05-09-2018 07:32 AM CET - Business, Economy, Finances, Banking & Insurance

Growth of Chickpeas Market Report: Analysis, Size, Share, Growth, Demand, Trends and Forecast 2017 to 2022

Press release from: Fact.MR

A freshly compiled business intelligent report, titled “Chickpeas Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2022” has been publicized to the vast archive of Fact.MR online repository. This _ page study delivers all the vital details and information required to know about “Chickpeas” market current as well as future prospects. The analysts of the study have gone through extensive research methodologies in order to generate data and information that reflects the latest market undercurrents and industry trends. For a deeper understanding of the market, a sub-category level analysis has been elaborated, by which readers and investors of the report will able to know that where the market stands to gain.

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Leading to higher nutrition value and protein, chickpeas are generally consumed with soups, salads, dip, spread, etc. Rising consumption is also leading to the rise in manufacturers offering chickpeas in various forms such as roasted, flavored, snack bar. Moreover, fried and seasoned chickpeas are also being consumed on a large scale. Consumers are becoming health conscious, hence are focusing on consuming food that is low in calories and fats. People have also started following various diets, among these, the Mediterranean diet is being followed on a large-scale and of which chickpeas form an important part. Hence, manufacturers are also looking forward to offering chickpeas in various flavors and forms without losing its protein, carbohydrate and fiber contents. Increase in production of chickpeas is also resulting in the development of new technology to store chickpeas protecting it from various insects and preventing it from getting rotten.

According to a study by Fact.MR, the global market for chickpeas is likely to witness above-average growth. The market is projected to bring in US$ 10,679.6 million revenue towards 2022 end. Being one of the major ingredients of various Mediterranean, Middle Eastern, and Indian dishes, the demand for chickpeas is continuously rising. Moreover, manufacturers of processed foods are also using chickpeas for offering a variety of food products.

Desi Chickpeas to Gain Maximum Revenue Share

Desi Chickpeas are projected to account for more than half of the share in terms of revenue by 2017 end. Desi chickpeas are also expected to create an incremental opportunity exceeding US$ 1,200 million between 2017 and 2022. Meanwhile, Kabuli chickpeas are also projected to witness steady growth throughout the forecast period.

Dried Chickpeas to be the Most Preferred Form

Among various forms of chickpeas available in the market, dried chickpeas are likely to gain traction in the global market for chickpeas. Dried chickpeas are projected to surpass US$ 5,000 million towards 2022 end. On the other hand, fresh/green chickpeas are also likely to be the second most preferred chickpeas form.

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Direct Consumption of Chickpeas to Witness Steady Growth

As compared to the various application of chickpeas in salads, snacks, hummus, and tahini, direct consumption is likely to experience steady growth. Towards the end of 2022, direct consumption of chickpeas is projected to exceed US$ 3,500 million value. Although the use of chickpeas in hummus and tahini is also likely to experience growth in the coming years.

Competition Tracking

The report also profiles companies that are expected to remain active in the expansion of global chickpeas market through 2022, which include Bean Growers Australia Limited, The Wimmera Grain Co., Pty Ltd, AGT Food & Ingredients, Inc., OLEGA S.A., Alberta Pulse Growers Commission, Indraprasth Foods Ltd, Mast Qalander Traders, and Sanwa Pty. Ltd.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Food & Beverages Market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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