Chickpea Flour Market Report

The demand for plant-based proteins rising as the result of the latest tendencies towards more environmentally friendly and healthy diets. For instance, it was revealed that in the year 2023, more than 70% residents of the United States use plant-based foods. These sources reveal that chickpea flour has turned into popular, gradually due to its features and the beneficial influence on consumption as a dietary supplement. Highly sensitivity towards the environment and health issues associated with protein products from animals have made people turn to plant base source of chickpea flour which is densely packed with proteins, fibers, and essential nutrients.

Chickpeas from the garden are used in most of the traditional cuisines and are now being incorporated in products and meals that are trendy. Sophisticated by its high protein content quality and ability to improve the taste and quality of almost all types foods including baked good and other meats it is highly prized. Consumers now seem to have a different preference, consequently, demanding new development and expansion of the plant-based foods market. Chickpea flour and other plant proteins are expected to take a higher demand as consumers embrace vegetarian or vegan diets, created by a focus on environmental conservation and healthy living.

The chickpea flour sector is encountering strong competition from other plant-based proteins such as pea, soy, and lentil flours. These other options frequently have similar or better nutritional content and may be available for a lower price. As consumers branch out into various plant-based choices, the market dominance of chickpea flour might face competition. The flexibility and advantages of these alternative flours may appeal to both health-conscious and budget-conscious customers, possibly influencing the demand and profitability of chickpea flour items. In order to stay ahead in the market, the chickpea flour industry should focus on its special strengths and create new products to meet changing consumer demands.

The chickpea flour sector heavily relies on particular areas for manufacturing, making it vulnerable to interruptions from climate change, political conflicts, and trade restrictions. Unfavourable weather, political unrest, or strict trade regulations in important manufacturing regions can greatly affect the supply chain, causing shortages and price fluctuations. Any interruption in the availability of raw materials due to this vulnerability can impact profitability and rising costs, posing a threat to the industry's stability. It is essential to diversify sourcing areas and put risk management plans in place in order to address these possible challenges.

The chickpea flour industry is seeing a substantial growth due to planned introductions of new products and company takeovers. Businesses are more and more offering creative chickpea flour items to satisfy various consumer tastes and dietary requirements. For instance, in September 2023, Grain Processing Corporation (GPC), a member of the KENT Corporation group based in Muscatine, Iowa, has confirmed the purchase of a flour production and storage site in Oskaloosa, IA. Expanding on its achievements in soy and chickpea milling in Grinnell, Iowa, GPC's purchase enhances its tradition of providing cutting-edge, top-notch plant-based ingredients desired by consumers globally.

Consumers focused on their diet are nowadays turning to new uses and improved recipes, including gluten-free flours and higher nutritional values, which are expanding the category. These releases increase market accessibility and strengthen the position of competition on the constantly growing plant-based food market. For instance, in September 2023, Banza, a company that produces chickpea flour comfort foods, expanded its suite with frozen waffles. This item is the first entry of the company in the breakfast category and the second in the frozen category, and in the same line it provides pasta, macaroni & cheese, as well rice made from chickpeas.

The growth in the customer preference for products that are derived from plant and the gluten-free products, North America is the largest consumer of the chickpea flour. All this can be seen as indicating a trend toward increased sustainability and better nutrition in terms of dieting. Due to its nutritional values among them being proteins and fibers and it can be used in most of the dishes that are usually prepared in the US and Canada, chickpea flour market has expanded over the recent past. Due to it can provide new and diverse consumers with nutritional and specialized value. For instance, gluten intolerance or vegan diets, consumers in North America are increasingly aware of chickpea flour. Currently, the companies in North America are developing the product range and seeking for new uses and R&D investments for chickpea flour.

Asia Pacific driven by the breakout of traditional culinary practices and a progressive popularity of plant-based diets is expected to dominate the chickpea flour market. These countries include India due to chickpea flour used widely in preparation of numerous meals. Indeed, the market growth is stimulated by the increased consumption of healthy and gluten products, raise disposable income per capita plus the shift in the dietary habits across the region. Besides, local producer’s increased focus and innovative application and emergence of chickpea flour in the global market is ensuring that Asia Pacific region holds a strong ground.