Global Chickpeas Market By Type ( Kabuli Chickpeas, Desi Chickpeas ), By Application( Supplier, Distributers, Retailer ), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2033

The Global Chickpeas Market was worth USD 20.58 Billion By 2023, it is forecast to grow to USD 31.93 Billion. This will result in a revenue CAGR of 5% during the forecast period. Garbanzo beans are also called chickpeas. They belong to the family of Fabaceae, and the subfamily Faboideae. There are two types of chickpeas that can be cultivated, Desi and Kabuli. The Indian subcontinent is home to the desi variety, while the Kabuli variety is found in West Asia and in the Mediterranean. Chickpeas can be considered a good source of carbohydrates and proteins. They also contain high amounts of dietary fiber and vitamins and minerals.

Growing Demand:

This market is driven by increased demand for chickpeas in food preparation activities in North Indian, Mediterranean, Middle Eastern, and Middle Eastern cuisines. Chickpeas can be used to make dips, curries, and other snacks. The forecast years will also see a rise in demand for chickpea products like chickpea flour. This trend will be further supported by the growing consumer demand for gluten-free alternatives to wheat flour.

Chickpeas Market Scope:

By Type, the market is segmented into Kabuli Chickpeas and Desi Chickpeas. By Application, the market is divided into Suppliers, Distributors, and Retailers.

Based on geography, the market is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East, and Africa. Major players profiled in the report include Wimmera Grain, Bean Growers, Arbel, Isik Tarim, JOVA Graneros, Mast Qalander, Indraprasth foods, and OLEGA.

Key Market Segments

Type

Kabuli Chickpeas
Desi Chickpeas

Application

Supplier
Distributers
Retailer

Key Market Players included in the report:

Wimmera Grain
Bean Growers
Arbel
Isik Tarim
JOVA Graneros
Mast Qalander
Indraprasth foods
OLEGA

Driving Factors:

The forecast period will see an increase in chickpea consumption through a variety of means, which will help boost the global chickpea industry. Due to increasing health awareness, consumers today are choosing protein-rich foods products. This further drives the demand for these products. Chickpeas can also be used to make texture protein, which is a trend that has been observable in vegetarian meat substitutes. Chickpeas are a low-cost food ingredient due to their high price and availability of richer proteins like soy. Other factors that are driving market growth include population growth, higher disposable income, and changing eating habits.

Restraining Factors:

Chickpeas will see a rise in demand due to the growing popularity of ready-to-eat meals and light snacks. Chickpeas have many health benefits including a high supply of antioxidants and better blood regulation. They also offer improved digestion. Chickpeas can be used in snacks all over the world, and even in salads. Market growth should be driven by lifestyle changes and increased awareness about healthy eating.

Chickpeas contain high levels of fiber, folic acid, zinc, and proteins. In Turkey, for example, “Leblebi”, a roasted salted chickpea dish, is consumed. In South Asia, chickpeas can be eaten primarily as snacks or curries. The global chickpea market will be boosted by increasing consumption of chickpeas, in all forms, during the forecast period. Chickpeas can also be used to make gluten-free and grain-free flour. They are rich in protein and dense dietary fiber. Chickpea flour is safe for people who are allergic to cereal-based flour.

These factors will all drive the Chickpeas market growth over the next decade. Market trends will be triggered by increased consumption in countries such as India, Turkey Bangladesh Nepal, Nepal, Bangladesh, and Bangladesh. This industry will see lucrative growth opportunities due to the increased consumption of the product among its workforce and the growing popularity of chickpeas in snack form. The crop’s performance and water supply are crucial. Even small amounts of precipitation can impact the global chickpea market.

Market Key Trends:

Chickpea Market Trends

According to our research experts, this section covers the main market trends that are shaping the Chickpea Market.

India: Increasing Production

India is the country with the highest Chickpea production. In recent years, the area under chickpea cultivation has seen a significant increase. According to data from Food and Agriculture Organization (FAO), India’s chickpea cultivation area was 9.6 million ha in 2017. This figure will increase to 10.9 million ha by 2020, according to FAO data. The market is expected to grow due to its high nutritional value.

The country is seeing an increase in chickpea production. According to FAO data, the country produced 9.3 million tonnes of chickpeas in 2017. This number will rise to 11.0 million tons by 2020, according to FAO data.

Recent Developments:

Beanitos, the best puff pastry, and the bean chip maker have been acquired by The Good Bean, a maker of roasted chickpea snacks. L Catterton, 2x Consumer Products Growth Partners, and BFY capital contributed to the acquisition. The financial terms of the transaction are still to be disclosed.

ChickP, an Israeli startup, believes its next-generation line of chickpea isolates may help chickpea dairy alternatives to grow into a rising star within the plant space.

Biena is not included in the American food company constellation. Banza and The Good Bean are also there, ready to make the chickpea a staple of the nation’s diet.

The 2018 planting of 5,000 hectares together in Mato Grosso by Artiaga is planned to be done by the Ferrari Agriculture branch in Campo Novo do Parecis. This branch has extensive experience in exporting popcorn.