According to IMARC Group’s latest report, titled “Chickpea Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ the global chickpeas market reached a volume of 18.7 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 25.1 Million Tons by 2027, exhibiting a CAGR of 5.03% during 2022-2027.
Chickpeas are a type of legumes or garbanzo beans belonging to the Fabaceae family. They are cultivated in two distinctive styles, namely Kabuli and desi. Amongst these, desi chickpea is grown in the Indian subcontinent, whereas Kabuli is produced in West Asia and the Mediterranean region. Chickpeas offer several health benefits, including minimizing the risk of several chronic diseases, maintaining muscle health, aiding weight management, improving digestion, and stabilizing blood sugar levels. Consequently, they are extensively incorporated in several spreads, dips, soups, and sauces.
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Global Chickpeas Market Trends:
The shifting consumer inclination towards chickpeas as a preferred source of dietary protein, especially among the vegetarian and vegan population, is primarily driving the market growth. This is further supported by the rising health consciousness and awareness about the several health benefits of the product, which has led individuals to incorporate it into their daily diets. Moreover, rapid urbanization and globalization have enhanced the popularity of diversified ethnic cuisines mainly made from chickpeas, which is acting as another growth-inducing factors. Apart from this, the extensive product utilization in various ready-to-eat (RTE) and processed foods, in confluence with their easy availability in hypermarkets and supermarkets, are creating a positive outlook for the market.
Competitive Landscape with Key Players:
- Adani Wilmar Limited (AWL)
- Cargill Foods India
- AGT Food and Ingredients, Inc.
- BroadGrain Commodities, Inc.
Breakup by Region:
- India
- Australia
- Pakistan
- Myanmar
- Ethiopia
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Size
- Market Growth
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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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