Chickpeas Market Size, Future Scenario, Growth Trends, Outlook and Research Report 2023-28
According to the latest report by IMARC Group, titled "Chickpeas Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global chickpeas market size reached 19.6 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 26.2 Million Tons by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.
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Chickpeas, also known as garbanzo beans, are legumes rich in protein, fiber, and various vitamins and minerals. They are particularly high in folate and iron, making them a beneficial addition to diets that may lack these essential nutrients. Chickpeas have gained attention for their role in plant-based diets, serving as an excellent source of protein for vegetarians and vegans. They are also lauded for their ability to aid in digestive health, thanks to their high fiber content. Chickpeas have a mild flavor and a starchy texture, making them incredibly versatile for culinary use, ranging from traditional hummus to plant-based meat substitutes.
Global Chickpeas Market Trends:
The rise of health-conscious consumers and the plant-based food movement is fueling the demand for chickpeas. They are frequently sought after as a protein-rich alternative to meat, acting as a key driver in the market. Furthermore, the increasing interest in global cuisines, where chickpeas are a staple, is expanding their popularity. Manufacturers are exploring chickpea-based products like pasta, flour, and even snacks, in an attempt to diversify applications and cater to consumer demands for nutritious and sustainable food options. Their role in promoting digestive health and aiding weight management has attracted a broad consumer base, thereby significantly contributing to market growth.
Moreover, chickpeas are increasingly being utilized in gluten-free products, providing a viable alternative to traditional grains and flours. Brands offering certified organic and non-GMO chickpea products are capturing consumer attention, further enhancing market growth. Chickpeas are available through a multitude of distribution channels, from grocery stores to online platforms, making them easily accessible to consumers. With rising awareness about sustainable farming practices, there is also a burgeoning market for chickpeas grown using environmentally responsible methods. Educational campaigns, often supported by health professionals, are informing the public of the health benefits of incorporating chickpeas into their diet, further bolstering market growth.
Who are the key players operating in the industry?
The report covers the major market players including:
- Adani Wilmar Limited (AWL)
- Cargill Foods India
- AGT Food and Ingredients, Inc.
- BroadGrain Commodities, Inc.
What is included in market segmentation?
The report has segmented the market into the following categories:
Regional Insights:
- India
- Australia
- Pakistan
- Myanmar
- Ethiopia
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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