a crucial role in driving the growth of the chickpea flour market. These companies offer a diverse range of chickpea flour products and ingredients, catering to the evolving demands of the market. By introducing innovative chickpea flour-based products, enhancing distribution channels, and focusing on marketing initiatives, these players are expanding their market presence and driving category growth.
In terms of market segmentation, the organic chickpea flour segment is expected to witness robust growth due to increasing consumer awareness and preference for organic and natural products. The bakery products application segment is likely to dominate the market, given the versatility of chickpea flour in baking applications. Moreover, the indirect sales distribution channel, including supermarkets/hypermarkets, convenience stores, and online retail, is projected to hold a significant market share, providing consumers with easy access to**Market Players**
- Blue Lake Milling (Australia)
- Grain Millers, Inc. (U.S.)
- Morning Foods Ltd (U.K.)
- General Mills, Inc. (U.S.)
- Avena Foods Limited (copyright)
- RICHARDSON INTERNATIONAL LIMITED (copyright)
- CEREALTO SIRO FOODS (Spain)
- Premier Nutrition Company, LLC (Germany)
- Nestlé SA (Switzerland)
- Molino Spadoni spa (Italy)
- WEETABIX (U.K.)
- Valsemøllen (Denmark)
- Grillon D'Or (France)
- Clif Bar & Company (U.S.)
- Associated British Foods plc (U.K.)
- DANONE SA (Switzerland)
The global chickpea flour market is experiencing significant growth driven by various factors. The increasing preference for gluten-free products, driven by rising awareness of gluten sensitivities and health consciousness, is a key driver propelling the market forward. Additionally, the expanding vegan population is contributing to the demand for plant-based protein sources like chickpea flour. The nutritional benefits of chickpea flour, including its high protein and fiber content, are attracting consumers across different demographic segments, further boosting market growth. Market players are playing a vital role in shaping the market landscape by offering diverse chickpea flour products and ingredients to meet evolving consumer demands. Through innovation in product offerings, improved distribution channels, and strategic marketing efforts, these players are expanding their
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Research Methodology of Data bridge Market Research:
Data Bridge Market Research typically follows a comprehensive research methodology for analyzing and reporting on market trends, including the Chickpea Flour Market. The research methodology generally involves the following steps:
1. Data Collection
- Primary Research: This involves conducting interviews, surveys, and direct interactions with industry experts, market participants, and key opinion leaders. Primary data is crucial for gaining insights into the market's current dynamics, trends, and growth factors.
- Secondary Research: This includes gathering data from publicly available sources like company reports, press releases, industry journals, government publications, and reputable databases. Secondary research helps in understanding the market's historical trends and the competitive landscape.
2. Market Segmentation and Data Analysis
- Segmentation: The Chickpea Flour Market is segmented based on various factors such as type, application, region, and end-user. This segmentation allows for a more detailed analysis of each Chickpea Flour Market segment.
- Data Analysis: Advanced analytical tools and techniques, such as SWOT analysis, PESTLE analysis, Porter’s Five Forces analysis, and regression analysis, are used to interpret the data. These tools help in identifying key market trends, growth drivers, opportunities, and challenges.
3. Market Estimation
- Top-Down and Bottom-Up Approaches: These approaches are used to estimate and validate the market size. The top-down approach involves analyzing the overall market and then narrowing it down to specific segments, while the bottom-up approach starts from individual segments and aggregates them to estimate the total market size.
- Data Triangulation: Multiple data sources are compared and analyzed to ensure the accuracy and reliability of the market estimates.
4. Validation
- Expert Validation: The findings and market estimates are validated through discussions with industry experts and key stakeholders. This step ensures that the data and insights are accurate and reflect the market reality.
- Cross-Verification: The data is cross-verified with multiple sources to ensure consistency and accuracy.
5. Report Compilation and Presentation
- Drafting the Report: Once the data analysis is complete, the findings are compiled into a comprehensive report. The report includes a detailed analysis of market trends, forecasts, competitive landscape, and strategic recommendations.
- Final Review: The report undergoes a final review to ensure that it meets the quality standards and provides valuable insights to the clients.
6. Ongoing Updates
- Continuous Monitoring: The market is continuously monitored, and the reports are updated periodically to reflect the latest market trends and developments.
This structured approach ensures that the research conducted by Data Bridge Market Research is thorough, accurate, and provides actionable insights for stakeholders in the Chickpea Flour Market.
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