IMARC Group, a leading market research company, has recently released a report titled "Chickpeas Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032". The study provides a detailed analysis of the industry, including the global chickpeas market trends, size, share and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global chickpeas market size reached 20.5 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 31.7 Million Tons by 2032, exhibiting a growth rate (CAGR) of 4.76% during 2024-2032.
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Factors Affecting the Growth of the Chick Peas Industry:
- Demand for Gluten-Free Alternatives:
The rising demand for gluten-free alternatives significantly drives the global chickpeas market. Gluten-free diets are increasingly popular among individuals with celiac disease, gluten sensitivity, or those opting for a gluten-free lifestyle for perceived health benefits. Chickpeas, being naturally gluten-free, present an ideal substitute for wheat-based products in various food applications. They are utilized in a wide array of gluten-free products, including flours, pastas, and baked goods, providing texture, flavor, and nutritional benefits without gluten. This growing consumer trend towards gluten-free foods has led manufacturers to innovate and expand their product lines to cater to this market segment. As gluten-free diets become more mainstream, the demand for chickpea-based alternatives continues to rise, encouraging food producers to explore and incorporate chickpeas into their offerings. Additionally, the increasing availability of gluten-free chickpea products in mainstream grocery stores enhances their accessibility and visibility to consumers, further driving market growth.
- Incorporation into Processed Foods:
The incorporation of chickpeas into processed foods is a significant driver of the global chickpeas market. Chickpeas are increasingly used in a variety of processed food products, such as snacks, protein bars, and ready-to-eat meals, due to their versatility and nutritional profile. Their high protein and fiber content makes them an attractive ingredient for enhancing the nutritional value of processed foods. For instance, chickpea flour is commonly used in baking to improve the texture and protein content of bread and pastries. The trend towards healthier snacking has led to the development of chickpea-based snacks like roasted chickpeas, which offer a nutritious alternative to traditional snack options. Moreover, the convenience of ready-to-eat meals and the growing demand for quick, nutritious options align with the use of chickpeas in meal kits and pre-packaged foods. As consumer preferences shift towards healthier and more convenient food choices, the incorporation of chickpeas into processed foods supports market expansion and innovation, appealing to a broad range of health-conscious consumers.
- Growing Investments in Research and Development:
Growing investments in research and development (R&D) are pivotal to the expansion of the global chickpeas market. R&D efforts are focused on enhancing chickpea varieties to improve yield, disease resistance, and adaptability to varying climatic conditions. Advances in agricultural technology, such as genetic modification and breeding techniques, are being employed to develop chickpea varieties with higher nutritional content and better growth characteristics. These innovations contribute to increased productivity and sustainability in chickpea cultivation. Additionally, R&D is driving improvements in chickpea processing methods, which enhances product quality and extends shelf life. Research into new applications and formulations involving chickpeas, such as novel food products and functional ingredients, is also expanding market opportunities.
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Chick Peas Market Report Segmentation:
Regional Insights:
- India
- Australia
- Pakistan
- Myanmar
- Ethiopia
India was the largest market for chickpeas due to its status as both the world's leading producer and consumer of chickpeas, driven by its extensive use in traditional diets and culinary practices.
Global Chick Peas Market Trends:
The global chickpeas market is driven by multiple factors contributing to its significant growth and expansion, such as the growing popularity of ethnic cuisines, particularly Middle Eastern, Indian, and Mediterranean, where chickpeas are a key ingredient, has expanded their global reach. The food processing industry also plays a crucial role, with chickpeas being used in a variety of products like hummus, snacks, and gluten-free foods. Economic factors, such as the relative affordability of chickpeas compared to other protein sources, contribute to their widespread consumption. Agricultural innovations and improved farming practices have led to higher yields and better-quality chickpeas, supporting market supply. Trade liberalization policies and international trade agreements facilitate the global exchange of chickpeas, enhancing market accessibility.
Top Companies Operated in Chickpeas Industry:
- Adani Wilmar Limited (AWL)
- Cargill Foods India
- AGT Food and Ingredients, Inc.
- BroadGrain Commodities, Inc.
Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you require any specific information that is not covered currently within the scope of the report, we will provide the same 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.
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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