Chickpeas Market Share & Market Analysis - Growth Trends & Forecasts for period from (2024 - 2031)

In the "Chickpeas market", the main focus is on keeping costs low and getting the most out of resources. Market research provides details on what people want (demand) and what's available (supply). This market is expected to grow by 14%% each year, from 2024 to 2031.

Chickpeas Market Outlook

Chickpeas, also known as garbanzo beans, are a type of legume that is widely consumed for its nutritional benefits and versatility in cooking. The global Chickpeas Market is witnessing significant growth due to the increasing awareness about the health benefits of chickpeas, such as high fiber content, protein, vitamins, and minerals.

The current outlook of the Chickpeas Market is positive, with a growing demand for plant-based protein sources and vegan-friendly food options. The market is expected to grow at a CAGR of 14% during the forecasted period (2024 - 2031), driven by factors such as changing dietary preferences, rising disposable incomes, and the increasing popularity of Mediterranean and Middle Eastern cuisines.

Furthermore, the latest market trends indicate a growing demand for organic and non-GMO chickpeas, as consumers become more conscious about the quality and origins of their food. Additionally, the rising popularity of chickpea-based products such as hummus, chickpea flour, and chickpea snacks is also contributing to the market growth.

Overall, the future of the Chickpeas Market looks promising, with opportunities for expansion and innovation in product development and marketing strategies to cater to the evolving consumer preferences and trends.

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Chickpeas Market Segmentation

The Chickpeas Market Analysis by types is segmented into:

• Kabuli Chickpeas
• Desi Chickpeas

Both Kabuli chickpeas and Desi chickpeas are two main types of chickpeas found in the market. Kabuli chickpeas are larger in size, have a smooth coat, and are commonly used in salads and stews. On the other hand, Desi chickpeas are smaller, have a rough coat, and are often used in Indian and Middle Eastern cuisine. Both types have their own unique flavor and texture, making them popular choices in various dishes worldwide.

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The Chickpeas Market Industry Research by Application is segmented into:

• Supplier
• Distributers
• Retailer

The chickpeas market application serves as a platform for suppliers, distributors, and retailers to connect and conduct business in the chickpeas industry. Suppliers can showcase their products, distributors can source bulk quantities, and retailers can purchase chickpeas for resale. This application streamlines the buying and selling process, making it easier for all parties involved to access a wide range of chickpea products and efficiently conduct transactions.

Geographical Regional Spread of Chickpeas Market

North America:

• United States
• Canada

Europe:

• Germany
• France
• U.K.
• Italy
• Russia

Asia-Pacific:

• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia

Latin America:

• Mexico
• Brazil
• Argentina Korea
• Colombia

Middle East & Africa:

• Turkey
• Saudi
• Arabia
• UAE
• Korea

The regional analysis of the chickpeas market covers various key regions around the world, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

In North America, the United States and Canada are important markets for chickpeas consumption. The increasing popularity of plant-based diets and the growing demand for healthy and sustainable food options have driven the growth of the chickpeas market in this region.

In Europe, countries like Germany, France, the ., Italy, and Russia are key players in the chickpeas market. The rising awareness about the health benefits of chickpeas, as well as the increasing demand for vegan and vegetarian food products, have contributed to the growth of the market in Europe.

Asia-Pacific is a significant region in the chickpeas market, with countries like China, Japan, South Korea, India, Australia, Indonesia, Thailand, and Malaysia being major consumers of chickpeas. The increasing population, changing dietary habits, and rising disposable income in these countries have fueled the demand for chickpeas in the region.

Latin America, including Mexico, Brazil, Argentina, and Colombia, is also a key market for chickpeas. The traditional consumption of chickpeas in Latin American cuisine, along with the growing health consciousness among consumers, has supported the growth of the market in this region.

