Chickpeas Market by Type, Form, Application

List of Tables

The Chickpeas Market was valued at USD 6.80 billion in 2023, expected to reach USD 7.21 billion in 2024, and is projected to grow at a CAGR of 6.50%, to USD 10.57 billion by 2030.

The scope of the market for chickpeas, also known as garbanzo beans, includes their use as a staple food and raw ingredient in health-conscious and plant-based diets. The necessity of chickpeas lies in their high nutritional value, offering a rich source of protein, fiber, vitamins, and minerals. As global populations become increasingly health-aware, chickpeas find versatile applications in products such as hummus, snacks, canned goods, and flour alternatives, broadening their end-use in myriad food formats. Market growth is predominantly driven by increasing demand for plant-based proteins, the global vegan movement, and the growing trend towards sustainable agriculture. Additionally, the rise in health disorders like diabetes and obesity propels demand for low-glycemic and high-fiber diets, further favoring chickpea markets. Latest industry opportunities include expanding use in gluten-free product lines and meat substitutes, agricultural advancements to increase yield and adaptability, and tapping into emerging markets in Asia and Africa where demand is burgeoning. However, growth is hindered by challenges such as susceptibility to climate change, water usage concerns in cultivation, and price volatility due to dependency on a few major production regions like India and Australia. The chickpea market presents lucrative innovation opportunities in the development of genetically engineered drought-resistant strains, cutting-edge processing technologies to enhance nutrient retention, and novel product formulations such as ready-to-eat meals catering to the convenience-driven consumer segment. Insight into the market reveals a moderately competitive landscape, with significant potential in niche markets focusing on organic and non-GMO offerings. Companies aiming for business growth should consider forming strategic collaborations across the supply chain, investing in marketing initiatives to highlight health benefits, and exploring ingredient diversification to reduce production risk tied to geographic concentration. Continuing shifts in consumer preferences and environmental factors will greatly influence the strategic directions of players in the market.

KEY MARKET STATISTICS
Base Year [2023]	USD 6.80 billion
Estimated Year [2024]	USD 7.21 billion
Forecast Year [2030]	USD 10.57 billion
CAGR (%)	6.50%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Chickpeas Market

The Chickpeas Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Increasing consumer shift toward healthier and plant-based diets
- Rising popularity of Middle Eastern and Indian cuisines, where chickpeas are a staple
Market Restraints
- Concerns associated with food adulteration
Market Opportunities
- Advancements in cultivation and production technologies
- Ongoing research and development in chickpea varieties
Market Challenges
- Unpredictable weather patterns and supply chain disruption

Porter's Five Forces: A Strategic Tool for Navigating the Chickpeas Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Chickpeas Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Chickpeas Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Chickpeas Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Chickpeas Market

A detailed market share analysis in the Chickpeas Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Chickpeas Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Chickpeas Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Chickpeas Market

A strategic analysis of the Chickpeas Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Chickpeas Market, highlighting leading vendors and their innovative profiles. These include AGRANA Beteiligungs-AG, AGT Food and Ingredients Inc., Arbel by AGT Food and Ingredients Inc., Archer Daniels Midland Company, Ardent Mills, Bean Growers Australia Ltd., Brindisa Ltd., BroadGrain Commodities, Inc., Dhanhar Exim Pvt. Ltd., Dhaval Agri Exports LLP., George DeLallo Company, Inc., Olam Agri Holdings Pte Ltd., OLEGA S.A., Palouse Brand, Raviraj Group, Siva Parvathi Seeds, Teasdale Latin Foods, The Chickpea Company, VAD Industries Pvt. Ltd., and Woods Holding Group Pty Ltd..

Market Segmentation & Coverage

This research report categorizes the Chickpeas Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Type, market is studied across Desi Chickpeas, Green Chickpea, and Kabuli Chickpea.
Based on Form, market is studied across Canned, Dried, Fresh, and Frozen.
Based on Application, market is studied across Delicacies, Dips, Direct Consumption, and Snacks.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-5D693B46C00F

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing consumer shift toward healthier and plant-based diets
  - 5.1.1.2. Rising popularity of Middle Eastern and Indian cuisines, where chickpeas are a staple
- 5.1.2. Restraints
  - 5.1.2.1. Concerns associated with food adulteration
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements in cultivation and production technologies
  - 5.1.3.2. Ongoing research and development in chickpea varieties
- 5.1.4. Challenges
  - 5.1.4.1. Unpredictable weather patterns and supply chain disruption
5.2. Market Segmentation Analysis
- 5.2.1. Type: Increasing demand for kabuli chickpeas due to their use in diverse culinary traditions worldwide
- 5.2.2. Application: Growing applications in dips owing to their ideal textural properties and nutritional value
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Chickpeas Market, by Type

6.1. Introduction
6.2. Desi Chickpeas
6.3. Green Chickpea
6.4. Kabuli Chickpea

7. Chickpeas Market, by Form

7.1. Introduction
7.2. Canned
7.3. Dried
7.4. Fresh
7.5. Frozen

8. Chickpeas Market, by Application

8.1. Introduction
8.2. Delicacies
8.3. Dips
8.4. Direct Consumption
8.5. Snacks

9. Americas Chickpeas Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Chickpeas Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Chickpeas Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. HIPPEAS launched Chickpea Puffs in Vegan White Cheddar Explosion and Blazin' Hot Flavors
- 12.3.2. ICAR Launched Resilient and High-Yielding Black Chickpea Varieties, KBC-2 and KBC-3
- 12.3.3. Symrise launched Chickpea-Based Ingredients to Enhance Flavor and Texture in Plant-Based Foods
12.4. Strategy Analysis & Recommendation

Companies Mentioned

1. AGRANA Beteiligungs-AG
2. AGT Food and Ingredients Inc.
3. Arbel by AGT Food and Ingredients Inc.
4. Archer Daniels Midland Company
5. Ardent Mills
6. Bean Growers Australia Ltd.
7. Brindisa Ltd.
8. BroadGrain Commodities, Inc.
9. Dhanhar Exim Pvt. Ltd.
10. Dhaval Agri Exports LLP.
11. George DeLallo Company, Inc.
12. Olam Agri Holdings Pte Ltd.
13. OLEGA S.A.
14. Palouse Brand
15. Raviraj Group
16. Siva Parvathi Seeds
17. Teasdale Latin Foods
18. The Chickpea Company
19. VAD Industries Pvt. Ltd.
20. Woods Holding Group Pty Ltd.