According to a recently published report by IMARC Group titled “Black Gram Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, the global black gram market exhibited a CAGR of 6.7% during 2009-2016, reaching a value of 2.8 Million Tons in 2016. Black grams are a kind of lentils with little black seeds and white interior. They acquire their dark hue as a result of high concentration of an antioxidant called anthocyanin. Black grams belong to Asiatic Vigna group and are cultivated mostly in South Asian countries. Falling under the category of warm-season crops, they grow best in loamy soil. Black grams also help in enriching soil nitrogen content and comparatively take short time period to mature, around 90-120 days. The report finds that the market is expected to reach a value of 14 Million Tons by 2022.
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The primary factor driving the demand for black gram is their high level of nutritional content which include considerable amount of essential vitamins, minerals, proteins and dietary fibre. They offer several health benefits such as improving immunity, strengthening the nervous system, optimizing digestion, protecting cardiovascular health, boosting energy, reducing pain and inflammation, aiding skin health, preventing diabetes and building strong bones. Owing to their therapeutic and healing qualities, black grams are also used in Ayurvedic medication. Apart from this, they contribute in enhancing the taste and aroma of several products such as soups, sauces, dips and spreads. The flour and fractions of the split black gram also find applications in a variety of industries such as batter and breading, bakery, beverages, meat and snack food industry. Some of the other factors currently fostering the growth of the global black gram market include rising population, increasing disposable incomes, growing health consciousness among consumers, changing lifestyles and growing demand, particularly in emerging countries.
The report provides a comprehensive segmentation of the global black gram market on the basis of key regions. Currently, India represents the world’s largest producer of black gram accounting for the majority of the global production. It is followed by Myanmar and Pakistan. The report also covers the competitive landscape of the market and finds that it is fragmented in nature with a number of global and local players. The report further provides a detailed value chain analysis of black gram. This encompasses all the activities in the value chain such as cultivation, procurement, processing, sales and distribution.
Click here or summary of the report with TOC: http://www.imarcgroup.com/prefeasibility-report-black-gram-processing-plant
The report provides a comprehensive analysis for setting up a black gram processing plant. The report covers all the requisite aspects of the black gram industry and provides an in-depth analysis of the market, industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. It also offers SWOT, Value Chain and Porter’s Five Forces analysis and regional segmentation followed by an analysis of the competitive landscape. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the black gram industry in any manner.
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Country: United States