In the Middle East & Africa, countries like Turkey, Saudi Arabia, UAE, and Korea are major players in the chickpeas market. Chickpeas are an essential ingredient in Middle Eastern and African cuisines, leading to a steady demand for chickpeas in these regions. Additionally, the increasing consumer focus on plant-based proteins and healthy food options has further boosted the market growth in the Middle East & Africa.

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Primary Catalysts and Hindrances of the Chickpeas Market

Key drivers propelling Chickpeas Market growth include rising health consciousness, increasing vegan and vegetarian population, and growing demand for plant-based protein sources. Innovative solutions to overcome barriers such as limited awareness and availability include product diversification (. chickpea pasta, snacks), tailored marketing strategies targeting health-conscious consumers, and collaborations with food chains and retailers to expand market reach. Meeting consumer demands for convenience and variety through innovative product offerings and enhancing distribution channels are crucial to sustaining growth in the Chickpeas Market.

Chickpeas Major Market Players 

• Wimmera Grain
• Bean Growers
• Arbel
• Isik Tarim
• JOVA Graneros
• Mast Qalander
• Indraprasth foods
• OLEGA

Chickpeas Market players like Wimmera Grain, Bean Growers, Arbel, Isik Tarim, JOVA Graneros, Mast Qalander, Indraprasth foods, and OLEGA are key players in the global chickpeas market. These companies are known for their high-quality products and wide distribution network.

Wimmera Grain is a leading producer and exporter of chickpeas in Australia. The company has experienced steady growth in recent years due to the increasing demand for chickpeas globally. Bean Growers is another prominent player in the chickpeas market, offering a variety of chickpea products to cater to different market segments.

Arbel and Isik Tarim are well-known players in the Middle East region, where chickpeas are a staple food. These companies have been actively expanding their production capacity to meet the growing demand for chickpeas in the region. JOVA Graneros and Mast Qalander are key players in the South American market, where chickpeas are widely consumed.

Indraprasth foods and OLEGA are leading players in the Indian market, which is one of the largest producers and consumers of chickpeas worldwide. These companies have been introducing innovative products and flavors to cater to the changing consumer preferences.

In terms of sales revenue, Wimmera Grain reported sales of approximately $50 million in the last fiscal year, while Bean Growers reported sales of around $30 million. Arbel and Isik Tarim reported sales of $20 million each, with JOVA Graneros and Mast Qalander reporting sales of $15 million each. Indraprasth foods and OLEGA reported sales of $25 million and $18 million respectively.

Overall, the chickpeas market is witnessing significant growth due to the increasing awareness about the health benefits of chickpeas and the rising demand for plant-based protein sources. Companies like Wimmera Grain, Bean Growers, and Arbel are expected to maintain their leading positions in the market due to their strong product offerings and wide distribution network.

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Chickpeas Market Growth Prospects and Future Outlook

The chickpeas market is expected to witness significant growth in the forecast period, driven by growing health consciousness among consumers and increasing awareness about the nutritional benefits of chickpeas. The market is also likely to be bolstered by the rising trend of vegetarianism and veganism, as chickpeas are a popular plant-based protein source.

Innovative growth drivers for the chickpeas market include the introduction of new product variants such as roasted chickpeas and chickpea flour, as well as the increasing popularity of chickpea-based snacks and ready-to-eat products.

Market entry strategies for companies looking to enter the chickpeas market include strategic partnerships with retailers and online platforms, as well as investing in product development and marketing to differentiate their offerings from competitors.

Potential market disruptions in the chickpeas market could be caused by factors such as supply chain disruptions, changes in consumer preferences, and pricing fluctuations.

The CAGR for the chickpeas market is expected to be around 5% during the forecast period, with the market size estimated to reach USD 10 billion by 2025. Demographic trends such as the rising urban population and increasing disposable income levels are also expected to drive market growth.

Consumer segments driving growth in the chickpeas market include health-conscious consumers, millennials, and individuals following vegetarian and vegan diets. Factors influencing purchasing decisions in the chickpeas market include pricing, product quality, convenience, and sustainability practices of manufacturers.

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