Chickpeas Market Report 2020: Industry Overview, Growth, Price Trends and Forecast till 2025 - IMARC Group

Global Chickpeas Market Outlook - 2025

According to the global chickpeas market report by IMARC Group, the market reached a volume of 12.7 Million Tons in 2019. Looking forward, the market is expected to continue its moderate growth during the next five years.

Chickpeas, also known as garbanzo beans, are pulses which belong to the Leguminosae family, consumed mainly within the Asian and Middle Eastern nations. Chickpeas are endowed with the goodness of nutrients, vitamins and fibre, and help in increasing folate as well as manganese intake. They are beneficial for boosting digestion, keeping blood sugar levels stable and catering satiety as well as weight-loss. Chickpeas are generally distinguished into two types, namely Desi and Kabuli. While Desi chickpeas are grown in India, Kabuli chickpeas are cultivated only in West Asia and the Mediterranean regions.

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Market Drivers/Constraints:

One of the primary factors that has proliferated the demand for chickpeas are the health benefits that are associated with chickpeas. Some of these health benefits include weight management, strengthening bones, reduction of inflammation, improving digestion, and preventing diabetes and heart-attacks.

In addition, the growing population in emerging nations has affected the demand for food supply. As a result, the demand for chickpeas has witnessed a surge over the past few years. Further, improving standards of living have shifted consumer preferences to healthier food options like chickpeas.

Moreover, chickpeas are known for their potency to enhance the aroma and taste of numerous food products like spreads, dips, soups, sauces, etc. This has led to the rising applications of chickpeas in the food industry, thereby influencing its overall demand in the global market.

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However, there are several factors that hamper the market growth. Though chickpeas act as a great source of gluten-free protein for the vegans, eating chickpeas in excess may disturb the digestion pattern or give a stomach-ache.

Some of the major players and suppliers analyzed in the report include:

Adani Wilmar Limited (NSE: ADANIENT)
Cargill Foods India
AGT Food and Ingredients, Inc. (TSE:AGT)
BroadGrain Commodities, Inc.

Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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Regional Insights:

On a geographical front, India represents the biggest producer of chickpeas accounting for the majority of the global production. It is followed by Australia, Pakistan, Myanmar and Ethiopia. The report has also covered the import and export trends, where Australia enjoys a leading position as an exporter in the market, followed by Russia, India, Mexico, Canada, the United States, Ethiopia, Argentina, Tanzania and Iran. On the other hand, India is the largest importer of chickpeas, followed by Bangladesh, Egypt, the United States, Algeria, Pakistan, Spain, United Kingdom and Turkey.

Browse related reports:

Global Pulses Market Report 2020: https://www.imarcgroup.com/prefeasibility-report-on-a-pulse-processing-plant

Global Mung Beans Market Report 2020: https://www.imarcgroup.com/prefeasibility-report-mung-bean-processing-plant

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This release was published on openPR.