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Chickpeas Global Market Report 2024 by The Business Research Company | Alliance Grain Traders, BroadGrain Commodities Inc., The Wimmera Grain Company, Bean Growers Australia Ltd., Olega SA, Indraprasth Foods Ltd., Arbel Group, Alberta Pulse Growers,
Chickpeas Market Trends
The chickpeas market size is expected to see strong growth in the next few years. It will grow to $20.97 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to increasing sustainable agriculture practices, meat substitutes and vegan diets, crop genetic improvement, increasing need for precision agriculture technologies growing focus on health and wellness
. Major trends in the forecast period include introduct of functional food, the use of chickpea flour in gluten-free products, development of chickpeas-based snacks, and food product innovation.
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Chickpeas Market Major Segments
The chickpeas market covered in this report 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
Key Driver - Rising Health Awareness Drives Growth In The Chickpeas Market
The rising health awareness among people is expected to fuel the growth of the chickpeas market 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. For instance, according to the Center for Diseases Control and Prevention report in 2021, due to poor nutrition, and lack of physical activity, 6 in 10 adults in the USA are suffering from a chronic disease and 4 in 10 have two or more diseases. Therefore, the rising health awareness propels the chickpeas market growth.
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Prominent Trend - Innovative Plant-Based Protein For Ice Cream In Chickpeas Market
Growing product innovations are gaining significant popularity in the chickpeas market. Major companies operating in the chickpeas sector are focused on developing innovative products to strengthen their position. For instance, in November 2022, ChickP Protein Ltd.,, an Israel-based manufacturer of plant-based protein ingredients, developed a chickpea protein isolate for plant-based ice cream. The prototype of the ice cream is crafted to offer a rich and creamy texture akin to that of conventional dairy ice cream. This quality renders it an enticing choice for individuals who follow a flexitarian diet and those in search of plant-based substitutes.
Chickpeas Market Players
Major companies operating in the chickpeas market include Alliance Grain Traders, BroadGrain Commodities Inc., The Wimmera Grain Company, Bean Growers Australia Ltd., Olega SA, Indraprasth Foods Ltd., Arbel Group, Alberta Pulse Growers, Isik Tarim AS, Shri Mahavir Group, Aayurmed Biotech Pvt. Ltd., RR Agro Foods, Parampara Organic, Erika Organics, Pushti Food Products, Olam International Ltd., Prism Pulses Pvt Ltd., Exports Ltd., AG Pulse LLC, Copper Mountain Energy, R. H. Ballard Art Rug & Home, AmeriSeed LLC, Busby International LLC, George F. Brocke & Sons Inc., Raj food industries Pvt Ltd., Nabi Akram Chapri Manufacturing, Sleaford Quality Foods Ltd., India's Millets Production, CGF Bourse Inc.
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the chickpeas market in 2023. The regions covered in the chickpeas market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Chickpeas Market Report Structure
3. Chickpeas Market Trends And Strategies
4. Chickpeas Market - Macro Economic Scenario
5. Chickpeas Market Size And Growth
…..
27. Chickpeas Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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