About Garbanzo Flour
The global garbanzo flour market is expected to grow in the future due to growth in the food and beverage industry in developing countries. Garbanzo flour is made from ground, dried chickpeas. Garbanzo flour‚ also known as gram flour, chickpea powder, and Cici bean flour‚ is popular in Middle Eastern and Indian cooking and baking. It is also demanded in gluten-free baking. Garbanzo bean flour also works well in cakes or quick bread with strong flavors like chocolate and pumpkin. High usage of garbanzo bean flour to replace up to 25% of the flour in baking to increase protein and fiber.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.2% |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Garbanzo Flour market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bob's Red Mill (United States), Namaste Foods (United States), To Your Health Sprouted Flour Co. (United States), Great Western Grain Co Ltd (Canada), Gourmet Imports (United States), Authentic Foods (United States), Anchor Ingredients (United States), Earthly Gourmet (United States) and Molino Zanone ( Italy) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are The Scoular Company (United States) and Jeb Foods (United States).
Segmentation Overview
AMA Research has segmented the market of Global Garbanzo Flour market by , Application (Bakery and Confectionery, Extruded Products, Beverages and Animal Feed) and Region.
On the basis of geography, the market of Garbanzo Flour has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Source , the sub-segment i.e. Natural will boost the Garbanzo Flour market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User Industry, the sub-segment i.e. Feed Industry will boost the Garbanzo Flour market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Convenience Stores will boost the Garbanzo Flour market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Demand for Garbanzo Flour due to Protein and Dietary Fiber and are a Good Source of Iron
Market Growth Drivers:
Rising Preference for Gluten Free and Organic Products among Consumer and Upsurging Demand from Bakery and Confectionery Segment
Challenges:
Stringent Government Laws and Regulations
Restraints:
Price Fluctuation in Raw Materials
Opportunities:
Growing Food and Beverage Industry in Developing Countries and Increasing Number of Vegan Population Globally
Market Leaders and their expansionary development strategies
In September 2023, Grain Processing Corporation (GPC), part of the KENT Corporation family of companies, announced the acquisition of a specialty flour milling facility in Oskaloosa, IA. This acquisition aims to leverage GPC's soy and chickpea flour production capabilities and expand its value-added milling business.
On 10th July 2020, Ardent Mills announced its further investment in the grain elevator in Klamath Falls, Oregon for sourcing organic and specialty grain. According to the CEO of Ardent Mills Dan Dye, this acquisition has advanced the Ardent Mills to provide grains from organic and conventional farms in the region.
Key Target Audience
Manufacturers of Garbanzo Flour, Suppliers of Raw Materials, Wholesalers, Distributors, and Retailers of Garbanzo Flour, Food Industry, Bakery Industry, Governmental Bodies and Research Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.