Global Chickpeas Market Prospects and Estimations Forecasted during 2017-2022

Offering numerous health benefits and a source of protein, chickpeas offer nutrients. Manufacturers of processed foods are increasingly using chickpeas in enhancing the taste of products such as dips, sauces, spreads, soups, etc. Chickpeas are also being used in various dishes, especially in Indian cooking. With increasing number of people becoming health conscious, chickpeas are being added to salads. Manufacturers are also introducing chickpeas in various forms like baked, canned or boiled chickpeas, offering convenience. This report, published by Fact.MR, provides in-depth analysis of the global chickpeas market for the forecast period 2017-2022, and offers key insights about future market direction.

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Scope

The scope of Fact.MR’s report is to analyze the global chickpeas market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Chickpeas manufacturers, stakeholders, and suppliers in the global food & beverage sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to chickpeas.

In order to offer readers with up-to-date information about the latest advancements in the global chickpeas market, the report provides updates about market opportunities, which can benefit leading manufacturers of chickpeas. With continuous evolution of the food & beverage sector, keeping a record of latest developments and trends is fundamental for chickpeas manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.

The Fact.MR report provides in-depth and segment-wise analysis on the global chickpeas market. The global market for chickpeas is segmented on the basis of product type, form, application, and region. The segmentation also offers detailed country-wise analysis on all the major parameters of chickpeas market.

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Forecast Highlights on Global Chickpeas Market

1- Asia Pacific Excluding Japan (APEJ) is expected to remain dominant in the global chickpeas market. By the end of 2022, APEJ chickpeas market is estimated to reach nearly US$ 5,000 million revenue. In APEJ region, India is one of the largest producer of chickpeas, followed by Australia, Pakistan, China, etc. hence, the region accounts for the largest share in the global chickpeas market.

2- North America is also expected to emerge as the biggest market for chickpeas. Chickpeas are consumed in various forms as food items. In North America, canned chickpeas are consumed on a large scale with salads. Chickpeas are also available in form of dry chickpeas and ground flour to be used in baking.

3- Compared to Kabuli chickpeas, desi chickpeas are expected to be one of the highly-preferred product. Desi chickpeas are estimated to reach nearly US$ 6,600 million revenue by the end of 2022.

4- Dried chickpeas are expected to be one of the most favored forms of chickpeas. By the end of 2017, dried chickpeas are estimated to account for nearly half of the market share. Dried chickpeas are also estimated to create more than US$ 1,000 million incremental opportunity during 2017-2022. Meanwhile, fresh/green chickpeas are also expected to witness growth during the forecast period.

5- Direct consumption of chickpeas is expected to be the highest compared to other applications. Direct consumption of chickpeas is estimated to reach close to US$ 3,600 million revenue by the end of 2022.

Competition Tracking

The report also profiles companies that are expected to remain active in the expansion of global chickpeas market through 2022, which include Bean Growers Australia Limited, The Wimmera Grain Co., Pty Ltd, AGT Food & Ingredients, Inc., OLEGA S.A., Alberta Pulse Growers Commission, Indraprasth Foods Ltd, Mast Qalander Traders, and Sanwa Pty. Ltd.

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This release was published on openPR.