Global Chickpea Flour Market to Surge Past Valuation of US$ 5 Bn By 2026
The global chickpea flour market is anticipated to register healthy growth through the forecast period (2016 to 2026), according to a new market study by XploreMR. The growth of the market is mainly attributed to increasing awareness among consumers regarding health benefits associated with chickpea flour. Consumption of chickpea flour aids in enhancing immunity and prevents inflammation, and has hence penetrated into many cuisines in Asian countries. Furthermore, chickpea flour helps in stabilizing blood sugar and prevents the incidence of diabetes, thus gaining significant traction among health-conscious consumers.
On these lines, chickpea flour is finding significant adoption in the bakery and snack sectors, which will significantly contribute to the growth of the market. On the back of these facets, the global chickpea flour market is projected to surge past US$ 5 Bn in terms of value by the end of the forecast period.
Surging Consumer Awareness Regarding Health Benefits of Chickpea Flour Fosters Growth
The global chickpea flour market continues to be influenced by a range of macroeconomic and microeconomic factors. Increasing awareness on the benefits of health and wellness of chickpea flour is fuelling adoption in developed countries. In many Asian countries, especially India, chickpea flour has been a staple, and has been used in the preparation of many cuisines. According to a latest study by XploreMR (XMR), the global chickpea flour market is likely to surpass a valuation of US$ 5 Bn by the end of 2026.
India Continues to be Central to Global Demand for Chickpea Flour
India is one of the most important markets for chickpea flour, owing to the high production and consumption of chickpea in the country. The harvesting of chickpea is done during the month of mid-January to mid-March, and a decline in production during this time has the potential to alter the status quo in the global demand and supply. India’s centrality to the global chickpea flour market is one of the key reasons for the dominance of Asia Pacific excluding Japan (APEJ) in the global chickpea flour market.
Awareness about Health Benefits Driving Adoption in Developed Countries
Chickpea Flour Market: Global Industry Analysis 2012-2016 & Opportunity Assessment 2017-2026Buy Now
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