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Increasing Health Consciousness Sparks Growth in Chickpeas Market for the Forecasted Period || AGT Food and Ingredients, BroadGrain Commodities, The Wimmera Grain Store, Bean Growers Australia Limited
Chickpeas Market
The Business Research Company's Chickpeas Global Market Report 2023 identifies the rising health awareness among people is the major driver for the chickpeas market's growth 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
The global chickpeas market size grew from $13.93 billion in 2022 to $14.9 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the chickpeas is expected to grow to $19.19 billion in 2027 at a CAGR of 6.5%.
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Major competitors in the chickpeas market are AGT Food and Ingredients, BroadGrain Commodities, The Wimmera Grain Store, Bean Growers Australia Limited, Olega S.A., Indraprasth Foods Limited, Arbel Group, Alberta Pulse Growers Commission.
A key trend in the Chickpeas market includes offering growing product innovations. Major companies operating in the chickpeas sector are focused on developing innovative products to strengthen their position. For instance, in November 2020, ChickP, an Israeli foodtech start-up introduced a next-generation native starch for food and beverage applications made from chickpeas using proprietary technology.
Read More On The Global Chickpeas Market Report Here: https://www.thebusinessresearchcompany.com/report/chickpeas-global-market-report
The chickpeas market 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
5) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the chickpeas market.
The Business Research Company's "Global Chickpeas Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Chickpeas Market Include:
1. Executive Summary
2. Chickpeas Market Characteristic
3. Chickpeas Market Trends And Strategies
4. Chickpeas Market - Macro Economic Scenario
5. Chickpeas Market Size And Growth
……………
27. Chickpeas Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Chickpeas Market
29. Chickpeas Market Future Outlook And Potential Analysis
30. Appendix
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