Press release
Chickpeas Market Expected to Grow to $9.2 Billion by 2034, Rising at 6.1% CAGR
Chickpeas Market
Chickpeas Market has emerged as one of the most dynamic sectors in the global food industry, gaining momentum from the rising shift toward healthier and plant-based diets. Chickpeas, a versatile legume, are consumed in multiple forms such as dried, canned, roasted, and as flour, serving a wide range of culinary and industrial applications. Their nutritional richness, particularly high protein and fiber content, makes them an essential ingredient in both traditional cuisines and modern food innovations. Growing awareness of sustainable agriculture and the role of legumes in improving soil fertility has further positioned the Chickpeas Market as a vital contributor to global food security and dietary trends.
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Market Size
In 2024, the Chickpeas Market was valued at approximately $5.1 billion. It is forecasted to reach around $9.2 billion by 2034, expanding at a CAGR of about 6.1%. This strong growth trajectory is fueled by rising demand for plant-based proteins, especially in regions where vegetarian and vegan diets are becoming mainstream. With chickpeas increasingly featured in packaged foods, snacks, and meat alternatives, the market's size is expected to accelerate further, making it a crucial part of the global legume and pulses industry.
Share & Demand Analysis
The Chickpeas Market has seen consistent demand growth across its segments. Dried chickpeas dominate due to their adaptability in cooking and longer shelf life, accounting for the largest share of market consumption. Processed chickpeas, including canned and roasted products, are also gaining momentum, driven by urban consumers who value convenience. With more people seeking gluten-free and plant-based diets, chickpea flour is carving out a growing niche in the baking and snack industry. Globally, chickpea consumption is estimated at nearly 15 million metric tons in 2024, with projections to climb to 22 million metric tons by 2028.
Market Dynamics
Several factors are shaping the Chickpeas Market. Key drivers include rising consumer awareness of nutrition, the boom in plant-based diets, and sustainability concerns. Chickpeas are seen as environmentally friendly, requiring less water and fertilizer compared to other crops. On the flip side, challenges such as climate change, fluctuating yields, and international trade barriers pose risks to supply chains and pricing stability. Despite these challenges, technological advances in precision farming and modern processing are enhancing yield quality, making the sector more resilient.
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Key Players Analysis
The Chickpeas Market is competitive and features a mix of global agribusiness giants and regional suppliers. Leading companies include Olam International, AGT Food and Ingredients, Columbia Grain International, and The Scoular Company. These players are investing in advanced farming techniques, supply chain efficiencies, and product innovation to maintain their market share. Alongside them, emerging brands focusing on chickpea-based snacks, dairy alternatives, and protein isolates are capturing niche markets and reshaping consumer perceptions of chickpeas as a modern superfood.
Regional Analysis
The Chickpeas Market shows diverse regional trends. Asia-Pacific leads, primarily due to India and Pakistan's dominance in both production and consumption, with India accounting for the largest global share. North America, particularly the United States, is witnessing rapid growth, supported by demand for plant-based proteins and Mediterranean cuisines. Europe is steadily expanding, driven by vegetarian and vegan diets, with Germany, Spain, and the UK as key markets. Meanwhile, the Middle East and Africa remain important, not only as traditional consumers but also as exporters to European and Asian markets. Australia and Turkey also play significant roles as major suppliers.
Recent News & Developments
Recent developments highlight the dynamic nature of the Chickpeas Market. Olam Group entered a joint venture with a Middle Eastern processor to strengthen supply chains for plant-based protein demand. India introduced new export regulations to stabilize domestic prices amid weather-related harvest challenges. In Europe, a food tech company unveiled chickpea-based dairy alternatives, broadening applications beyond traditional foods. Australia reported record yields, thanks to improved farming technologies, boosting global export potential. These advancements illustrate how innovation and policy are reshaping market growth.
Scope of the Report
The scope of this report on the Chickpeas Market covers a detailed analysis of market trends, size, demand patterns, and competitive landscapes. It evaluates key drivers such as health awareness, sustainability, and technological innovations, alongside restraints like climate volatility and trade barriers. Regional insights highlight production and consumption hubs, while recent developments underscore the growing role of product diversification and supply chain resilience. With strong potential for expansion in both developed and emerging markets, the Chickpeas Market is set to play a pivotal role in meeting the rising global demand for nutritious, sustainable, and plant-based food solutions.
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