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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Chickpeas Market Analysis by Region
The Asia Pacific is one of the leading regional markets for chickpeas due to large production levels
The market in the Asia Pacific is currently being driven by a high demand especially from the developing countries where chickpeas are valued for their nutritional benefits and are being used as a supplement of protein and energy. India is the largest producer of desi and kabuli chickpeas, accounting for almost 70% of the total production in 2018, followed by Australia, Pakistan, and Myanmar. Furthermore, the presence of a large vegan and vegetarian population contributes to the demand for chickpeas and thus, helps increasing the chickpeas market share in the region.
In North America, the United States and Canada are the dominant players, with the United States leading in production, especially in California and Montana. The market growth in North America is driven by the high nutritional value of chickpeas and the increasing awareness of healthy food consumption among consumers. Factors influencing chickpea prices in the region include weather conditions, crop yields, global demand, trade policies, and market trends. Notable developments in the North American market include The Good Bean's acquisition of Beanitos and ChickP's innovative chickpea isolates.
Chickpeas Market Report Snapshots
Chickpeas Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the chickpeas market attained a volume of nearly 13.90 million tonnes.
The market is expected to grow at a CAGR of 1.3% between 2024 and 2032.
The growth of the market is driven by factors like rising awareness of health benefits of the product, including maintenance of sugar level in the human body, increasing disposable incomes, growing population growth, and shifting dietary patterns.
Key trends aiding market expansion include the emerging demand for vegetarian meat substitutes, use of chickpeas to produce textured protein, and increasing demand for plant-based proteins.
Chickpeas are rich in protein, fibre, vitamins (such as folate and vitamin B6), and minerals (such as iron, magnesium, and potassium). They have been linked to various health benefits, including improved digestion, heart health, and blood sugar control.
Chickpeas are grown in various regions globally, with major producers and exporters including countries like India, Pakistan, Turkey, Australia, Canada, and the United States.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Key players in the market are AGT Food and Ingredients, BroadGrain Commodities, Inc., and The Wimmera Grain Store, among others.
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