Chickpea Market is anticipated to reach US$ 20.12 billion by 2033: Fact.MR Report

As of now, the global chickpeas market holds a valuation of US$ 11.45 billion, with projections indicating a significant growth trajectory. By the year 2033, experts forecast this market to soar to a substantial size of US$ 20.12 billion. This growth is underpinned by a forecasted compound annual growth rate (CAGR) of 5.8% in worldwide chickpea consumption by value over the coming decade. Consequently, this expansion is expected to yield an absolute dollar growth of US$ 8.67 billion, signaling promising prospects for the chickpeas market in the foreseeable future.

The Chickpeas Industry sales study offers a comprehensive analysis on diverse features including production capacities, Chickpeas demand, product developments, sales revenue generation and Chickpeas market outlook across the globe.

market research report by Fact.MR, (Leading business and competitive intelligence provider) on global Chickpeas market sales initiates with an outlook of the market, followed by the scrutiny of the demand and consumption volumes and share and size of various end-use segments

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

The readability score of the Chickpeas market demand report is good as it offers chapter-wise layout with each section divided into a smaller sections.
The report encompasses graphs and tables to show the entire assembling. Pictorial demonstration of the definite and estimated values of key segments is visually appealing to readers.

This Chickpeas market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Chickpeas along with key stakeholders as well as emerging players associated with the manufacturing of product.
The Key trends Analysis of Extended Chickpeas market also provides dynamics that are responsible for influencing the future sales and demand of over the forecast period

𝐆𝐫𝐨𝐰𝐭𝐡 𝐓𝐫𝐞𝐧𝐝𝐬:

The global chickpeas market has witnessed notable growth trends in recent years, driven by several key factors. One significant contributor to this growth is the rising consumer awareness regarding the health benefits associated with chickpeas. As more individuals embrace healthier lifestyles, chickpeas have garnered attention for their high protein and fiber content, as well as their low glycemic index. This nutritional profile has positioned chickpeas as a staple in vegetarian and vegan diets, as well as in mainstream culinary dishes, fueling demand across various demographic segments.

Moreover, the increasing popularity of plant-based protein sources has propelled the demand for chickpeas in the food industry. Food manufacturers are incorporating chickpeas and chickpea-based products into a wide array of food items, including snacks, spreads, bakery products, and plant-based meat alternatives. This diversification of chickpea-based products has expanded the market reach and created new avenues for growth within the industry.

Furthermore, the expansion of chickpea cultivation areas and improvements in agricultural practices have contributed to the market's growth. Regions traditionally known for chickpea production, such as India, Pakistan, and countries in the Mediterranean region, have ramped up cultivation efforts to meet the increasing global demand. Additionally, advancements in farming techniques, including better seed varieties, irrigation methods, and pest management strategies, have enhanced yields and quality, ensuring a steady supply of chickpeas to the market.

The rise of e-commerce platforms and online grocery services has also played a significant role in driving chickpeas market growth. Consumers now have easier access to a variety of chickpea products through online channels, facilitating convenience and expanding market reach beyond traditional retail outlets. This accessibility has been particularly beneficial in reaching consumers in urban areas and those seeking specialty or niche chickpea products.

Looking ahead, the chickpeas market is poised for continued growth, fueled by ongoing consumer demand for healthy and sustainable food options. As dietary preferences evolve, and awareness of the environmental impact of food choices increases, chickpeas are expected to remain a prominent ingredient in the global food landscape, driving further expansion and innovation within the market.

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

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
Chickpea suppliers are focusing on launching new chickpea-based products and satisfying the surging demand for plant protein around the world.
• In December 2022, ChickP Protein, a food technology company, introduced a new chickpea protein isolate to make plant-based ice cream. The company worked in collaboration with Vaniglia to create a prototype ice cream with the aforementioned protein isolate.
• In August 2022, NotCo, a Chilean unicorn food technology organization, announced the launch of NotCreme on Masterchef Brazil. The product is a plant-based milk cream made from chickpeas.
• In July 2022, Tolerant, a part of Barilla Group known for minimally processed legume-based pasta manufacturing, announced the launch of organic chickpea spaghetti to its existing portfolio of organic plant-based pasta offerings.

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐨𝐟 𝐂𝐡𝐢𝐜𝐤𝐩𝐞𝐚𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

• By Product Type :
o Desi Chickpeas
o Kabuli Chickpeas

• By Form :
o Dried Chickpeas
o Fresh/Green Chickpeas
o Frozen Chickpeas
o Preserved/Canned Chickpeas
o Chickpea Flour

• By Application :
o Direct Consumption
o Salads
o Snacks
o Hummus & Tahini
o Sweets & Desserts
o Other Applications

• By Region :
o North America
o Latin America
o Europe
o APAC
o MEA

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://www.factmr.com/report/296/chickpeas-market

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