Garbanzo bean flour is the healthier gluten-free alternative containing high amount of proteins. Therefore, it is now-a-days preferred by various wide health conscious population. Its different variety includes chick pea, Egyptian pea, and Bengal gram or gram. It is one of the earliest cultivated legumes particularly found in the Middle East. It is utilized in a number of recipes in food services and hospitality as well as in the household segment. The global garbanzo bean flour market is expected to grow at a significant growth rate, attributed to rapid growth of food & beverages industry across the globe over the forecast period.
Global Garbanzo Bean Flour Market: Key Players
High preference for organic and gluten-free products among the consumer across the globe is one of the crucial demand side factor driving the global garbanzo bean flour market over the forecast period. Health benefits of garbanzo bean flour such as high nutrition content of the beans are expected to drive the growth of the market. The beans are preferred by the vegetarian or vegan population as it is a vegetarian substitute for meat to complete the intake of protein. This, in turn, leads to increasing the market share of garbanzo bean flour across the globe. Growing food and beverages industry is also another factor fuelling the global garbanzo bean flour market over the forecast period. Moreover, the reasonable cost of garbanzo bean flour is expected to bolster its growth in developing economies such as the Middle East and Africa and Asia Pacific. Merger & acquisition among the supply chain entities and garbanzo bean flour suppliers are the trending factors in global a garbanzo bean flour market over the forecast period. Global garbanzo bean flour marketers are focusing on strengthening its supply chain and focusing on high priority market. Garbanzo bean flour processor can leverage potential opportunities in regions such as North America, Europe, and Asia Pacific, attributed to increasing demand for healthy food products in the regions.
The global garbanzo bean flour market is segmented on the basis of source, end-use, and region. On the basis of end-use segments, the household segment is expected to dominate the global garbanzo bean flour market, attributed to high demand for the garbanzo bean flour products across the globe. Whereas, commercial segment is expected to expand at a significant growth rate over the forecast period in the global garbanzo bean flour market. Demand for the organic garbanzo bean flour is relatively in global garbanzo bean flour market with a significant growth rate over the forecast period. Whereas, natural garbanzo bean flour is expected to account for relatively high-value share.
On the basis of geography, the global garbanzo bean flour market is fragmented into seven regions namely, North America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Latin America, the Middle East & Africa and Japan. The North America garbanzo bean flour market is expected to dominate the global garbanzo bean flour market in terms of revenue share over the forecast period followed by Western Europe garbanzo bean flour market, owing to increasing vegetarian and vegan population. Whereas, Asia-Pacific is expected to expand at a relatively significant growth rate in the global garbanzo bean flour market over the forecast period, attributed to the rapid growth rate of food & beverages industry in the region. The Middle East & Africa, Eastern Europe, and Latin America are expected to represent a moderate opportunity in the global garbanzo bean flour market, owing to the moderate economic, agricultural and industrial development in the region. Overall, the outlook for the global garbanzo bean flour market is positive over the forecast period.
Some of the players identified in the global garbanzo bean flour market include Bush Company, Inc., Natural Supply King Global (PTY) Ltd., From The Farmer, C&F Foods Inc., La Casita S.A., The Parade Company, Verde Valle, S.A. De C.V., and Bush Brothers and Company.
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