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ChickPeas Market By Type (Kabuli Chickpeas And Desi Chickpeas), By Color (Yellow, Brown, Green And Red), By Distribution Channel (Distributors, Suppliers, Online Retailers And Offline Retailers), and By Region (North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and Reset of the World) – Global Industry Size, Share, Trends, Demand, and Competitor Revenue Analysis Forecast Report 2023-2028

Published: March, 2023
ID: 6022
Pages: 175
Formats: report pdf report excel report power bi report ppt

Chickpeas Market Size, Share, Growth (2023-2028)

Chickpeas Market size was valued at USD 13.16 million in 2023 and is likely to reach over USD 17.13 billion by 2028 with a CAGR of 5.40%.

Chickpeas Market Overview:

Chickpeas are legumes and belong to the legume family that is grown as seeds from the Cicer arietinum plant. They are also called Chana beans or Egyptian peas and are eaten mainly in countries in Asia and the Middle East. Chickpeas are considered foreign exchange-producing crops and therefore an important crop. The chickpea market has been fragmented at the supplier level in the supply chain. Chickpeas provide nutrients, vitamins, fiber and also increase the content of folic acid and manganese. Chickpea production requires well-drained soil that is best suited for high yields. It entails adequate ventilation to maintain quality in storage and should be controlled over some time to prevent spoilage. They are available in forked varieties based on color, flavor, and seed size. Light-colored chickpeas called Kabuli, and dark-colored peas called desi type are the most widely used in Indian cuisines. Kabuli chickpeas are expected to gain a high market share due to increased demand. The global chickpea market is supposed to grow in single digits during the forecast period.

REPORT METRIC

DETAILS

Market Size Available

2022-2028

Base Year

2022

Forecast Period

2023-2028

CAGR

5.40%

Fastest Growing Market

Asia Pacific Bottled Water Market

Largest Market

North America Bottled Water Market

Segments Analysed

By Type, By Color, and By Distributional Channels

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Analysed

North America, Europe, Asia Pacific, Latin America, Middle East, and Africa

Chickpeas Market Drivers:

Therefore, increasing chickpea consumption in various ways will boost the global chickpea market during the forecast period. Additionally, today's consumers are opting for protein-rich food products due to growing health awareness that further drives demand for the products. Along with the prevailing trend for vegetarian meat substitutes, chickpeas are also used to produce textured protein. Additionally, due to the high cost and limited availability of richer protein sources such as soy, chickpeas have become a low-cost food additive. Some of the other factors driving the market growth are population growth, increased disposable income, and changing eating habits. Looking to the future, the IMARC Group expects the market to show strong growth during 2020-2025.

Chickpeas Market Restraints

The massive preference for light ready-to-eat snacks and ready meals with high nutritional value will increase demand for chickpeas worldwide. Additionally, chickpeas offer many health benefits, including an ample supply of antioxidants, better blood regulation, and improved digestion. Chickpeas are used as snacks in many parts of the world and are even used in salads. Lifestyle changes and increased awareness of healthy eating should drive market growth during the forecast period.

Chickpeas are rich sources of fiber, folic acid, zinc, and protein. For example, in Turkey, roasted salted chickpeas are consumed in the form of "Leblebi" flavored with cloves, and in South Asia, chickpeas are consumed primarily as snacks and curries. Therefore, increasing the consumption of chickpeas in different forms will stimulate the global chickpea market during the forecast period.In addition, chickpeas are used to make gluten-free, grain-free flour, and are a rich source of protein and dense dietary fiber. People allergic to cereal-based flour can consume chickpea flour. All of these factors will drive overall Chickpeas market gains for the next decade. Other than that, increased consumption of the product in countries like India, Turkey, Bangladesh, Nepal and Pakistan will trigger market trends for the foreseeable future. The increased use of the product observed among the workforce, and the increasing popularity of chickpeas as a snack product will provide lucrative growth paths for the industry. However, the crop or its performance depends on efficient water supply, and small amounts of precipitation can have a negative impact on the growth of the global chickpea industry.

Recent Developments in the Chickpeas Industry:

  1. The Good Bean, the maker of roasted chickpea snacks, has acquired Beanitos, the best bean and puff pastry chip maker for you. The acquisition was made thanks to the investments of L Catterton, 2x Consumer Products Growth Partners, and BFY Capital. The financial terms of this transaction are yet to be disclosed.

  2. Israeli startup ChickP trusts its line of next-generation chickpea isolates might help chickpea-based dairy alternatives grow into a rising star in-plant space.         

  3. Biena falls below the constellation of American food companies, together with Banza and The Good Bean, which take sprung up around the chickpea in the latest years, ready to take part a global staple into the country's diets fully.

  4. In 2018, the Ferrari Agriculture branch in Campo Novo do Parecis, MT, which has experience in exporting popcorn and other agricultural products, is expected to jointly plant 5,000 hectares of chickpeas in Mato Grosso with Artiaga.

Chickpeas Market Regional Analysis:

  • North America (the United States and Canada)

  • Latin America (Mexico, Brazil, Rest Of Latin America)

  • Europe (Germany, Italy, France, U.K, Spain, Netherlands, BENELUX, Nordic countries, Russia, Rest Of Europe countries)

  • Asia Pacific (Japan, China, India, Korea, Singapore, Malaysia, and Rest of APAC)

  • Middle-East & Africa (Kingdom of Saudi Arabia, UAE, Middle East, and Arica)

In North America, the chickpea market is dominated by the United States (California) and Canada. In the United States, chickpea is produced primarily in the northwest region. Chickpea production in the country has increased dramatically in the past five years with 96,000 acres harvested in Montana, the state that produces the most. Being of high nutritional value, the awareness created for the consumption of healthy products should stimulate the Chickpeas market during the forecast period.

In the United States, for example, the area increased from 134,000 to 320,000 acres during the period 2001-2016. Kabul chickpeas continue to represent a high degree of acreage of American chickpeas. More than 70% of the chickpeas grown in the country are large types of chickpeas.

The European chickpeas market is assumed to grow at a moderate annual compound rate during the forecast period, where the contribution of EU5 countries dominates. Japan, Latin America, and the Middle-East & Africa Chickpeas market are foreseen to grow at an average CAGR during the projection period.

Chickpeas Market segmentation:

Based on Type:

  • Kabuli Chickpeas

  • Desi Chickpeas

Based on Color:

  • Yellow

  • Brown

  • Green

  • Red

Based on Distribution Channel:

  • Distributors

  • Suppliers

  • Online Retailers

  • Offline Retailers

Chickpeas Market Key Players:

  1. Wimmera Grain Company

  2. Arbel S.A

  3. Bean Growers

  4. Isik Tarim

  5. Urunleri Sanayi Ic Ve Dis Ticaret Ltd Sti

  6. JOVA Graneros S.A. de C.V

  7. Mast Qalander Group of Companies

  8. Indraprasth foods Ltd.

  9. R Young Seeds Inc

  10. OLEGA S.A.

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