Chickpeas Market Outlook:
According to a new report by Expert Market Research titled “Global Chickpeas Market Size, Share, Analysis, Report, Demand, Forecast 2023-2028″, the global chickpeas market was valued at USD 13.72 million tons in 2022 and is expected to growing at a CAGR of 1.3% during the forecast period from 2023 to 2028. The increasing demand for chickpeas as a healthy snack and the growing use of chickpeas in the food and beverage industry are driving the growth of the market. Chickpeas are becoming increasingly popular among health-conscious consumers as they are a rich source of protein, fiber, and other essential nutrients.
Chickpeas, also known as garbanzo beans, are a popular legume that is widely consumed across the globe. They are an excellent source of protein, fiber, and essential minerals such as iron, phosphorus, and zinc. Chickpeas are consumed in various forms such as whole, roasted, ground into flour, or as an ingredient in various dishes such as hummus, falafel, and salads. The chickpeas market is driven by factors such as increasing consumer awareness regarding the health benefits of chickpeas, the rising demand for plant-based protein sources, and the increasing use of chickpeas in the food industry.
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Growth Drivers of the Chickpeas Market:
Increasing Consumer Awareness Regarding the Health Benefits of Chickpeas: Chickpeas are a rich source of protein, fiber, and essential minerals, and they offer several health benefits such as weight management, improved digestion, and reduced risk of chronic diseases such as diabetes and heart diseases. The increasing consumer awareness regarding the health benefits of chickpeas is driving the growth of the market.
Rising Demand for Plant-Based Protein Sources: The rising demand for plant-based protein sources is another key driver of the chickpeas market. Chickpeas are an excellent source of protein and are becoming increasingly popular among vegetarians and vegans as a meat substitute.
Increasing Use of Chickpeas in the Food Industry: Chickpeas are used in various forms such as whole, roasted, ground into flour, or as an ingredient in various dishes such as hummus, falafel, and salads. The increasing use of chickpeas in the food industry is driving the growth of the market.
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Market Analysis of the Chickpeas Market:
The chickpeas market is segmented based on product type, application, and distribution channel.
Product Type: The chickpeas market is segmented into Desi and Kabuli based on product type. Kabuli chickpeas are larger in size, have a lighter color, and are used primarily for salads and hummus. Desi chickpeas are smaller in size, have a darker color, and are used primarily for making soups and stews.
Application: The chickpeas market is segmented into food and beverage and animal feed based on application. Chickpeas are widely used in the food and beverage industry for making hummus, falafel, salads, and soups. They are also used in animal feed as a protein source.
Distribution Channel: The chickpeas market is segmented into supermarkets/hypermarkets, convenience stores, online stores, and others based on distribution channel.
Regional Analysis of the Chickpeas Market:
Chickpeas, also known as garbanzo beans, are a popular legume that is widely cultivated and consumed around the world. They are rich in protein, fiber, and essential nutrients, making them an important part of many diets. Chickpeas are used in a variety of culinary applications, including soups, salads, curries, and hummus.
The global chickpeas market is expected to grow significantly over the forecast period of 2023-2028. This growth is attributed to several factors, including the increasing demand for healthy food options, the rising popularity of vegan and vegetarian diets, and the growing awareness of the health benefits associated with consuming chickpeas.
Regionally, the chickpeas market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
North America is one of the largest markets for chickpeas, owing to the high demand for plant-based protein sources and healthy snack options. The United States is the largest producer and consumer of chickpeas in North America. The demand for chickpeas in the region is expected to increase due to the growing popularity of vegan and vegetarian diets and the increasing health consciousness among consumers.
Europe is also a significant market for chickpeas, with countries such as Spain, Italy, and Greece being major producers and consumers of chickpeas. The demand for chickpeas in Europe is driven by the growing popularity of plant-based diets and the increasing awareness of the nutritional benefits of chickpeas.
Asia-Pacific is expected to be the fastest-growing market for chickpeas, owing to the high demand for chickpeas in countries such as India, Pakistan, and Bangladesh, where they are a staple food. The increasing disposable income and changing dietary habits of consumers in the region are also driving the demand for chickpeas.
South America is a significant market for chickpeas, with countries such as Argentina and Peru being major producers and exporters of chickpeas. The growing demand for chickpeas in the region is driven by the increasing consumption of plant-based proteins and the popularity of chickpea-based dishes such as hummus.
The Middle East & Africa is also a significant market for chickpeas, with countries such as Turkey, Syria, and Egypt being major producers and consumers of chickpeas. The high consumption of chickpeas in the region is attributed to the popularity of traditional dishes such as falafel and hummus.
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