PUBLISHER: Global Insight Services | PRODUCT CODE: 1632865
PUBLISHER: Global Insight Services | PRODUCT CODE: 1632865
The chickpeas market is expected to expand from $5.1 billion in 2024 to $9.2 billion by 2034, with a compound annual growth rate (CAGR) of 5.7%.
The chickpeas market encompasses the global production, processing, and distribution of chickpeas, a nutrient-rich legume valued for its versatility and health benefits. This market includes various forms such as dried, canned, and flour, catering to diverse culinary applications and dietary preferences. Driven by increasing demand for plant-based proteins and Mediterranean diets, the market reflects trends in health-conscious consumption and sustainable agriculture, with significant growth potential in emerging economies and innovations in chickpea-based products.
The chickpeas market is witnessing robust growth, driven by increasing consumer preference for plant-based proteins and healthy diets. The dried chickpeas segment leads the market, owing to its versatility in culinary applications and long shelf life. Processed chickpeas, such as canned and roasted variants, are the second-highest performing sub-segment, reflecting convenience trends in urban lifestyles. Regionally, Asia-Pacific dominates the market, attributed to high production and consumption rates in India and Pakistan. North America follows, with substantial growth in the United States, fueled by the rising popularity of Mediterranean and Middle Eastern cuisines. The European market is also expanding, with the United Kingdom and Germany showing significant demand due to the increasing adoption of vegetarian and vegan diets. Innovations in chickpea-based products, such as snacks and dairy alternatives, are further propelling market expansion and presenting lucrative opportunities for stakeholders in the industry.
In 2023, the global chickpeas market volume was estimated at 15 million metric tons, with an anticipated growth to 22 million metric tons by 2033. The desi chickpeas segment dominates the market, holding a 55% share, while the kabuli chickpeas segment accounts for 45%. This segmentation is driven by regional dietary preferences and the nutritional benefits of chickpeas. India remains the largest producer and consumer, contributing significantly to the market volume. Other key regions include Australia and Turkey, which are major exporters. The increasing demand for plant-based proteins further propels the market, with chickpeas serving as a primary source.
The competitive landscape is shaped by major players like AGT Food and Ingredients, and The Wimmera Grain Company. These companies are focusing on expanding their production capacities and distribution networks. Regulatory influences, such as import tariffs and food safety standards, impact market dynamics, especially in Europe and North America. The market is poised for expansion, driven by innovations in chickpea-based products and rising health consciousness among consumers. However, challenges such as climate change and fluctuating commodity prices present potential risks. Emphasis on sustainable farming and advanced processing technologies is likely to unlock new opportunities in the chickpeas market.
The Asia Pacific region dominates the chickpeas market, primarily due to high consumption in India and Pakistan. These countries are significant producers and consumers, driven by traditional dietary preferences. The region's focus on increasing agricultural productivity and supporting local farmers enhances market growth. Government initiatives also play a crucial role in boosting production and export capabilities.
North America, particularly the United States, shows substantial growth in the chickpeas market, driven by increasing demand for plant-based protein. The region benefits from advanced agricultural techniques and a growing trend toward healthy eating. Innovations in food processing and product development further support market expansion.
Europe exhibits a steady growth trajectory in the chickpeas market, with countries like Italy and Spain leading consumption. The region's emphasis on healthy and sustainable food choices fuels demand. Additionally, chickpeas are gaining popularity in the vegan and vegetarian segments, contributing to market growth.
The Middle East and Africa region also contribute significantly to the chickpeas market. Traditional culinary practices drive demand, and local production is supported by favorable climatic conditions. Export opportunities are expanding, particularly towards European markets, enhancing the region's market presence.
Glanbia, AGT Food and Ingredients, Olam International, The Scoular Company, Sun Opta, Columbia Grain International, Pulses Splitting and Processing Industry, Great Northern Ag, Blue Ribbon Grain and Pulses, Arbel, Ceres Global Ag Corp, Ecovinal, Simpson Seeds, Maviga, Kira Foods, Sardari Group, Isik Tarim, Legumex Walker, Diefenbaker Spice and Pulse, Beyers
U.S. Department of Agriculture - Economic Research Service, Food and Agriculture Organization of the United Nations, European Commission - Agriculture and Rural Development, International Crops Research Institute for the Semi-Arid Tropics, Indian Council of Agricultural Research, United Nations Conference on Trade and Development, Australian Bureau of Agricultural and Resource Economics and Sciences, International Center for Agricultural Research in the Dry Areas, World Bank - Agriculture and Food, International Food Policy Research Institute, International Grains Council, Grain Legumes and Dryland Cereals Research Platform, International Center for Tropical Agriculture, Global Pulse Confederation, International Year of Pulses (UN FAO Event), Legume Society, World Pulses Day (UN FAO Event), International Conference on Pulses, International Conference on Legume Genetics and Genomics, Global Forum for Innovations in Agriculture
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