Chickpeas Market Expects To Grow At 5.7% CAGR By 2031

States the chickpeas market surpassed US$ 10.2 Bn by the end of 2021. In addition, canned chickpeas are gaining traction in North America. Thus, Fact.MR estimates that the revenues of chickpeas market will nearly double between 2021 and 2031, reaching nearly US$ 17.8 Bn in 2031 with a CAGR of 5.7% in the forecast period.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.factmr.com/connectus/sample?flag=S&rep_id=296

The latest Fact.MR report on the Chickpeas market gives a 360-degree view of this market. It provides reliable data on drivers, restraints, challenges, and opportunities in the market for Chickpeas. This aside, the report gives a clear idea on the demands and consumption of diverse products/services related to the growth dynamics of the Chickpeas market during the historical period of 2022 to 2032.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐥𝐞𝐚𝐝𝐢𝐧𝐠 𝐩𝐫𝐨𝐝𝐮𝐜𝐞𝐫𝐬 𝐨𝐟 𝐂𝐡𝐢𝐜𝐤𝐩𝐞𝐚𝐬 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:

• The Wimmera Grain Co. Pty Ltd
• Bean Growers Australia Limited
• AGT Food & Ingredients, Inc.
• Indraprasth Foods Ltd
• OLEGA S.A.
• Sanwa Pty. Ltd.
• Alberta Pulse Growers Commission
• Mast Qalander Traders

Share Your Requirements & Get Customized Reports- https://www.factmr.com/connectus/sample?flag=RC&rep_id=296

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝

𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞

• Desi Chickpeas
• Kabuli Chickpeas
• Form
• Dried Chickpeas
• Fresh/Green Chickpeas
• Frozen Chickpeas
• Preserved/Canned Chickpeas
• Chickpea Flour

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

• Chickpeas for Direct Consumption
• Chickpeas for Salads
• Chickpea Snacks
• Chickpeas for Hummus and Tahini
• Chickpeas for Sweets and Desserts
• Chickpeas for Other Applications

As compared to the various application of chickpeas in snacks, salads, hummus, and tahini, direct consumption is likely to experience steady growth. This is owing to the ready-to-eat nature of chickpeas. In addition, chickpeas easily blend with different spices and taste great as snacks.

In a recent study on the Chickpeas market, the economic impact of COVID-19 is assessed along with current opportunities, potential future revenue streams, and current and anticipated valuations of key market sectors. The assessments, which take up many pages, include a list of the important trends that are raising revenues, key growth drivers, and prospective opportunities.

In terms of value, North America holds one third of the share in the global Chickpeas market. Collectively, North America and APEJ are estimated to account for half of the overall market in terms of value. Furthermore, Eastern Europe is also estimated to show resilient growth during the forecast period owing to upcoming airport projects and growing aircraft movements due to increasing passenger traffic.

Thus, towards the end of 2031, direct consumption of chickpeas is projected to exceed the US$ 3.5 Bn value. Although the use of chickpeas in hummus and tahini is also likely to experience growth in the coming years. Thus, direct consumption of chickpeas is expected to possess 35% of market share in the forthcoming sales indicator period.

𝐑𝐞𝐠𝐢𝐨𝐧𝐬 𝐜𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐫𝐞𝐩𝐨𝐫𝐭:

• North America (U.S. and Canada)
• Europe (U.K., Germany, France, Spain, Italy, and Rest of Europe)
• Asia Pacific (China, Japan, India, Indonesia, and Rest of Asia Pacific)
• Latin America (Brazil, Mexico, and Rest of Latin America)
• Middle East & Africa (GCC, South Africa and Rest of Middle East & Africa)

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐑𝐢𝐬𝐤𝐬 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
The global Chickpeas market is characterized by several leading factors, with each factor playing a crucial role in the growth of the industry. The growing demand for products coupled with easy availability of the same has helped the industry flourish across the globe.

𝐅𝐮𝐥𝐥 𝐀𝐜𝐜𝐞𝐬𝐬 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐈𝐬 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐚𝐭: https://www.factmr.com/checkout/296

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This release was published on openPR.