PUBLISHER: Value Market Research | PRODUCT CODE: 1542485
PUBLISHER: Value Market Research | PRODUCT CODE: 1542485
The global demand for Chickpea Market is presumed to reach the market size of nearly USD 38.99 Billion by 2032 from USD 19.62 Billion in 2023 with a CAGR of 7.93% under the study period 2024-2032.
Chickpeas or garbanzo beans are widely consumed across various cuisines. They are characterized by their round, beige-colored seeds and nutty flavor. These beans are a rich protein source, vitamins, fiber, and minerals, making them a staple in vegetarian and vegan diets. They are used in various dishes, including soups, salads, and traditional foods like hummus and falafel. Cultivated in many regions worldwide, chickpeas thrive in arid and semi-arid climates. Their cultivation supports sustainable agriculture by enhancing soil health through nitrogen fixation. The global demand for chickpeas is driven by their nutritional benefits and versatility in cooking, contributing to their significance in the food market.
The chickpea market is experiencing robust growth driven by the increasing consumer preference for plant-based diets and protein sources. Chickpeas are a great source of plant-based protein, making them highly desirable for vegetarian and vegan diets. This trend towards healthier eating habits and sustainable food choices fuels the demand for chickpeas globally. Additionally, the propelling awareness of the health benefits of chickpeas, such as their high fiber content and low glycemic index, further boosts market growth. As consumers become more health-conscious, they seek out nutrient-dense foods like chickpeas, contributing to an expanded market.
Technological advancements in chickpea cultivation and processing also present significant opportunities. Innovations such as improved crop varieties and efficient processing techniques enhance yield and quality, making chickpeas more accessible and affordable. Furthermore, the development of value-added products, such as chickpea flour and snacks, creates new market segments and attracts diverse consumer groups. Growing awareness of environmental sustainability supports the market as well. Chickpeas contribute to sustainable agriculture practices by improving soil fertility through nitrogen fixation. This aligns with the rising emphasis on eco-friendly farming practices and reducing carbon footprints. However, fluctuations in chickpea prices and supply chain disruptions may hinder market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Chickpea. The growth and trends of Chickpea industry provide a holistic approach to this study.
This section of the Chickpea market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Chickpea market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Chickpea market include Agrana Group, Archer Daniel Midland (ADM) Company, Cargill Inc., Abbott Blackstone, Adascan Grain, AGT Food And Ingredients Inc., BroadGrain Commodities Inc., The Wimmera Grain Co. Pty Ltd., Bean Growers Australia Limited Market, OLEGASA., ATC Group India, Cono Group, Roland Foods, Olam Agri, Ardent Mills. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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