NEW
YORK, June 25, 2024 /PRNewswire/ -- The global
chickpea market size is estimated to grow by USD 7.41 billion from 2024-2028, according
to Technavio. The market is estimated to grow at a CAGR of
over 5.42% during the forecast period. Increasing
consumption of chickpeas as a snacking item is driving market
growth, with a trend towards expanding base of the vegan
population. However, uncertainty in rainfall affecting the
chickpea crop production poses a challenge. Key market
players include ABBOTT BLACKSTONE Co. Inc., AdasCan Grain Corp.,
AGT Food and Ingredients Inc., Anu Foods, Ardent Mills LLC, ATC
Group India, Bean Growers Australia Ltd., Cono Trading
International AG, DHAVAL AGRI EXPORT LLP, GEEWIN EXIM, Hippeas
Inc., Nature Bio Foods Ltd., Nature Pulse Botanicals Pvt. Ltd.,
Organic Products India, Popular Pulse Products Pvt. Ltd., Shri
Mahavir Group, Shubhlaxmi Industries, SunOpta Inc., VAD Industries
Pvt. Ltd., and Woods Holding Group Pty. Ltd..
![Technavio has announced its latest market research report titled Global chickpea market 2024-2028 Technavio has announced its latest market research report titled Global chickpea market 2024-2028](https://mma.prnewswire.com/media/2445993/IRTNTR44144_bw_info_v4.jpg)
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Chickpea Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
5.42%
|
Market growth
2024-2028
|
USD 7410.9
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
5.04
|
Regional
analysis
|
APAC, North America,
Europe, Middle East and Africa, and South America
|
Performing market
contribution
|
APAC at 85%
|
Key
countries
|
India, Australia, Burma
(Myanmar), US, and Turkey
|
Key companies
profiled
|
ABBOTT BLACKSTONE Co.
Inc., AdasCan Grain Corp., AGT Food and Ingredients Inc., Anu
Foods, Ardent Mills LLC, ATC Group India, Bean Growers Australia
Ltd., Cono Trading International AG, DHAVAL AGRI EXPORT LLP, GEEWIN
EXIM, Hippeas Inc., Nature Bio Foods Ltd., Nature Pulse Botanicals
Pvt. Ltd., Organic Products India, Popular Pulse Products Pvt.
Ltd., Shri Mahavir Group, Shubhlaxmi Industries, SunOpta Inc., VAD
Industries Pvt. Ltd., and Woods Holding Group Pty. Ltd.
|
Market Driver
The global chickpea market is experiencing growth due to the
rising vegan population and increasing consumption of plant-based
proteins. In Europe and the US
alone, there were 2.6 million and 9 million vegans respectively in
2023, accounting for 3.2% and 3.7% of their populations. With busy
lifestyles and the need for convenient, nutritious snacks, the
demand for superfood seeds like chickpeas, pumpkin seeds, chia
seeds, and hemp-based food products has surged. This trend is
expected to continue, driving the growth of the chickpea market
during the forecast period.
The chickpea market has seen significant production and export
growth in recent years. Various countries, including China, India,
and the United States, have been
major contributors to the global chickpea supply. The demand for
chickpeas is on the rise due to their nutritional value and
versatility in various cuisines. The market is segmented into whole
chickpeas, chickpea flour, and chickpea pulp. The use of chickpeas
in plant-based protein products and vegan meals is a growing trend.
Chickpeas are also used in snacks and salads, making them a popular
choice for health-conscious consumers. The market is expected to
continue growing due to increasing demand and advancements in
chickpea processing technology.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- Chickpeas are a vital pulse crop with major production coming
from India, Pakistan, and Turkey. However, these countries face
challenges due to rainfall dependency and low yields caused by
water shortages and drought conditions. In contrast, Iran's chickpea production relies on rainfall
but is limited to areas with sufficient moisture. Desi chickpeas
need a minimum annual rainfall of 350mm, while Kabuli chickpeas
require 450mm. The water demand for chickpeas cultivation remains
consistent, making the crop susceptible to drought conditions,
particularly during the September growing season. Unpredictable
rainfall patterns pose risks to the global chickpea market
growth.
- The chickpea market faces several challenges in production and
distribution. Chickpeas require specific growing conditions, making
farming difficult in some regions. Benes and dry conditions are
major factors affecting chickpea crops. Additionally, diseases and
pests pose significant threats to chickpea production. In terms of
distribution, logistics and transportation costs can make it
difficult for chickpea producers to reach markets efficiently.
Furthermore, consumer preferences and market trends can impact
demand for chickpeas. Producers must adapt to these challenges to
remain competitive in the chickpea market.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This chickpea market report extensively covers market
segmentation by
- Distribution Channel
- Product
- 2.1 Desi chickpea
- 2.2 Kabuli chickpea
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Offline- The global chickpea market is driven
by the growth of convenience and grocery stores, supermarkets, and
hypermarkets. Urbanization and changing lifestyles have led to an
increase in the number of these retail formats worldwide. Consumers
prefer these channels for their convenience and unique shopping
experiences, including discounts and attractive displays. In the
US, the number of supermarkets is expected to grow significantly
during the forecast period. Developing countries are also
witnessing an increase in the number of supermarkets and
hypermarkets due to urbanization and the convenience they offer.
Independent retailers and specialty stores also contribute to the
market's growth by catering to consumers' preferences and enabling
effective marketing and brand-building activities.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The Chickpea market, centered around the major pulse crop Cicer
arietinum, experiences significant demand due to its versatility
and nutritional benefits. Chickpeas, also known as dry beans or
peas, are a staple in various cuisines worldwide, particularly in
vegetarian diets. Global pulse production includes a substantial
amount of chickpeas, making it a crucial component in the pulse
industry. Chickpeas are a popular ingredient in curries, snacks,
ready-to-eat meals, and salads. With an increasing health awareness
trend, the protein-rich legume gains popularity for its high
nutritional value. The protein content in chickpeas is a
significant draw, with each serving providing approximately 15
grams. Product differentiation in the chickpea market includes
various forms such as whole, split, and roasted chickpeas.
Additionally, chickpeas are a rich source of fiber, folate, zinc,
and other essential nutrients, making them a valuable addition to a
balanced diet. The area harvested for chickpea production continues
to expand as consumer demand grows, ensuring a steady supply for
the global market.
Market Research Overview
The Chickpea Market encompasses various types of chickpeas,
including desi and kabuli, and their derived products such as
hummus, falafel, and chickpea flour. These legumes are rich in
protein, fiber, and essential minerals, making them a popular
choice for vegetarian and vegan diets. The market witnesses
significant consumption in regions with a high prevalence of
vegetarianism, particularly in the Middle
East and South Asia.
Chickpeas are also used in various industrial applications,
including the production of animal feed and fertilizers. The market
is influenced by factors such as supply and demand dynamics, price
trends, and consumer preferences. The market is expected to grow
due to increasing health consciousness and the rising popularity of
plant-based diets.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Distribution Channel
-
- Product
-
- Desi Chickpea
- Kabuli Chickpea
- Geography
-
- APAC
- North America
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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