In 2023, India's chickpeas production at the farm gate was 7.13 billion euros. Projected figures indicate a steady growth in production value: 7.33 billion euros in 2024, rising gradually to 8.13 billion euros by 2028. Year-on-year production growth from 2024 to 2028 hovers around 2.7%. Over the upcoming five years, the Compound Annual Growth Rate (CAGR) is approximately 2.7%, showcasing a consistent upward trend in production value.
Key future trends to watch for:
- Technological advancements in farming and irrigation could further enhance productivity.
- Climate change impacts on agricultural yield need careful monitoring.
- Shifts in global demand for plant-based proteins, possibly expanding chickpeas market.