Overview and Scope
The chickpeas are solid, round seeds which resemble pale-brown peas in appearance. Chickpeas are an Asian legume plant (Cicer arietinum) grown for their short pods with one or two seeds. Garbanzo beans, Ceci beans, Bengal gramme, and gramme are all names for chickpeas. They’re nutritious, adaptable, and simple to cook.
Sizing and Forecast
The chickpeas market size has grown strongly in recent years. It will grow from <b>$14.94 billion in 2023 to $15.92 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. </b> The growth in the historic period can be attributed to increased plant-based protein demand, global food security, increased demand for traditional cuisines, growth in agricultural practices, increased in export and import activities.
The chickpeas market size is expected to see strong growth in the next few years. It will grow to <b>$20.97 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. </b> The growth in the forecast period can be attributed to increasing sustainable agriculture practices, meat substitutes and vegan diets, crop genetic improvement, increasing need for precision agriculture technologies growing focus on health and wellness
. Major trends in the forecast period include introduct of functional food, the use of chickpea flour in gluten-free products, development of chickpeas-based snacks, and food product innovation.
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Segmentation & Regional Insights
The chickpeas market covered in this report is segmented –
1) By Type: Kabuli Chickpeas, Desi Chickpeas
2) By Form: Dried, Fresh Or Green, Frozen, Preserved/ Canned, Flour
3) By Distribution Channel: Supermarkets/ Hypermarkets, Departmental Stores, Grocery Stores, E-commerce Platforms, Other Distribution Channel
4) By End User: Food And Beverage, Healthcare And Nutrition, Restaurants And Food Service Providers, Other End-Users
<b>Asia-Pacific</b> was the largest region in the chickpeas market in 2023. The regions covered in the chickpeas market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rising health awareness among people is expected to fuel the growth of the chickpeas market in the forecast period. Increasing cases of obesity, heart diseases, diabetes, and other chronic diseases are forcing people to choose healthy dietary options. Chickpeas, both canned and dried, have a low glycemic index, which helps to control blood sugar, cut cholesterol, and reduce the risk of cancer. Choline is a vitamin found in chickpeas that aids in the production of key molecules for memory, mood, muscular control, and other brain and nervous system functions. For instance, according to the Center for Diseases Control and Prevention report in 2021, due to poor nutrition, and lack of physical activity, 6 in 10 adults in the USA are suffering from a chronic disease and 4 in 10 have two or more diseases. Therefore, the rising health awareness propels the chickpeas market growth.
Key Industry Players
Major companies operating in the chickpeas market include <b> Alliance Grain Traders, BroadGrain Commodities Inc., The Wimmera Grain Company, Bean Growers Australia Ltd., Olega SA, Indraprasth Foods Ltd., Arbel Group, Alberta Pulse Growers, Isik Tarim AS, Shri Mahavir Group, Aayurmed Biotech Pvt. Ltd., RR Agro Foods, Parampara Organic, Erika Organics, Pushti Food Products, Olam International Ltd., Prism Pulses Pvt Ltd., Exports Ltd., AG Pulse LLC, Copper Mountain Energy, R. H. Ballard Art Rug & Home, AmeriSeed LLC, Busby International LLC, George F. Brocke & Sons Inc., Raj food industries Pvt Ltd., Nabi Akram Chapri Manufacturing, Sleaford Quality Foods Ltd., India’s Millets Production, CGF Bourse Inc. </b>
The chickpeas market report table of contents includes:
1. Executive Summary
2.Chickpeas Market Characteristics
3.Chickpeas Market Trends And Strategies
4.Chickpeas Market analysis
5.Chickpeas Market Size And Growth
6.Chickpeas Segmentation
7.Chickpeas Regional And Country Analysis
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27.Chickpeas Competitive Landscape And Company Profiles
28.Chickpeas Key Mergers And Acquisitions
29.Chickpeas Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Alliance Grain Traders
- BroadGrain Commodities Inc.
- The Wimmera Grain Company
- Bean Growers Australia Ltd.
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