Press release
Future of the Chickpeas Market: Trends, Innovations, and Key Forecasts Through 2034
Chickpeas Market Growth
Chickpeas Market Size Growth Forecast: What to Expect by 2025?
The market for chickpeas has seen substantial growth in the past few years. The market value is set to increase from $15.79 billion in 2024 to $16.83 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 6.6%. Factors contributing to this growth during the historic period include a heightened demand for plant-based proteins, an increase in global food security concerns, an uptick in the demand for traditional dishes, advancements in farming practices, and a rise in both exports and imports activities.
How Will the Chickpeas Market Size Evolve and Grow by 2029?
The market size for chickpeas is predicted to experience robust growth in the upcoming years, reaching a value of $22.95 billion in 2029 with a compound annual growth rate (CAGR) of 8.1%. This surge during the projected period can be accredited to factors such as the rise in sustainable farming practices, the popularity of vegan diets and meat substitutes, advancements in crop genetics, the escalating demand for precision farming technologies and an increased emphasis on health and well-being. The prediction period will also witness significant trends such as the formulation of functional foods, the incorporation of chickpea flour in gluten-free items, the creation of chickpea-centric snacks, and innovation in food products.
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What Drivers Are Propelling the Growth of Chickpeas Market Forward?
The chickpeas market growth is projected to surge in the future due to the increasing health consciousness among individuals. A growing number of people are opting for healthier dietary habits due to the increasing instances of obesity, heart ailments, diabetes, and other chronic illnesses. Chickpeas, whether in canned or dried form, possess a low glycemic index which aids in regulating blood sugar, reducing cholesterol, and diminishing cancer risks. Chickpeas are rich in Choline, a vitamin crucial for producing key molecules essential for memory, mood enhancement, muscle control, and other brain-nerve functions. For instance, the World Health Organization's report from September 2022 stated if no urgent steps are taken to promote physical activities, nearly 500 million individuals would be facing diseases like heart disorders, obesity, diabetes, or other illnesses resulting from physical inactivity, between 2020 and 2030. This would cost an annual $27 billion. Therefore, heightened health awareness is a driving factor for the growth of the chickpeas market.
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Which Emerging Trends Are Transforming the Chickpeas Market in 2025?
The chickpeas market is witnessing a rise in consumer interest due to the introduction of various product innovations. Key players in the chickpeas industry are concentrating on introducing novel products to consolidate their market standing. For example, ChickP Protein Ltd., an Israel-based company specializing in plant-based protein ingredient manufacturing, unveiled a chickpea protein isolate designed for plant-based ice cream in November 2022. The experimental ice cream features a smooth and creamy texture similar to traditional dairy ice cream. This attribute makes it an appealing option for flexitarian diet followers and people seeking plant-based alternatives.
What Are the Key Segments in the Chickpeas Market?
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: Super markets/ Hyper markets, 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
Subsegments:
1) By Kabuli Chickpeas: Large-Seeded Kabuli Chickpeas, Small-Seeded Kabuli Chickpeas
2) By Desi Chickpeas: Brown Desi Chickpeas, Green Desi Chickpeas, Black Desi Chickpeas
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Who Are the Key Players Shaping the Chickpeas Market's Competitive Landscape?
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, RR Agro Foods, Parampara Organic, Erika Organics, Pushti Food Products, Olam International Ltd., Prism Pulses Pvt Ltd., AG Pulse LLC, AmeriSeed LLC, Busby International LLC, George F. Brocke & Sons Inc., Raj food industries Pvt Ltd., Nabi Akram Chapri Manufacturing, Sleaford Quality Foods Ltd., CGF Bourse Inc.
What Geographic Markets Are Powering Growth in the Chickpeas Market?
Asia-Pacific was the largest region in the chickpeas market in 2024. The regions covered in the chickpeas market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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