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Chickpeas Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Chickpeas Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • July 2022
  • 128 pages
  • ID: 4715142
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The global chickpeas market reached a volume of 18.7 Million Tons in 2021. Looking forward, the analyst expects the market to reach 25.1 Million Tons by 2027, exhibiting a CAGR of 5.08% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Chickpeas, also known as garbanzo beans, refer to legumes that come under the family of Fabaceae and subfamily of Faboideae. There are two distinct types of cultivated chickpea, namely Desi and Kabuli. The desi type is grown in the Indian subcontinent while the Kabuli type is grown in West Asia and the Mediterranean region. Chickpeas are considered a good source of carbohydrates, proteins and include high levels of dietary fiber, vitamins and minerals. As a result, they offer numerous health benefits such as stabilizing blood sugar levels, maintaining muscle strength, aiding weight management, improving digestion and minimizing the risk of several chronic diseases such as diabetes and heart attack. Owing to this, they are added in a variety of dishes, like sauces, dips, soups and spreads.

Chickpeas are an economical source of dietary proteins for vegetarian and vegan consumers and are widely consumed in the form of dal in the Indian subcontinent. They are also used as a primary ingredient in hummus, a dip made with mashed chickpeas and other materials, which is popular in numerous parts of the globe. Moreover, consumers are nowadays opting for food products with high protein content owing to rising health awareness, which is further driving the product demand. With the prevailing trend of vegetarian meat substitutes, chickpeas are also being utilized for producing textured protein. Besides this, on account of the high cost and limited availability of higher protein sources like soybean, chickpeas have emerged as a low-cost feed additive. Some of the other factors boosting the growth of the market are population growth, increasing disposable incomes, and changing dietary patterns.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global chickpeas market, along with forecasts at the global and regional level from 2022-2027.

Regional Insights:
India
Australia
Pakistan
Myanmar
Ethiopia

Region-wise, India currently represents the largest producer of chickpeas, accounting for more than two-thirds of the global production. They are used in a variety of dishes as a whole, as dal (chana dal), or as flour (besan).

Competitive Landscape:
The competitive landscape of the market is characterized by the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the key players operating in the industry are:

Adani Wilmar Limited (AWL)
Cargill Foods India
AGT Food and Ingredients, Inc.
BroadGrain Commodities, Inc.

Key Questions Answered in This Report
1. What was the size of the global chickpeas market in 2021?
2. What is the expected growth rate of the global chickpeas market?
3. What are the key factors driving the global chickpeas market?
4. What has been the impact of COVID-19 on the global chickpeas market?
5. What are the key regions in the global chickpeas market?
6. Who are the key companies/players in the global chickpeas market?

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