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.
What is Chickpeas?
Chickpeas, scientifically known as cicer arietinum, are a versatile and nutrient-rich legume. These round, beige-colored pulses are a staple in many cuisines. Chickpeas are defined by their distinctive nutty flavor and firm texture. They are a rich source of essential nutrients, boasting high protein content, dietary fiber, and essential minerals like iron, manganese, and folate. This makes them a favored choice for vegetarians and vegans, contributing to a balanced diet. One of their prominent features is their adaptability to diverse culinary applications. Whether used in soups, stews, salads, or ground into flour for various dishes, chickpeas offer a satisfying and hearty addition to meals. Additionally, they have a remarkable ability to absorb flavors, making them a versatile ingredient in global cuisines.
Global Chickpeas Market Trends:
The upward trend towards natural and organic products is a significant driver for the burgeoning chickpea market. Much like pumpkin seed oil, chickpeas are available across a variety of price points, making them an affordable option for a broad spectrum of consumers, thus stimulating market growth. In terms of technological advancements, improvements in cultivation methods and processing technologies have resulted in higher-quality chickpeas, which in turn boosts market demand. Chickpeas are also gaining prominence in the emerging markets for specialty and health foods, further enriching their market potential.
With the increasing reach of online platforms that specialize in health and wellness products, chickpeas have become even more accessible to consumers worldwide, facilitating market expansion. Furthermore, in alignment with the shift towards holistic and alternative healthcare, chickpeas are receiving greater attention for their numerous health benefits, such as protein content and fiber, thereby creating a positive market outlook. Additional elements like regulatory endorsements for natural products, ongoing scientific research supporting the health benefits of chickpeas, and growing consumer awareness around eco-friendly and sustainable options are collectively fortifying the chickpea market globally.
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Chickpeas Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global chickpeas market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Adani Wilmar Limited (AWL)
- Cargill Foods India
- AGT Food and Ingredients, Inc.
- BroadGrain Commodities, Inc.
Key Market Segmentation:
The report has segmented the chickpeas market on the basis of region.
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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