Analysis of Chickpeas Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global chickpeas market is currently valued at US$ 11.45 billion and is forecasted to climb to a size of US$ 20.12 billion by 2033-end. Worldwide chickpea consumption by value is predicted to rise at 5.8% CAGR over the next ten years, thereby providing an absolute dollar growth of US$ 8.67 billion.
Chickpeas have gained massive popularity in recent years as a preferred source of plant protein, which is a factor that is projected to augment market development over the next ten years as well. Chickpeas are legumes that are popularly known as chana, Bengal gram, garbanzo, or garbanzo beans in different parts of the world.
Chickpeas are part of several Mediterranean, Indian, and Middle Eastern dishes and these cuisines have been gaining popularity around the world, which is slated to uplift shipments of chickpeas going forward. The surging use of chickpeas in processed food manufacturing, increasing globalization, growing prevalence of celiac disease and gluten intolerance, and rising popularity of veganism are other prospects that boost demand for chickpeas across the forecast period.
Growing focus on health and fitness has bolstered the demand for plant-based food alternatives that are more nutritious and healthy as compared to their existing traditional counterparts.
| Report Attributes | Details |
|---|---|
| Chickpeas Market Size (2023) | US$ 11.45 Billion |
| Projected Market Value (2033F) | US$ 20.12 Billion |
| Global Market Growth Rate (2023 to 2033) | 5.8% CAGR |
| United States Market Value (2033F) | US$ 4.06 Billion |
| Japan Market Growth Rate (2023 to 2033) | 3.4% CAGR |
| United Kingdom Market Value (2033F) | US$ 2.09 Billion |
| China Market Value (2033F) | US$ 2.29 Billion |
| India Market Growth Rate (2023 to 2033) | 6.3% CAGR |
| Key Companies Profiled | OLEGA S.A.; Sanwa Pty. Ltd.; Bean Growers Australia Limited; Indraprasth Foods Ltd.; Alberta Pulse Growers Commission; The Wimmera Grain Co. Pty Ltd.; AGT Food & Ingredients Inc.; Mast Qalander Traders |
“Rising Popularity of Veganism and Growing Demand for Chickpea Protein”
Incoming chickpea suppliers are focusing on diversifying their business by experimenting with chickpea protein and making unique chickpea products to create a name for themselves in the global marketplace. Aspiring chickpea suppliers are expected to focus on the surging popularity of veganism and plant-based diets, which is projected to create new opportunities over the coming years.
Some new chickpea manufacturers are also focusing on creating new strains and varieties of chickpeas that are more nutritious and contain more protein to benefit from surging demand for plant-based protein products.
A detailed and exhaustive analytical account of factors such as product standards, safety regulations, pricing trends, and new developments, which sheds light on how way start-ups operate and expand their business scope has been mentioned in this revised chickpeas market survey by skilled analysts at Fact.MR, a market research and competitive intelligence provider.
“Increasing Chickpea Production and Supportive Government Initiatives Creating Lucrative Setting for Chickpea Vendors”
Chickpea has been a staple in Indian cuisine for a long time now and is an essential source of protein for vegetarians and vegans in the country. A growing number of people opting for plant-based foods, government initiatives to promote chickpea production, and a rising focus on health are other aspects influencing chickpea consumption in India.
China is projected to emerge as a highly lucrative space for chickpea manufacturers owing to the growing adoption of plant-based diets, the rising popularity of different cuisines such as Mediterranean, Indian, and Middle Eastern, and the high demand for healthy snacks. Supportive government initiatives to increase agricultural output and exports are also slated to benefit chickpea suppliers in China through 2033.
“High Demand for Gluten-free Products and Rising Adoption of Plant-based Diets”
Rising prevalence of gluten intolerance and celiac disease in the United States has led to a high demand for gluten-free products, which in turn, is anticipated to benefit chickpea sales over the coming years. The presence of a diverse population in the country from all parts of the world is also predicted to favor the consumption of chickpeas going forward.
Surging popularity of Middle Eastern hummus, Indian curries, and Mediterranean salads among the people of the United States will create remunerative business scope for chickpea providers across the forecast period. The high availability of canned chickpeas, dried chickpeas, chickpea flour, and chickpea snacks in retail establishments in the country will also favor market growth over the coming years.
Increasing number of vegans and the growing availability of plant-based food products will not only benefit sales of chickpeas but also drive demand for vegetables, green lentils, soybeans, fava beans, etc. in the future.
“Popularity of Mediterranean Cuisine in European Countries”
Greece, Italy, France, and Spain are popular destinations for travelers coming to Europe and these countries are also known for their impeccable Mediterranean cuisine. Mediterranean cuisine involves the use of chickpeas and other plant-based ingredients and this is a prime prospect that is creating remunerative opportunities for chickpea vendors in the European region.
Surging popularity of veganism and increasing adoption of plant-based foods in countries such as the United Kingdom and Germany are also predicted to fuel market growth in Europe over the coming years. Chickpea pasta, chickpea snacks, organic chickpeas, and honey-roasted chickpeas are expected to be some popular products in European countries going forward.
“Kabuli Chickpeas - Most Sought-after Type of Chickpeas”
Based on fishing type, the chickpeas market is segmented into desi chickpeas and Kabuli chickpeas.
The high nutritional value of Kabuli chickpeas is a major factor contributing to their soaring demand and sales around the world. Moreover, the faster cooking time of Kabuli chickpeas makes them a preferred choice for consumers around the world.
“Bulk of Chickpeas to Be Consumed Directly”
Based on application, the chickpeas market is segmented into direct consumption, salads, snacks, hummus & tahini, sweets & desserts, and other applications.
The ready-to-eat nature of chickpeas makes them a favorite among consumers as a direct consumption snack on its own. The simple addition of some salt and spices can enhance the flavor of chickpeas drastically and make them more appealing for direct consumption, which is projected to favor growth in direct consumption applications over the coming years.
Chickpea suppliers are focusing on launching new chickpea-based products and satisfying the surging demand for plant protein around the world.
How big is the chickpeas market at present?
In 2023, the global chickpeas market accounts for a revenue of US$ 11.45 billion.
What is the estimated market value for 2033?
Chickpea sales are anticipated to reach US$ 20.12 billion by 2033.
What is the demand outlook for chickpeas for the decade?
Chickpea shipments are predicted to rise at 5.8% CAGR from 2023 to 2033.
Will the United States provide fertile grounds for chickpeas market expansion?
Demand for chickpeas in the United States is set to rake in a revenue of US$ 4.06 billion by the end of 2033.
Who are the prominent market players in this space?
Bean Growers Australia Ltd., OLEGA S.A., Sanwa Pty Ltd., and Indraprastha Foods Ltd. are leading chickpea suppliers.
How will sales of chickpeas fare in India?
Demand for chickpeas in India is predicted to rise at 6.3% CAGR and reach a value of US$ 2.55 billion by 2033-end.
Chickpeas Market